Lender
Rating by Finanso®
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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.

Apply For Financeit

Advertiser Disclosure

Financeit offers a variety of loans tailored to meet the diverse needs of consumers and businesses. From home improvement loans to retail financing and vehicle financing, Financeit provides flexible options for individuals looking to make purchases easier. With loan amounts ranging from $500 to $100,000 and competitive interest rates ranging from 6.99% to 14.99%, Financeit ensures affordability while offering convenient repayment terms. 

How to apply for a Financeit loan

To apply for a Financeit loan, you'll need to go through a business that offers Financeit financing options. Once you've identified a Financeit-approved business, you can begin the application process. The business may assist you in applying for financing in person, guiding you through the application steps, or they may provide you with a private application link to apply on your own. This process ensures that you can access Financeit's financing options conveniently through trusted partners, whether you prefer assistance in person or prefer to apply independently online.

Conditions

  • Amortization Periods. Financeit offers flexible amortization periods ranging from as short as 12 months to as long as 20 years. This allows borrowers to choose a repayment schedule that best fits their financial situation and preferences.

  • Loan Range. Borrowers can apply for loans ranging from $500 to $100,000 through Financeit. This wide range accommodates various financing needs, whether it's a small home improvement project or a larger investment in business equipment.

  • Interest Rate. Financeit offers competitive interest rates on its loans, with rates typically ranging from 6.99% to 14.99%. The specific interest rate offered to each borrower may vary depending on factors such as creditworthiness, loan amount, and loan term.

Requirements

  • Automatic Setup. If you choose to set up your loan automatically by logging in with online banking, no additional documents are required. This streamlined process simplifies the application process, making it convenient for borrowers.

  • Alternate Setup. If you prefer not to log in with online banking, you'll need to provide a piece of government-issued photo ID and a void personal cheque to set up automated debit payments. This alternative method ensures secure payment processing without the need for online banking access.

  • Proof of Income. In some cases, Financeit may request proof of income to verify your ability to repay the loan. Providing proof of income helps Financeit assess your financial stability and determine your eligibility for financing options.

  • Credit Report Pre-Approval. Financeit pre-approves applicants based on their credit reports, so maintaining a good credit history is important for eligibility.

Reasons for rejection

  1. Insufficient Credit Score. If your credit score does not meet Financeit's minimum requirements, your loan application may be denied.

  2. Incomplete Documentation. Failure to provide all required documents, such as proof of income or identification, can lead to a denial of your loan application.

  3. High Debt-to-Income Ratio. If your monthly debt payments are too high compared to your income, Financeit may determine that you are at risk of defaulting on the loan and deny your application.

  4. Unstable Employment History. A history of frequent job changes or unemployment may raise concerns about your ability to repay the loan, resulting in a denial.

  5. Previous Loan Defaults. If you have a history of defaulting on loans or missing payments, Financeit may consider you a higher risk borrower and deny your loan application.

Additional resources

Sources

FAQ

How long does it take to get approved by Financeit?

Financeit strives to provide quick approval processes. Typically, applicants can expect to receive a decision on their loan application within a short period, often within a few business days.

How quickly funds can be received?

Once approved, funds from Financeit can be received promptly, usually within 2 business days. This quick turnaround time ensures that customers can access the funds they need promptly to make their purchases easier.

How trustworthy is Financeit?

Financeit is a trustworthy company that operates within regulatory guidelines. With its transparent processes, customer-friendly approach, and track record of providing financing solutions, Financeit has established itself as a reputable and reliable provider in the industry.

Does Financeit verify income?

Yes, Financeit may verify income as part of the loan application process. Verifying income helps Financeit assess the applicant's ability to repay the loan and ensures responsible lending practices.

Does Financeit hurt your credit score?

Applying for financing through Financeit may result in a hard inquiry on your credit report, which could temporarily lower your credit score. However, if you make timely payments on your Financeit loan, it can also have a positive impact on your credit score over time.

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Financeit
Personal loan
Rating by Finanso®
i

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.

Recommended FinScore™
0
300
650
1000
$500 - $100,000
Rate
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Effective interest rate on the product

up to 14.99%
Term
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Loan term for the financial product

up to 240 months
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