Lowe’s shoppers checking out online or through the retailer’s app can now split big purchases into biweekly or monthly payments through Affirm, after the two companies announced a partnership on February 17, 2026 that puts installment financing directly at checkout instead of routing customers to a separate credit application.
How the Payments Actually Work
Every purchase made through Lowe’s website or mobile app is eligible for Affirm financing, subject to an individual eligibility check at checkout. Plans start at 0% APR for shoppers who qualify, with rates running as high as 36% APR depending on creditworthiness, according to the companies’ joint announcement. Shoppers get a real-time approval decision and see the total cost of the loan upfront, with no compounding interest, no late fees and no hidden charges regardless of whether they pick a short biweekly plan or a longer monthly one. The specific down payment and monthly amount shown at checkout vary by purchase size, term length and location.
Why Lowe’s Picked Affirm Specifically
Lowe’s already runs its own store card through MyLowe’s Rewards, so the Affirm deal is being framed as an addition rather than a replacement. “Affirm expands Lowe’s financial services portfolio, broadening the ways customers can pay in addition to our popular MyLowe’s Rewards Credit Card,” Lowe’s chief financial officer Brandon J. Sink said in the companies’ announcement. Affirm, in turn, gets prominent placement inside a major home improvement retailer’s checkout flow. “This partnership is about giving customers the flexibility to invest in their homes on terms that work for them,” said Wayne Pommen, Affirm’s chief revenue officer. Lowe’s joins roughly 478,000 merchants already running Affirm at checkout, the company said, and PYMNTS reported the deal is aimed squarely at larger online orders, the kind of big-ticket renovation purchases retailers have struggled to move without financing attached.
What to Check Before You Use It
The 0% offers are typically reserved for shoppers with strong credit, and a larger purchase run through Affirm without qualifying for the promotional rate can land anywhere up to that 36% ceiling, so it’s worth reading the exact terms shown at checkout rather than assuming every plan is interest-free. Hardware Retailing, a trade publication covering the home improvement industry, notes the option is meant to sit alongside Lowe’s existing financing rather than replace it, so shoppers comparing a kitchen remodel or a new appliance purchase now have more than one way to spread out the cost — as long as they compare what each option actually charges before checking the box.