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What We Do
 

CIT Bank provides private label consumer revolving credit and installment financing programs to manufacturers, dealers, distributors and retailers of consumer-related products and services with annual credit sales of $10 million or more.

Revolving Credit and Installment Programs

 

Our programs, which includes revolving credit and installment products, offers your customers a competitive rate, immediate approval, and a fast way to purchase your products.

We put our financial expertise to work serving a wide variety of industries and products, including home improvements, home products, luxury items, electronics, life events, music and medical services.

Primary products and programs include:


  • Private label consumer revolving credit and installment programs
  • Bank Affiliation Program, which originates and funds consumer loans on behalf of its partners
  • Portfolio acquisitions of small ticket consumer loan receivables

 

Private Label Program

Build Your Brand While Increasing Your Customers’ Buying Power

Whether you are a regional or national manufacturer, distributor – or simply a retailer with multiple locations who needs a powerful sales financing program – we can design a Private Label Program to your specifications. Program Features:

  • Application processing and funding - automated system for fast credit decisions, transaction processing and management
  • Technology - fast application data entry and credit decisions with simple funding at your store
  • Promotional payment options - CIT offers many promotional payment options that you can use individually or in combination to drive business, such as:
    • Same as cash options
    • Deferred payments
    • Equal payments
    • Effective marketing options
    • Billing statement messages
    • Point of sale materials
    • Customized credit cards
    • Acquisition mail programs
    • Custom monthly reports

Installment Loan Program


CIT Bank’s Installment Loan products offer competitive rates and a variety of terms, allowing your customers to pay for major purchases over a period of time – easily and affordably. Under the CIT brand, we offer our clients a single point of interface for:

  • Program design and marketing
  • Borrower inquiry and application
  • Loan origination and disbursement
  • Loan securitization
  • Loan servicing