Spring Financial vs Cash Money
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 | Spring Financial | Cash Money |
|---|---|---|
| Loan Amounts | $500 – $35,000 | $500 – $10,000 |
| Interest Rates | 9.99% – 34.95% APR | Up to 34.99% APR |
| Loan Terms | 6 – 84 months | Up to 60 months |
| Credit Required | All credit types accepted | All credit types considered |
| Funding Speed | As fast as 24 hours | Same day |
| Headquarters | Toronto, Ontario | Toronto, Ontario |
| Founded | 2014 | 1992 |
| Best For | Borrowers looking to build or rebuild credit | Borrowers who prefer in-person service or need same-day access to cash |
Loan Amounts
Spring Financial
$500 – $35,000
Cash Money
$500 – $10,000
Interest Rates
Spring Financial
9.99% – 34.95% APR
Cash Money
Up to 34.99% APR
Loan Terms
Spring Financial
6 – 84 months
Cash Money
Up to 60 months
Credit Required
Spring Financial
All credit types accepted
Cash Money
All credit types considered
Funding Speed
Spring Financial
As fast as 24 hours
Cash Money
Same day
Headquarters
Spring Financial
Toronto, Ontario
Cash Money
Toronto, Ontario
Founded
Spring Financial
2014
Cash Money
1992
Best For
Spring Financial
Borrowers looking to build or rebuild credit
Cash Money
Borrowers who prefer in-person service or need same-day access to cash
Pros & Cons
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
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
Which Lender Should You Choose?
Choose Spring Financial if you're looking for a lender that specializes in borrowers looking to build or rebuild credit. They offer loan amounts of $500 – $35,000 with funding as fast as as fast as 24 hours.
Choose Cash Money if you're better described as borrowers who prefer in-person service or need same-day access to cash. They offer $500 – $10,000 with all credit types considered 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 Spring Financial or Cash Money better?
It depends on your needs. Spring Financial is rated 4.2/5 and is best for borrowers looking to build or rebuild credit. Cash Money is rated 3.6/5 and is best for borrowers who prefer in-person service or need same-day access to cash.
Which has lower interest rates?
Spring Financial charges 9.99% – 34.95% APR, while Cash Money charges Up to 34.99% APR. Your actual rate depends on your credit profile.
Which lender funds faster?
Spring Financial: As fast as 24 hours. Cash Money: Same day.
Other Lender Comparisons
Compare Both Lenders & More
Apply once through 365 Loans and receive offers from multiple Canadian lenders — no obligation, no impact on your credit score.
Compare Loan OffersEditorial Note: Our content is reviewed by financial experts for accuracy. We may receive compensation from partner lenders, which does not influence our rankings or recommendations. Read our full disclosures