Independent head-to-head comparison of APR, loan limits, credit requirements and funding speed for two Canadian lenders.
Scotiabank's direct banking subsidiary offering straightforward, transparent mortgages, lines of credit, and savings products.
Visit Tangerine BankCanada's top consumer fintech lender specializing in credit building, personal loans, and debt consolidation for all credit tiers.
Visit Spring Financial| Feature | Tangerine Bank | Spring Financial |
|---|---|---|
| Lowest APR | 4.94% | 9.99% |
| Highest APR | 8.49% | 29.99% |
| Min Loan | $10,000 | $500 |
| Max Loan | $1,000,000 | $35,000 |
| Min Credit Score | 670 | 500 |
| Funding Time | 24-72 hours | Same day (Interac e-Transfer) |
| Loan Types | mortgage, personal | personal, debt_consolidation, auto |
| Provinces | ON, BC, AB, QC, MB, SK, NS, NB, NL, PE | ON, BC, AB, MB, SK, NS, NB, NL, PE, NT, YT |
Tangerine Bank starts at 4.94% APR while Spring Financial starts at 9.99%. The cheapest option depends on your credit score, loan amount and term. Always compare your personalized APR offers — advertised rates are minimums for the strongest applicants.
Tangerine Bank typically requires a minimum credit score of 670. Below that, consider alternative lenders that specialize in credit-challenged borrowers.
Spring Financial typically funds in Same day (Interac e-Transfer) after final approval. Same-day funding usually requires e-transfer-eligible accounts and document approval before cutoff.
Tangerine Bank serves ON, BC, AB, QC, MB, SK, NS, NB, NL, PE. Spring Financial serves ON, BC, AB, MB, SK, NS, NB, NL, PE, NT, YT. Province availability is a hard requirement — verify before applying.
Get matched to the best Canadian lender for your situation in under 60 seconds.