There are several best loans like spotloan in the market that every borrower who needs quick cash can fall on. In this article, we will be looking at best alternative loans like spotloan that borrowers can go in for. But we first talk briefly about spotloan before narrowing it down to our main topic for discussion.
Spotloan is an online lending company that provide temporary personal and business loans with installment payment method. It is a direct form of loan that takes few minutes to get your loan amount or know your stand on a location application.
Since spotloan is an unsecured loan which doesn’t involve any form of security or collateral, interest rate is high. You can get a loan between $300 to $800 and repay on monthly installment basis. It’s easy to apply with them online with different repayment plans.
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Spotloan Eligibility Requirements
It’s very simple to qualify for a loan under this company as it is noted that their main focus isn’t on credit score but with a good score of 640, you have extra extra chances. Let’s check out the requirements below;
- Be at least 18 years old
- Have a job or a consistent source of income
- Have a checking or savings account
- Social Security number
- Working e-mail address and phone number
Best Loans like Spotloan
OppLoans
With no credit check, you can get a loan between $500 to $4,000 and make monthly installment payment. Processing of loan application is usually done between 1-2 business days.
LendUp
This online loan lender offer both payday and installment loans like Spotloan. You can acquire a loan between $500 to $5,000 from LendUp. But one disadvantage to first timers is that they cant borrower much.
CashAdvance
This is an online company that link borrowers to lenders. They help borrowers find the right lenders based on their creditworthiness. CashAdvance easily get you lenders with no credit check and can offer you a loan between $100 to $999.
PersonalLoans
This is also an online company just like CashAdvance, they do not provide loans directly but rather help you get a lender. PersonalLoans connect you with lenders that provide quick and emergency cash and pay within few months.
Rise Credit
You can apply from loan between $500 to $5,000. Apply in minutes and receive your cash into your account the next day. No credit credit is required.
CashNetUSA
They provide you with fast and convenient loans between payday loans, installment loans and other forms of loans. You are assured of receiving your loan same day.
Possible Finance
This online lender helps you improve upon your credit score if you have a bad or no credit history. For Visa debit card holders, you can receive loan same day. You can also borrow up to $500 for up to 2 months repayment period.
OneMain Financial
They provide fast personal loans with bad or no credit history. You can get a loan between $1,500 to $20,000 with fixed low interest rate on the same day.
LendYou
With the likes of LendYou, CashAdvance and others are online companies that get you connected to lenders. LendYou help you find a short-term loan at a fast pace.
The above best loans like Spotloan are not available in all states in the US. You can always count on them as alternatives for Spotloan when it comes to needing an emergency cash.
