Spring Financial offers online loans ranging from $5,000 to $35,000 with flexible repayment terms of 6 to 60 months. The borrowing process is simple and efficient, involving an online application that takes less than five minutes, followed by the provision of a valid government-issued ID and online banking verification. Once approved, funds can be transferred to your bank account on the same day via e-Transfer. To qualify, you must provide a government-issued ID, proof of income, and rent verification. For instance, if you borrow $5,000 for a term of 6 months, you’ll end up paying a total of $6,111, which includes a fee of $1,111.
Spring Financial review
Spring Financial is a lending platform that offers online loans ranging from $5,000 to $35,000. The loan term is quite flexible, with borrowers having the option to choose a period between 6 to 60 months. This flexibility allows borrowers to select a repayment schedule that best suits their financial situation.
The process of borrowing from Spring Financial is straightforward and convenient. Potential borrowers can submit an online application in under five minutes. Upon submission, they are required to provide a valid government-issued ID and complete an online banking verification. Once approved, the funds can be transferred to the borrower’s bank account as soon as the same day via e-Transfer.
There are certain conditions that borrowers need to meet to be eligible for a loan. These include having a government-issued ID such as a driver’s license or Canadian passport, proof of income which can be shown through latest pay stubs, a latest T4, or a CPP statement, and rent verification which can be provided through a lease agreement.
To give an example of the loan terms, let’s consider a loan amount of $5,000. If a borrower opts for a term of 6 months, the total payment would amount to $6,111. This includes a fee of $1,111.
In conclusion, Spring Financial provides a reliable and convenient platform for individuals seeking financial assistance. With its range of loan amounts, flexible terms, and simple application process, it offers a viable solution for those in need of immediate funds.
Table of repayments
| Amount | Fee | Total payment | Term |
| $5.000 | $1 111 | $6 111 | 6 months |
If you will get the loan of $5.000 with the term of 6 months, your totally payment would be $6 111. The fee is $1 111.