Home Depot
Project Loan Interest Rate Turned Out to Be 23.99 Percent

We did a Project loan for our windows. They said our interest rate would be 8.99 if we qualified. I assumed that meant qualified for the loan, which we did, and they never sent anything with the interest rate. The place where you can pay doesn't give you your interest rate, so I assumed we had the 8.99 percent.

They were also running a special of 6 months no interest, no payments. I paid anyway. I had put 200 dollars down. Finally, the 6 months were up and the interest rate magically appeared on the online pay center: 23.99 percent!!! Not only that, but they charged us interest. We were completely lied to.

Never again will I use the Home Depot Project loan. My credit card from Home Depot had a 2 year no interest offer on it and it was high enough to pay for the project, and its interest rate is lower than 23.99. Had I known, I would have charged it on my card and could have paid it off in 2 years.

I am very upset and disappointed, but you live and you learn, and I am letting everyone else out there know to stay away from the project loans at Home Depot.

Company: Home Depot
Country: USA

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