Direct Lenders Like SpotLoan & Similar Loans

Spot Loan

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. 

In case of emergency expenses, you can take a loan like SpotLoan offers. A normal stable job is enough to qualify for a SpotLoan-like loan of up to $800 by the next day. If you want a larger loan amount, you should explore other loans like SpotLoan.

There’s never a bad idea to know your options. Even if you had a positive experience with SpotLoan before, check out what alternative direct lenders like Spot Loan can offer you.

OppLoans

OppLoans makes our list of lenders like SpotLoan today. 

This online platform operates in 37 states, including the District of Columbia. Since 2012, it offers unsecured installment loans for bad credit borrowers. The possibility to get loans like OppLoans within 1-2 days and the option to change the payment date are among the benefits. 

Yet, when it comes to downsides, high rates and short maximum repayment terms are one of those.

Companies like SpotLoan or OppLoans are a great option for those who are strapped for cash. 

How much can you get? From $500 to $4,000. The beauty of installment loans like SpotLoan or OppLoans is that no credit check is needed. Simply put, if you’re on the lookout for an alternative to payday loans, it makes sense to consider this option. 

If the borrower’s ability to repay the loan is risky, OppLoans encourages a person to seek cheaper options.

Anyway, no matter the purpose of your loan – urgent bills, auto repairs, wedding, or a big-ticket purchase – OppLoans could be right for your needs. Sure, cheaper alternatives are not always fast or convenient, yet it makes sense to do research.

When you require a certain sum for the short term, online loans like Spot Loan, OppLoans may be helpful. Here are the main benefits and drawbacks of this lending service.

Pros:

Cons:

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 loans

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 cash quickly, 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:

Cons:

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
CashNetUSA loans

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:

Cons:

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
RiseCredit loans

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:

Cons:

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
SpeedyCash loan

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:

Cons:

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:

Cons:

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:

Cons:

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.

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.

4 thoughts on “Direct Lenders Like SpotLoan & Similar Loans

  1. What type of income should I have to qualify for such small loans? Do the companies accept those with welfare benefits?

    1. 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.

  2. This article was very useful. Thanks for sharing direct lenders and crediting services where I can obtain quick cash for my needs!

  3. 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.

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