Consumer Financing in Toronto & GTA

home-improvement-loans

Your customers need flexible payment options for the planned improvements or unexpected repairs that come with owning a home:

  • HVAC repairs and upgrades
  • Home renovations
  • Flooring improvements
  • Roofing repairs
  • Hot tub, spa and pool installations
  • Security systems
  • Windows and doors

Imagine being able to reduce the impact of needing a $9,000 repair by telling your customers they only have to pay $133 a month.

You and your customers will love it. Sign up Today!

Contact Me or Apply Online

 

Top Reasons consumers will benefit from offering Consumer Financing

Budgeting Bliss – with consumer financing, payments are fixed for the term of the loan; making it easy to budget and know exactly how long before the loan will be paid off.

No Snowball Effect – When using a credit card for a purchase, interest is calculated on both the initial principal balance of the purchase, as well as any accumulated interest on a previous balance. This is like chasing a moving target, and one of the top reasons Canadian’s struggle with credit card debt. It’s essentially adding interest on top of interest, eventually it comes crashing down.

Escape the Penalty Box – With a consumer finance loan, there is no penalty if your customer pays off their loan early. So if circumstances change they are able to easily take advantage of an early payoff without repercussion.

Compete in the Rate Game – interest rates are at an all-time low, and your customers want to take advantage of this. What most people aren’t aware of is that consumer financing is comparable to those offered at major financial institutions, and lower than a credit card!

The bottom line is that sometimes you need more time to pay off more expensive items – by applying for a loan, you can have fixed payments, avoid costly interest rates and accrual, and even pay off your loan early.

Top Reasons merchants will benefit from offering Consumer Financing

We’ve talked about why consumer financing is an easy choice for the consumer, but you may be asking yourself – what about my stress? How is this going to make my life easier?

Get paid right away – When your customer applies for a loan, the merchant receives the funds almost immediately.

Affordability Now! – By promoting monthly payment amounts on your price tag, you’ve suddenly made your customers purchase attainable, this opens up the opportunity for the merchant to add additional products or services to the purchase. What may not have been affordable before – is affordable now!

Generate Repeat Business & Referrals – As a business owner you know the importance of building a returning customer base. By offering payment options that meet your customer’s needs you are both creating loyalty, and building trust.

Keep risk low – When you partner with a responsible lender, you are putting yourself and your customer in a low risk situation. Additionally, being able to offer optional insurance coverage to protect their financial resources and credit in the event that unexpected circumstances arise, is an additional service your customers will appreciate.