Samsung Financing is a digital lending platform which only TD bank account holders can access. It helps users to purchase the top-of-the-line and latest Samsung products in easy EMIs. However, having a Samsung account is essential to be eligible for this service.
This paperless financing service portal checks your credit score before you purchase any Samsung device. Samsung Financing restricts users with poor credit scores to buy electronic gadgets.
Hence, you must know their credit score requirements to avoid constraints when purchasing your dream Samsung device. Additionally, you must check all the criteria to qualify for the Samsung Financing service.
How much time does it take to approve your request? Well, it completely depends on your credit score. Your application will be approved quickly if you have a decent credit score. TD Bank might decline your request if your credit score doesn’t match their requirements.
Let’s check the credit score required to get qualified for Samsung Financing:
Credit Score Requirements for Samsung Financing:
Samsung Financing didn’t ever declare any official credit score to qualify for this program. They determine the credit score based on the Samsung device you want to purchase in instalments. Users must have a minimum credit score of around 640-700 to get approved for this scheme.
However, individuals who want to purchase new Samsung TVs or phones must have a 690 FICO score. Samsung Financing considers 690 as a good credit score. Look for other buy-now-pay-later services if you have a credit score of 500-600.
Samsung Financing doesn’t charge any interest fee if you pay the device amount within 12 or 18 months. Samsung users can also extend repayment time to 24 months. Buy the latest home appliances and laptops with zero-down payments only from Samsung Financing.
Criteria to Be Approved for Samsung Financing:
Samsung only accepts users with no default or credit score penalties for this buy-now-pay-later service. Additionally, TD Bank checks if you have delayed repaying the previous loans to the creditors. Customers with no or low income can’t apply for Samsung Financing to buy a new phone or other devices.
Here are the other criteria that you must check before applying for Samsung Financing:
- Only Samsung account holders who are 22 or above are qualified for this service.
- The customers must have the ability to repay the monthly instalment amount.
- Interested buyers must comply with all the TD Bank norms.
- Customers might have documents like payslips that support their monthly wage amount to the Financing partner.
Samsung Financing will cancel the instalment if you want to return the product for any reason. All purchases you made via this financing portal are governed under the Terms of Sale. Access the Samsung Shop to know the obligations and risks associated with it.
Do you know the best part about this Samsung financing program? It lets all consumers modify, substitute and cancel or add any terms of the plan.
However, you must tell them a valid reason to cancel your participation in the program. Samsung and the financing partners think that you might have fraudulently used the service if you cancel it without any reason.
Items that You Can Buy and Pay Later with Samsung Financing
Not all Samsung devices are qualified for this exclusive financing program. Hence, knowing which devices you can purchase is essential before applying for them. You can shop for high-end Samsung phones with Samsung Financing.
Do you want to buy a Samsung Galaxy S23 Ultra? There is no need to break the bank to buy this Qualcomm Snapdragon 8 Gen 2-powered phone. Use Samsung Financing to buy this phone and pay the price in monthly instalments.
Here are other Samsung phones that qualified for the Samsung Financing program:
- Samsung Galaxy Z Fold 4
- Galaxy S23 Ultra
- Galaxy Z Flip 4
- Samsung Galaxy S22 Ultra
- Samsung Galaxy S23+
- Galaxy A54 5G
What else Can you Buy with Samsung Financing?
You can buy Samsung’s new OLED and QLED 4K Smart TVs using the Samsung Financing service. Besides, this service is available for Crystal 4K UHD and Micro LED televisions. Customers with a Samsung account can also purchase the latest Neo OLED televisions with this program.
Can’t decide which Samsung TV to buy? Open the Samsung Financing site, go to “TV & Audio”, and select the “Help Me Choose” option. Go through the provided suggestions and choose the perfect TV for you. Here are the 4K and 8k Samsung TV sizes you can choose from:
- 85+ inch TVs
- 32+ inch TVs
- 65+ inch TVs
- 75+ inch TVs
- 43+ inch TVs
- 55+ inch TVs
Here are the other items you can buy now and pay later with Samsung Financing:
Projectors
You can buy any projectors with Samsung Financing. Is your old Samsung soundbar not working? Consider buying a new one by applying for this Samsung buy-now-pay-later service. Let’s see the types of home audio systems you can buy with this easy-to-use financing option:
- Q series premium soundbars
- Ultra slim soundbars
- Soundbars with subwoofer
- All-in-one soundbars
- Sound tower party audio systems
A wide variety of home appliances can be purchased with this Samsung program. Customers can buy any kitchen essentials, from dishwashers to wall ovens. Besides, you can buy exclusive Samsung refrigerators, microwaves, cooktops and even cooking ranges with this service.
Laundry Items
You can buy any washers and dryers with Samsung Financing. Besides, customers with a Samsung account can purchase Samsung AirDresser online. Samsung also offers washer and dryer sets for consumers across the world. If you are qualified for this program, you can order any set and pay them in easy instalments.
Vacuums & Air Purifiers
Do you need a new vacuum cleaner but don’t have the budget to buy it? Samsung Financing plan is absolutely the right choice for you. Book any Samsung vacuum from their online site or physical store and repay the amount every month.
Here is the list of Samsung vacuums you can buy with Samsung Financing:
- Discover vacuums
- Jet Stick vacuums
- Robot vacuums
Here are other Samsung devices you can buy with Samsung financing:
- OLED gaming monitors
- Tablet accessories
- Business monitors
- Buds accessories
- Interactive displays
- TV bezels
- The wall all-in-one displays
- Business TVs
- Refrigerator water filters
- Phone Accessories
- Business signage
- Wearable accessories
- TV stands and bezels
Samsung Financing – How Does it Work?
Knowing how Samsung Financing works is essential before booking exclusive gadgets. It will help you to apply for this buy-now-pay-later scheme without constraints. Here is how this advanced Samsung program works:
1. Apply for the Scheme
Open a web browser, write “Samsung Financing” in the search bar and hit the Enter button. Click “Apply Now” only if you are eligible for this scheme. Enter your Samsung account’s email address, or you can also sign in with your Google account.
Alternatively, you can tap on the Create Account option if you don’t have a Samsung account. Go through their terms and conditions, choose “All”, and click the Agree button. Enter a valid email address and generate a unique password for your Samsung account.
Re-enter the password, and enter your name and date of birth. Write your ZIP code and tap on the Next button to complete the process. Creating an account or applying for the Samsung Financing plan takes only a minute.
2. Repay the Product Amount
You will receive monthly billing statements with the product details. Pay the amount using your credit card from the Samsung Financing site or app. Check the due dates for your instalments and note them down on your phone. Ensure to make the monthly payments on time; otherwise, it might affect your credit score.
3. Continue using it for your Next Purchases
Samsung Financing doesn’t impose any restrictions regarding product purchases. You can buy several items using this Samsung program. Did you buy Samsung’s smart microwave recently with Samsung Financing? You can use it again for your next microwave and other appliances. So, keep shopping with Samsung Financing!
What Can You Do with a Samsung Financing Account?
You can perform a lot of things with a Samsung Financing account. Paying the monthly Samsung product bills seems more straightforward if you have an account. Additionally, you can view your account activity and the available credit. Samsung users can also check the available balance on their accounts.
