Key facts about Spring Financial
- Loan type
- Installment loan
- Rate / cost disclosure
- 9.99% to 34.95% APR
- Maximum loan amount
- $35,000
- Typical loan term
- 6 to 84 months
- Funding speed (lender’s statement)
- Within about 24 hours (reported)
- Credit-check policy
- Yes — a credit check is part of the application
- How to apply
- Online or by phone
- Service type
- Online
- Provinces served
- Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island, Saskatchewan
- Head office / service area
- Vancouver, British Columbia
Is Spring Financial licensed?
Spring Financial does not offer payday loans, so it does not need a payday-lender licence. Its loans fall under the federal 35% APR limit, and some provinces (including British Columbia, Alberta, Manitoba and Quebec) require a separate high-cost credit licence or permit. Ask the lender for its licence in your province.
Registries change daily. Confirm the licence yourself before you borrow.
What stands out
- No branch visit required
- Wide range of loan sizes
- Lower starting rate for stronger credit
What to watch
- May offer a credit-builder product in place of a loan
- Top rates near the legal ceiling
- No in-person service
Who is Spring Financial?
Spring Financial lends entirely online and by phone from Vancouver. Personal loans range from $500 to $35,000 over six months to seven years. Applicants who do not qualify for a loan may be offered a credit-building product instead.
Who is Spring Financial suited to?
A sensible comparison point if you need a few thousand dollars and want everything handled remotely. Read any offer carefully: a credit-builder program is not a loan and will not put cash in your account.
What if a payment fails?
Missed payments can bring NSF fees and are reported to credit bureaus.
Sources
Editorial review completed November 14, 2026. Ratings are our opinion, not customer reviews — see the Editorial Policy.