Project Loan

Project Loan App

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  

How Project Loan works:

form

1. Apply online and get approved for up to $50,000 so you can start shopping today with your Home Depot Project Loan Card.**

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2. Get 6 months to make all your project purchases with Home Depot online, in-store and for Installation Services.

Credit Card icon

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

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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% APR
$1,000
$20
$5,000
$98
$10,000
$198
$15,000
$297
$20,000
$396
$25,000
$495
$30,000
$594
$35,000
$693
$40,000
$792
$45,000
$891
$50,000
$990

How Project Loan works:

form

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.**

Calendar icon

2. Get 6 months to make all your project purchases with Home Depot online, in-store and for Installation Services.

Credit Card icon

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

Dollar sign icon

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:

Monthly Installments FAQ:

* On approved credit by Financeit Canada Inc. as agent for a third-party financial institution. No downpayment. Interest only payments required during the 6-month Shopping Period. The billing account period covered by each account statement will be approximately 28 to 31 days. No grace period applies. 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 divided 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.

** 6.99% APR.  On approved credit by Financeit Canada Inc. as agent for a third party financial institution. Interest-only payments required during 6-month Shopping Period. The billing account period covered by each account statement will be approximately 28 to 31 days. No grace period applies. After 6-month Shopping Period, the total amount outstanding by the borrower will convert to a term loan of fixed monthly payments divided over (i) 60 months with a minimum spend of over $1,000, or (ii) 12 months with a spend of $999.99 or less.

† Sample based on a 6.99% APR divided over 60 months with a minimum of $1,000 on the Project Loan Card. All figures presented are examples only and are provided for illustrative purposes only. Typical Monthly Payment excludes any interest previously due during Shopping Period. On approved credit by Financeit Canada Inc. as agent for a third party financial institution. 

*† Project Loan Payment Examples are based on a credit rate/APR of 6.99% divided over a maximum 60 month term. No downpayment. 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.