Financial Services are now available in IKEA Canada stores nationally, as the renowned retailer aims to make home furnishings more accessible and convenient for Canadians. In keeping with the company's desire to create a better everyday life for the many, IKEA Canada is collaborating with Royal Bank of Canada (RBC) to launch PayPlan by RBC purchase-financing to its customers. This pay-over-time solution gives IKEA Canada's in-store customers access to simple and straightforward financing with no hidden fees?all from a trusted source.

This convenient and transparent financial service is now available at IKEA Canada locations across the country, with additional plans for online customers to be able to access PayPlan by RBC purchase-financing starting in June. With IKEA Financial Services, Canadians can enjoy well-designed, sustainable home furnishing solutions that make their homes work for them, on financial terms that suit their budget. PayPlan by RBC is a pay-over-time solution that offers IKEA Canada customers flexible payment options, with loan term lengths ranging from 12 to 48 months and annual percentage rates (APRs) as low as 0% or 9.99% 1, available on eligible purchases2 between $1,000 to $10,000.

Canadian residents over the age of majority in their province of residence are eligible to apply for a PayPlan by RBC installment loan and will receive an immediate decision following a soft credit bureau inquiry that doesn't affect their credit score.