Spotloan can deliver short-term installment loans up to $800 for first-time borrowers and is an excellent alternative to payday loans when cash is needed quickly to deal with a financial emergency, or just to make it to your next paycheck.1 With Spotloans, loans are tailored to fit your budget and situation, paid back over terms as long as 10 months instead of one lump-sum payment. Applying is super-easy, all online, taking only a few minutes and borrowers may be funded as soon as the same day or by the next business day, if approved.5
Partner Disclosure
Although we don't cover every financial product or company, we strive to offer a diverse selection of offers and objective editorial viewpoints from the Max Cash content team. Our partners and affiliates, which include some of the lenders we may recommend, have no bearing on our editors' opinions or ratings, which are dependent on internal opinion and derived from analysis and research. You can find a list of our partners here.
Pros and Cons of Spotloan for Installment Loans
Spotloan can be an alternative option to payday loans for those needing quick and flexible financial solutions through installment loans.5
- Spotloan fully considers applicants with bad credit for installment loans
- Prequalifying does not impact credit
- Pay back loan in terms of up to 10 months
- If approved, funds may be deposited as soon as the same day or by the next business day5
- Interest rates may run as high as 490%
- Not available nationwide
- Borrowers are required to have active checking accounts
- Although loan terms may be longer, it may potentially incur more interest being paid
How Spotloan for Installment Loans Compares
to Other Options
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| Max Cash's Rating | |||
| Repayment Terms | Up to 10 Months | Up to 90 Days for Installment Loans⁴ | N/A |
| Funding Timeline | Receive funds on the same day or by the next business day | Receive funds on the same day or within 24 hours | Receive money by the next business day in some cases. |
| Bottom Line | Spotloan can deliver installment loans up to $800 for consumers needing emergency funding but without payday loan inconvenience.1 Apply online and potentially be approved in minutes, but in select states only. |
Cash 1 Loans offers various and convenient loan solutions to individuals with less-than-perfect credit, but is only available within certain locations.5 |
USA Web Cash can provide loans to eligible borrowers in Alabama, Idaho, Missouri, North Dakota, South Carolina, Texas, Utah and Wisconsin. If you do not live in a serviceable state, other options can be found.5 |
Frequently Asked Questions about
Spotloan for Installment Loans
Call (888) 681-6811 to speak to a knowledgeable and friendly Spotloan agent.
Spotloan is currently not accredited by the Better Business Bureau (BBB).
Ready to See if You Qualify for Funding?
Partner Disclosure
Although we don't cover every financial product or company, we strive to offer a diverse selection of offers and objective editorial viewpoints from the Max Cash content team. Our partners and affiliates, which include some of the lenders we may recommend, have no bearing on our editors' opinions or ratings, which are dependent on internal opinion and derived from analysis and research. You can find a list of our partners here.