Payment Options
At RD Furniture, it is possible to pay in cash or with a debit and credit card (Visa or MasterCard). We also offer a financing program with our partner Fairstone.
Get approval directly in store
You can apply directly in store with one of our advisers. The whole process takes about 15 minutes and, if you qualify, you'll get your personalized funding limit.
RD Furniture financing program by Fairstone
We offer a financing program with our partner Fairstone Inc. Take advantage of financing quickly. In a fraud prevention context, RD Furniture reserves the right to refuse in-store or warehouse pickup of any item financed by Fairstone Financial. See terms and conditions below.
In-store
In-store, the Fairstone 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. An annual $35 fee will be charged upon account opening and each anniversary date if a balance is due.
In-store
In-store, the Fairstone program offers loan terms ranging from 6 to 48 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. 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:
1-Fixed monthly payments with a 11.99% interest rate*
- Payment term options: 24, 36, 48 or 60 months (A minimum amount of financing may be required for 48 and 60 month terms.)
- 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 and 12 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.
We offer two financing options with Fairstone:
1-Fixed monthly payments with a 11.99% interest rate*
- Payment term options: 36 or 48 months (A minimum amount of financing may be required for 48 months term.)
- 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, 12 or 18 months (A minimum amount of financing may be required for 12 months and 18 months terms.)
- 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 pay with a financing plan from Fairstone. For online purchases, two options are available:
1-Fixed monthly payment with a 11.99% interest rate*
- Payment term options: 36 or 60 months ( A minimum amount of financing may be required for terms of 48 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 and 12 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 pay with a financing plan from Fairstone. For online purchases, two options are available:
1-Fixed monthly payment with a 11.99% interest rate*
- Payment term options: 36 or 48 months ( A minimum amount of financing may be required for terms of 48 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, 12 or 18 months ( A minimum amount of financing may be required for terms of 12 months or 18 months terms.)
- 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 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.
Examples of Fixed Monthly Payments Per Financed Amount
| Fixed Monthly Payments (11.99% Annual Interest Rate) |
||||
| Payment Terms (months) | $ 1.000 | $ 2.000 | $ 3.000 | $ 5.000 |
| 24 | $ 47.07 | $ 94.14 | $ 141.21 | $ 235.35 |
| 36 | $ 33.21 | $ 66.42 | $ 99.63 | $ 166.05 |
| 48** | $ 52.66 | $ 78.99 | $ 131.65 | |
| 60** | $ 66.72 | $ 111.20 | ||
Examples of Fixed Monthly Payments Per Financed Amount
| Fixed Monthly Payments (11.99% Annual Interest Rate) |
||||
| Payment Terms (months) | $ 1.000 | $ 2.000 | $ 3.000 | $ 5.000 |
| 36 | $ 33.21 | $ 66.42 | $ 99.63 | $ 166.05 |
| 48** | $ 52.66 | $ 78.99 | $ 131.65 | |
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.
** A minimum amount of financing may be required for 48 and 60 month terms.
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.
** A minimum amount of financing may be required for certain terms.
** 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 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 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 Credit Charges Per Purchase Amount
| 5 % Minimum Monthly Payment for the 1st Month (Excluding the $35 Annual Account Fee) | Interests Accrued If the Amount Is Paid in Full at the Due Date and the Minimum Payments Were Made on Time | Estimated Accrued Interests Added to the Outstanding Balance If Promotional Rate Conditions Are Unmet | ||
| 6 - Month Term | 12 - Month Term | |||
| Purchase Amount | ||||
| $1000 | $50 | $0 | $139.31 | $241.71 |
| $2000 | $100 | $0 | $278.61 | $483.42 |
| $3000 | $150 | $0 | $417.92 | $725.12 |
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 in order to maintain flexible and advantageous financing plans for our customers.
FINANCING ACCOUNT FAQS
- Different options to reach customer support are available: phone at 1 888 638-2274 and online chat from the Fairstone homepage. You can also visit the "Questions-Answers" section on the Fairstone Financial website.
