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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's application


How to apply

Customers can complete online the whole procedure via the official site. To apply for credit, follow those simple steps:

  1. Press the "Get Started" button and fill in the form;

  2. Specify your first and last Name, e-mail address and press the "Continue" button;

  3. In order to apply you need to use sliders to determine the loan and terms;

  4. After you have determined the loan, click on the "Apply Now" button;

  5. After that you will get the response. Normally this does not take much time.

If you have any other questions about the Spring Financial (former Fresh Start Finance) products and other personal loans, you can contact a representative at 1-888-781-8439.


In fact, the requirements for a personal loan are rather easy to meet as long as you have to specify your personal details, income and a verified bank account. You will have to follow those rules:

  • Canadian residence is required;

  • Valid phone number and e-mail address;

  • A client must be over 20 years old;

  • The official income should be no less than $2,000 for the past 3 months.

  • A client will have to deliver that proof of income for the past 5 months.

A representative will work with a client to ensure he/she has a valid ID and updated bank statements on file. Once these documents are submitted, the Agreement will be sent for viewing. After a client has signed this Agreement the personal loans will be transferred within 2-3 business days.


How long are applications considered?

At first, the company needs to receive all documents and contact information from the applicant. After that the process of consideration usually, it takes one day to review the case.

How quickly funds can be received?

If the loan is approved you will need to sign the loan agreement. After that you will receive the funds. Spring Financial usually transfers the money to borrowers via the e-Transfer system. They receive an e-mail where they can confirm the transfer (there is a time limit, so it should be taken into consideration).

The second method is a direct deposit on the verified bank account that is provided by the client. The whole procedure usually takes 1-2 days.

Reasons for rejection

The system analyzes the information that has been given by the applicant. It will take into account the income, bill payments, credit history and credit reputation. The system may decline the application based on the data that has been gathered from the records about the potential customer. But in most cases, you may be given a loan if you haven’t taken any loans before and this will be your first encounter with credit provision services and fresh loans representative.

Calculate loan payments in Spring Financial

Spring Financial calculator will allow you to calculate an approximate payment schedule for the loan

Loan amount

Enter the desired loan amount

500 $
15000 $
Loan term

Specify the loan term for the calculation


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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