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A-Z list of store financing for electronics and household items
Shopping for a new laptop, sofa or oven? Let us help you easily compare popular store financing options, like Flexiti and Affirm.
Need help paying for your purchase? Many stores offer 0% or low-interest financing and repayment terms ranging from 6 to 36 months. But you might need good credit to qualify. We break down store financing options for some of Canada’s most popular electronics, appliance and homeware retailers.
A-Z list of store financing for electronics and household items
| Brand | Financing offer | Read more |
|---|---|---|
Flexiti | ● 0% – 39.99% AIR (max 35% in Quebec) ● Varies (some stores offer 6/12/24/36 month terms) | Learn more |
Affirm | ● 0% – 32% APR ● 4 biweekly payments or 3/6/12 month terms | Learn more |
Amazon (via Affirm) | ● 0% – 32% APR ● Monthly payments over 3-48 months | Learn more |
Apple | ● APR from 4.99% ● Monthly payments over 12 or 24 month terms | Learn more |
Best Buy (via Fairstone) | ● 0% interest during promo period (non-promo rate not disclosed online) ● Monthly payments for 3/6/12/18 month terms (after which interest applies) | Learn more |
The Brick (via Flexiti) | ● 0% – 39.99% AIR (max 35% in Quebec) ● Defer payments for up to 18 months or make equal payments for 36 months | Learn more |
Canada Computers (via Flexiti) | ● 0% – 39.99% AIR (max 35% in Quebec) ● Monthly payments for 6 or 12 month terms (after which interest applies) | Learn more |
Canadian Tire (via Triangle Mastercard) | ● 0% APR for promo period (20.99% after) ● Equal payments over 24 months (after which interest applies) | Learn more |
Costco (via CIBC Pace It program) | ● 6.99% – 8.99% APR ● Monthly payments over 6/12/24 month terms | Learn more |
easyhome (via easyfinancial) | ● 29.99% – 46.96% APR ● Weekly, bi-weekly, semi-monthly payments over 9 to 84 months | Learn more |
Home Depot (via Home Depot Consumer Credit Card) | ● 0% – 28.8% interest ● Monthly payments for 6/12/18/24 month term (after which interest applies; terms vary based on the product purchased) | Learn more |
Leon’s (via Flexiti) | ● 0% – 39.99% AIR (max 35% in Quebec) ● Defer payments for 6 or 12 months, or make equal payments for 12 or 24 months (after which interest applies) | Learn more |
MDG | ● 0% – 32% APR ● Weekly, bi-weekly or monthly payments with no interest for 12 months (after which interest applies) | Learn more |
Memory Express (via Flexiti) | ● 0% – 39.99% AIR (max 35% in Quebec) ● Monthly payments over a 3/6/9/12 month term (after which interest applies) | Learn more |
Newegg (via Affirm) | ● 0% – 32% APR ● 4 biweekly payments or 3/6/12 month terms (varies depending on the product purchased) | Learn more |
PayPlan by RBC | ● 0% – 19.99% APR ● Equal monthly payments for 6 to 60 month terms | Learn more |
Staples (via Flexiti) | ● 0% – 39.99% AIR (max 35% in Quebec) ● Defer payments for 3/6/12 months, or make equal payments for 3/6/12 months. Interest applies to unpaid balances after the term ends. | Learn more |
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Flexiti financing
- How Flexiti financing works. Get low or no interest payments when you use Flexiti to shop with dozens of major retailers.
- What can I finance? You can finance eligible products online and in-store at more than 8,000 Flexiti partners, including Sleep Country, Wayfair, Leon’s, Visions Electronics, London Drugs, Lenovo, Kal Tire and many more.
- What to watch out for. Watch out for after-promo assumed interest rates (AIRs) between 31.99% and 39.99% (35% in Quebec) and admin fees. A minimum purchase may apply based on the retailer.
Is Flexiti a credit card?
The FlexitiCard is a regular credit card that can be used to make in-store and online purchases at 8,000+ retailers. When you apply for financing at participating retailers like the Brick or Staples, you’re applying for a FlexitiCard (or a store-branded credit card backed by Flexiti), which can be reused after you pay off your purchase.
Where is the FlexitiCard accepted?
The FlexitiCard is accepted by over 8,000 retailers both in-store and online, including Wayfair, Staples, Rona, London Drugs, The Brick, La-Z-Boy, People’s, The Bike Shop, Canada Computers, Jysk, Ashley and Pandora.
What credit score is needed for Flexiti?
Flexiti does not disclose a minimum required credit score online. However, you can typically qualify for most Canadian credit cards with a good score of 660 or higher.
Which major retailers are not Flexiti partners?
Some of the popular retailers that don’t provide financing through Flexiti include Apple, Amazon, IKEA, Walmart, the Home Depot, Costco and Canadian Tire.
Affirm financing
- How Affirm financing works. Pay in 4 interest-free payments every 2 weeks, or pay in monthly installments over 3, 6 or 12 month terms with an APR from 0% to 32%.
