Financing!

A quality basement renovation should not have to wait. Through our trusted partner Financeit, one of Canada's leading home improvement financing providers, we offer flexible financing that makes your basement project possible today, whether you are finishing a recreational basement, building a legal apartment, or anything in between.

  • Available from $500 to $100,000
  • Fast approvals — apply at or after your consultation
  • Payment options: monthly, bi-weekly, or weekly
  • Promotional rates and deferred payments available on qualifying plans
  • Early repayment with no penalties on qualifying plans
  • Soft credit check for eligibility — no impact to your credit score

You can get an eligibility check and pre-approval without affecting your credit score. All complete financing applications are subject to credit approval and Financeit's terms and conditions.

📞 Call Us · 📧 Email Us · 💻 Apply Online

Financeit — Our Financing Partner!
Applying for renovation financing through Maple Leaf Basement is straightforward, most homeowners are approved and ready to move forward within the same consultation.

Step 1 — Request a Quote: Contact our team to discuss your basement project and receive a detailed, itemized estimate based on your specific needs and goals.

Step 2 — Apply Online: We provide a secure Financeit application link, completed quickly from your computer or mobile device.

Step 3 — Get Approved: Many applications receive fast or instant decisions, helping you move forward without delays.

Step 4 — Start Your Project: Once approved, we finalize project details and begin construction according to the agreed schedule.

Step 5 — Make Easy Payments: Payments are made directly to Financeit based on your selected repayment plan — monthly, bi-weekly, or weekly.
Financing Rates — Prime and Subprime!
PRIME — No Equity Renovation Financing!

For homeowners with good credit who want unsecured renovation financing without using their home equity:

  • Loan amount: $1,000 to $100,000
  • Amortization: up to 180 months (15 years)
  • No income verification required for amounts under $40,000
  • No home verification required for amounts under $15,000
  • Interest rates: 8.99% to 12.99%
  • Open loan — repay early without penalty on qualifying plans
  • Instant decision at point of application
  • Low-interest promotional options available on qualifying projects
  • Deferred payment options available on qualifying projects

SUBPRIME — No Equity Renovation Financing!

For homeowners with limited or challenged credit history who still need renovation financing:

  • Loan amount: $1,000 to $30,000
  • Amortization: up to 180 months
  • Interest rates starting at 9.99%
  • Credit scores as low as 500 Beacon accepted
  • Open loan
  • Instant decision at point of application
  • Deferred payment options available
Secured Personal Loan — Options 1, 2 and 3!
Option 1 — Secured Personal Loan

For homeowners who want a secured financing product at a competitive rate:

  • Loan amount: $4,000 to $40,000
  • Interest rate: 8.99% plus fees
  • Minimum 595 Beacon credit score or qualified co-signer
  • 120-month amortization
  • Open loan — early repayment without penalty
  • Up to 85% loan to value
  • No appraisal required
  • No legal fees required
  • Income verification may be required in some cases
  • Approved in 1 business day and funded within 2 business days

Option 2 — Secured Personal Loan

For homeowners who want a longer interest-free period before payments begin:

  • Loan amount: up to $60,000
  • No interest and no payments for the first 12 months
  • Up to 75% loan to value
  • Approved in 1 business day and funded within 2 business days

Option 3 — Secured Personal Loan

For larger basement renovation scopes requiring higher loan amounts:

  • Loan amount: $40,000 to $75,000
  • 180-month amortization (15 years)
  • Minimum 625 Beacon credit score or qualified co-signer
  • Interest rate: 8.99% plus fees
  • 80% loan to value for homes valued under $1 million; 75% LTV for homes over $1 million
  • Drive-by appraisal may be required at cost of lending institution
  • Approved in 1 business day and funded within 2 business days
Other Financing Options!
Every basement renovation investment can be structured in the way that works best for your financial situation. Here are the most common financing approaches GTA homeowners use:

