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.