Financing

Payment Options

At RD Furniture, it is possible to pay cash with a debit or credit card (Visa or MasterCard). We also offer a financing program with our partner Fairstone Financial.

Get online approval

You can apply directly online with Fairstone Financial. The whole process takes about 15 minutes and, if you qualify, you'll get your personalized funding limit.

In-store

In-store, the Fairstone Financial program offers loan terms ranging from 6 to 60 months.* The sales consultant can conclude the transaction with you and provide all the necessary information. A positive or negative response regarding your application will be provided within a few minutes. Upon approval of your application, an RD Furniture digital card will be issued by Fairstone Financial. An annual $35 fee will be charged upon account opening and each anniversary date if a balance is due.

We offer two financing options with Fairstone Financial:

1-Fixed monthly payments with a 9.99% interest rate*

  • Payment term options: 12, 24, 36, 48 or 60 months
  • Balance can be paid partially or entirely at any moment

2-Interest-free if the purchase is paid in full at the end of the term and all minimum payments are made **

  • Payment term options: 6 months
  • Balance can be paid partially or entirely at any moment
  • Minimum payment: 5 % of due balance
  • Attention:  Paying the minimum monthly payment on your account will not fully reimburse the purchase price on time, and interest fees will be charged.

Online

Once you have selected all your products, you can either pay with your credit card (Visa or MasterCard), in one payment, or with a financing plan from Fairstone Financial. For online purchases, two options are available:

1-Fixed monthly payment with a 9.9% interest rate*

  • Payment term options: 36 or 60 months
  • Balance can be paid partially or entirely at any moment

2-Interest-free if the purchase is paid in full at the end of the term and all minimum payments are made **

  • Payment term options: 6 months
  • Balance can be paid partially or entirely at any moment
  • Minimum payment: 5 % of due balance
  • Attention: Paying the minimum monthly payment on your account will not fully reimburse the purchase price on time, and interest fees will be charged.

*Upon approval of the credit: annual membership fees may be charged to your account under certain conditions as indicated in your financing agreement. The financing plan offered by Fairstone Financial Inc. is subject to all terms and conditions of your cardholder agreement, and the disclosure document will be provided at the point of sale (collectively the “Account Agreement”). A reduced rate of credit charges will be calculated at the purchase. The amount of the purchase, in addition to the credit charges, is divided by the payment term to get equal monthly payments that will be due at the end of each billing cycle. Interests are calculated in advance and included in each monthly payment. If the minimum payment is not made by the due date or if there is a balance left after the repayment period, a credit fee will be calculated at the APR mentioned in the credit agreement and the statement of terms and conditions declaration. 

** Upon approval of the credit: annual membership fees may be charged to your account under certain conditions as indicated in your financing agreement. The financing plan offered by Fairstone Financial Inc. is subject to all terms and conditions of your cardholder agreement and the disclosure document on the promotional credit plan (collectively the “Account Agreement”). After the 6-month promotional period following the purchase, a financing fee will be charged, and a minimum payment equal to 5% of the balance will be payable each billing cycle. However, if you make the required payments and pay the full purchase price before the due date of the promotional credit period, all accumulated financing charges will be cleared and will not be charged for the purchase. If you do not pay the full purchase price by the expiration date of the promotional credit period, all accumulated financing charges will be charged to your account. Paying the minimum monthly payment on your account will not fully reimburse the purchase price on time, and interest fees will be charged. Upon cancellation or expiry of the promotional credit plan (or for purchases not made under the promotional credit plan), the standard interest rate disclosed in your account agreement and the terms of the regular credit plan will apply to any outstanding balance. Check out the account agreement or visit the store for more information.

Examples of Fixed Monthly Payments Per Financed Amount

  Fixed Monthly Payments
(9.99% Annual Interest Rate)
Payment Terms (months) $ 1,000 $ 1,500  $ 2,500 $ 5,000
24 $ 46.14 $ 42.65 $ 27.95 $ 40.25
36 $ 32.26 $ 32.67 $ 35.08 $ 32.99
48 $ 25.36 $ 27.28 $ 41.12 $ 28.82
60 $ 21.24 $ 23.93 $ 46.25 $ 26.14

The $ 35 annual fee of Fairstone will be charged upon 1st invoice and then on each anniversary date of the account opening if a balance is due.


IN NEED OF SECOND CHANCE CREDIT SERVICES?

We offer an alternative financing service with Creditmeubles, a company that offers second chance credit services. Their mission is to allow customers to buy the furniture or appliances they need and to have access to financing, whether or not they have a good credit record. A positive or negative response regarding the application will be provided within 24 to 48 hours. The request must be made at the store; it is not possible to apply online. 


Do you still offer Accord D financing program ?

No. Desjardins' in-store financing will gradually phase out. At RD Furniture, our partnership ended on December 31st, 2021. We formed a new partnership with Fairstone Financial in order to maintain flexible and advantageous financing plans for our customers.