  • Financeit Renovation Financing — flexible financing from $500 to $100,000 through our trusted partner, fast approvals, monthly, bi-weekly, or weekly payment options with no hidden fees
  • Cash — pay the full project cost upfront from savings, no interest cost, no monthly payment obligation
  • Personal Loan — fixed monthly payments over a set term, predictable and straightforward, no home equity required
  • Unsecured Line of Credit — flexible borrowing up to an approved limit, no collateral required, interest charged only on the amount drawn
  • Secured Line of Credit (HELOC) — borrow against your home equity at lower interest rates than unsecured products, flexible repayment structure
  • Mortgage Refinancing — roll renovation costs into your mortgage at mortgage rates, lowest available interest rate but longer repayment term
  • Combination — many homeowners use a mix of two or more options, cash for a portion and financing for the remainder, to minimize interest cost while preserving liquidity

Not sure which approach fits your situation? We discuss all financing options during your consultation and can facilitate a Financeit application from $500 to $100,000.
Basement Projects Eligible for Financing!
Financing is available for every basement renovation scope we complete, from a single bathroom addition to a complete legal basement apartment:

  • Legal basement apartment — full design, permit, and construction including separate entrance
  • Below-grade and separate entrance construction
  • Basement finishing — family room, home office, gym, game room, home theatre
  • Basement bedroom addition with egress window
  • Basement bathroom — powder room, three-piece, four-piece
  • Basement bar — wet bar, dry bar, fully equipped entertainment bar
  • Basement underpinning for ceiling height
  • Basement waterproofing
  • Basement gym — flooring, ventilation, mirrors
  • Basement kitchen or kitchenette
  • Basement fireplace — gas or electric
  • Framing, drywall, flooring, and finishing
  • Plumbing, electrical and HVAC — all licensed trade scopes
Why Choose Financing!
Financing your basement renovation through Maple Leaf Basement and Financeit is not just a payment option, it is a smarter way to invest in your home without depleting your savings or compromising your scope.

  • Start Your Project Sooner — begin your basement renovation now without waiting years to save the full amount. Enjoy the functionality and value of your upgraded space from day one
  • Add Value to Your Property — a well-planned, properly executed basement renovation delivers measurable long-term value in the GTA real estate market. Every month you wait is a month that value is not working for you
  • Rental Income Starts Sooner — a legal basement apartment generating $2,000 per month produces $24,000 annually, often exceeding total financing interest before savings would have reached the project total
  • Manageable Payments — spread the cost into predictable monthly, bi-weekly, or weekly payments that fit comfortably within your household budget
  • Simple and Transparent Process — we guide you through every step of the Financeit application, from estimate to approval to project start
Financing vs. Saving!
Financing your basement renovation now means your project gets done immediately, quality of life improves from day one, property value increases right away, and in the case of a legal basement suite, rental income begins the month your tenant moves in.

  • Renovate immediately — comfort, functionality, and value improvements begin from day one
  • Property value captured now — every month you wait is a month that increase is not working for you
  • Rental income starts sooner — a legal suite generating $2,000 per month often covers the full financing payment, making the suite self-financing from the first tenant
  • Cash reserves preserved — savings stay available for emergencies, no single large capital outlay that depletes liquidity
  • Predictable payments — a structured repayment schedule fits your budget rather than disrupting it

Waiting means years of living with an unfinished or underperforming basement while construction costs continue to rise. The financially sound choice is moving forward on your terms.
Sample Financing Scenarios!
The following scenarios illustrate how financing allows GTA homeowners to complete meaningful basement renovations on a payment structure that fits their monthly budget. Actual loan amounts, rates, and payments are determined by Financeit based on the individual application.

