Financing, straight from Arctic.
Arctic finances its own customers, with no application fee. Pay over 3 to 10 years at 12.99% fixed, with your APR shown before you sign. Nothing down, and the equipment is yours from the day it is installed.
Straight from Arctic
Arctic finances its own customers, so you deal with one company from your quote to your final payment, and there is no application fee. Financing may be subject to a credit check.
12.99% fixed, for the whole term
The rate is fixed the day you sign and never moves. The annual percentage rate is a little higher, because it includes the one-time $215.60 PPSA registration fee. Your exact APR is shown with your payment before you sign.
Nothing down
No deposit. Your first payment comes out after your equipment is installed, not when you order it.
You own it from day one
This is a purchase, not a rental. The equipment is yours the day it is installed. Until it is paid off, Arctic holds a security interest in it, so it stays at your home, and if you sell the home first the balance is paid on closing.
Choose how long you pay over
A shorter term costs less in total. A longer one costs less each month. You pick, and you see exactly what each choice costs before you commit to any of them.
Your monthly payment, the amount financed including HST, the total of payments and the exact cost of borrowing are shown together on every product page, against that product’s real price, before you sign anything.
See the numbers on a real productHow it works
Pick your equipment and your term
Choose anything in the catalog, then pick how long you want to pay over, from 3 years up to 10.
See the full cost before you commit
Your monthly payment, the amount financed, the total of payments and the exact cost of borrowing are all shown together, before you sign anything.
Sign, then set up payments
You read and sign the credit agreement online, set up monthly pre-authorized debit, and complete a short online identity check. Nothing is charged that day.
We install it, then billing starts
We confirm your install once the identity check is done. Payments begin after your equipment is in, and the one-time PPSA registration fee is taken with the first one.
The details worth knowing before you sign
What happens if a payment bounces?
A returned payment is charged $35, and overdue amounts carry interest at 1.5% a month (18% a year, an effective annual rate of 19.56%). Call us before a payment is going to miss and we will work it out with you.
Does Arctic register anything against my home?
Arctic takes a security interest in the equipment and registers it under the Personal Property Security Act, which is standard for financed equipment. The registration is made against you as a person, using your name and date of birth, never as a lien on the title to your home, and Arctic discharges it once you have paid in full. If you have heard about NOSIs, Ontario banned those on consumer goods in 2024, and our guide to NOSIs, liens and HVAC contracts explains the difference.
Is HST included in what I finance?
Yes. HST is calculated on the purchase and included in the amount financed, so there is no separate tax bill to pay up front. You will see the amount financed stated including HST before you sign.
Do you finance every product?
Yes. Financing is available on everything Arctic sells, from a water heater to a full furnace and air conditioner replacement.
What if I would rather not own it at all?
Then rent it instead. Renting is fully serviced, repairs are covered, and the equipment becomes yours at year 15 anyway. Financing suits people who want to own it now and want the payments to end.
Financing is provided by Arctic Home Services directly. Full terms, including your exact cost of borrowing, are set out in the credit agreement you read and sign before anything is charged. Questions first? Call 1-833-ARCTIC1 (1-833-272-8421) and ask for a person.
Not sure financing is the right one?
Financing is the middle option. Renting costs nothing up front and covers repairs, but costs more over a long horizon. Buying outright costs least in total but asks for the whole amount today. Financing sits between them: nothing down, you own it immediately, and the payments end.
Compare all three side by side →Fine print
- A rental or a financed purchase may be subject to a credit check, as your agreement explains. Arctic finances its own customers directly, and there is no application fee. Arctic registers its security interest in the equipment under Ontario’s Personal Property Security Act, against you as a person, never against the title to your home. Credit checks, and what Arctic registers
- On a rental or Arctic Own, nothing is charged when you book: your first payment is taken after the equipment is installed, and HST applies. Buying outright is paid in full by card at checkout. When you are charged
- A returned payment is charged $35, and overdue amounts carry interest at 1.5% a month (18% a year, an effective annual rate of 19.56%). Call us before a payment is going to miss and we will work it out with you. If a payment is missed
The full terms are in our Terms of Use, and in the agreement you read before you sign.
Want the numbers for your home?
Tell us what you need and we will come back with all three ways to pay for it, no pressure.