Personal Loans

Personal Loans

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Get a Loan When You Need It

The unforeseen can always happen and we want to be there to help. We provide affordable and transparent personal and credit building loans so that when an opportunity arises or an emergency like a car repair happens, we have you covered. We build into the loan process opportunities to build savings and credit and help you avoid high-cost predatory loans.

 

Every Spring Bank customer can take advantage of free financial counseling from our nonprofit partner GreenPath Financial Wellness.

Credit Builder Loan

The Credit Builder Loan is open to all customers who want to build credit and savings.

Small Personal Loan

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

Opportunity Loan

The Opportunity Loan is available to employees at our partner employers in the Employee Opportunity Program.

The E-Bike Loan NYC

The E-Bike Loan NYC is available to employees at our partner employers in the Employee Opportunity Program.

At Spring Bank we make it simple to apply for a loan with our automated system. Click the button below to start our application process:

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Or learn more below:

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.

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The E-Bike Loan NYC

*offered to employees at partner employers*

 

If you are thinking about an easier, healthier, and less costly commute, our E-Bike Loan can get you there. Borrow up to $2500 with no minimum credit score requirement. And while you’re rolling, the E-Bike Loan can also help you build your credit profile and savings.

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Small Personal Loan

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

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

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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.

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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.

The loan process is simple and the costs are transparent.

No Prepayment Penalties

You can prepay your 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

Your Spring Bank savings account we have made it simple for you to build savings.

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

Fill out your information below to schedule time with one of our account managers. They’ll be happy to assist you with any and all of your banking needs, including opening accounts, reviewing loan options, or exploring ways to grow your retirement savings.

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

Our Promise

At Spring Bank, customers are never “just” numbers. Trusting us with your money (and your goal) is no small matter. In fact, when you decide to bank with us, you become a member of the family, and your financial dreams become ours.