The Opportunity Loan

Personal Loans

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    The Opportunity Loan is for employees at partner employers.

    The Opportunity Loan is an affordable and responsible loan option with no minimum credit score requirement. Access the cash you need now and build savings and credit for the future. Payments are deposited from your payroll into a Spring Bank savings account. You can establish or improve your credit score and choose options to build savings.

    As a Spring Bank customer, you can always access free financial counseling from GreenPath Financial Wellness. 

    Click Here for a List of our Participating Employers

    • Austin Meat & Seafood
    • Bridge Street Development Corporation
    • BronxWorks
    • Cardiology Unlimited
    • Community Access
    • Doe Fund
    • Dominican Women’s Development Center
    • Family Life Academy Charter Schools
    • Grand St. Settlement
    • Green House Eco Cleaning
    • Greenwich House
    • Greyston Bakery
    • Hamilton Madison House
    • Hunts Point Alliance for Children
    • Jetro/Restaurant Depot
    • Kingsbridge Heights Community Center
    • Legacy Vacation Club – NJ
    • Legally Addictive Foods
    • MHANY Management Inc
    • Mosholu Montefiore Community Center
    • Per Scholas
    • Phipps Houses and Affiliates
    • Red Hook Initiative
    • School in the Square
    • SoBRO
    • Sunnyside Community Services
    • The Floating Hospital
    • The Hope Program
    • UncommonGoods
    • Vista Food Exchange
    • West Harlem Group Assistance
    • Westhab

    Apply for the Opportunity Loan

    Opportunity Loan Benefits

    Exclusively for Employees at Our Many Employer Partners

    Loans with Benefits

    All our accounts come with incredible benefits and services:

    Building Financial Wellness

    Through our partnership with the national nonprofit, Greenpath Financial Wellness, Spring Bank customers can access free one-on-one financial counseling or other GreenPath programs and services.

    Other Important Benefits of all Spring Bank Consumer Loans

    • Simple online application process--apply from anywhere, anytime
    • No Prepayment Penalties
    • No Hidden Cost
    • Opportunities to build credit and savings

    One Application Fee. No Hidden Costs.

    No Hidden Costs.
    The loan process is simple and the costs are transparent.

    No Prepayment Penalties

    You can prepay your personal loan anytime without incurring any fees.

    Simple to Apply

    From application to closing, the loan application process is completely automated. Use your computer or mobile device to get started.

    Opportunity to Build Savings

    Loan proceeds are placed in a high-interest rate Spring Bank savings account, making it simple to build your savings balance with every payment.

    Opportunity to Build Credit

    With on-time payments, you can create or improve your credit score.

    Use of Your IDNYC

    We are all about expanding access. That is why we accept IDNYC as a primary form of ID for account opening or loan processing.

    Schedule an Appointment

    Ready to grow with us? Come in and talk to one of our account managers to see how we can help. You can open a checking account, apply for a loan, open an IRA account and much more. Use the form below to schedule an appointment:

    Open Business Checking Account Online in New York

      Have any questions? Stop by a branch or call us at (718) 879-5000.

      Our Promise

      We don’t take it lightly that you trust us with your money. In fact, the best part about working here is getting to know our customers and their families. You’ll soon find out that you are far from a number here. On the contrary, you become part of the Spring Bank Family. We can’t wait to get to know you.

      Explore Other Loan Products

      Loyalty Loan

      The Small Personal Loan is available to Spring Bank customers with an active account.

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      GoGreen Cycle Loan

      Access up to $2,500 with no minimum credit score requirement.

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      The Opportunity Loan

      *offered to employees at partner employers*

       

      An affordable and responsible loan option. Borrow up to $3000 when an emergency comes up or an opportunity comes around. No minimum credit score requirement. You can access funds when you need them and take advantage of opportunities to build your credit profile and savings at the same time.

      Learn More

      Loyalty Loan

      Have you been a Spring Bank customer for a year or more? Then you can apply for our Loyalty Loan of up to $2500.

      This loan requires a minimum credit score of 620 and can help you build your credit profile.

      Learn More

      Credit Builder Loans

      Want to create or improve your credit profile? The credit builder and CD Secured loans can help you get there. The proceeds of your loan remain in your savings or CD account as you build toward savings and an enhanced credit score.

      Learn More