Spotloan

Review

Spotloan provides installment loans up to $1,500 with fixed payments and the option for early repayment. Designed for emergency situations, they offer predictable monthly payments with no hidden fees. Approval and funding can be quick, sometimes on the same day if approved by 1:30 PM CT. They do not require a minimum credit score, making them accessible to those with less-than-perfect credit. However, the APR can be as high as 490%, which makes the loans expensive. The service is governed by tribal law and may not be available in all states. Additionally, repaying a Spotloan does not contribute to improving your credit score.

TrustPilot Score:
⭐️
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Company Overview
Pros & Cons
FAQ's

Everything you need to know about

Spotloan

Loan Amounts
$300 to $1,500
Funding Time
Same day if approved by 1:30 PM CT
Fees & Interest Rates
APRs can reach 490% for emergency loans
Min Loan Amount
300
Max Loan Amount
1500
Repayment Terms
Funding Method
Direct Deposit
Min Credit Score
No minimum score
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Spotloan

Pros & Cons

Spotloan

Pros

  • ✅
    Fixed monthly payments
  • ✅
    Early repayment allowed
  • ✅
    Same or next business day

Spotloan

Cons

  • ✅
    High APR
  • ✅
    Limited state availability
  • ✅
    Does not improve credit score
FAQ's

Frequently asked questions

Everything you need to know about PaydayLoanList.com
What is PaydayLoanList.com?
PaydayLoanList.com is a comprehensive online directory and lead generation platform that connects individuals seeking payday loans, cash advances, and personal loans with a network of trusted lenders and credit brokers. We help you find suitable loan options based on your financial needs without acting as a lender ourselves.
Is PaydayLoanList.com a lender?
No, PaydayLoanList.com is not a lender. We operate as a broker, utilizing an algorithm to match your loan requirements with our panel of reputable lenders and credit brokers. We do not provide loans directly or make credit decisions.
How do I apply for a loan?
You have two options:
- Apply Through Us: Submit your loan application via our platform, and we will forward your request to multiple lenders on your behalf.
- Visit Lender’s Website: Click on the “Visit Lender Site” button next to each lender to apply directly on their official website.
What information do I need to provide to apply for a loan?
Typically, you will need to provide:
- Personal Information: Name, address, phone number, and email.
- Financial Information: Employment details, income, and bank account information.
- Loan Details: Desired loan amount and repayment terms.
How quickly can I receive loan offers after applying?
Once you submit your application, lenders will review your information and may contact you within minutes to a few hours with loan offers. The exact timeframe depends on the lender's internal processes and your financial situation.
Are there any fees to use PaydayLoanList.com?
No, PaydayLoanList.com does not charge any fees for using our services. Our platform is free for users to access, browse the directory, and submit loan applications. We earn a commission from lenders when they accept your application, but this does not incur any costs for you.
Can I receive multiple loan offers through PaydayLoanList.com?
es, by submitting your application through our platform, your request is sent to multiple lenders simultaneously. This increases your chances of receiving competitive loan offers with favorable terms tailored to your financial situation.
How quickly can I receive loan offers after applying?
Our directory is user-friendly and equipped with search and filter functionalities. You can:
‍Search by Loan Type: Filter lenders based on the type of loan you need (e.g., payday loans, personal loans).
‍Filter by State: Select your state to find lenders that operate in your region.
‍Sort by Rating or APR: Organize lenders based on user ratings, interest rates, or other criteria.
‍Read Reviews: Access detailed reviews and ratings from other users to assess the credibility and performance of each lender.
How are lenders selected for the directory?
We actively search the web to include a diverse range of lenders in our directory, providing valuable information about each. Our content is generated using AI and thoroughly reviewed by our team to ensure transparency, highlighting both the strengths and potential drawbacks of each lender.
Are all lenders in the directory part of your application pool?
No, not all lenders in our directory receive loan applications from us. Additionally, some lenders we send applications to may not be listed in the directory. This ensures a broad selection of information for users while maintaining a focused pool of trusted lenders for applications.
What is a Payday Loan?
A payday loan is a short-term, high-interest loan typically due on your next payday. It is designed to provide quick cash to cover unexpected expenses or urgent financial needs. Payday loans are usually for smaller amounts and have a repayment period of two to four weeks.
What is an Installment Loan?
An installment loan allows you to borrow a larger sum of money and repay it over a longer period through fixed monthly payments. Unlike payday loans, installment loans offer lower interest rates and more manageable repayment terms, making them suitable for covering significant expenses or consolidating debt.
What is a Cash Advance Loan?
A cash advance loan is a short-term loan that provides you with immediate access to cash, often against your next paycheck or a credit card balance. Cash advances are useful for covering emergency expenses but typically come with higher interest rates and fees compared to traditional loans.
What is a Personal Loan?
A personal loan is a versatile loan that you can use for various purposes, such as debt consolidation, home improvements, or major purchases. Personal loans usually offer competitive interest rates and flexible repayment terms, allowing you to repay the borrowed amount over several months or years.
What is a Line of Credit?
A line of credit is a flexible loan option that allows you to borrow up to a predetermined limit as needed. You can draw funds, repay them, and borrow again within the credit limit. Lines of credit are ideal for ongoing expenses or managing cash flow, offering more flexibility than traditional lump-sum loans.
What is a Debt Consolidation Loan?
A debt consolidation loan combines multiple debts into a single loan with one monthly payment. This can simplify your finances, reduce interest rates, and lower monthly payments, making it easier to manage and pay off your debts more efficiently.
Are loans available in all states?
No, our services are not available in certain states due to varying state regulations regarding payday and small-dollar lending. Specifically, we do not provide our service in the following states: Arkansas, Connecticut, New Hampshire, New York, Montana, South Dakota, Vermont, West Virginia, Indiana, and Minnesota.

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Installment loans up to $3,000 with quick online application

Possible Finance

Small loans up to $500 with installment repayment and credit building

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Tribal installment loans up to $1,500

RSVP Loans

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Power Finance Texas

Flexible installment loans up to $1,250 available in Texas

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ayday Loan List
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Important Disclosures. Please Read Carefully

PaydayLoanList.com is NOT a lender, broker, or agent of any financial institution. We do not make loan or credit decisions, nor do we endorse or charge for any services or products. Our website serves solely as a lead generation and informational platform to connect users with potential lenders. Loan amounts and cash transfer times vary by lender, and completing an application does not guarantee approval. Each lender has its own terms, conditions, and renewal policies—please review them carefully before signing any agreement. Late payments may result in additional fees or collection activities. Please borrow responsibly. By using this site, you confirm that you are at least 18 years old, a U.S. resident, and not residing in any state where the loan you are applying for is prohibited.
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