Iceberg Finance offers a variety of loans tailored to meet the diverse financial needs of its customers. Their lending products include car loans, designed to assist individuals in purchasing vehicles, and IF Xpress personal loans, offering financing options for various personal expenses such as home renovations or debt consolidation. With car loans providing amounts of up to $35,000 and IF Xpress personal loans ranging from $1,000 to $7,500, Iceberg Finance aims to provide flexible financing solutions to individuals with different credit profiles and financial situations. Whether you're in need of vehicle financing or seeking assistance with personal expenses, Iceberg Finance strives to offer competitive rates and flexible terms to help borrowers achieve their financial goals.
How to apply for a Iceberg Finance loan
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Visit a Participating Car Dealership. Iceberg Finance loans are available directly through car dealerships. When you're ready to purchase a vehicle, visit a dealership that works with Iceberg Finance to explore financing options.
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Provide Personal Information. You'll need to furnish some basic personal details, including your name, address, and contact information. This allows Iceberg Finance to process your loan application and communicate with you throughout the process.
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Present Identification. As part of the application process, you'll need to verify your identity. Typically, this involves providing a valid form of identification, such as a driver's license or passport. This helps ensure that you are who you claim to be and helps prevent identity theft.
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Verify Income. Iceberg Finance will also require proof of your income to assess your ability to repay the loan. This usually entails providing recent bank statements or pay stubs that demonstrate your earnings. By verifying your income, Iceberg Finance can determine the loan amount you qualify for and tailor the repayment terms accordingly.
Conditions
Car loans
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Interest Rate. Iceberg Finance offers car loans with interest rates ranging from 12.99% to 29.99%. The specific rate offered depends on factors such as the borrower's credit history and financial profile.
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Loan Amount. Borrowers can access car loans with amounts of up to $35,000. This provides flexibility to finance a wide range of vehicles, from economy cars to luxury models.
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Loan Term. Iceberg Finance offers loan terms ranging from 12 to 84 months. This allows borrowers to choose a repayment period that aligns with their budget and financial goals.
IF Xpress personal loans
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Loan Amount. IF Xpress personal loans are available in amounts ranging from $1,000 to $7,500. This enables borrowers to access financing for various personal expenses, such as home renovations, debt consolidation, or unexpected expenses.
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Interest Rates. The interest rates for IF Xpress personal loans range from 12.99% to 29.99%, depending on the borrower's credit risk. Individuals with stronger credit profiles may qualify for lower interest rates, while those with less-than-perfect credit may face higher rates.
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Financing Terms. Borrowers can choose financing terms between 24 and 60 months for IF Xpress personal loans. This allows for flexibility in repayment, with options to pay off the loan over a shorter or longer period, depending on individual financial circumstances.
Requirements
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Age. Be 18 years old or the age of majority in your province or territory. This ensures that borrowers have legal capacity to enter into a loan agreement.
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Employment. Have been employed for at least three months (or at least six months if self-employed). Stable employment demonstrates the borrower's ability to generate income and repay the loan.
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Bank Account. Have a Canadian bank account. A Canadian bank account is necessary for loan disbursement and repayment purposes.
Reasons for rejection
- Insufficient Income. Iceberg Finance may deny a loan application if the borrower's income is deemed inadequate to support the requested loan amount. Lenders typically assess an applicant's income to ensure they have the financial capacity to repay the loan.
- High Debt-to-Income Ratio. If your existing debt obligations consume a large portion of your income, Iceberg Finance may deny your loan application. A high debt-to-income ratio indicates that you may struggle to afford additional debt payments, increasing the risk of default.
- Lack of Employment Stability. Iceberg Finance may require borrowers to have a stable employment history to qualify for a loan. Applicants who have recently changed jobs or have a history of frequent job changes may be seen as less reliable and therefore may be denied a loan.
- Incomplete Documentation. Failure to provide all required documentation or inaccurate information on the loan application can lead to a denial. Iceberg Finance relies on accurate and complete information to assess borrowers' creditworthiness and make lending decisions.
Additional resources
- About Iceberg Finance
- Iceberg Finance Online Banking
- How to PayOff Iceberg Finance Debt
- Iceberg Finance Personal Loans for May 2025
- Iceberg Finance Customer Reviews
