Smarter Loans Inc. is not a lender. Smarter.loans is an independent comparison website that provides information on lending and financial companies in Canada. We work hard to give you the information you need to make smarter decisions about a financial company or product that you might be considering. We may receive compensation from companies that we work with for placement of their products or services on our site. While compensation arrangements may affect the order, position or placement of products & companies listed on our website, it does not influence our evaluation of those products. Please do not interpret the order in which products appear on Smarter Loans as an endorsement or recommendation from us. Our website does not feature every loan provider or financial product available in Canada. We try our best to bring you up-to-date, educational information to help you decide the best solution for your individual situation. The information and tools that we provide are free to you and should merely be used as guidance. You should always review the terms, fees, and conditions for any loan or financial product that you are considering.
Spring Financial provides Canadians with access to fair priced financial products. They offer a range of products including personal loans, mortgages and credit building.
Their unsecured personal loans application is quick, easy to fill out and every step of the process can be done online or over the phone – Spring Financial Phone Number Canada: 1-877 393 1516
Spring Financial loans range from $500 to $35,000, with interest rates from 9.99 – 46.96%. Once you are approved, then you can sign the loan documents right away. You can use the funds for whatever you want. All of their loans are open which means you can pay them back at any time with no extra fees or penalties.
Interest rate
18.99% – 46.96%
Amount
$500-35,000
Term
9 – 84 months
Who is eligible?
To apply with Spring Financial, you have to be the age of majority in your province, have a valid ID, and have some form of income.
Spring Financial does their best to get everyone approved. Once you apply, one of their associates will review your file and connect with you to complete your application and collect the necessary documents.
How fast can you get the money
Same day approval and funding
Funding method
Same day via e-transfer
How does repayment work
Bank payments, Bi-weekly, Semi-monthly or Monthly
Spring Financial is a leading financial technology company that’s been serving Canadians with fair financial products since 2014. Their mission is to democratize access to better credit with a suite of financial solutions that empower Canadians to build credit, save money, and borrow responsibly.
This company offers a variety of financial products, including personal loans, mortgages, and their signature credit-building products. They focus on providing unsecured personal loans that range from $500 to $35,000, with interest rates between 18.99% and 46.96%. One of the unique aspects of Spring Financial loans is that they are ‘open’ – allowing borrowers the flexibility to pay back the loan at any time without incurring extra fees or penalties.
To apply for a Spring Financial personal loan, the entire process can be conducted online or over the phone. This convenience, coupled with their quick approval process, sets Spring Financial apart as a flexible and efficient online lender. Once approved, loan documents can be signed immediately, and funds are generally accessible as early as the next day.
They goes beyond just your credit score when evaluating your personal loan application. They strive to approve as many applicants as possible by considering multiple factors such as current income and debt load. This inclusive approach to lending is part of what makes Spring Financial an appealing choice for many Canadians looking to build credit or merge their debt.
In addition to personal loans, Spring Financial also offers the Foundation Program, an innovative credit builder loan aimed to help Canadians build a positive credit history. This program, along with their credit-building products, has helped many Canadians enhance their credit scores and financial standing.
Customer service is a priority for Spring Financial. They offer multiple channels to contact customer support, including email, phone, and online chat. Their comprehensive and user-friendly website also features a blog with helpful financial advice.
With over $250 million in loans funded and helping more than 250,000 customers, Spring Financial has established itself as a significant player in the Canadian fintech landscape. Their commitment to providing fair and accessible financial products continues to earn them positive Spring Financial reviews from many satisfied customers.
Spring Financial provides a range of services tailored to meet the diverse financial needs of Canadians. Their primary focus is to provide unsecured loans and credit building products that can help individuals build or improve their credit score rating.
The company provides installment loans ranging from $500 to $35,000. The loan amounts offered are versatile, allowing individuals to tailor the loan to their specific financial needs. These loans have an interest rate from 18.99% to 46.96%, depending on various factors such as your credit report, current income, and existing debt. The company prides itself on offering a quick and easy online application process with the possibility of same-day funding once approved.