- The annual fees for the Fairstone card are $35 per year. This cost is charged on the 1st statement. Subsequently, no fees are charged starting from the 2nd year if there is no balance on the anniversary date of the card opening.
- There is no charge to submit the request. However, a $35 annual fee will be charged on the 1st statement account following your first financing.
- In-store, you select your plan when you check out. The plan is entered into the merchant portal by Meubles RD. Online, you must choose a plan yourself during the payment.
- You must pay at least 5% of the balance when billing (e.g. $1000 x 5% = $50). If you pay off your entire balance before the end of the promotional period, there is no interest to pay. If you miss a payment or do not pay the balance in full at the end of the promotional term, all accumulated monthly borrowing fees will be charged retroactively.
- The fees are charged on the 1st statement account and annually on the anniversary date if financing is still active.
- Meubles RD provides a customer card in partnership with Fairstone. This card can only be used at Meubles RD. You can reuse it without a new credit inquiry if you stay within the authorized limit. Therefore, you will have a revolving credit (reusable without a credit inquiry) and not an installment loan (not reusable without a credit inquiry).
- No, it is not possible to add a joint applicant.
- In-store: Yes, you can use multiple payment methods for the same purchase. For example, for a purchase of $3,000, you could pay $1,000 with Interact debit and finance $2,000 with your Meubles RD card.
- Online: No, you must use only one of the authorized payment methods.
- The impact of a late payment or non-payment depends on the type of plan selected.
- For a plan with equal interest and payments, the promotional rate (11.99% as of September 2023) will no longer apply to the unpaid portion of your financing. A rate of 31.99% will then be applied to this portion.
- For an interest-free plan with minimum payments, a rate of 31.99% will be retroactively applied from the opening date of your financing and will continue to be charged until the financing is paid in full.
- Since providing an email address is mandatory, you can submit the email of a relative such as a son/daughter/spouse, etc. CAUTION: The transaction slip and subsequent communications will be sent to this address.
- Filling out the application takes between 2 and 3 minutes. You will receive approval about a minute after applying.
- Yes, you will receive a digital card. No plastic card will be sent.
- Join the RD financing online in partnership with Fairstone. Subsequently, you can use your Meubles RD financing card for online or in-store purchases.
- You must have the original identification documents; no photocopies or photos will be accepted. The identification must be valid, with a photo, and government-issued. Additional proof will be required if no address is indicated. This other proof can be, for example, a bank statement account. If you receive an electronic statement, you can log into your account before a Meubles RD consultant and show your name and address, as listed in your banking app.
- All financial institutions, including Fairstone, are subject to federal laws to prevent fraud and money laundering. For more details, you can read about the PCMLTFA or FINTRAC.
- Fairstone uses the same connection partner as the Government of Canada to authenticate customers through their digital banking access. Their software allows for a single login attempt. If the username or password is incorrect, there is no 2nd try. A valid and acceptable identity card must then be presented.
- An ELECTRONIC statement will be sent to the email address on file. To receive a paper statement, you must contact Fairstone customer support and request the modification.
- No, the department associated with merchant financing is a separate division at Fairstone. Contact Fairstone by phone, chat, or email if you need assistance. If you visit a branch, they will ask you to refer to the customer card merchant.
- If you do not plan to start paying your financing plan the following month, you can give a minimum deposit of 30% to reserve your merchandise. Upon reception of the items, visit your store so we can apply the financing to the remaining 70%, as long as the credit limit allows. However, this option is not available for online orders.
- You can access your online account by clicking on this link https://fairstone.ca/en/pos-financing/consumers.
- No, the retail financing division is separate from the Fairstone branches. If you need assistance, call 1-888-638-2274. You can also chat with our online agents at https://fairstone.ca/en/pos-financing/consumers.
- A questions and answers section is available on the Fairstone Financial website.