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 a 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%

Contents:

Loans like Spotloan.

Direct lenders like Spotloan.

Loans like Spotloan.

To compare Spotloan cash advance with other similar loans see 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 a 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:

TOP RATED COMPANIES

Rates last updated August 19th, 2019
4.3681318681319

LEND YOU

$5,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $15,000 for Personal loans. But it may vary depending on the lender and his requirements.

6.63%
MIN APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, Unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

LendYou.com is the easy way to find the cash you need when you need it. You’re looking for cash to pay bills, to buy a car or maybe do some work around the house. LendYou.com has the lenders you're looking for. It's easy. It doesn't matter the size of the loan you're looking for… LendYou may be able to connect you with a lender that can help.

The loans you need, when you need them.   

4.5006016847172

Check Into Cash

$3,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $15,000 for Personal loans. But it may vary depending on the lender and his requirements.

Varied by state
MIN APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, unsecured
Collateral or guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

Check Into Cash is a national leader in direct lending, providing customers with affordable, short-term, small dollar credit solution such as Payday Advances, In-Store Cash Advances, Online Payday Loans, Title Loans, Title Pawns,Check Cashing, Western Union®, walk-in Bill Pay, and reloadable prepaid U.S. Money Cards both online and in their in-store centers nationwide. They offer reliable service, affordable rates, simple requirements and convenient repayment. Compare the reviews on Check Into Cash and their products, fins out all you need about this company and apply for the service you need.

4.280303030303

Jora Credit

$2,600
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.

170%
MIN APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, Unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

Jora Credit is a Lender that operates under the state specific rules for the states that it services. They are committed to the lending of responsible credit products to eligible applicants in need of emergency credit. Jora offers a simple, reliable way for customers to get a loan, and have the flexibility to repay it over a duration of time that makes sense for their lives and budget. Jora provides loans as soon as the next business day. Apply today and get $500 to $2,600 as soon as tomorrow. Get a Loan Fast!

4.3939393939394

Loan By Phone

$3000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.

Varied by state
MIN APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, Unsecured
Collateral or guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

Online cash advance is really quick, easy, and confidential with LoanByPhone. They offer Payday Loans, Installment Loans and Line of Credit for both good and bad credit score customers. An easy, online application that takes only minutes to complete will help you get the approval and necessary funds as soon as possible. LoanByPhone makes the loan process really easy and mobile. Ypu can apply on the go, get funds quickly, and manage your account, all from the device at your fingertips.

4.4394618834081

Greenlight Cash

$5000
MAX Loan Amount
Varies by state
MIN APR
Unsecured
Collateral or Guarantor
Available for Bad Credit

Need a financial support? We’ll find you the money when you need it most!

Online loans up to $5,000. 

Any credit is welcome.
Have less-than-perfect credit but still need a loan? It’s not a problem! Submit a request, and we’ll find a lender that will be willing to work with you.

Simple online process.
No lines and no extra paperwork! It takes a few minutes to fill out our short online form, submit it and get a quick decision from a lender.

ONLINE COMPANIES

Rates last updated August 19th, 2019
4.1558441558442

Your Faster Payday

$5,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $15,000 for Personal loans. But it may vary depending on the lender and his requirements.

6.63%
MIN APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, unsecured
Collateral or guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

How does YourFasterPayday.com work? You’re looking for cash to pay bills, to buy a car or maybe do some work around the house. YourFasterPayday.com has the lenders you're looking for. It's easy. It doesn't matter the size of the loan you're looking for... YourFasterPayday may be able to connect you with a lender that can help. Fill out the block above to get started.

4.1666666666667

Fast Holiday Loans

$5,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $15,000 for Personal loans. But it may vary depending on the lender and his requirements.

6.63%
MIN APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, unsecured
Collateral or guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

Get cash for the holidays! Get a loan of up to $15,000 as soon as the next business day! Wrap Up the Holidays with up to $15,000 in Cash! This holiday season, get the cash you need. We’ll connect you with a lender who can provide up to $15,000 to take care of all of your holiday expenses!

Benefits:

  • Easy Online Application
  • Safe and Secure
  • Fast Decision
  • Trusted Source
4.3617021276596

Bad Credit Loans

$5,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.

5.99%
MIN APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, secured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

BadCreditLoans.com has been in the business of helping people since 1998. They make it simple for consumers to get the funds they are looking for online.

The company offers: 

  • Bad Credit Personal Loans
  • Bad Credit Business Loans
  • Bad Credit Credit Cards
  • Bad Credit Mortgage Loans
  • Bad Credit Home Loans
  • Bad Credit Student Loans
  • Bad Credit Auto Loans
Lender Pros Cons

Spotloan

spotloan

  • 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

check into cash

  • 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

jora

  • Easy online application
  • Quick funding
  • No hidden fees
  • Transparent rates.
  • Bad credit is OK.
  • Offers installment loans and lines of credit.
  • Longer repayment terms than payday loans.
  • May help youraise your credit score.
  • High interest rates.
  • Available only in 12 states.
  • Repayment terms are still short in some states.
  • An application requires a hard credit check which can hurt your credit score

Loan By Phone

loanbyphone

  • $100 to $1,500 payday loan or cash advance online
  • All loan applications and requests are guaranteed confidential and all transactions are governed in accordance with the laws of your state of residence
  • Quick funding the next business day
  • High interest rates
  • Available not in every state

Lend You

lend you

  • Simple application
  • Quick decision
  • Bad credit OK
  • 84% positive reviews
  • Interest rates up to 1,356%
  • Can affect your credit score

 

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.

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. 

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

NEED CASH FAST?
  • Payday Loans $100 - $1,000
  • Personal Loans $1,000 - $35,000