Laptops are essential for jobs, study, or other sectors these days. You can easily purchase them with payment plans. However, most payment plans require you to have a good credit score. Here I am gonna explain who offers the best laptop payment plan no credit check that will let you own a computer with low payments and could even improve your credit score.
There are several ways you can purchase a laptop with bad credit. You can take out a personal loan, lease one, go with the rent-to-own option, or use credit from a retailer who sells laptops.
Following are a few providers, loan providers, or marketplaces that will let you take a laptop with a payment plan but won’t require a credit check.
- 10 Best Laptop Payment Plan No Credit Check Provider 2023
- 1. Amazon
- 2. Luther Sales
- 3. BestBuy
- 4. FlexShopper
- 5. MoneyMutual
- 6. CashUSA
- 7. CreditLoan
- 8. PersonalLoans
- 9. BadCreditLoans
- 10. Laptops Direct
- Can I finance a laptop with bad credit
- Where can I finance a laptop with no credit
- How Does Laptop Financing Work?
- Can I buy a laptop in installments
- Does HP have payment plans?
- Can I Finance A Macbook With Low Credit?
- Final Verdict
10 Best Laptop Payment Plan No Credit Check Provider 2023
Amazon is known in the whole world as the most extensive online store. You can find anything from electronics to fashion, kitchenware, furniture, and so on.
This online store allows its customers to get a laptop on installment. And, they won’t look at your past mistakes.
These no-interest plans are for 12 months, so if you pay the total price of the installment within twelve months, there won’t be any interest. After that, you will need to pay interest, which will be charged from your account.
The product you want to buy has to be totaling $599 or more. After you select the laptop you want to buy from the check, select the Buy Now pay later option. If you don’t see the Buy now and pay later option, that means you’ll need to have an Amazon gift card. Apply for the store card here.
2. Luther Sales
Luther Sales is one of the old and trustworthy stores. They both have online and offline stores. They have a program, ‘Notebook Computer Financing’, which lets you purchase a laptop on installment, and your credit score doesn’t matter.
Luther Sales offers the top brand product on their websites. So, you can find the laptop from top laptop providers, including Apple, Lenovo, Dell, and Hp.
The payment plans are flexible, and you can adjust them depending on your interest.
There will be a small interest with each monthly or weekly payment. A large deposit can decrease the interest rate and payments.
To get a laptop on Luther Sell, first, you need to open an account on Luther Sales Online. Then, choose the pay monthly laptops no credit check option from the laptops category. This will lead you to laptops that are currently on installment.
You can get a laptop with this program. You won’t be required to provide credit details as it doesn’t check credit scores.
You will need the ‘My Best Buy Credit Card’ to get anything from Best Buy. With it, you will be able to take advantage of various deferred interest financing offers.
There are also different and flexible financing plans from BestBuy. You can thoroughly apply for the Best Buy credit card within a few minutes. The flexible plans start with a standard of 12 months.
The company provides a lease to own a product, and within 13 months, you can buy the item.
Applying for an installment plan is similar to BestBuy. The online store also has a shopping assistant, which will lead you to the shopping process.
The company offers up to $2,500 installment. As you log in to your account, with the help of personal assistance, you will be able to find the macbook air payment plan no credit check.
Select the ‘Buy now, Pay later’ option from the checking out option if you find a suitable Laptop payment plan for students.
Money Mutual isn’t a product marketplace instead of a marketplace for loans. If you can’t find your favorite laptops from the marketplace installments options, you can just take a loan from a place like MoneyMutual and purchase the product you want.
Then, through monthly payments, you will be able to pay for the money. But, the issue is, the interest rate is much higher here.
Anyways, when you are applying for loans at MoneyMutual, you start with a simple form, which will take five minutes to complete. After that, MoneyMutual will send it to lenders who have similar requirements as your situation.
You will get a reply on whether you will be able to get the loan or not within a few minutes. And, if you are approved, the money will be directly sent to your bank account within 24 hours.
- Provide short-term loans up to $5,000.
- Best online marketplace for lenders.
- The simple application process, won’t take more than five minutes.
- Has a huge customer base of 2 million people.
CashUSA is suitable for large loans. You can get up to a $10,000 loan from them, but a laptop won’t cost you that much.
