Consumers have multiple types of loans from which to choose, including home loans, car loans, credit card advances, and home equity loans. Online installment loans are designed to help when you need a short-term loan fast and have bad credit or even no credit.

Consider an online installment loan if you’re short on money, don’t have other credit options, and need help with expenses.

The application process is fast as it is done completely online. Most people complete the process in about 10 minutes.

If you accepted your loan terms on a Monday through Friday, before 1:30 p.m. CT, Spotloan will transfer the money to your bank by no later than the end of the same business day. If you accepted your loan terms on a Monday through Thursday between 1:30 p.m. CT and 8 p.m. CT, Spotloan will transfer your funds to your bank overnight. If you accepted your loan terms on a Friday after 1:30 p.m. CT through anytime on Sunday, Spotloan will transfer your money over the weekend and it will arrive at your bank by the end of the next business day.

Most lenders shy away from lower credit scores that rely on prior loan and credit card history available from the 3 credit bureaus. However, we reach beyond the bureaus and scores using an advanced algorithm to spot real people with the real intent to pay, despite low credit scores, past credit problems, or lacking credit history.

If you have a bad credit score, or have not borrowed before, Spotloan can help you get money fast. No collateral is required.

Only you can decide if a Spotloan is right for you.

Banks, credit cards, or even friends and family may be able to offer you better loan terms. We encourage you to check with them before you apply for a Spotloan.