One standout service offered by Spring Financial is their Foundation Program, a unique credit builder loan product. This program helps Canadians build a positive credit history through timely payments, which are reported to the credit bureaus, thereby helping boost the individual’s credit score over time.
Spring Financial provides flexible repayment plans with options for bi weekly payments
or monthly payment, making it easy for borrowers to manage their bill payment schedules effectively. An added advantage is that their evergreen loan is open-ended, meaning you can pay off the loan early without incurring extra fees or penalties.
In addition to unsecured loans and credit building, Spring Financial also offers home equity loans, another alternative for homeowners who want to leverage the value of their property for financial needs.
Spring Financial’s services are designed to be accessible to as many Canadians as possible, including those with bad credit. The application process involves a comprehensive Spring Financial review of financial information rather than relying solely on credit scores. This includes examining bank statements and considering personal references, which allows Spring Financial to approve a wider range of applicants.
In the interest of transparency and customer support, Spring Financial provides a range of resources, such as their blog and customer service channels, to help borrowers understand their products better and make informed decisions.
Based on numerous Spring Financial reviews, it’s clear that their commitment to providing fair and accessible financial services, coupled with their unique credit building product, has resonated positively with many Canadians.
Applying for a Spring Financial loan involves a straightforward process designed to be as inclusive as possible. To ensure a smooth application, it’s important to understand the eligibility criteria and the documents required.
Spring Financial prides itself on its commitment to inclusivity. This is reflected in its loan approval process, which doesn’t focus solely on credit score. Whether you’re applying for a personal loan, an evergreen loan, or their credit builder loan, Spring Financial considers a range of factors beyond just your credit score. This makes their loans accessible to Canadians with bad credit or those seeking to build their credit score.
Spring Financial’s loan application process is entirely digital, meaning you’ll need to have the necessary documents in a digital format. Here’s a list of the documents generally required:
Remember that the specific documents required and the loan amount you may qualify for can vary based on individual circumstances. If you have any questions during the application process, the Spring Financial review team is always available to assist.
With this information at hand, you’re ready to start your journey towards financial spring with Spring Financial. Their services are designed to provide a fair, flexible, and supportive borrowing experience, whether you’re seeking to consolidate debt, cover an unexpected expense, or build a stronger credit score.
Spring Financial strives to make the repayment and issuance of its loan products as convenient and transparent as possible. Below, we outline the key processes and considerations for the loan amount, rates, and repayment of Spring Financial personal loans and the Evergreen loan.
Once your application has been approved, the process for the issuance of the loan is straightforward:
The rates on Spring Financial loans vary based on several factors:
Understanding your repayment terms is crucial to managing your Spring Financial loan effectively:
Spring Financial is dedicated to making loans accessible and manageable for all Canadians, regardless of their credit score. Their transparency and customer-first approach make them a reliable choice for your borrowing needs. Remember, borrowing responsibly and making timely payments can help improve your credit score over time.
When it comes to selecting a financial lender, the choice often revolves around trust, flexibility, and affordability. Spring Financial offers a host of benefits that make it stand out in the Canadian lending market. Here are the key advantages that come with a Spring Financial personal loan:
The process of obtaining a Spring Financial personal loan is seamless and user-friendly. Applications can be completed online or over the phone, saving you the time and hassle of traditional, paper-based applications.
Interest rates play a crucial role in the overall cost of a loan. Spring Financial offers competitive rates, making them an attractive choice for a personal loan.
The range of personal loans available from Spring Financial allows for a tailored borrowing experience. You can borrow anywhere from $500 to $35,000, depending on your specific financial needs.
Spring Financial provides open loans, meaning you can repay your personal loan early without incurring any additional fees or penalties.
With every timely payment, you can boost your credit score. Spring Financial supports responsible borrowing, providing a great opportunity for those seeking to build or repair their credit history.
It all went pretty well and was a pretty easy process
I'm happy with the program. I was able to achieve my goals!
They have really good phone support. Their agent explained everything and helped me get approved.
merci beaucoup
