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Spotloan is a better way to borrow extra cash. It’s not a payday loan. It’s an installment loan, which means you pay down the balance with each on-time payment. Borrow $300 to $800 and pay us back a little at a time.HOW IT WORKS
Unlike payday loan agencies, at Spotloan you are able to pay us back over months, not weeks. Take as long as 10 months or pay us sooner and save on interest, it's up to you!
Consumers have multiple types of loans from which to choose, including home loans, car loans, credit card advances, and home equity loans. Online installment loans are designed to help when you need a short-term loan fast and have bad credit or even no credit.
Consider an online installment loan if you’re short on money, don’t have other credit options, and need help with expenses.
The application process is fast as it is done completely online. Most people complete the process in about 10 minutes.
If you accepted your loan terms on a Monday through Friday, before 10 a.m. CT, Spotloan will transfer the money to your bank by no later than 3 p.m. on the same day. If you accepted your loan terms on a Monday through Thursday between 10 a.m. CT and 8 p.m. CT, Spotloan will transfer your funds to your bank overnight. If you accepted your loan terms on a Friday after 10 a.m. CT through anytime on Sunday, Spotloan will transfer your money over the weekend and it will be waiting at your bank on Monday morning.
Most lenders shy away from lower credit scores that rely on prior loan and credit card history available from the 3 credit bureaus. However, we reach beyond the bureaus and scores using an advanced algorithm to spot real people with the real intent to pay, despite low credit scores, past credit problems, or lacking credit history.
If you have a bad credit score, or have not borrowed before, Spotloan can help you get money fast. No collateral is required.