Spotloan is a short-term installment loan company that offers a cheaper cash advance than Payday Loans. Though they pose themselves as not a payday lender they still charge rather high interest rates. However, terms are rather convenient and affordable with no prepayment penalties. So if you pay back the loan fast, even before the due date, it may help you out in an emergency. Keep reading to see if this is the right service for you. Or compare Spotloan to other short-term lenders.


Loans for ANY NEEDS
APR from 4.99%

Table of Contents:

Installment Loans like Spotloan

Direct lenders like Spotloan

Loans like Spotloan 

To compare Spotloan cash advance with other similar loans sees the table below depicting the most important details on loans from different lenders in comparison with Spotloan:

Lender Spotloan Check Into Cash Jora Credit Loan By Phone Lend You Greenlight Cash Loans
Loam amount $300 - $800 $500 - $3000 $500 - $2600 $500 - $3000 $1000 - $5000 $1000 - $5000
Terms 3 - 8 months Varied 24 months Varied Varied Varied
APR up to 450% Varied by state 170% - 349% Varied by state from 6.63% Varied by state
Turnaround time 1 business day 1 business day 1 - 2 business days 1 business day 1 business day 1 business day
Guarantor or Collateral None, Unsecured None, Unsecured None, Unsecured None, Unsecured None, Unsecured None, Unsecured

Direct lenders like Spotloan 

Spotloan portrays itself as a payday loan alternative, providing the same quick cash, but with more manageable repayment terms. It promises savings of up to 50 percent compared to traditional payday lenders. But is it really true? Compare the pros and cons of direct lenders like Spotloan:

LendYou will help you get the cash you need when you need it. You can apply for Payday Loans, Installment Loans or Personal Loans, etc. Compare the lenders and get matched with the best one.

  • MIN Loan Amount: $100
  • MAX Loan Amount: $35000
  • Terms: Varied
  • Rates and fees: Starting at 4.99% APR
  • Turnaround Time: 1 business day
  • $100 - $1000 Payday Loans
  • $1000 - $5000 Installment Loans
  • $5000 - $35000 Personal Loans
  • 18 years of age or older
  • U.S. citizenship
  • Valid checking or savings account with direct deposit
  • Minimum regular income of $1,000 per month
  • Not be a regular or reserve member of the Air Force, Army, Coast Guard, Marine Corps or Navy (or be a dependent of someone who is,) serving on active duty under a call or order that does not specify a period of 30 days or fewer.
  • High up to $15,000 loan amounts. 
  • Minimal restrictions on how you can use your loan.
  • No collateral or guarantor.
  • Bad credit is OK. 
  • It's not a direct lender, so you'll need to clarify rates and terms with the company you are matched with. 



Spotloan is a direct lender that offers short-term installment loans with longer repayment terms and at cheaper rates than Payday Loans. 

  • MIN Loan Amount: $300
  • MAX Loan Amount: $800
  • Terms: 3 - 8 months 
  • Rates and fees: Гз ещ 450% APR
  • Turnaround Time: 1 business day
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Installment Loans

  • An operational checking or savings account
  • A steady source of income
  • A US citizen or a permanent resident
  • At least 18 years old (varies by state)
  • 4/5 rating at Consumer Affairs.
  • Transparent rates and policies with no hidden fees.
  • Affordable repayment options.
  • A quick turnaround time of 1 business day with no upfront fees.
  • Easy and secure application.
  • You can pay the loan back via direct debit from your bank, a check or a money order.
  • Applying won’t affect your FICO score.
  • Available in most states. Spotloan is currently available in all states except Arkansas, the District of Columbia, Minnesota, New York, North Dakota, Pennsylvania, and West Virginia.
  • Spotloan offers may not always be the most competitive.
  • You must wait for Spotloan to contact you before you can complete your application.
  • Spotloan's APRs are rather high.



Check Into Cash offers Payday Loans, Title Loans, Personal Installment Loans and other money products at affordable rates with convenient repayment. 

  • MIN Loan Amount: $50
  • MAX Loan Amount: $3000
  • Terms: Vary by state.
  • Rates and fees: 261% to 782% APR
  • Turnaround Time: 1 business day
  • Payday Loans
  • Online Payday Loans
  • Title Loans
  • Installment Loans
  • Online Installment Loans
  • Line of Credit
  • Flex Loans
  • Other Services
  • Check Cashing
  • Bill Pay
  • Western Union 
  • U.S. Money Card
  • Cell Phone Top-Ups
  • Sell Us Your Gift Cards For Cash
  • Active checking account open for 90+ days
  • US citizen or permanent resident
  • Personal and work phone number
  • Valid email address
  • 21+ years old (19+ in Alabama)
  • Social Security number (for Indiana residents only)
  • You can get even as low as $50.
  • Quick funding on the next business day.
  • Money can be used for any personal needs.
  • Not available in every state.
  • APR can be more than 153.73% depending on your state.
  • High late payment fees.



Jora Credit offers Installment Loans and Lines of Credit.

  • MIN Loan Amount: $500
  • MAX Loan Amount: $2600
  • Terms: 24 months
  • Rates and fees: 170% - 349% APR
  • Turnaround Time: 1 business day
  • Installment Loans
  • Line of Credit
  • You reside in a state we currently serve.
  • You are at least 18 years old (19 if residing in AL).
  • You have a job or other proven source of income.
  • You have a valid e-mail address.
  • You have an active and valid checking account.
  • Simple - it’s easy to apply right from your phone, laptop or tablet – anywhere, anytime.
  • Secure - сomplete the secure online application, find out how much you can be approved for.
  • Fast - accept your loan by 10:30am Central time and you can get your funds on the same day.
  • Helpful - with Jora, you’ll have helpful tools to increase your earnings and maximize your career.
  •  Not available in all US states. 
  •  At 349%, highest rate of APR is not too dissimilar to a Payday loan.



Loan By Phone offers Payday Loans, Installment Loans and Line of Credit.

  • MIN Loan Amount: $100
  • MAX Loan Amount: $3000
  • Terms: Varied
  • Rates and fees: Vary by state
  • Turnaround Time: 1 business day
  • Payday Loans
  • Installment Loans
  • Line of Credit
  • 21 years of age
  • Social Security Number
  • Proof of Income (from your job, pension, welfare, or other source)
  • Valid email address
  • Active checking account (open for at least 90 days)
  • Current cell/home and work phone number
  • All loan applications and requests are guaranteed confidential and all transactions are governed in accordance with the laws of your state of residence.
  • Flexible repayment.
  • Available in most states.
  • High interest rates.
  • If you don't pay back on time your data may be sold to third parties.



The main difference between Spotloan and a typical payday lender is that Spotloan offers longer repayment terms while most payday lenders want their money back within a couple of weeks. Spotloan as well as other Payday Loan lenders offer small, short-term loans with high interest rates. It offers loans between $300 and $800 at 450% APR. That is over 12 times more expensive than the highest rate most personal loan providers charge. Luckily, the company doesn’t charge hidden or prepayment fees, so you won’t be penalized if you pay your loan off early, but this may not be an option for everyone.

Choosing an Installment Loan provider take these details into account. Or apply now to get the best offers from our 300+ partners.


  • Payday Loans $100 - $1,000
  • Personal Loans $1,000 - $35,000