The interest rate on this network varies quite a lot depending on your situation, amount, credit score, annual income, and lender. It can be from 5.99% to 35.99%. The loan period also varies from 3 months to 72 months.
Although your credit score plays a role in the interest rate, you won’t be rejected because of this sole reason. Your annual income and loan amount also impact the approval.
- Get loans from $500 to $10,000.
- First loan decision within minutes.
- Money directly sent to the applicant’s bank account.
- The money can be spent for any purpose.
CreditLoan it’s another online loan provider, which is especially for people with bad credit. You can get small loans from $250 to $5000 from them. This amount is enough for you to purchase a laptop.
You can improve your credit score here. If you make monthly payments on time, your credit situation will improve little by little.
The loan terms and interest rate varies depending on the lenders. You can take a loan for up to 72 months.
Your credit score isn’t the most important thing for loan approval. You can easily pass for approval if you have a good monthly income.
- Get loans from $250 to $5,000.
- Fund directly deposit to your bank account.
- Money can be received within 24 hours.
- Offers loans even to bad credit.
PersonalLoans.com, as the name suggests, provides personal loans to people. You can get up to $35,000 from the website. But, this much isn’t necessary to purchase a laptop. You can take a $500 loan from them.
The best thing about this lender network is, they are more transparent than others. It has rules for the lender to provide full details on APR, cash loan refinance terms, and other terms before signing up. So, you will be able to find the best loan terms among the lenders.
- Get loans from $500 to $35,000.
- Has a large lender network.
- Quick loan response.
- Loans can be used for any purpose.
BadCreditLoans.com has the same purpose as the previous lender networks, providing loans to people who need them. But, this network is solely focused on people with bad credit.
You can get loans from $500 to $10,000, which will let you purchase a laptop payment plan no credit check.
But, the APR would be on the higher side as they are dealing with more risky situations.
The APR range can be from 5.99% – to 35.99%; there would be hardly any loan with less than a 10% interest rate.
So, if you borrow $2,000 for 12 months on 19.99% APR (this rate is pretty common), your monthly payments would be $184. Your total repayment will be $2,204.
- Get loans from $500 to $10,000.
- Direct connection to the lender.
- Simple application process and quick response.
- If approved, money will go directly to your bank account as fast as possible.
10. Laptops Direct
Laptops Direct is a physical store that offers flexible installment plans. If you don’t have enough money and a good credit score, you can visit their store and apply for an installment. Although they will check your credit score, you will be able to get approved even if you have bad credit.
But, you will need to have a good monthly income to prove that you will be able to afford monthly payments. They have a huge range of items in their store, and you can take anything on installment above £99.
The application process is simple and won’t take long. The cost can be spread up to 48 months with a 19.9% APR.
Can I finance a laptop with bad credit
Yes, laptop finance is available even if you have a bad credit score. As you require less money, there aren’t many restrictions like home mortgages or bad credit car loans.
But, you will be required to pay a high-interest rate compared to one that has a good APR. So, if your credit score is relatively low, it is recommended not to take large loans. Here’s an estimated interest rate for different credit scores.
|Credit Score||FICO Score||Estimated APR|
|Bad||300 – 579||28% – 32%|
|Fair||580 – 669||17% – 19%|
|Good||670 – 759||13% – 15%|
|Excellent||760 – 850||10% – 12%|
Financing expenses for someone with a bad credit history might be substantial, so consider if it’s worth it to pay those extra fees before committing to a loan. A credit check and the financing charges are generally justified if it helps you obtain jobs and maybe work from home.
And, as we’ve demonstrated, if you have a poor credit score, a personal loan isn’t your sole choice for making regular payments. You may also enter into a lease signing agreement that lets you lease a laptop for a few months before deciding whether to buy it early or make timely payments until you own it.
Where can I finance a laptop with no credit
There are several places you can go to finance a laptop with no credit. Above I mentioned ten places where they offer laptops on installment and don’t prioritize credit scores. But, I would recommend choosing marketplaces like Amazon, BestBuy, or so on first.
Because that marketplace won’t charge large interest rates, some even have interest-free options. On the other hand, if you go for personal loans, the interest rate can go up to 39.99% depending on your credit score and lending amount.
