Just follow this process:
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Please fill in the Financeit Application Form by clicking the start now button. Please remember that your credit application can only be reviewed if submitted within not more than 24 hours of signing the agreement.
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Once the Application Form is submitted, you will receive an email from Financeit where it will be indicated if the loan has been approved or not.
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If approved, you will see the details of the loan; the amount approved, the monthly installment, term of the loan, amortization period, etc.
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If the loan is not approved, only Financeit will know the reasoning behind the decision made. Feel free to contact them for any inquiries regarding the reasoning for not approving the credit application.
FAQ'S
1. What type of loan will be granted to me?
The loan granted is a HOME RENOVATION LOAN. Only the registered homeowner on the title of the property can apply for this loan.
*** There will be a HOV – Home Ownership Verification task to be fulfilled by Financeit.
2. Will a coborrower be required?
In the event that you are not eligible for the full amount requested, a coborrower may be added. This person does not have to be registered in the title of the property.
3. What type of documentation is required?
Proof of income (last pay slip or latest T4) is required by both, the principal applicant and the coborrower if this is the case.
4. Where is the documentation to be sent?
The mentioned documental evidence is to be loaded within the Financeit Application; this is the link that you receive via email once you have filled in the form for the Loan Application.
5. Is it possible to pay off the loan at any moment?
Yes, the Home Renovation Loan via Financeit is an open loan. This means it may be paid off at any point in time and this decision will not come attached with any type of penalties.