Financing Options

New Lots Furniture has helped thousands of customers for over 11 years. In today’s economic times, it has become more difficult for consumers to obtain financing. Consumers are finding that banks have tightened their lending standards and reduced their credit limits. In many cases consumers with good credit are being turned down.

We offer a lease/purchase programs to customers that currently cannot qualify for traditional financing. With over a 95% approval rate, our services have enabled customers to obtain financing and get furniture.

All of these applications can be done online OR in store. Please call us at (718)-257-6644 if you have any questions or concerns.
Option Qualifications Payment Plan Approval Amount Applications
1
  • Have you been employed – OR – Do you get Social Security or Disability Benefit?
  • Do you earn $1000/month and deposit at least $500/month into your checking account?
  • Has your active checking account been open for at least 3 months?
  • 12 months payment plan
  • 100 days – same as cash
 Up To $5,000 NO CREDIT REQUIRED
Application 1
2
  • Have you been employed – OR – Do you get Social Security or Disability Benefit?
  • Do you earn $1000/month and deposit at least $500/month into your checking account?
  • Has your active checking account been open for at least 3 months?
  • Do you have Debit/Credit card?
  • 12 months payment plan
  • 120 days – with only 5% fee of cash price
 Up To $4,000 NO CREDIT REQUIRED
Application 2
3
  • Do you have a three-month history with your current employer or source of income?
  • Do you deposit $1,000 or more into your checking account each month?
  • Have you had a checking account for at least 90 days?
  • Is your checking account free from NSFs, excessive overdrafts, and negative balances?
  • 12 months payment plan
  • 90 days – same as cash
 Up To $5,000 NO CREDIT REQUIRED
Application 3
4
  • Are you 18 years or older?
  • Do you have valid Social Security Number or ITIN?
  • Do you have active checking account?
  • Do you have Debit/Credit card?
  • 12 months lease to own
  • 90 days – Purchase Option
 Up To $5,000 LEASE TO OWN
Application 4
5
  • Have you been employed – OR – Do you get Social Security or Disability Benefit?
  • Do you have active checking account?
  • 12 months payment plan
  • 90 days – same as cash
 Up To $5,000 NO CREDIT REQUIRED
Application 5
6
  • Do you have Active and Stable Bank Account with corresponding Debit Card
    or a Pre-Paid* Card Account that has Direct Deposit?
  • Do you deposit at least $800/month into your account?
  • Do you have at least one dollar in your checking account?
  • Has your active account been open for at least 2 months?
  • 12 – 24 months payment plan
  • 90 days – same as cash
 Up To $5,000 NO CREDIT REQUIRED
Application 6
7
  • Have you been employed – OR – Do you get Social Security or Disability Benefit?
  • Do you earn $1000/month and deposit at least $500/month into your checking account?
  • Has your active checking account been open for at least 3 months?
  • You most have $40.00 Available on your Debit/Credit Card**
  • Credit Check will perform on the customer as a part of application process
  • 12-24 months payment plan
  • 90 days – same as cash
 Up To $5,000 WITH CREDIT CHECK
Application 7
8
  • Have you been employed by the same employer for at least 24 months?
  • Do you earn $2000/month or more?
  • Do you work for the city, MTA, Police Dept., Hospital, School Safety, Bank or any good job?
  • Credit Check will perform on the customer as a part of application process

For final approval you must provide most recent pay stub
  • 12-24-36 month payment plan
  • Early payoff option available
 Up to $6,000 WITH CREDIT CHECK
Application 8

In the event that we can’t verify the information from the Online application you must provide the following documents in order to complete the application:

  • 30 day bank statement
  • Valid state photo ID
  • Most recent proof of income.
  • Voided personal Check

Length of Employment & Income is verified by at least one of the following documents:

A. Current Paystub with YTD
B. Social Security or Disability Benefit Letter stating how long you’ve received benefits, and how much you receive
C. Letter from employer (on company letterhead) stating length of employment and gross YTD
D. If you are self employed, you must have a 1099 and current bank statement, OR a business license and 3 months of bank statement

**Please note that when applying there will be a $40 hold placed on your debit card which is refundable after 21 Days if the customer chooses not to proceed with financing. if the customer cancell the credit approverl the the $40 will refunded and customer will be abell to appley after 30 Days.
*Pre-Paid Accounts that are not accepted: Comerica, Direct Express, American Express, Blue Bird, HR Block.

In store Application only by Synchrony Financial.

Are you looking to make a new furniture purchase and want to avoid high interest rates?

Instead of paying hefty fees by charging your purchase on a credit card, save your money and apply today for New Lots Furniture financing program. We offer highly competitive financing plans by using one of the largest financing companies in the world, Synchrony Financial. Our current promotional terms include:

With a Purchase of $1,000.00 – $1,499.99
No Interest for 6 Months!

With a Purchase of $1,500.00 – $2,499.99
No Interest for 9 Months!

With a Purchase of $2,500.00 – $5,999.99
No Interest for 12 Months!

With a Purchase of $6,000.00 and above
No Interest for 24 Months!

Currently we’re able to process credit application in store only. Once your application has been approved you can start shopping immediately using our financing plan.

Terms & Conditions: Interest rates will be deferred for the specified promotional period listed above. Interest rates will continue to accumulate. If the entire purchase balance is not paid in full within the promotional period, finance charges will be subject to assessment. A monthly insurance premium may be necessary in some cases