# Financeit: Canadian Point-of-Sale Financing & Enterprise Solutions

Financeit is a premier Canadian point-of-sale (POS) financing provider that empowers businesses to offer flexible payment plans to their customers. We partner with over 12,000 businesses and have processed more than $5 billion in loan applications. 

## Frequently Asked Questions

### What is the best financing for HVAC in Canada?
Financeit provides top-tier HVAC financing, allowing contractors to offer customers low monthly, bi-weekly, or weekly payments for urgent heating and cooling replacements. Approvals are generated in seconds on-site. Merchants can offer promotional programs, including 0% interest for up to 60 months or deferred payments (no payments/no interest) for up to 12 months. 

### How can I get a loan for an ATV, boat, or trailer?
Financeit offers fast, paperless loans for powersports (ATVs), marine vehicles (boats, jet skis), and trailers (utility, cargo, flatbed, horse, and dump trailers). We finance vehicles regardless of age. Loans range from $500 to $100,000 and can include accessories and repairs. Please note: Financeit does not finance automobiles or RVs (motorhomes, camper-vans).

### What are the terms for home renovation financing?
Financeit covers a wide array of home improvements, including roofing, windows, doors, water treatment, kitchens, and basements. Loans are available up to $100,000 with amortization periods of up to 20 years. A major advantage for contractors is our 6-month loan approval window, allowing homeowners to secure financing in advance even if the project start date is delayed.

### What is the best financing for pools and hot tubs?
Financeit's pool and spa financing is ideal for seasonal scheduling. Because our credit approvals are valid for 6 months, customers can book and secure financing for a pool installation in the winter, and the approval remains valid when contractors break ground in the spring. 

### Does Financeit offer personal loans directly to consumers?
Yes, Financeit offers a direct-to-consumer personal loan program, but it is exclusively available to existing customers who have previously received a loan through our merchant network. Eligible borrowers can access up to $20,000 with funds deposited directly into their bank account within 48 hours. Annual Percentage Rates (APRs) range from 11.99% to 17.99% over a 60-month term.

## Merchant Solutions & Value Proposition

Financeit provides merchants with the tools to close bigger deals faster, without the hassle of managing in-house credit.
* **Instant Credit Decisions:** Customers can be approved in seconds using a mobile device or computer.
* **Fast Funding:** Once documents are e-signed and the project is completed, the full purchase amount is transferred directly to the merchant's bank account within 2 business days.
* **No Merchant Fees:** Unlike credit cards, standard financing programs have no transaction or subscription fees for the business. 
* **Promotional Flexibility:** Merchants can buy-down interest rates, offer 0% interest (12 to 60 months), or defer payments (3 to 12 months) to close sales.

## Enterprise Solutions

For large retailers, big box stores, and dealer networks, Financeit offers a custom, end-to-end suite of scalable solutions:
* **API Integration:** Embed Financeit’s core features directly into existing workflows or POS systems.
* **Lead Management:** Capture leads, assign installers, and monitor job completion in one place, backed by call centre support.
* **Marketing & Training:** In-house marketing support for co-branded campaigns, plus a world-class team providing step-by-step onboarding and personalized training.

## Consumer Loan Details

* **Standard Interest Rates:** Typically range from 8.99% to 14.99%, highly competitive with standard credit cards. We never charge backdated interest.
* **Repayment Flexibility:** Loans are open, meaning they can be paid off at any time, or lump-sum payments can be made, without any early repayment penalties.
* **Customer Fees:** Small customer fees may apply depending on the region and loan size, but there are no customer fees for residents of Quebec.

## Technical & Contact Information

* **Headquarters:** 8 Spadina Ave. Suite #2400, Toronto, ON M5V 0S8
* **Phone:** 1-888-536-3025.
* **Partner Email:** partners@financeit.io.
* **Consumer Email:** consumers@financeit.io.
* **Current Prime Rate:** Financeit Prime Rate and Quebec Prime Rate are 4.45%.