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Finova Financial is transforming the FinTech industry as a socially responsible online lender, providing fast, affordable loans using your car as security.
Finova’s CLOC costs up to 50% less than the current national average, provides quick access to capital, and a 12-month payback plan where available.
Finova clients benefit from the ability to complete the loan process online, quick approval decisions and same day cash funding. The Finova client portal provides personalized access to our financial dashboard allowing real time management of your loan. Payments can be made from the convenience of computers, mobile devices, and at 32,000 US retail locations.
We will now provide example so you can see the cost of a typical loan. Assume you borrow $1,000 dollars at the maximum APR of 30% and you pay it back making payments on time.
In the above example, you will have paid $261.52 for your loan inclusive of fees payable to third parties. We will have collected an effective rate of 17% on the amount financed.
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