Frequently Asked Questions

What types of products/services does iFinance Canada cover?

All types of products and services. If you are not sure, just call (1‑888‑689‑98761‑888‑689‑9876) and ask!

Does it cost me anything to apply for financing or seek approval?

No. You can apply for financing or seek approval - there is no cost.

Can I repay before the end of the term?

Yes, there is no penalty for repayment. You can repay at any time.

How soon can I get approval for financing?

You can obtain approval for financing almost immediately.

Can I borrow a portion of the amount of the product/service?

Yes, iFinance Canada will pay directly to your service provider whatever portion you would like to borrow, be it the total cost of the product or a portion.

Do I have to put down a deposit to borrow?

No. It is up to you if you would like to pay your service provider a deposit. iFinance Canada will finance the total cost of the product including your deposit, if required.

What if the service provider I am purchasing products from is not registered with iFinance Canada?

Simply inform iFinance Canada. iFinance Canada will contact your service provider to inform them of our services and provide them with the option to register with us.

What if I have not chosen a service provider, can I get pre-approved for financing?

Yes, iFinance Canada will pre-approve your financing before you have chosen a service provider.

Can I have more than one loan with iFinance Canada?

Yes. Each loan financed must go through the same application process to determine the ability to repay.

How long may I finance the product/service?

The term can range from 6 months, 1 year, 2 years, 3 years, 4 years, 5 years or 6 years.

If I do not have credit history can I apply with a co-signer?

Yes, you can have a co-signer whose credit history would achieve an approval and would be willing to assume liability.