Spring Financial vs easyfinancial
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 | easyfinancial |
|---|---|---|
| Loan Amounts | $500 – $35,000 | $500 – $150,000 |
| Interest Rates | 9.99% – 34.95% APR | 9.99% – 34.95% APR |
| Loan Terms | 6 – 84 months | 9 – 240 months |
| Credit Required | All credit types accepted | All credit types accepted |
| Funding Speed | As fast as 24 hours | Same day to 2 business days |
| Headquarters | Toronto, Ontario | Mississauga, Ontario |
| Founded | 2014 | 2006 |
| Best For | Borrowers looking to build or rebuild credit | Borrowers with poor credit who need larger loan amounts |
Loan Amounts
Spring Financial
$500 – $35,000
easyfinancial
$500 – $150,000
Interest Rates
Spring Financial
9.99% – 34.95% APR
easyfinancial
9.99% – 34.95% APR
Loan Terms
Spring Financial
6 – 84 months
easyfinancial
9 – 240 months
Credit Required
Spring Financial
All credit types accepted
easyfinancial
All credit types accepted
Funding Speed
Spring Financial
As fast as 24 hours
easyfinancial
Same day to 2 business days
Headquarters
Spring Financial
Toronto, Ontario
easyfinancial
Mississauga, Ontario
Founded
Spring Financial
2014
easyfinancial
2006
Best For
Spring Financial
Borrowers looking to build or rebuild credit
easyfinancial
Borrowers with poor credit who need larger loan amounts
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
easyfinancial
Pros
- Accepts all credit types including poor credit
- Very large loan amounts available (up to $150,000 secured)
- Over 400 locations across Canada for in-person service
- Reports to both Equifax and TransUnion for credit building
Cons
- Interest rates can be high for unsecured loans
- Secured loans require collateral (home equity or vehicle)
- Some products have origination or administrative fees
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 easyfinancial if you're better described as borrowers with poor credit who need larger loan amounts. They offer $500 – $150,000 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 Spring Financial or easyfinancial better?
It depends on your needs. Spring Financial is rated 4.2/5 and is best for borrowers looking to build or rebuild credit. easyfinancial is rated 3.8/5 and is best for borrowers with poor credit who need larger loan amounts.
Which has lower interest rates?
Spring Financial charges 9.99% – 34.95% APR, while easyfinancial charges 9.99% – 34.95% APR. Your actual rate depends on your credit profile.
Which lender funds faster?
Spring Financial: As fast as 24 hours. easyfinancial: Same day to 2 business days.
Other Lender Comparisons
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