Why Spotloan

We’re here to help when you need a little extra money.

A short-term loan from Spotloan is a better alternative than a payday loan

Americans with bad credit spend as much as $9 billion on payday loans every year. Since payday loans are fixed loans, you have only one pay period - usually two or four weeks - to pay off your loan, and if you can’t pay it off in time, you are charged a fee to roll it over. So far, more than 1 million people have used Spotloan to get the money they needed. Today's payday loans are a bad deal for most people with bad credit for two reasons:


Payday loans don't give you the time you need to pay your loan back. After all, if you had $500 to spare in two weeks, would you really need to borrow it today? Probably not.


Loan fees don't reduce your balance. When you make a payment to rollover your loan, it doesn't actually count against the balance you owe which takes you further in debt. Doesn't sound like a good deal, does it?

We knew there had to be a better alternative, which is why we created Spotloan.


Spotloans are tailor-made to fit your needs. You pick your loan amount and loan duration. And you can decide to make regular scheduled payments or pay the loan off early. Whatever you choose, we’ll work with you to keep you and your loan on track.


Because Spotloan is an installment loan, every regular scheduled payment helps pay down your loan. That means you can kiss those payday loan balloon payments goodbye!


When you use Spotloan instead of a typical online payday loan, you can save up to 50%.

What is Spotloan?

Spotloans are short-term installment loans. You can get up to $1500 if you're a preferred borrower with 10 or more loans, or up to $800 if you're a new or repeat borrower. If you are approved, you can receive your cash same day when you accept your loan terms before 11:30 a.m. CT Monday through Friday (12:30 p.m. ET and 9:30 a.m. PT). For loans confirmed after 11:30 a.m. CT Monday through Friday, you will receive your funds by the end of the next business day. And, if you confirmed your loan on a weekend (Saturday or Sunday), you will receive the funds by the end of the next business day.

You also get the time you need to payoff your loan - up to 10 months - so you're set up for success right from the start.

We knew there had to be a better alternative, which is why we created Spotloan.

With a Spotloan, you also get:


A better rate on your next loan with us after completing your first loan with Spotloan


Highly trained customer service agents to help you every step of the way


The freedom to pay off your Spotloan at any time with absolutely no prepayment penalty


The flexibility to pause your payments (as long as your account is in good standing)

Why our customers love our short-term loans

Over half a million people have used Spotloan. Find out for yourself why our customers love Spotloan's short-term loans and keep coming back. Read through over 1,000 Spotloan reviews on Trustpilot to see for yourself. Give us a try and experience Spotloan's top-rated customer service, offering secure and professional help.