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7 loans like Spotloan

Find lower rates, longer terms and higher amounts with these alternatives.

Spotloan’s installment loans are limited compared to other providers — you can only borrow between $300 and $800, with a maximum term of 10 months.

But with Spotloan carrying annual percentages as high as 490%, it’s possible to find a cheaper option. Here are some companies and lenders that offer loans similar to Spotloan.

Our 7 top loans like Spotloan

Alternative for lower rates

OppLoans Installment Loans

4.4 / 5 ★★★★★

With an annual percentage rate (APR) cap of 160%, OppLoans offers lower cost funds than your typical installment loan provider. It also reports your payments to credit bureaus, which can help improve your credit score. And it offers the option to change your due date if you can't make a payment. But it has relatively high income requirements in some states and you must get paid through direct deposit to qualify.
  • Not available in: Colorado, Connecticut, Hawaii, Illinois, Iowa, Maine, Maryland, Massachusetts, Nevada, New Hampshire, New Jersey, New Mexico, New York, Pennsylvania, South Dakota, Vermont, West Virginia
  • Rate cap at 160%
  • Can improve credit
  • Flexible due date
  • Minimum monthly income
  • Must get paid with direct deposit
  • Requires active bank account
Loan amount$500 - $4,000
Interest rate typeFixed
Loan Term9 to 18 months
Turnaround time1 business day

Alternative for no credit check installment loans

Possible Finance Mobile Installment Loans

Possible Finance is an app that doesn't even consider your credit history when you apply for a loan. However, it still reports all payments to credit bureaus to boost your score when you pay on time. And if you have a Visa debit card, you can get your funds the day you're approved. But with loans capped at $500 and terms no longer than to two months, it's closer to a payday loan than most other installment loans. People have also reported issues using the app in the past.
  • Available in: Alabama, California, Delaware, Florida, Idaho, Indiana, Iowa, Kansas, Louisiana, Michigan, Ohio, Oklahoma, Rhode Island, Texas, Utah, Washington
  • No credit check
  • Can improve credit
  • Same-day funding for Visa debit card holders
  • No terms over two months
  • Technical problems with app
  • Only available in seven states
Loan amountUp to $500
Interest rate typeFixed
Loan TermUp to 2 months
Turnaround timeAs fast as 1 business day

Alternative for when you’re not sure you’ll need the funds

ACE Cash Express Short-term Loans

3.6 / 5 ★★★★★

Ace Cash Express allows you to return your loan within 72 hours without any cost. This makes it a good option for when you're not sure how much you need to borrow — or if you'll need a loan at all. It also offers same-day funding if you apply in a store and other services like prepaid debit cards. But it doesn't disclose interest rates online, which can be the sign of a high-cost loan. And installment loans might not be available in your state.
  • Only available in: California, Delaware, Florida, Idaho, Kansas, Louisiana, Minnesota, Missouri, New Mexico, Ohio, Texas
  • 72-hour return period
  • Same-day funding available
  • Apply online or in person
  • Installment loans not available everywhere
  • Doesn't disclose cost online
  • Some negative customer reviews
Loan amount$100 - $5,000
Interest rate typeFixed
Loan TermVaries by state
Turnaround timeAs fast as same business day

Alternative for quickly comparing offers

LendYou Short-term Loans

2.5 / 5 ★★★★★

LendYou allows you to compare offers from multiple lenders by filling out a quick online form when you don't have the time to shop around. It's one of the few connection services that's a member of industry organizations like the Online Lenders Alliance (OLA). But you might have to field calls and emails from short-term lenders after you use this service — even after you choose a loan. And you won't know the rates and fees available until after you submit personal information.
  • Not available in: Arkansas, New Hampshire, New York, Vermont, West Virginia
  • Member of Online Lenders Alliance
  • Quickly compare multiple offers
  • Secure website
  • Potentially high APRs
  • $1,000 monthly income requirement
  • May receive marketing materials from partners
Loan amount$100 - $2,500
Interest rate typeFixed
Loan TermVaries
Turnaround timeSame business day to 1 business day

Alternative for repeat borrowers

LendUp Payday Loans

LendUp is a payday and installment loan provider that allows you to unlock higher loan amounts if you're a repeat borrower in good standing. For borrowers in some states, it also reports payments to credit bureaus to improve their credit score. But you won't qualify for an installment loan the first time around. And rates can top 1,000% APR.
  • Only available in: California, Louisiana, Mississippi, Missouri, Tennessee, Texas, Wisconsin
  • Loans as low as $100
  • Can improve credit in some states
  • Credit educational resources
  • Rates over 1,000% APR
  • Loans capped at $250 the first time
  • Credit reporting not available everywhere
Loan amount$100 - $250
Interest rate typeVariable
Loan Term7-30 days
Turnaround timeAs soon as the next business day

Alternative for using collateral to get a lower rate

OneMain Financial personal loans

3.4 / 5 ★★★★★

OneMain Financial is a personal loan provider that specializes in bad credit. It offers secured loans to help you qualify for a lower rate and could be one of the better deals available to you. With APRs from 18% to 35.99%, rates are high for a personal loan but lower than most bad credit options. But some credit history is required to qualify.
  • Not available in: Alaska, Arkansas, California, Connecticut, Massachusetts, Michigan, Rhode Island, Vermont
  • Personal loans for bad credit
  • Max APR 35.99%
  • Secure your loan for lower rate
  • Requires credit history
  • High missed payment fee of $50
  • Requires full property insurance on collateral
Loan amount$1,500 to $20,000
APR18% to 35.99%
Interest Rate TypeFixed
Minimum credit scoreVaries
Turnaround TimeAs soon as the same day
Maximum Loan Term5 years
Minimum Loan Term2 years

Alternative for when you need $50 today

Check Into Cash Payday Loan

4.5 / 5 ★★★★★

Check Into Cash is one of the biggest payday lenders in the country — and one of the only that offers loans as low as $50 in some states. If you apply in person at a location, you can get your money as soon as the day you're approved. But the fees charged create high APRs, and installment loans aren't available everywhere. Make sure it offers what you're looking for in your state before you apply.
  • Available in: Alabama, Alaska, Arkansas, California, Colorado, Delaware, Florida, Georgia, Hawaii, Idaho, Indiana, Iowa, Kansas, Kentucky, Louisiana, Michigan, Mississippi, Missouri, Nevada, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Utah, Washington, Wisconsin, Wyoming
  • Established, legitimate payday lender
  • Loans as low as $50
  • Same-day funding available
  • High APRs
  • Installment loans not available in every state
Loan amount$50 - $1,000
Interest rate typeFixed
Loan TermVaries by state
Turnaround time1 to 2 business days

How does Spotloan compare?

You can read our review of Spotloan to get a full picture of how this provider works. But here are the main benefits and drawbacks of borrowing from Spotloan.


  • Variable repayment plans
  • Easy online application
  • Money available the next day if you apply by 5 p.m. ET


  • Offers loans from $300 to $800 only
  • APR and fees depend on the terms you qualify for

Compare our top picks for bad credit loans to find the best deal available to you.

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