  • Basement powder room addition — $10,000 — approximately $180 to $230 per month over 5 years
  • Basement three-piece bathroom — $22,000 — approximately $390 to $480 per month over 5 years
  • Basement finishing, recreational space, 900 sq ft — $55,000 — approximately $950 to $1,150 per month over 5 years
  • Basement home office with separate entrance — $65,000 — approximately $1,100 to $1,350 per month over 5 years
  • Legal basement apartment, standard conditions — $110,000 — approximately $1,800 to $2,200 per month over 5 years
  • Legal basement apartment, with underpinning — $160,000 — approximately $2,600 to $3,200 per month over 5 years
  • Basement underpinning only — $40,000 — approximately $700 to $850 per month over 5 years
  • Separate entrance construction only — $15,000 — approximately $270 to $330 per month over 5 years

Illustrative monthly payments are approximate estimates for a 5-year loan term only. Actual payment amounts depend on the approved loan amount, the interest rate offered by Financeit based on your application, and the repayment term selected. Bi-weekly and weekly payment options are also available.

FAQs - financing

All Maple Leaf Basement renovation scopes are eligible for financing through Financeit. Regular basement finishing, legal basement apartment construction, design and permit management, below-grade entrance construction, bathroom additions, wet bars, home theatres, and any combination of the above. The $500–$100,000 financing range covers the full spectrum of basement renovation investments available through our team.
Financeit uses a soft credit inquiry for the initial eligibility check, which does not affect your credit score. A hard inquiry may occur if you proceed to accept a formal loan offer. At Maple Leaf Basement, we facilitate the application process and support you through any questions, the application itself takes only minutes to complete online.
Many Financeit applications receive a fast or instant decision, often same-day or next-day. At Maple Leaf Basement, we facilitate the financing application at or after your renovation consultation and support you through any questions that arise during the process. Fast approval means your project can move into scheduling and construction start without unnecessary delays.
Financeit loan products typically allow early repayment on qualifying plans without penalties. Review the specific terms of any loan offer carefully and confirm early repayment provisions directly with Financeit before accepting. At Maple Leaf Basement, we encourage every client to fully understand their loan terms before committing, and we are happy to help you navigate the process.
Yes, many Maple Leaf Basement clients finance a portion of the project cost and contribute personal savings for the remainder. We structure the financing application for whatever portion of the total cost you would like to finance, from $500 to $100,000. Combining financing with savings is a common and practical approach that keeps monthly payments manageable while moving your renovation forward.
Financeit assesses applications across a range of credit profiles, from strong to moderate credit history. At Maple Leaf Basement, we cannot guarantee approval or predict specific rates, as those determinations are made entirely by Financeit based on your individual application. We encourage every client to apply and let Financeit assess eligibility directly, the application is free and the initial check does not affect your credit score.
Financeit loan repayment typically begins shortly after loan disbursement, which occurs when the Maple Leaf Basement renovation project is underway. Confirm the specific payment start date in your loan agreement before accepting to ensure it aligns with your household budget and cash flow expectations. Bi-weekly and weekly payment options are also available in addition to standard monthly plans.
No, none whatsoever. All terms, rates, and fees are fully disclosed in the Financeit loan agreement before you accept any offer. There are no costs to apply and Maple Leaf Basement does not charge any fees for facilitating the financing application. What you see in the loan agreement is what you pay — complete transparency from application through final payment.
Yes, financing is available regardless of your intended use for the finished space. For revenue-generating legal basement apartments, the financial case for financing is particularly compelling. Rental income from a well-finished GTA legal suite can offset or exceed your monthly financing payment from the very first month of tenancy, making the renovation effectively self-funding from day one.
At Maple Leaf Basement, we work with every client to find a practical path forward. If your approved financing amount is less than the full project cost, we discuss options including adjusting the scope to fit the approved amount, combining financing with personal savings, or phasing the project in stages. No client situation is the same, we find the approach that moves your renovation forward within your financial parameters.

Get Estimate

Ready to get started? Whether you have a clear vision for your basement or are just beginning to explore what is possible, the team at Maple Leaf Basement is here to help. Reach out today, the conversation costs nothing.

What to Expect After You Contact Us:
  • We respond within one business day — no long waits, no chasing
  • We schedule a free in-person consultation — a thorough site assessment at your property, at no cost and no obligation
  • Honest professional advice — we tell you exactly what is possible, what it costs, and what the process looks like
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