Sites like Spotloan that offer installment loans | finder.com

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7 loans like Spotloan

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

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Editor's choice: OppLoans Installment Loans

OppLoans Installment Loans logo
  • Easy online application
  • Quick approval
  • Fast funding
  • Long repayment terms
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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. And with annual percentages as high as 490%, it’s possible to find a cheaper option. These lenders can offer higher loan amounts, lower rates and longer terms.

Our 7 top picks like Spotloan

For lower rates

OppLoans Installment Loans

4.4 / 5 ★★★★★

With an annual percentage rate (APR) cap of 160%, OppLoans offers lower than your typical installment loan provider. It also reports on-time payments to credit bureaus to improve your credit score. And it offers the option to change your due date if you can't make it. But it has relatively high income requirements in some states and you must get paid through direct deposit to qualify.
  • Rate cap at 160%
  • Can improve credit
  • Flexible due date
  • Minimum monthly income
  • Must get paid with direct deposit
  • Requires active bank account
Min. Amount$500
Max. Amount$5,000
Interest rate typeFixed
Loan Term9 to 24 months
Turnaround time1 business day

For repeat borrowers

LendUp Payday Loans

LendUp is a payday and installment loan provider that allows you to unlock higher loan amounts to repeat borrowers in good standing. For borrowers in some states, it also reports payments to credit bureaus to improve your score. But you won't qualify for an installment loan the first time around. And rates can top 1,000% APR.
  • 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
Min. Amount$100
Max. Amount$250
Interest rate typeVariable
Loan Term7-30 days
Turnaround timeAs soon as the next business day

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 2 months, it's closer to a payday loan than most other installment loans. People have also reported issues using the app in the past.
  • No credit check
  • Can improve credit
  • Same-day funding for Visa debit card holders
  • No terms over 2 months
  • Technical problems with app
  • Only available in 7 states
Max. Amount$500
Interest rate typeFixed
Loan TermUp to 2 months
Turnaround timeAs fast as 1 business day

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 you still need some kind of credit history to qualify.
  • 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
Interest Rate TypeFixed
Min. Credit ScoreVaries
Turnaround TimeAs soon as the same day
Maximum Loan Term5 years
Minimum Loan Term2 years

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 APRs often top 300%, and installment loans aren't available everywhere. Make sure it offers what you're looking for in your state before you apply.
  • Established, legitimate payday lender
  • Loans as low as $50
  • Same-day funding available
  • APRs often over 300%
  • Installment loans not available in every state
Min. Amount$50
Max. Amount$1,000
Interest rate typeFixed
Loan TermVaries by state
Turnaround time1 to 2 business days

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.
  • 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
Min. Amount$100
Max. Amount$5,000
Interest rate typeFixed
Loan TermVaries by state
Turnaround timeAs fast as same business day

For quickly comparing offers

LendYou Short-term Loans

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 if you've already chosen a loan. And you won't know the rates and fees available until after you submit personal information.
  • 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
Min. Amount$100
Max. Amount$15,000
Interest rate typeFixed
Loan TermVaries
Turnaround timeSame business day to 1 business day

Compare more providers

See more options available to you by selecting your state.

Data updated regularly
Name Product Filter Values Loan amount Turnaround time Requirements
OppLoans Installment Loans
$500 - $5,000
1 business day
Direct deposit, meet minimum income requirements, live in eligible state
Comes with the option to change your due date so you won’t fall behind on repayments.
Pheabs installment loan connection service
$100 - $35,000
As soon as next business day
Fair credit accepted
Check Into Cash Payday Loan
$50 - $1,000
1 to 2 business days
Bank account, email address, phone number, US citizen or permanent resident, ages 21+
Plus, get access to check cashing, cell phone top ups, bill pay and more at one of its many storefronts.
Fast5kLoans Short-term Loans Connection Service
$100 - $35,000
As soon as the next business day
Regular source of income, verifiable bank account, US citizen, ages 18+
Get connected with multiple lenders you might qualify with — even if you have bad credit.
Monevo Installment Loans
$500 - $100,000
Varies by lender
Credit score of 500+, legal US resident, ages 18+
Quickly compare multiple online lenders with competitive rates depending on your credit.
BadCreditLoans.com
$500 - $10,000
Varies
Depending on lender requirements, people from all 50 states may not be eligible for a personal loan.
With straightforward, simple qualifications, these loans offer easy approval for people with poor credit.
LendYou Short-term Loans
$100 - $15,000
Same business day to 1 business day
$1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+
Get offers from potential lenders in minutes by filling out just one online form.
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Compare up to 4 providers


How does Spotloan stack up?

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.

Pros

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

Cons

  • 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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2 Responses

    Default Gravatar
    LoriJune 9, 2019

    I would like to borrow $600 without paying it back for say 5-6 months.

      Avatarfinder Customer Care
      JeniJune 10, 2019Staff

      Hi Lori,

      Thank you for getting in touch with Finder.

      I’m afraid that we do not have list of providers that would let you borrow $600 without paying back for a few months. Basically, short-term loans should be paid on a certain repayment frequency like weekly, fortnightly or monthly. I suggest that you get in touch with your chosen lender to know if your request is possible.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

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