PayPlan by RBC™- Buy Now, Pay Over Time

Shop with confidence and manage your budget. Spread the cost of larger purchases over time with a PayPlan by RBC installment loan.

Select an installment loan plan that works for your budget
Available for purchases between $500 and $20,000, including taxes^. Some exclusions apply*
Rates as low as 0% APR^ for qualified applicants
Find out how much you qualify for in minutes
When shopping in-store, simply look for the PayPlan by RBC QR code and scan it to get started
When shopping online, choose PayPlan by RBC financing as your payment option at checkout

Apply now

Tip: make sure you apply using your mobile phone.

Benefits | How it works | FAQ | Terms & conditions

A family sitting on a sofa watching television.

Enjoy the benefits

Quick and easy

Go from browsing to buying using a simple application process - applying will not impact your credit score⁰.

Pay over time

Break down larger costs and select the repayment term that's best for you.

Transparent lending

No hidden fees or prepayment penalties.

How it works

Step 1

Complete your application for PayPlan by RBC. Results in minutes!

Step 2

Choose your plan, select your preferred term and corresponding rate from the options presented.

Step 3

Review and agree to the terms and conditions. Then add your funds to your mobile wallet and tap to pay at checkout in-store.

Step 4

Pay down your loan over time.

What is PayPlan by RBC?

PayPlan by RBC is a pay-over-time solution that helps you make purchases through equal monthly payments instead of an up-front lump sum. When you check out with PayPlan by RBC, you agree to accept the terms of taking an installment loan from RBC Ampli Inc., a wholly-owned subsidiary of Royal Bank of Canada.
Why buy with PayPlan by RBC?

Our goal is to make your purchases more manageable by allowing you to pay for your IKEA purchases in a way that fits your budget. PayPlan by RBC loans provides flexible and transparent lending options.
Does applying for PayPlan by RBC impact an applicant’s credit score?

Applying for a PayPlan by RBC loan only results in a soft inquiry (soft-credit check) and will not affect your credit score. Please note that, after your loan begins, RBC Ampli Inc. (which operates PayPlan by RBC) may report your monthly and final repayment status to credit reporting agencies, which may show up on your credit report and could impact your score.
After making a purchase using PayPlan by RBC, who does a customer contact with questions or help?

If you experience a problem with your PayPlan by RBC loan, you can contact the PayPlan Customer Relations Centre at 1-844-915-2211.

If you experience a problem with your IKEA product or service, you can contact IKEA.
What information or identification does an applicant need to complete the application?

An applicant must have a valid Canadian post-paid (e.g. monthly, bi-weekly, etc.) mobile phone plan and a valid email address so we can verify their identity. Prepaid phone plans cannot be used to apply.
Who is eligible to apply with PayPlan by RBC? / Am I eligible to apply with PayPlan by RBC?

PayPlan by RBC applicants must be Canadian residents and over the age of majority in their province/territory of residence (i.e., 18 in Alberta, Manitoba, Ontario, Prince Edward Island, Quebec, Saskatchewan; 19 in British Columbia, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Yukon Territory).

Applicants must also have a valid Canadian post-paid (e.g. monthly, bi-weekly, etc.) mobile phone plan and an email address so we can verify the applicants’ identity. Prepaid phone plans cannot be used to apply.

You are eligible to apply if you meet the above criteria.
How does checking out with PayPlan by RBC's virtual card work?

Simply load your approved loan funds onto your Apple or Google Wallet on your mobile phone and tap to pay at checkout! Your loan will only be for the amount you use at check out, and any remaining funds will not be included in your loan amount.

REMEMBER: You can only use the approved funds one time within 48 hours of loading them to your wallet. If you don't use the funds to make a purchase, the funds will be emptied from your mobile wallet and you will not have taken out a loan. If you want to use PayPlan by RBC to make a purchase in the future, you will need to re-apply.
How do I make a payment toward my PayPlan by RBC loan?

You can only make payments on your loan via Pre-Authorized Debit. You cannot make payments via credit card.

To make a payment online, visit members.rbcpayplan.com and enter the mobile phone number associated with your PayPlan by RBC account. Once logged in, you can view the details of your loan, make a one-time payment or set up recurring auto-payments.
Can the loan be used for all IKEA products/departments?

IKEA customers can use PayPlan by RBC to apply for an installment loan between $500 and $20,000 with terms ranging from 12 – 48 months for eligible IKEA products and services. PayPlan by RBC financing and installment loans are not available for IKEA Food products purchased at the IKEA Swedish Food Market, IKEA Restaurant, IKEA Bistro; IKEA gift cards; third-party services not billed by IKEA.

Terms & conditions

® / ™ Trademark(s) of Royal Bank of Canada. Used under license.

PayPlan by RBC financing is provided by RBC Ampli Inc., a wholly-owned subsidiary of Royal Bank of Canada.

*Loans are subject to application and approval. Rates vary depending on the amount borrowed and term selected and range from 0% to 9.99% APR. Approved applicants may select among 0% APR for a 12-month term regardless of the amount borrowed, or if qualified, may be eligible for 9.99% APR for 24-, 36- or 48-month terms depending on the amount borrowed. Example: On a $ 5,000 loan, a qualified applicant could pay $416.67 per month with a 12-month term at 0% APR OR $161.32 per month with a 36-month term at 9.99% APR. Additional terms and plan options may be available during promotional periods. Offers and plan options are subject to change/cancellation without notice.

**PayPlan by RBC financing and installment loans are not available for IKEA Food products purchased at the IKEA Swedish Food Market, IKEA Restaurant, IKEA Bistro; IKEA gift cards; third-party services not billed by IKEA.

⁰If your PayPlan by RBC installment loan application is accepted, once your loan’s term begins, RBC Ampli Inc. may report your loan and/or its monthly/final repayment status to credit reporting agencies, which may show up on your credit report and impact your score.