Wondering how long it takes to receive funds from Spring Financial? The answer is — you can get your money as fast as the same day, depending on the product and approval process. Most applicants receive funds within 24 to 48 hours after approval.
This quick turnaround is one of the reasons why Spring Financial is becoming a go-to lender for Canadians looking for fast cash with minimal hassle.
Same-Day Deposits Are Possible
For certain loan products, like personal installment loans, Spring Financial offers same-day e-Transfers once your application is approved.
When You Might Get It Same Day:
- If your application is approved before noon
- If banking verification is completed quickly
- If you provide all necessary documents instantly
Real Example:
Many users report getting the money within hours of approval, especially for loans under $2,000.
Foundation Program Takes Longer
If you’re signing up for the Foundation credit-building program, you won’t receive a cash loan up front. Instead, it’s a 12-month savings plan designed to improve your credit score.
Here’s how it works:
- You make monthly payments
- At the end of 12 months, you receive the full amount back
- It reports to Equifax to build your credit
So if you’re looking for immediate cash, the Foundation program is not the right fit.
Approval + Deposit Timeline Table
| Loan Product | Approval Time | Money Transfer Time |
|---|---|---|
| Personal Loan (<$2,000) | Same Day Possible | Same Day or 24–48 Hours |
| Larger Personal Loans | 1–2 Business Days | After Final Approval |
| Foundation Program | N/A | Lump Sum After 12 Months |
What Can Delay Your Funds?
There are a few factors that might cause delays:
- Missing documents (ID, proof of income)
- Incorrect banking info
- Applying after banking hours or on weekends
But if everything’s submitted correctly and on time, Spring Financial is one of the fastest lenders for online loans in Canada.
Quick Checklist: Speed Up Your Loan
To get your funds as fast as possible:
- ✅ Apply before 12 PM on a business day
- ✅ Use instant banking verification
- ✅ Upload required documents during your application
- ✅ Keep your phone/email close for quick response
Final Thoughts: It’s Fast, But Be Prepared
Spring Financial prides itself on quick access to funds — especially for emergency situations. As long as you’re organized and apply early in the day, you could see money hit your account the same day.
FAQ
How long does it take to get approved by Spring Financial?
Approval can happen in minutes to a few hours, depending on the completeness of your application.
Can I get money from Spring Financial the same day?
Yes, for smaller personal loans, you can receive funds within hours if everything is in place.
Does Spring Financial work on weekends?
Loan approvals and processing usually occur on business days only. Applications submitted on weekends are reviewed the next business day.
What if I haven’t received my money after approval?
Double-check your banking details and contact support if it’s been more than 48 hours.
Is the Foundation program a loan?
No, it’s a credit-building savings plan. You get your money back after 12 months of consistent payments.
