
The number of direct lenders like SpotLoan is huge. They offer customers to access funding fast without the drawn-out process that is common for bank loans.
Pros:
- No collateral. Consumers don’t need to back the debt up with collateral as this lending option is unsecured. Thus, it offers fewer risks to the clients.
- No paperwork. There are no documents you need to send or fax. The application process for getting payday loans like Spot Loan is streamlined and requires less hassle than other lending services.
- Quick funding. Borrowers will be funded within 24 or 48 business hours. The money will be deposited directly into their bank account.
- Poor credit. Clients with almost every credit history may qualify for loans like Spot Loan and OppLoans. The lenders conduct a soft credit inquiry and often approve the applications.
Cons:
- High rates. Although there are many benefits of installment loans like SpotLoan, the interest rates are higher compared to other creditors. In almost every state, the APR for this lending solution is 160% which may not be affordable for some clients.
- Short repayment term. Although you have a regular monthly payment, the overall repayment schedule isn’t so flexible and 18 months is considered the maximum term to pay the total sum off.
APR:
The APR for every state is 160% while the borrowers may request between $500 and $4,000 for 9 to 18 months.
Amount
$500
Days
30
APR
160%
Repay
In time
Return
$566.67
LendUp

LendUp is the other direct lender that offers payday and installment loans similar to SpotLoan.
If you’ve found yourself in a bind and need money now, LendUp can be right for you.
Are you a first-time borrower? Then you can qualify for a loan between $100 and $250. Need more money? LendUp offers loans between $500 to $5,000.
Also, it offers a wide range of payback terms with no prepayment penalties. High-interest rates and availability in only 24 states are among the cons.
The coolest thing about LendUp is that it encourages a borrower to strive for a better financial future. Thus, you can earn points for taking financial literacy courses or making timely payments. As a result, you move up the Ladder to better financial products at better rates.
Yet, once you’ve reached the Platinum level, LendUp reports your credit to the three major credit bureaus. As such, it’s not a good option if you want to build your credit.
To qualify for a loan, you can have even a thin credit file or a damaged one. The company claims that good credit is not a must.
Need quick cash before your next paycheck? This SpotLoan competitor offers funding in as little as one business day. If your credit is strong enough, it makes sense to consider other borrowing alternatives.
Pros:
- Poor credit. Clients with almost every credit history may qualify for more loans like Spot Loan. The lenders conduct a soft credit inquiry and often approve the applications.
- No collateral. Consumers don’t need to back the debt up with collateral as this lending option is unsecured. Hence, you face fewer risks even if you have issues with debt repayment.
- No paperwork. There are no documents you need to send or fax. The application process for getting short term loans like SpotLoan is streamlined and requires less hassle than other lending services.
- Quick funding. Borrowers will be funded within 24 or 48 business hours. The money will be deposited directly into their bank account.
- Encourages clients. You may obtain special points for making on-time payments on your loan or taking financial literacy courses. Then, you will be able to qualify for better terms.
Cons:
- High rates. In almost every state, the APR for this lending solution is over 214.13% which may not be affordable for some clients
- Small sum. If you want to borrow the funds for the first time here, you will be able to qualify for a smaller sum of $100 to $250. It may not be enough in many cases.
APR:
The APR can vary between 214.13% and 917.71% which is rather high. You can obtain maximum of $255 as a first-time borrower and only after some time you may obtain from $500 to $5,000.
Amount
$100
Days
14
APR
458.86%
Repay
In time
Return
$117.60
CashNetUSA

When on the lookout for sites like SpotLoan, CashNetUSA is worth your attention.
It provides payday loans, installment loans, and even lines of credit in only 29 states. Thus, if you’re in a money glitch, this leading state-licensed lender has offered fast funding since 2004. No wonder it has become a high alternative for customers trying to handle major financial emergencies.
To apply for a loan, it’s enough to meet all eligibility criteria. CashNetUSA offers a minimum loan amount of $100 and up to $1,500. The application process is fast and convenient, allowing you to get your funding within 24 hours. There are never any hidden fees, and that’s also a benefit.
Have bad credit? The good news is that there’s no minimum credit score listed, so someone with bad credit is able to qualify for a loan, too.
At the end of the day, the company’s APR tends to be higher than what other loan companies like SpotLoan offer. Also, the lender charges a fee for the cash borrowed. To add, CashNetUSA provides interactive tools and educational resources.
Not sure if this SpotLoan competitor is right for you? Check out for more alternatives.
Pros:
- Unsecured solution. Clients may receive a certain amount without any collateral. If you don’t have a house, a car, or any other valuable asset to secure the debt, creditors won’t even ask about it.
- Interactive tools. Lots of educational resources, blog articles, and interactive tools and offered on the company website free of charge to support consumers and help them become more financially literate.
- Bad credit. Are there loans like SpotLoan that accept consumers with any credit? Yes, you may apply to the CashNetUSA company and have high chance of getting approved for a small loan with almost every credit rating.
