Financing Available

Financeit is a market-leading payments solution that allows you to apply for affordable monthly payment plans for your large purchases (like a beautiful new bike for yourself or to outfit the whole family). Financeit’s fast and easy application process, competitive rates and flexible plan options help you turn your desires into reality.

Why Financeit?

Flexible payments on your terms - Payment plans can be as short as 12 months and can extend for up to 15 years, meaning monthly debits are more affordable for those big projects. Plus, you can always change course. Our loans are completely open, so you can pay off the balance at any time with no penalties.

Competitive rates and fair programs - We pride ourselves on being transparent with our customers. Our rates are lower than the interest rates on most credit cards and our contracts don’t include sneaky terms or hidden fees.

Best-in-class customer service - We send advance notice by email when payments are due and we’re always available to answer your questions, either over email or on the phone.

Instant credit decisions and secure applications - Unlike with other types of loans, you’ll know within seconds whether you qualify for credit and how much you’re eligible to borrow. Our quick, efficient process mean no hassles or wasted time.

For additional privacy, you can apply for financing directly with a unique link sent to you by your service provider. We use bank-level encryption and your merchant won’t be able to see your personal details.

How does it work?

  1. Apply - Apply for financing with an authorized contractor, dealer or retailer. For additional privacy, they can send you a unique application link where you’ll be able to submit your documents and information directly. 
  2. Get an instant decision - Within seconds, you’ll get a credit decision, the maximum amount you can borrow and your confirmed interest rate.
  3. Make payments - Upload a photo of a void cheque to set up pre-authorized debit payments. Make additional payments any time without penalty.

Frequently asked questions

Financeit is fair, open and transparent. There are no hidden fees or sneaky payment terms and you’ll know upfront if your program carries a small cost. Our program costs cap at 1% of the purchase price, to a maximum of $199.

Financeit is only available at authorized dealers. If you are making a purchase with a business that offers Financeit, you can apply in person or ask for a private application link so you can apply on your own, on any device.

Our interest rates vary depending on the size and type of the loan and generally range between 6.99% and 12.99% – lower than the rates of most credit cards. Your service provider may also offer promotional programs, such as 0% interest for 12 months. We never charge backdated interest, so you’ll never be surprised!

You’ll need government-issued photo ID (such as a driver’s license), a void personal cheque to set up automated debit payments and you might need to provide proof of income.

We pre-approve our applicants instantly based on their credit reports. If your application is declined, there are other steps you can take, such as adding a co-borrower, that may help you get approved. Proof of income might be required.
We take your privacy very seriously. Our system uses best-in-class encryption and we take every step to ensure that your data is protected. More information can be found in our Privacy Policy

Once you’ve been approved and your monthly or bi-weekly payment amounts are set, automatic payments will debit from your account. If you wish to make a lump sum payment or pay off your balance in full, please contact our service centre. There are no penalties or fees for early repayment.

Depending on the size and type of the loan, amortization periods can be a short as 12 months or as long as 15 years.