Good Credit Matters

Improving your credit can help you get approved for lower interest rates, which can save you thousands of dollars.

Auto Loan
  • Amount: $20,000
  • Duration: 60 Months
Poor Credit
Interest Rate 32.99%
Monthly Payment $684.27
Total Interest Paid $21,056.46
Fair Credit
Interest Rate 15.00%
Monthly Payment $475.80
Total Interest Paid $8,547.92
Good Credit
Interest Rate 5.99%
Monthly Payment $386.56
Total Interest Paid $3,193.78
Save $17,862.68 On interest over 60 months
Mortgage
  • Amount: $450,000
  • Duration: 25 year amortization, 5 year term
Poor Credit
Not Approved
Fair Credit
Interest Rate 12.99%
Monthly Payment $4,974.38
Total Interest Paid $289,813.08
Good Credit
Interest Rate 2.44%
Monthly Payment $1,764,04
Total Interest Paid $51,720.63
Save $238,092.45 On interest over 5 year term
Personal Loan
  • Amount: $1,500
  • Duration: 18 Months
Poor Credit (Quick Cash Loan)
Interest Rate 400.00%
Monthly Payment $502.83
Total Interest Paid $7,551.03
Fair Credit
Interest Rate 40.00%
Monthly Payment $112.16
Total Interest Paid $518.87
Good Credit
Interest Rate 8.99%
Monthly Payment $89.39
Total Interest Paid $109.01
Save $7,442.01 On interest over 18 months
Values are illustrative of each respective credit tier. Actual rates may vary.
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Products

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* Spring Financial Inc. provides loans up to $35,000 with interest rates ranging from 9.99% to 46.99%, and terms from 6 to 60 months. APRs on such loans range between 10.8% to 46.99%. Your actual rate will depend on a variety of factors such as your credit score and the loan amount.

An example of borrowing costs paid on a $5,000 loan with a 60 month term at 10.87% APR is a Weekly payment of $24.43, with the total repayment amount of principal and interest being $6,352.33 and the total cost of the loan (interest only) being $1,352.33.

To qualify for The Foundation, you must have an active account with a bank or financial institution, as approved by Spring Financial, and a valid government-issued Canadian ID. The Foundation is available in all provinces except Saskatchewan, Quebec, and New Brunswick. Results from The Foundation depend on the individual. All guarantee references are made in connection to the Evergreen Loan. To qualify for the Evergreen Loan, you must first successfully complete 12 months on The Foundation and save $750, have an active account with a bank or financial institution, as approved by Spring Financial, and a valid government-issued Canadian ID.

Spring Financial Inc. is headquartered at Suite 600, Two Bentall Centre, 555 Burrard Street, Vancouver, British Columbia, Canada, V7X 1M8

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Spring Financial Inc. and its loans are not affiliated with any credit bureaus.
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