Does The Home Depot Have Layaway? Answered

The Home Depot does not offer layaway, customer service representatives told us. However, The Home Depot does have other financing options that may work for you, such as The Home Depot Consumer Credit Card or a Home Depot project loan.

Layaway allows you to make a small down payment, followed by regular monthly payments. Once you’ve paid the item in full, you can take it home. Unlike using buy now, pay later financing plans or putting something on a credit card, there’s usually no interest or fees with layaway. Unfortunately, many major home improvement stores like The Home Depot, Lowe’s, Menards, and True Value do not offer this service.

Financing Options at The Home Depot

Whether you’re making an everyday purchase, starting a remodel project at home, or looking to open a credit card for business expenses, there are several financing options available to you through The Home Depot.

Everyday Purchases

The Home Depot Consumer Credit Card allows you to spread payments over six months with no interest when you spend at least $299. You must pay the full balance within the six-month period to avoid interest charges.

Other special promotions for this card often include up to 24 months of interest-free financing on qualifying purchases. Also, cardholders get hassle-free returns up to one year after purchase. You can find out if you pre-qualify (without hurting your credit score) on The Home Depot’s website. The store will do a hard credit check to determine ultimate approval — our article has more information about which credit bureau The Home Depot uses.

Project Loan

The Home Depot’s Project Loan credit card allows you to finance for a remodel or home improvement project. You have six months to purchase what you need and 84 months (seven years) to pay the full amount with a low fixed APR. If interested, you can fill out an application online.

Credit for Businesses

With a Home Depot commercial credit account, a business can keep track of who uses the card and what purchases are made. There are two types of Home Depot commercial accounts — a Commercial Revolving Charge card for the business itself and a Commercial Account card for each employee authorized to make purchases for the business. With a commercial credit account, cardholder perks include low monthly payments, fuel discounts at participating gas stations, and an interest-free period of 60 days. After the interest-free period, the APR ranges between 17% and 27%.

To apply for The Home Depot Commercial Revolving Charge card, you can fill out an application online. You will have the option to request multiple cards. See The Home Depot’s Commercial Credit FAQs for more information.

Other Home Improvement Stores With Financing

Other major home improvement stores like Lowe’s, Menards, and True Value offer financing options, but not layaway. However, there are some stores that sell tools, furniture, and home improvement items that do offer layaway, including:

  • Kmart
  • Sears
  • Furniture Mart
  • Walmart (during the holiday season)

For even more options, we list the stores that offer layaway (both online and in-store).