Personal Loans

Sony Financing: What to Know About Your Payment Options

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If you’re prepared to make a Sony electronics purchase but don’t have the cash on hand to checkout, you might consider financing. Using financing options advertised by Sony, or more traditional methods like a personal loan, allows you to spread out your costs over months. Click below to learn more.

  1. Synchrony HOME Credit Card
  2. 12- or 24-month lease financing program
  3. Personal loan
  4. 0% introductory APR credit card
  5. Paycheck advance

1. Synchrony HOME Credit Card

Synchrony Bank® offers consumer financing for electronics, appliances, home furnishings and more, and Sony® is among the brands the company cites on its website. It offers the Synchrony HOME Credit Card — a dedicated credit line for purchases such as electronics. Its features include:

  • $0 annual fee
  • 2% cashback rewards on purchases under $299 and 6-month promotional financing on purchases over $299 (after, the APR is 29.99% Variable)

How to apply

To apply, you’ll need your:

  • Social Security number
  • Home address
  • Monthly net income
  • Initial purchase amount

You’ll also need to provide additional information if you have a joint applicant. Once you receive your Synchrony HOME Credit Card, you can use it to shop at partner retailers that sell Sony products. You can view and pay your balance online or through its mobile app.

2. 12- or 24-month lease financing program

If you’re purchasing select Sony Professional® products, including camcorders, projectors and monitors, you can apply for financing through Sony Leasing® — a DLL® program. The program offers a 0% promotional APR for 12 or 24 months on qualifying purchases for eligible borrowers, but we couldn’t find information on the APR after this period.

You can review the list of items eligible for the 12-month and 24-month lease program. Your complete credit package is normally assessed within 24 to 48 hours for orders up to $250,000.

How to apply

To apply, fill out a credit application and fax it to DLL at 800-566-4221. You’ll need to provide the following information for the application:

  • Vendor name and address
  • Company name and address
  • Date the business started
  • Business structure
  • Dun & Bradstreet rating
  • Principal owner’s name and Social Security number
  • Bank references
  • Equipment information
  • Payment information

3. Personal loan

When you take out a personal loan, there generally aren’t any stipulations on how you can use the funds, as long as it’s not for illegal activities. So if you need money for a Sony purchase, this could be an option.


The rate you could receive would depend on your credit score. According to Q1 2019 personal loan data, borrowers with a credit score of 720+ see an average APR of 7.25%. Borrowers on the other end of the scale, with credit scores of less than 560, see an average APR of 136.50%.

Because subprime borrowers are typically quoted such high interest rates for personal loans, this financial product typically isn’t a good idea if you have a low credit score. That said, there are options for subprime borrowers if you have bad credit and need a loan.

A personal loan is unsecured debt, so you don’t have to provide any collateral to back the loan. That means that your credit score will take on more importance when a lender is deciding how much to lend you and at what interest rate.


A personal loan will have a set length. If you make the minimum payments every month until the end of the term, you’ll have paid off the loan. If you opt for a shorter term, you’ll have higher monthly payments. You can lower your monthly payments by choosing a longer term, but that means you’ll pay more in interest over the life of the loan.


The lowest amount you’ll likely be able to borrow is $1,000. For smaller purchases, you might consider using a credit card or line of credit.

How to apply

If you’re curious about how to get a personal loan, here are some steps you’ll likely follow:

  • Shop for lenders online
  • Compare loan terms
  • Provide personal information, such as income and employment history
  • Apply for the loan, which will have a hard credit check that impacts your credit
  • Wait for approval and funds to be disbursed

4. 0% introductory APR credit card

If you have strong credit, another option is to get a credit card with an introductory 0% APR. With this strategy, you wouldn’t pay interest on purchases made with the card during the introductory period.

Be sure to repay your balance before the end of the promotional period, however, because the APR could make a considerable jump after that. Statistics from CompareCards, a LendingTree company, show the average APR for a new credit card offer is 20.49%, but ultimately your offered APR would depend on your creditworthiness.

After the promotional period, some cards charge deferred interest on purchases that have not been paid off, which means you’ll owe interest from the date of your purchase, not on the date the promotional period expired.

How to apply

To apply for a 0% introductory APR credit card, here’s what you’ll likely have to do:

  • Compare 0% introductory APR cards online
  • Review annual fees, promotional period length and the APR range you’ll qualify for after the introductory period ends
  • Ensure your limit will be high enough to make your purchase
  • Provide personal information such as income verification
  • Undergo a hard credit inquiry once you apply to the card of your choice

5. Paycheck advance

If you have bad credit and don’t qualify for the solutions above, an alternative is to approach your employer about a paycheck advance.

Not every employer will offer an advance on your paycheck, but this could be an alternative to a payday loan if your employer does.

If you qualify, your employer will advance you the money and deduct the payment for the principal, plus any interest or fees, from your future paychecks. You should be able to inquire about whether your employer offers this option through your HR department.

How to apply

Every employer will have different requirements for a paycheck advance. Here’s what you should do if you’re thinking about getting a paycheck advance:

  • Confirm your employer offers paycheck advances
  • Compare the rates against other financing options
  • Check for monthly fees that could be associated with a paycheck advance program

There are many options for getting the Sony financing you need, but it’s important to assess each one carefully to weigh the pros and cons so you can come to a solid decision for your own personal finances.

Specials are accurate as of date of publishing.


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