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Kmart has been one of the nation's top retail stores for many years. This retail giant has a flexible layaway plan that can be used by customers with ease. One can use their layaway plan to purchase Video Games, clothes, electronics, toys, shoes, and other various items. Let's take a closer look at the Kmart layaway plan.

No Minimum Purchase

There is no minimum purchase required to place items on layaway. For example, one can easily place an item with a twenty five dollar value on layaway.

Length of Layaway Term

Layaway contracts at Kmart are eight weeks. A twelve week contract is available for items that total up to $300 dollars or more. Both options give customers time to come up with the cash to purchase their items. It is difficult to find a retailer that offers one a chance to store items away for this period of time.

Fees

A five dollar service fee is attached to an eight-week contract. A ten dollar service fee is attached to a twelve-week contract.

Payment Schedule

Customers are required to make a payment on their layaway every two weeks. One can make his or her payment online or in the store. Kmart accepts cash, credit cards, debit cards, and checks.

Missed Payments

A seven day grace period is given to anyone who misses a scheduled payment.

Cancellation

Customers are allowed to cancel their layaway plan at anytime. They are given a refund minus the service and cancellation fee. This policy is in place to help alleviate any worries or concerns customers may have about being heavily penalized if they change their mind about buying the merchandise in layaway.

Pick-Up

One can pick up his or her merchandise at the store once the final payment is made.

Kmart has been one of the most popular retail stores in the nation for many years. Customers have the opportunity to take advantage of their layaway plan. Kmart layaway has flexible terms that give everyone a chance to purchase their merchandise without causing any harm to their personal financial budget.

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