Lender Profile
Spring Finance Secured Loans
Specialist UK secured lender with competitive rates for clean and minor-adverse credit.
Starting rate
7.61% APR
Initial fixed period
Up to 60 months
Max LTV
85%
Loan range
£3,000 (Optimal 1) / £10,000 (Optimal Zero)–£250,000
About Spring Finance
Spring Finance is a UK specialist lender focused on the secured loan market. Their Optimal Zero and Optimal 1 product ranges cover clean credit and minor-adverse credit borrowers respectively, with rates from 7.61% on a 5-year fix.
Spring's pricing structure is tiered by loan size with arrangement fees ranging from £695 to £1,495 — one of the more granular fee structures in the market, which can make them more competitive on smaller loans.
They lend up to £250,000 across most products, with high-LTV (HLTV) variants going to 85% combined LTV for minor-adverse cases. Most Spring cases complete in 3–4 weeks.
Product range: Optimal Zero (clean credit, ≤80% LTV) and Optimal 1 (minor adverse, ≤80% LTV) product ranges. Optimal 1 HLTV variant available up to 85% combined LTV.
Best for
- Clean-credit borrowers who don't meet Selina's 65% LTV cap for best rates
- Minor-adverse credit cases below 80% combined LTV
- Borrowers requiring higher LTV (up to 85%) with minor adverse
- Smaller loans where the tiered fee structure beats flat-fee lenders
Key facts
- Min Loan
- £3,000 (Optimal 1) / £10,000 (Optimal Zero)
- Max Loan
- £250,000
- Max Term
- 30 years
- Max Ltv
- 85% combined (HLTV variant)
- Fee
- £695–£1,495 tiered by loan size
- Credit Tier
- Clean to minor adverse
- Rate Structure
- 2-year and 5-year fixed, then variable revert
- Completion
- Typically 3–4 weeks
Pros
- +Granular tiered fee structure — competitive on smaller loans
- +Both clean-credit and minor-adverse products with consistent service
- +Up to 85% combined LTV via HLTV product
- +Low minimum loan of £3,000 on Optimal 1
Cons
- −Maximum loan £250,000 — limits scope on larger consolidation cases
- −Adverse credit appetite limited to 'minor' tier — not for recent CCJs/defaults
- −Headline rates not the lowest at sub-65% LTV
Spring Finance FAQs
What's the difference between Spring's Optimal Zero and Optimal 1 products?
Optimal Zero is for clean credit (no missed payments, no CCJs/defaults) up to 80% combined LTV. Optimal 1 accepts minor adverse credit (a small number of missed payments or older satisfied defaults). Optimal 1 HLTV extends LTV to 85%.
What loan sizes does Spring Finance offer?
Optimal 1 starts from £3,000; Optimal Zero from £10,000. Maximum is £250,000 on standard products and £150,000 on the HLTV variant.
Does Spring Finance accept self-employed applicants?
Yes — Spring assess self-employed income on the latest two years of SA302s and tax year overviews. Limited company directors are assessed on salary plus dividends with accountant-prepared accounts.
Apply for a Spring Finance secured loan
We'll match your case against Spring Finance's criteria first — and the rest of our panel — to find the cheapest fit.