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- PayPlan by RBC: flexible 6, 12, 24, and 36 month plans with 0% interest for the first six months (limited time).
- Quick application: apply at checkout in a few clicks; applicants must be Canadian residents and of provincial age of majority; no RBC account needed.
- Credit and payments: applying triggers a soft inquiry only; repayments may be reported to credit bureaus; payments require a chequing or savings account.
Canadian PC builder Quoted Tech has launched a new financing option for those looking to finally get their hands on a PC.
The promotion runs through RBC’s PayPlan buy-now, pay-later financing service, which the company launched in 2021.
Here’s how it works: customers can apply directly at checkout in what is described as “just a few clicks.” PayPlan by RBC also offers no prepayment penalties, allowing customers to pay off their balance at any time.
There are also flexible monthly payment plans that allow customers to choose among 6-, 12-, 24-, and 36-month options. PayPlan also includes 0 per cent interest for the first six months on all products for a limited time. The loan is available for purchases between $300 and $10,000.
Quoted Tech also notes that customers don’t have to be existing RBC customers to use PayPlan. However, applicants must be Canadian residents and over the age of majority in their province/territory.
Interestingly, if you are concerned about financing a PC affecting your credit score, Quoted Tech states that applying for a PayPlan by RBC loan results in only a soft inquiry and won’t affect your score. Although after the loan begins, PayPlan by RBC may report your monthly and final repayment status to credit reporting agencies, which may affect your score. Payments also can’t be made using a credit card, and must be made using a chequing or savings account.
The website notes that this offer ends June 29.
Source: Quoted Tech
Image Credit: Quoted Tech
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