Does Walmart Have Layaway In 2022? (Your Complete Guide!)

Walmart sells more than just everyday items in its stores. The company also offers higher-ticket items such as TVs and furniture.

But what if you can’t afford the total purchase price for an item at Walmart? Layaway plans are something you may be wondering about. You might be curious as well, so continue reading to find out what I found!

Walmart has a Layaway Plan in Place for 2022

Walmart offers layaway from August 28- December 14 for purchases greater than $50, and installment payment plans through Affirm year-round as of 2022. Affirm offers payment plans that range from 3 to 24 months to purchase up to $2,000 through Affirm. Affirm’s APRs are between 0-30% depending on credit score and year.

Does Walmart Offer Layaway Payment Plans?

Walmart offers layaway payment plans for in-store purchases. Walmart Layaway only works during holidays, between August 28 and December 14.

However, there are some Walmarts that offer year-round layaway plans for jewelry.

You can ask any Walmart employee or store manager to confirm that your Walmart provides this service all year.

Walmart does not offer a year-round layaway, but it offers installment financing options through Affirm, which allows you to split your purchase into smaller monthly payments.

Walmart Layaway Available For All Purchases

Walmart Layaway cannot be used in-store. Walmart Layaway cannot be used for online shopping.

Affirm has installment plans which you can use for online shopping.

Walmart Layaway: What is the Work of Layaway?

Walmart has a simple layaway process that only involves a handful of steps.

When you’re done with your in-store shopping, please bring your items to our Customer Service Desk or the Layaway counter.

Walmart requests that you pay a 10% or $10 deposit to secure your order.

You may then pay layaway at any Walmart register where the item was purchased.

Additional information about Walmart Layaway includes the following:

How do you know if Layaway is available at Walmart?

You should be familiar with the following information before you sign up for Walmart Layaway. Let’s take a closer look at each of these:

Walmart Layaway starts on August 28th and ends December 14th, as previously mentioned.

Walmart requires that your last payment be made at the store where the item was purchased.

If you don’t follow this policy, your account will be canceled.

If you decide to cancel your Walmart Layaway account, the items are returned to inventory.

Also, your down payment and any payments made are refunded to you, minus a $10 cancellation fee.

You should also know that cancellation fees can vary between states so read carefully before you sign anything.

For Affirm financing and Walmart Layaway, you have to be at least 18

You must be over 18 to make payments and pick up your item.

Walmart’s generous 90 day return policy applies to all Affirm or layaway transactions.

Are There Exclusions to Walmart’s Layaway?

Walmart Layaway plans are not available to all customers. Some restrictions are:

Walmart: Layaway Options

You can place a large variety of products both on an Affirm installment or Walmart Layaway plan.

Walmart Layaway is available for certain product types, such as:

Check with your Walmart local for details on their Holiday Layaway Plan.

To find your Walmart store’s phone number, just type your zip code in the store locator (on Walmart.com).

After that, all information relevant to your Walmart store will be displayed.

Does Walmart Offer Installment Financing?

A partnership with Affirm means that Walmart provides installment financing to customers at all times of the year.

Installment financing can be used for both in-store purchases and online, with payments plans that range from three to 24 monthly.

You can apply online for installment financing through affirm.com/walmart, before making in-store purchases. Next, select your preferred payment plan. Finally, scan your single-use code at the register.

Affirm allows you to pay your bills online. If you are purchasing online, select “Affirm”, and submit a loan application to cover the cost of your purchase.

Moreover, some of the benefits of using Affirm include the following:

What’s the maximum time you can pay off Walmart loans?

Customers have the option to finance their purchases for three to 24 months, depending on their total purchase.

For example, customers have three, six, or 12 months to pay cart totals between $144-$799.99. Further, you have 12, 18, or 24 months to pay off cart totals between $800-$2,000.

Walmart charges an APR

Walmart APRs can vary from 10-30% to suit customers’ credit. Walmart occasionally offers a zero percent APR.

In any case, the Affirm app will show you your APR while you are shopping.

Walmart provides a payment plan for layaway, but it’s only available between August 28 and December 14. Walmart Layaway is available only for in store purchases.

Walmart has a partnership arrangement with Affirm that allows you to get installment financing for year-round purchases and online.

.Does Walmart Have Layaway In 2022? (Your Complete Guide!)