Cash Money vs Spring Financial
A detailed side-by-side comparison of two popular Canadian lenders. See how they stack up on rates, loan amounts, eligibility, and overall experience.
Side-by-Side Comparison
| Feature | Cash Money | Spring Financial |
|---|---|---|
| Loan Amounts | $500 – $10,000 | $500 – $35,000 |
| Interest Rates | Up to 34.99% APR | 9.99% – 34.95% APR |
| Loan Terms | Up to 60 months | 6 – 84 months |
| Credit Required | All credit types considered | All credit types accepted |
| Funding Speed | Same day | As fast as 24 hours |
| Headquarters | Toronto, Ontario | Toronto, Ontario |
| Founded | 1992 | 2014 |
| Best For | Borrowers who prefer in-person service or need same-day access to cash | Borrowers looking to build or rebuild credit |
Loan Amounts
Cash Money
$500 – $10,000
Spring Financial
$500 – $35,000
Interest Rates
Cash Money
Up to 34.99% APR
Spring Financial
9.99% – 34.95% APR
Loan Terms
Cash Money
Up to 60 months
Spring Financial
6 – 84 months
Credit Required
Cash Money
All credit types considered
Spring Financial
All credit types accepted
Funding Speed
Cash Money
Same day
Spring Financial
As fast as 24 hours
Headquarters
Cash Money
Toronto, Ontario
Spring Financial
Toronto, Ontario
Founded
Cash Money
1992
Spring Financial
2014
Best For
Cash Money
Borrowers who prefer in-person service or need same-day access to cash
Spring Financial
Borrowers looking to build or rebuild credit
Pros & Cons
Cash Money
Pros
- Over 30 years of established lending history in Canada
- Multiple product types: payday, installment, and line of credit
- Same-day funding available
- Both online and in-person application options
Cons
- Interest rates can reach 34.99% APR for installment loans
- Payday loan products are high-cost short-term borrowing
- Not all products available in every province
Spring Financial
Pros
- Accepts all credit types, including bad credit
- Credit-building program (The Foundation) reports to both major bureaus
- Fast online application with decisions in minutes
- No branch visit required — fully online process
Cons
- Maximum APR of 34.95% for higher-risk borrowers
- Not available for Quebec residents on some products
- Personal loans require minimum income verification
Which Lender Should You Choose?
Choose Cash Money if you're looking for a lender that specializes in borrowers who prefer in-person service or need same-day access to cash. They offer loan amounts of $500 – $10,000 with funding as fast as same day.
Choose Spring Financial if you're better described as borrowers looking to build or rebuild credit. They offer $500 – $35,000 with all credit types accepted credit requirements.
Still unsure? Apply through 365 Loans to compare offers from both lenders and more — with no impact on your credit score.
Frequently Asked Questions
Is Cash Money or Spring Financial better?
It depends on your needs. Cash Money is rated 3.6/5 and is best for borrowers who prefer in-person service or need same-day access to cash. Spring Financial is rated 4.2/5 and is best for borrowers looking to build or rebuild credit.
Which has lower interest rates?
Cash Money charges Up to 34.99% APR, while Spring Financial charges 9.99% – 34.95% APR. Your actual rate depends on your credit profile.
Which lender funds faster?
Cash Money: Same day. Spring Financial: As fast as 24 hours.
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