Cons:
- Not in every state. The loans might be issued only in 29 states of the USA so you should check the details about lending options in your area.
- High rates and fees. Other loans like SpotLoan may cost less but this company offers higher fees on lending products.
APR:
The company has a fee of $25 for every $100 borrower, plus 10% interest rates on loan principal for the payday lending solution. The borrower may request up to 35% of their gross monthly income or $1,800. The repayment term is between 8 and 35 days.
Amount
$200
Days
14
APR
664.17% plus $0.94 lender interest
Repay
In time
Return
$250.95
RISE Credit

Although RISE Credit comes with high interest rates, it could be an option for you. This lender is a good variant for borrowers who are unable to qualify for a loan elsewhere.
The beauty of this online lender is that it offers a progressive rate system. Once a borrower makes on-time payments over time, his credit improves. Also, RISE Credit provides personal loans and a variety of other financial services.
Face unexpected expenses but been rejected by other lenders? RISE Credit accepts even borrowers with poor credit. Yet, get ready for high APR from 50% up to 299%.
The good news is that RISE Credit doesn’t charge application or prepayment fees. Thus, you can qualify for a loan from $500 to $5,000 and pay it back over four to 26 months. Sure, the terms and APR vary from state to state.
Important to note that if you plan to build credit, this SpotLoan-like company is not a good idea. Unless you’ve ruled out all the alternatives, RISE Credit could help you get cash in an emergency.
Pros:
- Quick funding. Borrowers will be funded within 24 or 48 business hours. The money will be deposited directly into their bank account.
- Poor credit. Clients with almost every credit history may qualify for money loans like SpotLoan. The lenders perform a soft credit pull and often approve the applications.
Cons:
- High fees and charges. If you haven’t been approved in other places, it may be a good idea to choose this service. Otherwise, get ready to pay a lot in interest.
- You can’t boost your credit. This is not a traditional lending institution that may help you improve your credit history. It’s a suitable alternative when you are strapped for funds.
APR:
Borrowers may obtain from $500 to $5,000 for various needs. The repayment period is between 7 and 26 months. The interest rate is based on the client’s credit rating and can be from 99% to 149% which is not low.
Amount
$1,000
Days
14
APR
148.59%
Repay
In time
Return
$1,081
Speedy Cash

Need a financial boost? SpeedyCash could be the one-stop solution for you. It’s the other online lender that works the same quickly and easily as the other lenders that offer loans like Spot Loan. It lets customers not only apply for new loans but also manage existing ones.
So, what can you get from SpeedyCash? Quick and easy way to get funding even with bad credit. Thus, you can qualify for a $100-$15,000 loan to cover your unexpected expenses, medical bills, and the like.
Also, the lender offers a number of financial services that you can use both online and in its physical store. Today, SpeedyCash works in almost 20 states and provides flexible repayment options, including loan refinancing.
To add, this SpotLoan-like lender lets you cancel the credit within a 24 grace period. If you succeed, you won’t pay any fees. Otherwise, you might come across some charges.
Anyway, getting financing from SpeedyCash is easy. But first, it makes sense to learn the rules of the company. Thus, you’ll skip unexpected problems.
Pros:
- Fast cash. Online lenders like Spot Loan and Speedy Cash issue the funds quickly and with no hassle which is convenient for the clients who are in an urgent money need.
- Low credit. Almost every application is approved by this online service. Don’t worry if your loan request was denied in other places.
Cons:
- Not in every state. There are about 20 states in which consumers may find Speedy Cash today. You need to check the details on the company site and look for the fees available in your area.
- High rates. As this company offers title loans, payday loans, and installment loans, the fees and charges may vary but the interest rates are rather high compared to other conventional lending services.
APR:
Consumers may request from $50 to $26,000 for any purpose and the repayment term is flexible. Payday loans are typically issued for 14 or 30 days. The APR for a 14-day loan term is 460.16% while the APR for a 30-day loan term is 214.74%.
Amount
$500
Days
14
APR
460.16%
Repay
In time
Return
$588,25
PersonalLoans
Unlike all the above-mentioned companies similar to SpotLoan, PersonalLoans is not a direct lender.
Launched in 2017, this online platform works as a convenient place to obtain a personal loan through a reliable network of lenders. Once you land on its website, there’s a pool of online lenders ready to work with you. It would be a great choice for those who can’t choose the lender.
So, how does it work? The company serves as a connection between a lender and a borrower. As such, you fill in the request form, including a loan amount, credit type, and income information, and get connected with the potential lender.
If you’re looking for an easy way to cope with financial problems, PersonalLoans could be the solution. As a result, you save time and get a loan offer from a lender like SpotLoan even with bad credit. Indeed, the loan requirements depend on the lender and the loan type you choose.
Pros:
- No paperwork. There are no documents you need to send or fax. The application process for getting online payday loans like Spot Loan is streamlined and requires less hassle than other lending services.
- Quick funding. Borrowers will be funded within 24 or 48 business hours. The money will be deposited directly into their bank account.
