How Spotloan Works

The Spotloan application is fast, easy and totally secure. Apply today and accept your loan terms and you can get money in your account today!

1

PICK YOUR TERMS

Think about how much you need to borrow and select a payment amount that works for your budget. You choose how long you want to pay the loan back - take as long as 10 months to pay. Plus, you can pay your loan off early with no prepayment penalties.

2

FILL OUT A SIMPLE ONLINE APPLICATION

Our application is completely secure and confidential. Apply online in ten minutes or less.  If you are approved, you can get up to $800.

3

GET YOUR MONEY IN YOUR BANK ACCOUNT

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.

Spotloan is a better way to borrow extra money when you need it. 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.

WHAT YOU’LL NEED TO APPLY

Proof of Employment

A Qualifying Bank Account

An Email Address

To apply for a Spotloan, you will need to provide contact information including your physical mailing address, a valid email address, and telephone number. You will also need to provide banking information including the routing number and account number for your financial institution where you would like your funds deposited.  Finally, you should be prepared to answer questions regarding your income and pay frequency.

AVAILABILITY AND RATES

Spotloans are currently available to residents of all states except Arkansas, Connecticut, District of Columbia, Illinois, Maryland, Minnesota, New York, North Dakota, Pennsylvania, Vermont, Virginia, and West Virginia.

Our maximum Annual Percentage Rate (APR) is 490%. APR expresses the cost of the loan as a percentage of the amount borrowed converted to an annual rate.

Spotloan does not discriminate against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of an applicant's income derives from any public assistance program, or because an applicant has in good faith exercised any right under the Consumer Credit Protection Act.

If you have any questions about Spotloan, please contact us or check out our FAQ for further information.

EASY APPLICATIONS. FAST APPROVALS. GREAT LOANS.

GET STARTED