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The finance fees charged for your loan will be clearly disclosed to you in terms of the dollar amount of interest and the APR according to the principles of federal truth in lending law and regulations. For details on the specific rates/fees of your loan, please see your loan agreement. Late fees and non-sufficient funds/returned item fees may apply as described in your loan agreement. To minimize the total cost of your loan, we strongly recommend that you either pay your loan in full, or pay as much as you can to reduce the principal balance. Please visit our homepage to start your application now!
You must notify us at least 3 business banking days prior to your due date if you choose to change the previously requested due date option to allow us the time to make the change. If the full balance due is not received prior to your due date, and you did not previously select to pay your loan balance in full, you will continue with the multiple payment schedule outlined in your loan agreement. You will be sent reminders via email and text outlining your due date options prior to your due date.
WE STRONGLY ENCOURAGE PRINCIPAL REDUCTION AND EARLY PAYMENT TO REDUCE YOUR FINANCE CHARGES.
In order to complete your loan and get your cash into your bank account, you MUST confirm your loan details with us after submitting the form and getting an approval. After approval, we can transfer your installment loan cash directly to your bank account. Applications processed and approved before 4:00PM PST Monday – Friday are typically funded on the next business day. Start your loan TODAY!
We also offer same day funding. Loans processed before 11:40am CT will have their funds sent to the customer’s bank and account by electronic processing or ACH. Spring Water Financial is not responsible for when your bank will release your money. Typically, Banks and Credit Unions will deposit your money into your bank account by 5pm your time.
Your first loan payment will be due on your next pay date that falls at least 6 days away. Customers can pay additional amounts toward their loan or pay in full at any time without penalty. Spring Water Financial encourages repayment as quickly as possible to reduce the total finance fees.
You may make any scheduled payment on or at least 3 days before the due dates of those payments. Take control of your temporary circumstances and don’t be overcharged with penalties! (Your installment loan is designed for emergency cash needs and should not be considered a long term solution for financial stability).
If you encounter difficulties in repaying your loan on the scheduled due date(s), you can contact us to arrange a payment plan that meets your needs. Calling us as soon as you become aware of extenuating circumstances will help us rearrange your payment terms as efficiently as possible and help you avoid any late fees or insufficient funds fees (see next paragraph).
If a payment is not made by your due date, you will be subject to additional fees. If a payment is returned because there are insufficient funds on deposit, or your payment is dishonored by your financial institution for any reason, then you will be assessed an NSF fee of $25. If any payment is late by 5 days or more after the due date, then you will be responsible for an additional $25 late fee for each late payment. This is why it’s important to contact us if you anticipate any problems with your payment, and we will be happy to discuss alternative payment plan options.