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Rating by Finanso®

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Spring Financial


About lender

Fresh Start Finance has been rebranded to Spring Financial. It is a reliable company that provides fair-priced financial products. These modern instruments allow the clients to start or restart a journey to improve their financial stability. The products provided by Spring Financial can be used to gain access to the credit to save money – all you need is a computer or any other mobile device. The instruments are designed to build credit and drastically improve the financial situation. In short, the company makes financial products that allow to solve temporary problems in a blink of an eye.


Spring Financial (former Fresh Start Finance) has the following features:

  • The entire application process can be made online.

  • In most cases, the Interac e-Transfer system is applied to make transactions in both directions.

  • Mostly, the funds are received the same day the application has been approved.

  • The company provides stable tools for paying bills and consolidating credit.

  • The loan range is between $1,000-$15,000.

  • Repayment is performed with bi-weekly, weekly, semi-monthly or monthly payments.

  • Any client is provided with the possibility to pay off the load any time without any commission or hidden fees.


The company can offer numerous advantages:

  • Simple money solutions to help any client to borrow and build credit from credit bureaus – customers are able to save a lot of money;

  • Applicants with bad credit history are eligible for receiving a loan;

  • Access to premium credit products;

  • The ability to save nearly $750 over a year;

  • Simplified credit approval process.

Spring Financial (former Fresh Start Finance) can help you pay off bills and avoid fees from other financial institutions.

Financial products

There are 4 products that Spring Financial can offer. These are:

  1. The Foundation. This is the basic program where you can grow your credit. A client will be also to save $750 in 12 months. The credit is built-in autopilot mode. In most cases, success is guaranteed. This program is the first step to improving your financial health. All you have to do is to sign up for The Foundation, which is available for everyone regardless of credit history and monthly income. After that small payments must be made for 1 year. This program is the step to gain the access to Evergreen Loan which is also a product, offered by Spring Fianncial (former Fresh Start Finance). It can be provided even if have bad credit and a negative credit score rating.

  2. Evergreen Loan. The essence of this program is very simple – you take a pre approved loan and get a reward for improving your credit. If you were successful with the Foundation program you will access the possibility to take $1,500 in Spring Financial (former Fresh Start Finance) loans. And once you have paid it off you can have another $1,500 and so on. Remember to check the interest rates.

  3. Personal Loan. This option provides customers with the opportunity to get the loan amount up to $15,000. The process is easy and stress-free. The online application procedure of a personal loan usually takes a couple of minutes. The company offers personal loans from $500 to $15,000. There will be no face-to-face meeting or other bureaucratic issues. You can spend the received money on anything you want and build your credit. The funds are sent via the e-Transfer system. This is a great opportunity to pay bills or consolidate another debt.

  4. Mortgage. If you are ready to buy a house or utilize current home equity, Spring Financial can help via a personal loan. You can use this money to buy real estate or consolidate the current debt. You can have a line of credit and mortgage combo if need to follow a more flexible scenario.

All programs and personal loans presented can help to solve your financial problems. Make sure you have read all the instructions prior to signing the Agreement. The debt repayments conditions and interest rates will be sent to the client by the company.

Loan terms

Many people consider putting money into an RRSP the smartest thing that can be done with finances. But before making a decision is it definitely worth taking into consideration the conditions of making this kind of a deal. Every program that has been created by Spring Financial (former Fresh Start Finance) has its own condition.

The overall term for personal loans which are true in most cases:

  • The amount of money you can get: $1,000-$15,000;

  • Repayment period: 1-12 months – you can pay off the debt in 1 month without any additional fees and commissions;

  • Interest rates: 18.99%-400% which depend on the amount of money that will be taken. Keep in mind that interest rates may vary. For additional information contact the company's funding manager.

The Evergreen Loan amount is a $1,500 with the 18.99% interest rate. This is the only charge – you will pay $44.34 on a bi-weekly basis. If you miss a payment you will have to pay an additional $30 fee. The maximum term of credit is 18 months. This is an extra personal loan that allows borrowers to make extra payments without any extra fees and penalties.

Once you have completed 12 months of the Foundation program credit you will have $750 in savings and that would mean that you have qualified for the Evergreen Loan program. A personal loan has other terms.

There are also mortgage solutions for any clients that want to buy real estate or utilize home equity. This opportunity will be useful for those who are ready to own a home or to consolidate debt. There is also a so-called mortgage combo solution that will allow you to increase your credit line with every mortgage payment you make.

Terms for the first loan

The terms for the first loan are the same as for a repeat one. The interest rate will be 18.99%. The interest rate could be higher for various products.

Methods of a loan granting

When the procedure of payday loans application is done, the funds transaction will performed via the e-Transfer system. You can also have the credit money within 2-3 days via EFT.

Company documents

Terms and Conditions
Privacy Policy

We’re building financial products guaranteed to help you succeed.

© Spring Financial Inc.

Calculate loan payments in Spring Financial

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What to pay attention to when applying for a loan from Spring Financial

  1. The company must have a license if it runs business in Alberta, British Columbia, Manitoba, Ontario and Quebec.
  2. You can check the availability of the relevant license (copy) at the branch of the lending company.
  3. Membership in a self-regulatory organization (SRO) is an additional guarantee of the reliability of the lending company. This information can also be checked at the company's branch or on its official website.
  4. Availability of lending policies.
  5. The procedure for applying for a loan.
  6. The procedure for concluding the loan agreement and receiving the payment schedule.
  7. Other conditions for granting loans.

We recommend

  1. To check out the interest rates and frequency. 
  2. Check the availability of individual terms in the loan agreement (principal amount, term, date of advance, etc.).
  3. Check whether the loan agreement contains information about the total cost of borrowing.
  4. Take time to think – you can change your mind before agreeing or signing a loan agreement.
  5. Speed of loan processing.
  6. Accessibility – alternative lenders often operate where there are no bank branches.
  7. For the borrower - high interest on the loan.
  8. For an investor, the safety of funds is not guaranteed by the state.

What distinguishes Spring Financial from banks:

  1. Simplicity - loan processing is less formalized than in a bank.
  2. Fast loan processing.
  3. Accessibility.
  4. For the borrower - high interest on the loan.
  5. For an investor, the safety of funds is not guaranteed by the state.
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