Project Loan Quebec
A project budget to match your dreams
6.99% Credit Rate/APR*
- No annual fees
- Credit available for up to $50,000*; no downpayment required
- 6 months to make all your project purchases
- Pay off your balance in 60 equal monthly payments or in full at any time (no pre-payment penalty)*
- Use it with Home Depot online, in-store and for Installation Services
For Quebec Residents. For all other Canadian Residents, click here to learn more.
How Project Loan works:
1. Apply online and get approved for up to $50,000 in available credit so you can start shopping today with your Home Depot Project Loan Card.*
2. Get 6 months to make all your project purchases with Home Depot online, in-store and for Installation Services.
3. Shop by scanning the Project Loan card barcode from your phone at checkout, or using the virtual card number to make online purchases at homedepot.ca
4. After the 6-month Shopping Period ends, pay off your Project Loan balance in up to 60 equal monthly payments or in full at anytime.*
Pay for Your Dream Project in Equal Monthly Payments
| Loan Amount | Typical Monthly Payment at 6.99% interest rate/APR† |
Interest and Fees Payable Over the Lifetime of the Loan | Total Obligation |
|---|---|---|---|
| $1,000 |
$20 |
$188 |
$1,188 |
| $5,000 |
$98 |
$939 |
$5,939 |
| $10,000 |
$198 |
$1,878 |
$11,878 |
| $15,000 |
$297 |
$2,817 |
$17,817 |
| $20,000 |
$396 |
$3,756 |
$23,756 |
| $25,000 |
$495 |
$4,695 |
$29,695 |
| $30,000 |
$594 |
$5,634 |
$35,634 |
| $35,000 |
$693 |
$6,573 |
$41,573 |
| $40,000 |
$792 |
$7,512 |
$47,512 |
| $45,000 |
$891 |
$8,450 |
$53,450 |
| $50,000 |
$990 |
$9,389 |
$59,389 |
Frequently Asked Questions
Shopping Period FAQ:
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The Home Depot Project Loan Card is a virtual shopping card you can use to shop at any Home Depot location, online at homedepot.ca or with Home Depot Installation Services.
- To shop in-store, use the Project Loan Card barcode on your smartphone to pay for your purchase at checkout
- To shop online at homedepot.ca and/or Installation Services, use your Project Loan card number, expiry date and CCV code at checkout
You can also order a physical Project Loan Card which is Chip and Pin enabled.
Important: For security purposes, the barcode for your Project Loan Card will refresh every 24 hours or after every purchase.
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While you shop with your Project Loan Card, you’re charged interest-only monthly payments at a credit rate/APR of 6.99% on your current purchase balance, which will be withdrawn from the associated chequing account. Once the 6-month Shopping Period ends, you must pay off your Project Loan balance in up to 60 equal monthly payments.* There are no other fees or charges associated with your Home Depot Project Loan Card.
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You can use your Project Loan Card to purchase any product or service sold by Home Depot Canada in-stores, online at homedepot.ca or for Installation Services
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Yes. You can use your Project Loan Card for Installation Services at The Home Depot Canada.
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You can start using your Project Loan Card as soon as your loan agreement is signed.
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The Shopping Period is six months long, which begins when your loan agreement is signed. After the Shopping Period ends, your monthly installment payments start, which will be automatically withdrawn from your associated chequing account.
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No. Co-applications are not supported at this time.
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Yes. If you finish shopping before the 6 month Shopping Period ends, you can start making monthly installment payments by calling Home Depot Project Loan at 1-866-207-3933 or accessing the Project Loan Portal.
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No. The Project Loan Card is a dedicated co-branded card exclusively to be used at The Home Depot Canada. You can use the card on any purchases in-stores, online and for Installation Services.
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To order a physical Project Loan Card, log in to your Home Depot Project Loan Portal and click Order a physical card.
Important: If you order a physical Project Loan Card, you can no longer use the virtual version of your Project Loan Card on your smartphone.
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If you lose your physical Home Depot Project Loan card, call Home Depot Project Loan at 1-866-207-3933.
Monthly Installments FAQ:
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Monthly installment payments start six months from the signing of your loan agreement.
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The Home Depot Project Loan terms are as follows:
Interest rate: 6.99% credit rate/APR
Term: 60 months*
Amortization period: 60 months*
Shopping Period: Interest-only payments will be withdrawn from the associated chequing accounts on a monthly basis during the six months Shopping Period at the credit rate/APR of 6.99%, which is applied from the first day of purchase activity.
*Important: If your final purchase balance is less than $1,000, your term and amortization period will be 12 months.
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The amortization period is the amount of time it takes to pay off your loan in full.
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Yes. You can make early or extra payments, or pay off your balance in full, any time without penalty.
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Any extra payments made will be applied to the principal, which will not impact the monthly withdrawl from your associated chequing account, however, the payment period is reduced accordingly.
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You may make a payment to Home Depot Project Loan either by mail, online or via phone by the following:
- Online Banking: Adding Financeit Canada as a Payee
- Mail: (Make Checks Payable to “Financeit Canada Inc.”)
Home Depot Project Loan
296 Richmond St. West, Suite 500
Toronto, Ontario, M5V 1X2- Online: https://hdprojectloan.financeit.ca
- Phone: 1-866-207-3933
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A credit will be issued to your account in the amount of the return. Your monthly payment requirement will remain unchanged.
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You can apply for a second Project Loan for additional purchases you wish to make after the initial 6 month Shopping Period has ended.
* On approved credit by Financeit Canada Inc. as agent for a third-party financial institution. No downpayment required and no credit charges apply. Interest only payments required during the 6-month Shopping Period. After the Shopping Period, the total amount outstanding by the borrower will convert to a term loan at a fixed credit rate/APR of 6.99% with fixed monthly payments amortized over (i) a 60 month term where the minimum spend is over $1,000, or (ii) 12 months with a spend of $999.99 or less. No downpayment required and no credit charges apply. A loan of $50,000 incurs $9,389 in interest and credit charges over 60 months for a total obligation of $59,389. See store associate or homedepot.ca/projectloan for details.
† Project Loan Payment Examples are based on a credit rate/APR of 6.99% amortized over a maximum 60 month term. No downpayment required and no credit charges apply. All figures presented are examples provided for illustrative purposes only. Typical Monthly Loan Payment excludes any interest previously due during Shopping Period. Financing provided by Financeit Canada Inc. as agent for a third-party financial institution. See homedepot.ca/projectloan for details.