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Rating by Finanso®

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Financeit's application


How to apply

After creating a personal account the applicant should provide some personal details, which is needed for making a credit decision.

For the consumer the easiest way is to sign up with online banking. Than company's agents will receive all the necessary data from the bank. If the client does not want to do it, another option exists, where the applicant has the opportunity to provide a government-issued photo ID and a void personal cheque, which is needed for setting up automated debit payments. In some cases a proof of the applicant's income may also be required. The last step is to fill the electronic application form and wait for the credit approval or rejection.

An enterprise owner should at first become a partner of Financeit by providing an owner's ID, void cheque, and a photo of the enterprise. Also it is essential to collect some personal data from the client. The customer of the enterprise should provide some details including: first and last name, address, income rate and place of employment.


One of the main features of the company is that the budget of the purchase does not matter. However, Financeit has several requirements for potential customers, which they must match. These are:

  • be a Canadian resident;

  • Be at least 18 years old;

  • Have a valid bank account;

  • Have positive credit record.


Reasons for rejection

After receiving the application specialists of the company analyze a lot of factors. There are:

  • Size of the loan;

  • Type of the enterprise;

  • Customer's income;

  • Applicant's credit history.

The last factor is especially important. If the client has bad credit reports then the application may be declined.

How long are applications considered?

After receiving all the necessary documents and information specialists of the company will analyze it. The decision can be done almost immediately, in some cases it can take up to one business day.

How quickly funds can be received?

One of the most valuable features of the company is the opportunity to get quick financing. After the approval the borrowed funds will be transferred to the customer's bank account within 2 business days.

Calculate loan payments in Financeit

Financeit calculator will allow you to calculate an approximate payment schedule for the loan

Loan amount

Enter the desired loan amount

500 $
100000 $
Loan term

Specify the loan term for the calculation


What to pay attention to when applying for a loan from Financeit

  1. The company must have a license if it runs business in Alberta, British Columbia, Manitoba, Ontario and Quebec.
  2. You can check the availability of the relevant license (copy) at the branch of the lending company.
  3. Membership in a self-regulatory organization (SRO) is an additional guarantee of the reliability of the lending company. This information can also be checked at the company's branch or on its official website.
  4. Availability of lending policies.
  5. The procedure for applying for a loan.
  6. The procedure for concluding the loan agreement and receiving the payment schedule.
  7. Other conditions for granting loans.

We recommend

  1. To check out the interest rates and frequency. 
  2. Check the availability of individual terms in the loan agreement (principal amount, term, date of advance, etc.).
  3. Check whether the loan agreement contains information about the total cost of borrowing.
  4. Take time to think – you can change your mind before agreeing or signing a loan agreement.
  5. Speed of loan processing.
  6. Accessibility – alternative lenders often operate where there are no bank branches.
  7. For the borrower - high interest on the loan.
  8. For an investor, the safety of funds is not guaranteed by the state.

What distinguishes Financeit from banks:

  1. Simplicity - loan processing is less formalized than in a bank.
  2. Fast loan processing.
  3. Accessibility.
  4. For the borrower - high interest on the loan.
  5. For an investor, the safety of funds is not guaranteed by the state.
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