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Home Depot Project Loan

The Home Depot Project Loan card.

The Pay-later Power Tool

Enjoy 0% APR* for 6 months.

No impact to credit score

For existing customers

A Project Budget to Match Your Dreams

 Prequalify in under 60 seconds without impacting your credit score.
 Get approved for up to $50,000*.
 Pay 0% APR for 6 months while you make your project purchases (minimum payment required).
 Then pay 13.99% APR for up to 60 months or pay off your balance in full at any time (no pre-payment penalty).
 Use it with Home Depot online, in-store and for Home Services^.

Home Depot Project Loan: A Step-by-step Guide

Your application is approved! You’re approved to spend up to $50,000.

Step 1:

Apply

Apply online and get instantly approved for up to $50,000. And don’t worry — you can prequalify with no impact on your credit score.

After completing your application, you will have access to digital shopping cards on your smartphone to make purchases.

Step 2:

Shop

During the 6-month shopping period, save with 0% APR as you shop online or in-store for everything you need for your project (minimum monthly payment required)*.

Use your Project Loan Card to shop online, in-store or with installation services.

Step 2:

Shop

During the 6-month shopping period, save with 0% APR as you shop online or in-store for everything you need for your project (minimum monthly payment required)*.

Pay off your loan at any time without penalty.

Step 3:

Pay It Off

After 6 months, take up to 60 months at 13.99% APR or pay off your balance at any time. There’s no prepayment penalty.

Graphics for illustrative purposes only.

Bring Your Dream Project to Life With a Budget to Match

Bring Your Dream Project to Life With a Budget to Match

No impact to your credit score

Measure Out Your Payment Plan

Have a project in mind? Use the payment estimator to find out how you can build now and pay later.

Monthly payment.

Have a project in mind? Use the payment estimator to find out how you can build now and pay later.

Frequently Asked Questions

Application FAQ

Shopping Period FAQ

Monthly Installments FAQ

Loan Amount Typical Monthly Payment at 13.99% APR Interest and Fees Payable Over the Life of the Loan Total Obligation
$500 $45 $40 $540
$10,000 $233 $3,980 $13,980
$20,000 $465 $7,916 $27,916
$50,000 $1,163 $19,789 $69,789

*On approved credit by FinanceIt Canada Inc. as agent for a third-party financial institution. Principal only payments of 0.4% 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 6-month Shopping Period, the total amount outstanding by the borrower will convert to a term loan at a fixed credit rate/APR of 13.99% 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 $19,789 in interest and credit charges over 60 months for a total obligation of $69,789. See store associate or homedepot.ca/projectloan for details.

† Project Loan Payment Examples are based on a credit rate/APR of 13.99% 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.

^Not valid in combination with any other offer or Local Pro.