- What can I finance? Affirm works with more than 245,000 merchants primarily in the US and Canada. You can finance electronics, furniture, home decor, fashion, sporting goods, car accessories and wellness products.
- What to watch out for. Financing is only available with select merchants. Monthly payment plans may charge interest, and getting 0% interest depends on credit in some cases.
Amazon financing in Canada
- How Amazon financing works. Pay 10-30% APR over 3-48 months through Affirm, a finance provider. Repayment period depends on the purchase amount (3 or 6 months for $50+, 12 months for $150+, 18 months for $350+, 24 months for $800+, 36 months for $1,500+ and 48 months for $2,000+). You can pay it off early without penalty.
- What can I finance? You can use Amazon financing for any product except for Whole Foods or Amazon fresh orders, digital purchases like movies and e-books, gift cards and any purchases under $50.
- What to watch out for. Rates are high compared to other stores, and you may need to make a down payment for certain purchases.
Apple financing in Canada
- How Apple financing works. Shop online at Apple and select the Pay monthly with financing option when prompted to check out or select Apply now on the Apple site to pre-qualify.
- What can I finance? Apple offers electronic financing for iPads, iPhones and Mac computers.
- What to watch out for. Terms don’t exceed 2 years. Not all products are available for financing.
Best Buy financing
- How Best Buy financing works. Apply for financing for terms of 3, 6, 12 or 18 months through Fairstone. Spend money on the card when you make purchases in-store.
- What can I finance? You can finance electronics, appliances, musical instruments, luggage and anything else you can purchase at Best Buy, with your term length dependent on the total financing amount.
- What to watch out for. Interest applies after the promo period ends, although the rate range isn’t disclosed online. For purchases of $299.99 or more, there’s an $0 - $99.99 administrative fee depending on the term.
The Brick financing
- How The Brick financing works. Get up to $20,000 when you apply for financing online or in person. Make no payments for the first 18 months or make equal payments for 36 months.
- What can I finance? You can finance furniture, bedding, appliances, electronics, home decor and anything else you can buy at the Brick.
- What to watch out for. There’s a missed payment fee of between $59.99 and $99.99. Interest rates after the promo period are between 31.99% and 39.99% after the promo period. Plus, there’s an admin fee of $0 to $249.95.
Canada Computers financing
- How Canada Computers financing works. Choose a product to buy in the store and fill out an application with a sales agent. Canada Computers offers financing through Flexiti.
- What can I finance? You can finance computers, cell phones, printers, headphones, chairs, desks, gaming equipment and other electronics.
- What to watch out for. After the no-interest promotional period of 6 or 12 months, a 31.99% - 39.99% AIR applies. A one-time admin fee of $39.99 to $79.99 applies for financing (unless you live in Quebec).
Canadian Tire financing
- How Canadian Tire financing works. Pay zero interest for 24 months when you make purchases with the Triangle Mastercard. Afterwards, 20.99% interest applies to any outstanding balance.
- What can I finance? You can finance products sold at Canadian Tire and partner stores such as Sport Chek, Mark’s and Atmosphere.
- What to watch out for. You must have a Triangle Mastercard to get financing. You must spend at least $150 and there’s a 20.99% interest rate after the promo or for missed payments.
Costco financing
- How Costco financing works. Use your CIBC Costco Mastercard to make purchases and log them under the CIBC Pace It program to pay lower interest rates for a set term.
- What can I finance? Finance online and in-store Costco purchases up to your credit limit and set up multiple Pace It plans for various products.
- What to watch out for. There’s no interest-free offer. Interest rates run from 6.99% to 8.99% depending on the term. You need to sign up for Pace It through online banking or the CIBC mobile app (registration isn’t automatic).
easyhome financing
- How easyhome financing works. Shop online from thousands of name-brand products, or visit a store in person to get 9-84 month term financing. easyhome financing is lease-to-own, meaning you rent the item and only own it once you make all your payments.
- What can I finance? You can finance furniture, appliances, electronics, computers and other products (through the easyhome online store or at nearby easyhome locations).
- What to watch out for. This is an expensive option. There’s no interest-free promo period, and the APR ranges from 29.99% to 46.96% APR. You’ll also have to page a $25 processing fee.
Home Depot financing
- How Home Depot financing works. Use your Home Depot consumer credit card for purchases over $299, and get 0% interest financing for 6, 12 or 18 months (24 months for Furnaces, Air Conditioners, Heat Pumps or Ductless Systems worth $1,999 or more).
- What can I finance? You can finance home decor, furniture, building materials, paint, garden supplies and other eligible products from Home Depot.
- What to watch out for. 28.8% interest applies if you don’t fully pay off your purchase by the end of the term. Also, you can’t finance purchases under $299.
Leon’s financing
- How Leon’s financing works. Pay 0% interest during the promo term, after which interest applies. Choose a promo term of no payments over 6 or 12 months, or equal payments over 12 or 24 months.
- What can I finance? You can finance furniture, mattresses, appliances, electronics, outdoor supplies and other products sold at Leon’s.
