The invoice should not contain any loan details (for example, the loan amount or interest rate). Please see the vertical specific requirements below.
A Home Improvement invoice must contain the following information:
Customer Signature (if signature box is present)
Description of work being completed
- We will not accept any documents that say "Quote" or "Estimate"
- Any handwritten corrections, additions or omissions need to be initialed by the Borrower(s).
A Vehicle invoice or bill of sale must be provincially approved, and include the following information:
- Customer Name
- Customer Address
- Company Name
- Customer Signature (if signature box is present)
- Sales Person's Signature
- Business GST/HST
- Vehicle information: vehicle year, make and model (please ensure that the vehicle information on the Invoice matches the vehicle information entered into our system)
- Vehicle Trades
- Principal/Requested Amount
- Total KMs travelled (only for Auto loans)
Please email us at firstname.lastname@example.org if you have any questions about invoice requirements.
Payment information requirements
Void personal cheque
The cheque must be:
Pre-authorized debit (PAD) form
Accepted forms of photo ID
Current Canadian passport
Canadian Citizenship Card
Permanent Resident Card
Certificate of Indian Status issued by the Government of Canada
Provincial Government Photo Identification Card
LCBO BYID Card
Accepted Proof of Income (POI) types
If you are a regular full-time employee, you can submit a standard pay stub. The pay stub cannot be handwritten, or be a Payroll Online Deduction Calculator (PDOC), and it must include the following:
Note: The application assessment is based on regular hourly earnings. Borrowers with non-regular pay will need to provide a T4 or Notice of assessment to have those earnings considered.
T4 and Notice of Assessment
If a significant part of your income is based on non-regular pay (for example, bonuses or commission), you can submit your most recent T4 or Notice of Assessment. These should be submitted in addition to your pay stub.
If you are self-employed, you can submit your most recent Notice of Assessment (if applicable). Financeit assumes a 15% higher gross income in order to account for any business write-offs.
Note: If you are self-employed, pay stubs and T4s cannot be used in the assessment process.
If you are retired, or on permanent disability, you can submit bank statements for the three most recent months. Bank statements must show consistent deposits in each month.
Pension and Retirement Statements
If you are retired, you can submit pension or retirement statements for the three most recent months, or bank statements for the three most recent months, or T4As.