FAQs - financing

The easiest way to apply is through us, at or after your renovation consultation. Once we've provided your detailed written estimate and you've decided how you'd like to proceed, we facilitate the Financeit application. The process is completed online and is designed to be quick, you don't need to navigate the application independently without support.
Financeit uses a soft credit inquiry for the initial application, which does not affect your credit score. A hard inquiry may occur if you proceed to a formal loan offer and accept terms, the same standard process that applies to any lending product. We recommend confirming the specific inquiry process with Financeit at the time of your application.
Financeit assesses applications across a range of credit profiles. They work with homeowners in a variety of financial situations and the approval criteria are applied on a case-by-case basis. We cannot guarantee approval or specific rates for any individual application, those determinations are made by Financeit based on your application. What we can tell you is that Financeit's home improvement lending products are accessible to a broader range of homeowners than many general lending products.
Financeit loan products typically allow early repayment. The specific terms, including any prepayment provisions, are disclosed as part of the loan agreement. We recommend reviewing the specific terms of any loan offer before accepting and asking Financeit directly about early repayment options if that's a consideration for your household.
Absolutely. Many homeowners use financing to cover a portion of the project investment and contribute cash savings for the remainder. This approach allows you to minimize the financed amount and therefore the interest cost, while still proceeding with the full renovation scope now rather than waiting until savings reach the complete project total. We structure the financing application for whatever portion of the project cost you'd like to finance.
Financeit loan repayment terms begin according to the loan agreement, typically shortly after loan disbursement, which occurs when the renovation project is underway. The specific commencement date is disclosed in the loan agreement. We recommend confirming the payment start date as part of your review of the loan terms before accepting.
Most renovation and construction services can be financed, including full home renovations, kitchens, bathrooms, basements, flooring, roofing, windows, and commercial spaces. Financing can cover part or all of your project, depending on your needs and approval.
Financing is typically available from $500 up to $100,000, depending on your project and credit approval. This range allows flexibility for both smaller upgrades and larger renovation projects.
After receiving your project estimate, we provide a secure online application link. The process is simple and can be completed on your computer or mobile device. Applications usually take only a few minutes to submit.
Many applications receive fast or instant decisions. In some cases, additional review may be required, but the process is generally quick to help avoid delays in starting your project.
You can choose from flexible payment plans, including monthly, bi-weekly, or weekly options. Payment schedules are designed to fit your budget and financial situation.
No, the financing process is designed to be transparent. All terms, rates, and payment details are clearly outlined during the application and approval process so you can make informed decisions.