How to Apply for Furniture Financing
La-Z-Boy Southeast | January 8, 2026
Applying for furniture financing typically takes 5-10 minutes and can be done online or in-store. You’ll provide basic information like your name, address, income, and Social Security number, and receive an instant decision about your approval and credit limit. Most furniture retailers offer interest-free financing options ranging from 6 to 72 months, depending on your credit score and purchase amount.
Understanding your financing options and the application process helps you make informed decisions about furnishing your home without financial stress.
The Furniture Financing Application Process
At La-Z-Boy Home Furnishings & Décor, approximately 25% of customers finance their furniture purchases. The application process is straightforward, whether you apply online or in person:
What You’ll Need:
- Government-issued ID
- Social Security number
- Proof of income (pay stubs or bank statements)
- Current address and contact information
The Timeline: Most applications receive instant approval decisions. You’ll immediately know your credit limit and available financing terms, allowing you to complete your purchase the same day.
Understanding Interest-Free Financing
Interest-free financing is the most popular option for furniture purchases, and for good reason—it’s essentially a free loan if you pay the balance before the promotional period ends.
How It Works: When you’re approved for interest-free financing, you receive a promotional credit card with 0% APR for a set period (commonly 12, 24, 36, or 48 months). If you pay off the full balance before this period ends, you pay zero interest. However, if a balance remains after the promotional period, you’ll be charged the standard APR (typically around 28%) on the remaining amount.
Smart Payment Strategy: Calculate your required monthly payment by dividing your total purchase by the number of interest-free months. For example, a $3,000 purchase with 36 months of 0% financing requires $83.34 per month. Set up automatic payments for this amount to ensure you pay no interest.
Important Rules:
- Use the card exclusively for your furniture purchase
- Don’t add other charges to avoid payment confusion
- Make payments on time to protect your promotional rate
- The Credit CARD Act requires you receive opportunities to pay off the balance before interest begins
Timing Your Application
For New Homeowners: If you’re buying a home, wait until after closing to apply for furniture financing. Applying beforehand can impact your mortgage approval by affecting your debt-to-income ratio and triggering hard credit inquiries.
After Closing: Apply soon after closing, before your new mortgage significantly impacts your credit score. This timing gives you the best chance of qualifying for favorable financing terms.
Improving Your Chances of Approval
Your credit score directly affects your financing options. Here’s how to strengthen your application:
Quick Credit Boosters:
- Pay down existing credit card balances to lower your credit utilization rate
- Review your credit report for errors and dispute any inaccuracies
- Keep existing credit accounts open to maintain your total available credit
- Make all bill payments on time in the months leading up to your application
A higher credit score typically unlocks longer interest-free periods and higher credit limits, giving you more flexibility in your purchase.
Is Furniture Financing Right for You?
Furniture financing makes sense when:
- You can comfortably afford the monthly payments
- You need furniture immediately but prefer to preserve cash for other expenses
- You have a steady income to maintain consistent payments
- You’re disciplined about making payments on time
Interest-free financing is particularly beneficial because it allows you to spread payments over time without paying extra—essentially giving your money more time to work for you elsewhere.
The Bottom Line: Furniture financing is a practical tool when used strategically. The key is understanding the terms, calculating your payments accurately, and committing to paying off the balance before interest charges begin. With proper planning, you can furnish your home comfortably while maintaining financial flexibility.
We’d be happy to answer the rest of your financing questions at any of our locations in NC, SC, and GA.
In search of some additional furniture buying tips before you complete your purchase? Check out these additional resources:
