Fintech
Financeit Launches Direct Consumer Loan Program for Home Improvement Projects
Canadian Leader in Point of Sale Financing Finance launched its first direct-to-consumer personal lending program in the home improvement lending industry.
In response to the evolving needs of consumers, the Personal Loan program was created to help customers finance existing and unexpected home improvement projects, while also helping remodelers scale their projects, manage cash flow and gain greater flexibility.
The program offers personal loans to customers who have received a loan through the Financeit merchant network and gives them the opportunity to receive an additional loan paid directly into their bank account.
This new program is available exclusively through Financeit’s merchant network of 12,000 existing home improvement partners. Loans are available to existing customers up to $20,000 with flexible terms.
“Financeit is thrilled to launch this innovative new product based on the adaptive needs of Canadians. Our customers have been asking us for years for the ability to get a direct-to-consumer loan and we are thrilled to announce that this new program is available today to help people renovate their homes and provide financial flexibility in a challenging economy,” said Financeit CEO Casper Wong.
The launch of this product is one of several key milestones planned for 2024 in Financeit’s innovation journey as the company expands its offerings to borrowers and merchants.