{"id":1019420,"date":"2023-06-26T13:19:37","date_gmt":"2023-06-26T17:19:37","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?p=1019420"},"modified":"2026-01-20T23:47:59","modified_gmt":"2026-01-21T04:47:59","slug":"iceberg-finance-review","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/car-loans\/iceberg-finance-review","title":{"rendered":"Iceberg Finance review"},"content":{"rendered":"
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\nRelated: <\/span>Bad credit car loans in Canada<\/a>\n<\/div>\n<\/article>

What is Iceberg Finance?<\/h3>

Iceberg Finance is a fintech company that offers alternative financing options. Its car loans are offered through auto dealerships, and this lender specializes in loans for people who don\u2019t have the good to excellent credit score needed to qualify for loans from traditional lenders.<\/p>

Iceberg Finance may be able to help you find financing even if your financial history hasn\u2019t been the best \u2013 for example, if your credit score has taken a hit in the past due to missed payments, your vehicle has been repossessed or you\u2019ve gone through a consumer proposal or bankruptcy.<\/p>

Is Iceberg Finance legitimate?<\/h3>

Iceberg Finance is based in Quebec, where it has been registered as a business since 2011.<\/p>

It is active on social media and has received more than 50 Google reviews.<\/p>

Iceberg Finance car loan features<\/h3>
Feature<\/th>Details<\/th><\/tr><\/thead>
Interest rate<\/td>12.99% - 31.99% <\/span><\/td><\/tr>
Loan amount<\/td>Up to $35,000<\/td><\/tr>
Loan term<\/td>12 - 84 months<\/td><\/tr><\/tbody><\/table>

What we like about Iceberg Finance<\/h3>
  • Non-prime financing.<\/strong> Iceberg Finance specializes in non-prime financing solutions, so your poor credit history doesn\u2019t have to stop you from getting a loan.<\/li>
  • Rebuild your credit.<\/strong> If you take out a car loan or personal loan with Iceberg Finance, your on-time payments will be reported to credit bureau Equifax each month. This can help you rebuild your credit score, which will help you qualify for a better interest rate if you need to apply for credit in the future.<\/li>
  • Wide range of income accepted.<\/strong> Iceberg Finance accepts employment and self-employment income as well as worker\u2019s compensation, parental benefits, child benefits, Old Age Security income and more.<\/li>
  • No down payment required.<\/strong> If you don\u2019t want to put down a deposit, Iceberg Finance offers access to no down payment auto financing for eligible borrowers.<\/li>
  • Not just auto loans.<\/strong> If you\u2019re searching for a personal loan, loans of up to $7,500 are available.<\/li><\/ul>

    What to watch out for<\/h3>
    • High interest rates.<\/strong> If you\u2019re considering an Iceberg Finance car loan, interest rates range from 12.99% to 31.99% depending on your credit score and financial situation. <\/li>
    • Not available everywhere.<\/strong> Iceberg Finance loans are not available in all provinces and territories, so check if they provide loans where you live before you apply.<\/li><\/ul>

      Alternatives to Iceberg Finance<\/h3>