Companies like Spotloan guarantee a quick and easy loan with low-interest rates. The below direct lenders are the best alternatives when you are in a bind.
Installment loans are one of the most sought-after forms of financing. These short-term loans guarantee a quick and easy loan with low-interest rates. There is no need to fill out a lengthy application. Better yet, there is no need for a high credit score or high income to make a loan. If you have experienced with Spotloan before, you should check out what alternatives companies like Spotloan can offer you.
Speedy Cash – one- stop solution
If you are in a bind and need a financial boost, then SpeedyCash could be the one-stop solution for you. It is an online lending institution that works quickly and easily just like other direct lenders offering loans like Spot Loan. This allows borrowers to not only register for new loans but also manage their existing loans.
So, what can you get when making a loan from SpeedyCash? Frankly, it is a quick and easy way to get money even with bad credit. As a result, you may qualify for a minimum amount from $100 and up to $15,000 to cover unexpected expenses, your medical bills, and something like this.
Additionally, SpeedyCash offers a variety of financial services that you can use both online and at their physical store. Today, SpeedyCash operates their business in nearly 20 states and offers flexible repayment options, including loan refinancing. Moreover, this is one of a few loan companies like SpotLoan that allows you to cancel credit within a 24-hour grace period. If you are successful, you will not have to pay any fees. If not, you may incur some charges.
Anyway, getting finances from SpeedyCash is very easy. However, before making a loan, it is important to learn the rules of this lender to prevent unexpected incidents.
LendYou Short – term Loans
LendYou is a member of the Online Lenders Alliance (OLA). The biggest advantage is that it enables you to compare offers from various direct lenders by easily filling out quick online forms, especially when you do not have time to research the market. Being a member of some industry organizations such as OLA, LendYou provides secure payday and installment loans.
Additionally, it offers a wide range of payback terms without applying prepayment penalties.
Another amazing thing about LendYou is that it encourages customers to strive for a better financial future. As a result, you can earn credit points for joining financial literacy courses and making on-time payments.
When it comes to downside, potentially high APRs and $1000 monthly income requirements are one of those. And you may have to make calls and emails from other short-term lenders that are partners of LendYou after you use the service – even if you have made a loan. And you do not know the interest rates and other fees until you submit all your personal information.
On top of our listing of loan service providers like Spotloan is Opploans. So, what makes them more profitable than Spotloan and why do Opploans deserve the number one spot on our list?
This online platform sticks out due to their extremely great feedback from the customers. They are always willing to keep an almost perfect response on all major review sites including TrustPilot, Better Business Bureau, and other trustworthy sources.
Another important factor that sets them aside from Spotloan is the amount of loans. You can borrow up to $5,000, which makes them an incredibly reasonable option. Needless to say, you can also borrow small amounts of cash. But if the requirement is only slightly larger, other companies like Spotloan cannot cover all your costs, while Opploans offers all the money you need.
PersonalLoans – non-direct companies like Spotloan
Unlike two of the above companies like SpotLoan, PersonalLoans is not a direct lender. Established in 2017, this online platform acts as a quick and convenient place to get personal loans through a network of trusted lenders. When you visit their website, there is a group of online lenders ready to offer you many financial services. PersonalLoans is a great option for those who cannot decide on the lender.
So how does PersonalLoans work? The company works as a bridge between the lender and the borrower. As such, you fill in all your information on the request form, including the loan amount, credit type, and your monthly income. From that, PersonalLoans helps you to connect with potential lenders.
If you are looking for an easy way to deal with financial problems, PersonalLoans might be a good solution. With this platform, you save time and easily get a loan offer from a lender such as SpotLoan even if you have bad credit.
Click N GO Loans
Another site linked to Spotloan that we want to share is the Click N GO Loans. It is a relatively new lender in the industry and has proven themselves to be a pretty good loan provider. This platform is actually an excellent alternative for those looking for an indirect loan provider that is effective at comparing a wide range of personal loan providers and then helps you get better loan terms.
One of the strongest aspects of the Click N GO Loan is its simple eligibility requirement. It helps you to be authorized with the lowest credit rating of 300 and minimum loans of $1,000 per month. In fact, you simply have to work the equivalent of a minimum of just one month to be eligible for a secure loan from them.
If you are in a bind and need money, some lenders companies like Spotloans are safe alternatives to payday loans. While Spotloan installment loans are limited with the amount between $300 and $800 for a maximum payment term of 10 months, these top 5 above lenders can provide higher loan amounts with lower interest rates and longer terms. Hope that with this article, you can find the best lender that suits your needs.