Spot Loan

Sometimes, you run into situations where you need a cash loan fast. It's winter and your furnace fails. You can't go weeks or months without paying to have it repaired or replaced. With Spotloan, you can borrow up to $800, pay it over time, and have the money in one business day. Sound too good to be true? It's not.

The loans with this lender are short-term installment loans that you pay off over a span of 3 to 10 months. If you pay your loan earlier than scheduled, you save money and are not penalized. The short-term installment loans are usually easier to work into your monthly budget.

As the installment loans are unsecured cash loans, interest rates are higher than with a traditional bank loan. The reason for this is that you're not offering anything in trade should you fail to pay the loan back as promised. Most people keep their obligation and pay as promised, but for the handful that doesn't, the lender takes the financial hit.

Why Borrow From Spot Loan?

There are times when you need a cash loan. Your friends or parents can't loan you money. Your car needs urgent repairs and you don't get paid until the end of the month. With a loan through this company, you can break it down into bi-weekly payments to make repayment easier to manage.

The company is willing to work with any borrower. If you don't have good credit, that's okay. These short-term installment loans can help. If you run into problems making a payment, let the lender know at least two business days in advance so that they can work out a new payment schedule to help you get back on your feet.

How It Works

Fill out the information that includes your name, contact information, employment information, and banking information. It shouldn't take more than 10 minutes. You'll have an answer instantly. Once you know if you're approved, the money can be transferred to your account in as little as a business day. In rare situations, it can take up to 48 hours for money to reach your account.

What Else Should You Keep in Mind?

When you borrow $800 and make payments of about $150, plans may have you repaying that money for as long as five months. This means you're paying around $3,000 for the $800 you borrow.

Make sure you're okay with the terms and shop around for the best deal. You may find that increasing your bi-weekly payment is ideal as you'll repay the amount in less time. For example, if you repay $230 for a month and a half, you'll have paid just over $1,300 for that same $800. It ends up being more affordable in the long run.

Let Easy AZ Loan help you find the right cash loan product for your needs. We know that emergencies don't come with a warning. We'll help you find the best installment loan available. Fill out the form and get started now.