Fast Online Renfi Reno Loans for Canadian Homeowners up to $150,000
Quick pre-approval and 72-hour funding for Renfi renovation loans in Canada, flexible terms and up to $150,000 to fund kitchen, bath or whole-home renos
Renfi renovation loan for Canadian homeowners
Renfi’s renovation loan is built for Canadian homeowners who need fast, straightforward financing for home renovation projects. With borrowing capacity of up to $150,000, Renfi covers small upgrades like a bathroom refresh through to whole-home renos that boost property value.
Because Renfi focuses on renovation loans, the product is designed around common Canadian needs—proof of income via secure online verification, use of your Social Insurance Number for identity checks, and service tailored to provincial rules from Ontario to British Columbia.
Fast online pre-approval and 72-hour funding
The application is fully online and takes only a few minutes; many applicants receive pre-approval within an hour and funds in as little as 72 hours after verification. That speed makes Renfi ideal for homeowners facing tight renovation schedules or contractor deadlines.
Renfi’s streamlined process removes in-person appraisals and long waits at the bank, so you can move quickly on materials, tradespeople and timelines. The platform also provides clear estimates of monthly interest so you can budget from day one.
Costs, terms and what to watch for
Renfi charges a 1% monthly interest rate on its 12-month renovation loans, which translates to straightforward monthly interest payments during the term. After 12 months you’ll need to refinance—either through Renfi again or with your primary mortgage lender—so plan for that step in your budget.
Keep in mind your home serves as collateral, so defaulting could jeopardize your property. There may also be legal or administrative fees not listed on the initial quote, so ask your Renfi specialist for a full cost breakdown before signing.
How to apply, eligibility and support
Applying is simple: submit the online form, list your renovation scope and contractor info, and verify income using Renfi’s encrypted verification tool. Renfi requires established home equity, employment proof, an active Canadian bank account and a valid Social Insurance Number for identity checks.
Customer support is available by phone and email, and loan specialists guide you through pre-approval, verification and the funding timeline. For many Canadian homeowners, Renfi’s balance of speed, clear terms and renovation focus makes it a practical choice to fund projects up to $150,000.