- Large amount to obtain. Clients may request up to $35,000 for their needs but this sum isn’t offered in the majority of lending places.
Cons:
- High fees. Not every consumer will agree to pay high interest rates but those who have poor credit may need to accept this offer or get rejected in other places.
- Not a direct lender. Apart from other companies, this is an online loan-connecting service that cooperates with a pool of direct creditors in many states so each creditor may ask for various rates and terms.
APR:
Consumers may obtain from $1,000 to $35,000 for the period of 90 days to 72 months. The payments should be made once or twice a month as agreed with your service provider. The APR changes among lenders and is based on the client’s repayment history, credit rating, and other factors.
Amount
$2,000
Days
14
APR
24%
Repay
In time
Return
$2,269.44
CashAdvance
Want to borrow money through CashAdvance? Well, here’s what to consider before you apply.
First, it’s an online lending network that works with a huge number of lenders. Second, it lets anyone qualify for a loan. Finally, it’s a great place for people in need of emergency financing. Yet, there are downsides you should know before applying.
CashAdvance is not available in all states, so make sure it can serve you in your state. Also, the loan amounts and terms vary. In general, you can opt for a loan between $100 and $999 and repay it within 7 or 60 days.
As you see, CashAdvance isn’t a great match for a long-term solution to your financial situation. When it comes to the APR, its rates range from 15% to 1,564%, which is huge.
Pros:
- Unsecured solution. Clients may receive a certain amount without any collateral. If you don’t have a house, a car, or any other valuable asset to secure the debt, creditors won’t even ask about it.
- Bad credit. Are there other lenders like Spot Loan that accept consumers with any credit? Yes, you may apply to the CashAdvance company and have high chances of getting approved for a small loan with almost every credit rating.
Cons:
- Not in every state. Consumers may get funded for their needs not in every state. You need to check the details on the company site and look for the fees available in your area.
- Not a direct lender. This service doesn’t issue the loan itself as it’s just a loan-matching company and online platform where you may leave your application and reach numerous lenders.
APR:
Consumers can request from $100 to $999 for the period of 7 to 60 days. The APRs change as every creditor offers various rates but you may obtain a loan with an APR from 15% to 1,564%. The interest rates are really high so borrowers prefer to compare terms with other service providers.
Amount
$500
Days
7
APR
782% – 1546%
Repay
In time
Return
$575 – $650
Online Payday Loans like SpotLoan That Take Disability
Many consumers are worried about the type of employment or paycheck they need to provide to the creditor with their application. Installment loans like Spot Loan and the above-mentioned companies offer a chance to get funded to almost every borrower. Welfare benefits, as well as disability benefits, are also considered monthly income although the person isn’t employed.
Hence, you may take out online loans like Spotloan even if you are on disability benefits. Such clients are also eligible for a small personal or installment lending solution if they urgently require some cash to fund their needs. So, consumers on disability benefits are treated the same way as any other client or borrower.
Loans Like Spot Loan Lower Interest Rate
Many consumers are looking for alternative lending companies and services to compare the rates and find the best solution. If you want to find direct lenders like Spot Loan near you it’s necessary to search in your area or state. Some states prohibit payday lending options while the majority of creditors have their own offers with particular rates.
Borrowers should take some time to review each company or crediting institution. Your aim is not only to check the eligibility criteria but also to compare the loan conditions, the APRs, other charges, necessary documents, the repayment term, etc. This way you will be able to find the most attractive offer tailored to your needs and save your cash in the long run.
Installment or Payday Loans Like SpotLoan Near You
Some clients aren’t sure which lending solution they actually need. You should understand your monetary needs and the ability to repay the debt. If you are seeking a larger amount for a longer period, getting an installment loan will be a smart idea as it will give you more flexibility and lower rates. In case you want a smaller sum for a shorter term, getting loans just like SpotLoan as a payday solution is preferable.
Payday lending options are issued for a couple of weeks so they can’t be utilized to fund long-term expenses. Although it’s a quick solution and doesn’t need any paperwork or queues of people, you need to compare several offers as the interest rates and the APRs can be higher. It happens because lenders offer unsecured solutions and they need to boost the guarantee that the client will return their funds on time.
So, which option will work for you?
All in all, the list of alternative lenders like SpotLoan is long enough. No matter what option you’ll end up with, it’s always smart to review the offers and compare the rates of several lenders. Don’t sign the agreement until you’re sure of your choice.
What type of income should I have to qualify for such small loans? Do the companies accept those with welfare benefits?
Hello. The majority of the mentioned apps and crediting companies accept borrowers who have steady employment or are self-employed. However, you may also qualify for their lending options if you receive disability or welfare benefits. You may check the details with the creditor of your choice while you should also learn if the loan is offered in your state.
This article was very useful. Thanks for sharing direct lenders and crediting services where I can obtain quick cash for my needs!
Thank you for this great piece of advice. In my opinion, many consumers will benefit from this article especially those who just need a small amount for the short term.