Aliyyah Camp is a writer and personal finance blogger who helps readers compare personal, student, car and business loans. Aliyyah earned a BA in communication from the University of Pennsylvania and is based in New York, where she enjoys movies and running outdoors.
What is Slam Dunk Loans?
Slam Dunk Loans is a short-term loan connection service issued through Round Sky, an ad agency for payday and installment loans.
If you’re unsure of which direction to go for a payday loan, Slam Dunk Loans may be able to connect you with a short-term lender from its nationwide network. You can borrow between $200 and $50,000, depending on your state. Other terms, like the length of your contract and the fees you pay, will depend on your lender.
You don’t necessarily need good credit to be approved, but you must make at least $800 a month and have an active checking account in order to be considered.
Slam Dunk Loans only services specific states
Slam Dunk Loans doesn’t offer loans to residents of Arizona, Arkansas, Connecticut, the District of Columbia, Georgia, Maryland, Massachusetts, New Jersey, New York, North Carolina, Oregon, Pennsylvania, Vermont, Virginia or West Virginia.
From its fast turnaround to its lax credit requirements, here are a few perks of finding a lender through Slam Dunk Loans:
Poor credit welcome. Slam Dunk Loans works with lenders that accept borrowers from all financial backgrounds, including those with bad credit or who’ve been involved in bankruptcy.
Fast funding. While turnaround varies by lender, your loan funds could be deposited into your bank account as soon as the next business day.
Compare offers from multiple lenders. You can complete a simple online form in just a few minutes and compare offers from several lenders that may be able to help.
Contact information readily available. Unlike some other short-term loan connection services, Slam Dunk Loans has both a phone number and email form listed on its website to get in touch with customer support.
What to watch out for
Not sure if Slam Dunk Loans is right for you? Consider these potential drawbacks before using its service:
APRs can be high. Depending on the lender you’re connected with and where you live, your APR could be in the triple digits. This means you might be paying hundreds of dollars in interest, even for smaller loans.
Lenders are a mixed bag. Because every lender in Slam Dunk’s network has its own policies, conditions and fees, be sure to review everything before signing the dotted line.
No online reviews. Slam Dunk Loans doesn’t have a page on the Better Business Bureau (BBB) or Trustpilot, so you won’t be able to rely on feedback from former borrowers before using its service.
How does Slam Dunk Loans compare to direct lenders?
Slam Dunk Loans doesn’t charge a fee to use its service, but that doesn’t mean a short-term loan is always a good idea. The high costs can make this type of financing difficult to repay — and it’s not uncommon for borrowers to end up in a cycle of debt.
Slam Dunk Loans reviews and complaints
Slam Dunk Loans doesn’t have either a BBB or Trustpilot page. This isn’t uncommon for short-term loan connection services, but it does mean you’ll have a hard time determining how it treats its users.
If you do decide to use Slam Dunk Loans to find a lender, do a little research. The lender you’re connected with should have reviews, so see what others have to say about its services and costs. This way, you know exactly what you’re getting into before signing the dotted line.
Am I eligible?
To qualify for a short-term loan from one of Slam Dunk Loans’ partner lenders, you must:
Be employed or have a regular source of income.
Make at least $800 per month.
Have an active checking account.
Be at least 18 years old.
Be a US citizen or permanent resident.
How do I get started?
It only takes a few minutes to fill out Slam Dunk Loans’ online form. Follow these steps to get started:
Click Go to Site to be redirected to the Slam Dunk Loans website.
Select the amount you want to borrow and enter your email address. Click Start here.
Enter your full name, the last four digits of your Social Security number, your birth year and your ZIP code. Click Continue.
Enter your address, phone number and driver’s license number. Click Proceed to Next Step.
Select your date of birth, then enter information about your employment, income and bank account.
Slam Dunk Loans will review your form and attempt to connect you with a lender within five minutes. If you’re connected, you’ll need to fill out an application with that lender and wait for approval.
If your lender approves your application, read over the loan terms carefully. It should list out how much you borrowed, how much you’re going to pay in interest and any fees you might be charged. From here, you’ll need to stay on top of your payments to avoid paying late fees. To help, some lenders may even allow you set up automatic payments — just make sure you have enough in your account on the due date to cover it.
Keep an eye on your loan balance and bank account. If you notice anything off, reach out to your lender’s customer service team as soon as possible.
Slam Dunk Loans can be a handy tool when you’re looking for a short-term loan but don’t have time to compare lenders. It has relatively easy-to-meet eligibility requirements, though you’ll want to check out reviews and terms for the lender you’re matched with before going through with any loan.
You may be sent to collections. Before you sign a contract, read the terms and conditions of the lender you’re interested in. If you don’t understand the policies, ask as many questions as you need until you’re comfortable with the terms.
It depends on the lender you’re connected with, but most short-term lenders don’t charge fees for early repayment.
That depends on your lender and state of residence, but most often, yes. It usually comes with an additional fee.
That’s not to say a lender won’t check your credit with the major credit bureaus, however. If you’re concerned about adversely affecting your credit, you can ask the specific lender you’re connected with about credit checks.
Short-term loan ratings
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
We analyze short-term loan providers and similar services to help you weed out predatory lenders and find a company you can trust. We rate providers on a scale of one to five stars. Our ratings are based on factors that are most important to you, which include: loan amount, application process, fees, customer reviews and borrower experience.
How likely would you be to recommend finder to a friend or colleague?
Very UnlikelyExtremely Likely
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.