Anyways, if you don’t have any other options, you have to go with the option. Also, some brands (Apple, HP, Dell) have their own ‘Buy Now, Pay Later option. You can also take advantage of them. But, remember, they have limited stocks. So, mostly this option will not be available.
How Does Laptop Financing Work?
A personal loan is simple to obtain. Apply for a loan via the lender networks I mentioned above. These lenders specialize in assisting customers with bad credit obtain a loan term that they can live with.
Another alternative is to buy a laptop from a store and finance it through the vendor. However, this might be far more costly than a personal loan.
When lease costs are added to the initial price, leasing a $1,000 computer for a year may cost you double that amount. Borrowing $2,000 for a year on a personal loan at a 20% interest rate costs just roughly $200 in interest.
Store direct laptop financing, such as that provided by Flexshopper, eliminates the need for a loan and allows the computer to be paid for directly through the seller’s finance department.
Store financing also includes a weekly payment option, which can help make a computer more reasonable. Payments are made over time, and when the computer is paid off, it is entirely yours.
After a month or so of leasing, some options allow you to buy the computer entirely for the original price. This can save you a significant amount of money on lease charges.
Some programs allow you to purchase a computer using their in-house credit scheme. Wards charge its credit customers an APR ranging from 5.75 percent to 25.99 percent, depending on their credit score.
You might use this financing like a credit card, paying more than the lowest monthly amount due on time and aiming to pay it off as soon as possible.
Can I buy a laptop in installments
Yes, you can buy a laptop in installments. Several retailers offer installment loans, which you need to repay on scheduled payments over a certain period, which can last from three months to two years.
With a downpayment, you own the laptop and pay the total price to the retailers through monthly payments. Of course, you will be charged a little extra as interest. The interest depends on various factors, like the retailer, your credit score, the product’s price, and the period of the installment plan.
As I said, various retailers offer gaming laptop payment plan no credit check. You can get installment loans from popular marketplaces, such as Amazon, eBay, BestBuy. Also, brands offer laptops on installment.
Does HP have payment plans?
Yes, HP Laptop payment plan. It offers a Bill Me Later payment option similar to ‘Buy Now Pay Later. This feature is provided by CyberSource, which is a payment process company. This feature is similar to your credit card and will charge you monthly payments on selected HP purchases.
But, you will require a good credit score to get an installment loan from HP. You won’t be charged any interest if you can pay the money within 24 months. After that, there will be huge interest fees with monthly payments.
Here’s how you apply for installment –
- Visit the HP website.
- Select the product(s) you are interested in purchasing. Click ‘Add to Cart.
- Select ‘Bill Me Later’ as the payment method. Payment methods are located in the ‘Order Summary’ area on the right hand of the screen.
- Complete the account and shipping information screens.
- Select the ‘Bill Me Later option. Click ‘Submit Order.
- Complete the ‘Bill Me Later’ form. Read and accept the ‘Terms and Conditions. A ‘Bill Me Later’ account will be created if credit is approved and orders will be shipped. If credit is not instantly approved, a notice with the decision will be received in the mail.
Can I Finance A Macbook With Low Credit?
All of the financing alternatives we’ve listed, with the exception of one, allow you to finance an Apple computer. Wards do not sell or lease Apple computers, although Best Buy and FlexShopper do. Instead, it offers financing for nine other computer companies but not Apple.
The Apple Card is Apple’s in-house financing option, and it accepts only applicants with good or exceptional credit.
A personal loan has the advantage of being usable for nearly any purpose. This means you may receive a personal loan from any of the networks listed above, then go to your local Apple shop and choose the computer of your dreams.
You’ll subsequently make monthly payments to the lender that granted the loan, and your credit score will rise as a result.
Unlike Home Mortgage or car loan, Laptop financing isn’t so complicated for people with low credit. And some several retailers and marketplaces offer installments without checking credit scores.
Moreover, you can also take a small personal loan from different lender networks at a slightly higher interest rate. There are also options like lease programs and a retailer’s credit programs.
So, you will be able to purchase a laptop payment plan no credit check. Anyways, just be aware of the interest rates and terms. In some places, you may end up paying a double price.