The new personal loan program enhances buying
power and provides greater access to funds and flexibility for
existing Financeit customers.
TORONTO, July 22,
2024 /CNW/ - Today, Financeit, Canada's leading provider of point-of-sale
financing expands its offerings with its first direct-to-consumer
personal loan program in the home improvement lending space. The
program offers personal loans to customers who have received a loan
through the Financeit merchant network and provides them with the
opportunity to receive an additional loan paid directly into their
bank account. In response to the ever evolving needs of consumers,
the personal loan program was created to help valued customers fund
existing and unexpected home improvement projects, while helping
renovators expand their projects, manage cash flow, and gain more
flexibility.
This new program is available exclusively through the Financeit
merchant network which includes 12,000 existing home improvement
partners. The loans are available to existing customers for up to
$20,000 with flexible terms.
"Financeit is excited to launch this innovative new product
based on Canadian's adapting needs. Our customers have been asking
for the ability to get a direct to consumer loan for years from us
and we are thrilled to announce this new program is available today
to help people renovate their homes and provide financial
flexibility in a difficult economy," says Financeit CEO,
Casper Wong.
This product launch is one of several 2024 milestones expected
on Financeit's innovation roadmap, as the company expands their
offerings to borrowers and merchants.
About FinanceIt Canada Inc.
FinanceIt Canada Inc. is a
leading provider of point-of-sale financing solutions for the home
improvement, recreational vehicle, and retail sectors. Founded in
2011, the company offers flexible payment plans to enterprise
businesses, big box retailers, OEMs, and dealer networks,
supporting their projects and purchases. Financeit's cloud-based
technology empowers merchants to increase close rates and
transaction sizes through convenient payment plans while ensuring a
transparent and efficient loan application process that supports
merchant partners across Canada.
Financeit operates as a subsidiary of CommunityLend Holdings Inc.
For more information, visit www.financeit.io
SOURCE Financeit