- What to watch out for. 31.99% and 39.99% interest applies if you don’t pay off your purchase by the end of the term, and you might have to pay a deferral fee of $59.99 – $99.99. There’s a minimum purchase of $250 as well as a one-time admin fee of $29.95 – $99.95.
MDG financing
- How MDG financing works. Make weekly, bi-weekly or monthly payments with no interest for 12 months, after which 0% to 32% interest applies.
- What can I finance? You can finance computers, cameras, drones, tablets and other tech along with home furnishings and decor.
- What to watch out for. If you don’t pay off your purchase in 12 months, you’ll be charged 0% to 32% interest. Interest-free terms are limited to 12 months. The maximum credit limit is $3,200.
Memory Express financing
- How Memory Express financing works. Pay 0% interest during the promo period of 3, 6, 9 or 12 months, after which you'll be charged interest ranging from 0% – 39.99% AIR (max 35% in Quebec).
- What can I finance? You can finance computer hardware and software, gaming systems, TVs, cameras, home office equipment and various other electronics.
- What to watch out for. There's a minimum purchase of $500 on a 3, 6 or 9-month term and $1,000 for a 12-month plan. An admin fee of $49–$199 also applies. After-promo rates run between 30.49% and 35.90%.
Newegg financing
- How Newegg financing works. Get 0% interest financing for your promo term, after which a non-promo APR of 0% – 32% applies. You'll have the option to pay for some purchases in 4 equal payments, otherwise, you can choose between a 3, 6 or 12-month term.
- What can I finance? You can finance electronics, office equipment, gaming systems, tools, sporting goods, apparel, accessories and wellness products.
- What to watch out for. You could end up paying a 0% – 32% APR if your purchase isn’t fully paid off by the end your promo term. A deposit might be required for some purchases.
PayPlan by RBC
- How PayPlan by RBC works. Get 0% to 19.99% financing on approved credit when you shop with select merchants. At checkout, you’ll be given a choice to pay for your purchase via PayPlan by RBC.
- What can I finance? It depends on the store you’re buying from. Some PayPlan by RBC merchants include IKEA, Rona, DronePoint, Micro-Vision Computers and Atlas Computers & Electronics.
- What to watch out for. Financing is only available with participating stores, and as of July 2024, there’s no public list of which retailers participate in the program.
Staples financing
- How Staples financing works. Pay no interest for 3, 6 or 12 months, and choose from deferred or equal monthly payments. If approved, you'll receive the Staples credit card, backed by Flexiti.
- What can I finance? You can finance electronics, computers, computer accessories, office supplies, small appliances, furniture and more.
- What to watch out for. Financing is only available for up to 90 days, 6 months or 12 months. The after-promo rates are from 31.99% to 39.99%, and there a $29.99 – $59.99 administrative fee. You can only choose the deferred payment plan for in-store purchases.
What you need to know about in-store financing
In-store financing options are designed to give you the flexibility to buy what you want, when you want, without paying upfront. This type of financing is usually offered directly through the store or company where you’re making a purchase.
Unlike credit cards that feature 0% interest for a promotional period or interest-free grace periods when you meet payment requirements, these in-store financing agreements are offered by specific stores and can be available for longer periods of time. As a rule of thumb, newer items usually incur less interest than older items and are therefore cheaper to finance.
Which types of stores offer in-store financing?
There are a variety of retailers across Canada that offer in-store financing, including:
- Electronics outlets
- Furniture stores
- Hardware stores
- Wholesale retailers
- Retail stores
- Music shops
Can I get electronic financing with no credit check in Canada?
It’s difficult to get electronic financing with no credit check in Canada unless you opt for lease-to-own (also known as rent-to-own). Most lenders will at least conduct a soft credit check, which won’t affect your credit score like a hard credit check.
Whether or not you qualify for a 0% interest rate depends on whether you have strong credit. If you have bad credit, you could be denied financing.
Can I get electronic financing with bad credit?
Most store financing programs are offered on approved credit (OAC). You typically need a good to excellent credit score above 660 to get approved for financing. If you have bad credit and don’t have the funds to pay for your item upfront, try applying to online lenders that offer personal loans for bad credit.
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Where do stores get the money to offer financing to customers?
There are two ways for businesses to provide customers with financing. The first is to manage the entire financing program in-house. This involves taking on the entire responsibility of evaluating applications, disbursing loans, settling customers’ bills and collecting payments. Businesses offering in-house financing solutions suffer the loss if customers default on their loans.
The second way to provide store financing is to outsource to a third-party company like Flexiti or Afterpay. In this scenario, a third-party company might receive customers’ applications from a merchant, provide a quick funding decision and (if approval is granted) pay the merchant the full cost of the customers’ bill. Customers repay the third-party financing company, which assumes the loan risk so the merchant doesn’t have to.
Many businesses choose to offer financing through third-party companies, because it’s easier and less risky. However, in return, merchants may have to pay financing companies a flat, monthly fee or a small percentage of each bill (often 1% – 5%). In some cases, third-party lenders might use merchants’ point-of-sale systems, charging no more than the usual fees for processing debit or credit transactions.
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