6 Online Direct Lenders Like Spotloan

Running low on cash? Are you stuck in a difficult financial situation where you might need a little extra money to help you get over a hump? If so, direct lenders like Spotloan are the ideal solution to help you get out of a bind. They provide short term loans for small amounts of money. These small loans are usually used for very last minutes issues, like if your car breaks down and you need to get it fixed immediately. Whether you need money for groceries or even if you need an urgent medical bill paid, loans like Spotloan are a great solution.

It’s important to note that these companies like Spotloan will often have higher interest rates, even higher than credit card rates. However, since they are made to be paid off quickly, you should be able to avoid overpaying on interest. Just make sure you can repay it without paying any penalties.

We’ve sourced the internet for the top online loans for short term lending. Below, you will find the 6 options that we believe are better alternatives. With lower interest rates, higher acceptance rates and easier procedures, you will have the money that you need now in no time!


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Our go-to option is often the same, because it’s one of the easiest ways to get a fast cash advance online. LendYou is a reputable lender, allowing you to take out loans ranging from $100 to $2,500. Their approval process is one of the easiest among all the loans like Spotloan online – just fill out the quick form on their website, and you can get approved almost immediately.

The process is simple, but if you run into any roadblocks, just send them a quick message or give them a call. Their customer support team is amazing and were able to provide us with a ton of information. They do have minimum requirements before approving loans, these requirements are listed below.

Minimum Loan Requirements:

  • Applicant must be 18 years or older
  • Must own a valid checking account
  • Applicant must have a minimum income of $1,000 per month
  • Must not be an active member of the military

If you choose to move forward with LendYou, make sure to download their mobile app. This allows you to easily track your loan and remaining balance from your smart phone or tablet.

Rubik Loan

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Rubik Loan is a great lender for people looking for loans between $1,000 to $5,000. This could be the ideal option for home repairs such as unexpected plumbing leaks or even if you get a flat tire and need to replace your car’s tires entirely. Whatever your need is, RubikLoan makes getting quick cash as simple as can be.

Fill out their easy online application and you could get approved within minutes. The credit check process is very forgiving, so even if you’ve been dealing with poor credit or something as serious as bankruptcy, RubikLoan can help get you the cash you need by tomorrow.

1 business day is all you need to wait before receiving the funds in your checking account. Once approved, just sign the contract and the money will be in your bank account in under 24 hours.

While RubikLoan doesn’t offer higher loans, they have incredibly low APR rates on the loans they do offer. Similar to Spotloan, they do have some minimum requirements, which are listed below.

  • Must be employed at the same place for 90 days or more.
  • Must earn a minimum of $1,000 per month.

Read full Rubik Loan review

Honest Loans

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HonestLoans is one of the top options on our list of loans like Spotloan because it brings you some variety. More loan options are available with the ability to borrow as little as $100 or as much as $50,000.

With different loan options, you can choose from short term loans with higher interest rates or go for the lower interest installment loan options. That’s not all they have to offer though, HonestLoans also allows you to get personal loans, up to $50,000. This is the ideal solution if you’re looking for larger amounts of money that you can pay off over longer periods of time. For instance, if you’re renovating your home or looking to buy a car, personal loans are a solid option.

A simple application process makes this lender enjoyable to do business with. Plus, their customer support is very responsive, making any inquiries a breeze to deal with.

APR starts as low as 6%, which is incredibly low in the industry. Additionally, they are open to all credit scores. Even if you have poor credit, HonestLoans is often able to get you the money you need, right now.

  • Loans ranging from $100 to $50,000
  • Minimum salary of $800 per month to get approved
  • Must be a USA permanent resident
  • Funds received within 1 business day


Official Site

If all you need is a quick cash deposit into your checking account to get you through a hard time, PlanBLoan is a solid option worth considering. They allow you to get loans between $200 to $5,000, so you won’t be redoing your entire kitchen with this company, but it can help you get to your next pay check without having to sell your belongings.

One amazing thing about these loans like Spotloan is that they provide you with the money within minutes. Once you’ve filled out the form and agreed to the terms, you could have the cash in your checking account the very same day. Fast transfers means you won’t have to worry about running into financial issues such as missing bill payments.

The entire process is very simple, but the best thing about PlanBLoan is their APR rates, which start at 3%. Being personal loans, you won’t have to pay the crazy expensive APR rates that are normally associated with short term funding.

  • Get APR rates as low as 3%.
  • Borrow $200 to $5,000.
  • Receive the funds same day or next business day.
  • Simple application with full transparency.

USA New Loan

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Websites like Spotloan aren’t always easy to find – finding a reputable direct lender that you can trust with your personal information is a tricky thing to do. Fortunately, USA New Loan is one of the lenders that you won’t have to worry about. They have been in business for over 12 years and are fully OLA Compliant (Online Lenders Alliance).

Their easy application process lets you fill out all the required information in about 5 minutes. Next, you’ll be presented with options according to your situation. Chances are, you’ll be approved instantly and could be on your way to receiving the funds within 24 hours.

USANewLoan makes it possible to borrow up to $5,000 so you can cover unexpected bills without having to run out of money before your next pay. Their APR rates start at just over 6%, making these personal loans very affordable, especially when you plan on repaying them quickly.


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Last but not least on our list of direct lenders like Spotloan is MaxLend. Known as one of the top alternatives to payday loans online, MaxLend brings you installment loans instead. What’s the difference, you ask? Well, installment loans can have larger amounts of money and have much lower interest rates. So if you do end up taking more time to pay it off, you won’t be paying nearly as much in interest.

With MaxLend, you can borrow as little as $100 or as much as $3,000, making it an ideal option for people in a bind. Better yet, depending on the time of day, you could receive the funds in your checking account within a matter of hours. Good credit, bad credit, all credit types have the option to borrow money with MaxLend. It’s simple, fast and secure, making it a great way to get the funds you need, immediately.

  • Pay back the loan over 9 months.
  • First loan, you can borrow up to $1,500.
  • Returning customers can borrow up to $3,000.
  • You can pay back the loan early without penalties.
  • Very flexible with missed payments.

What is SpotLoan

SpotLoan is a tribally owned entity organization that lends money to consumers for short-term durations. As a federally recognized Indian tribe, they are a trustworthy source for borrowing money.

They offer loan terms that vary from a few days to a few months along with highly variable APR rates. It’s important to do your due diligence and research a lot of alternative options before opting for a loan by their platform.

Does SpotLoan Work With Chime?

Chime is one of the most innovative banking services available in the United States. They rethink the way people bank online by removing some of the stigmas that make traditional banking off-putting.

With Chime, you don’t have to worry about overdraft fees – they simply don’t have any. Other benefits include not having monthly service fees and not needing to keep a minimum balance in your bank account.

Many people ask if Spotloan works with Chime – yes they do. Chime is a bank account just like any other, so as long as you can receive deposits and money transfers, they will easily be able to send you the funds directly to your Chime account. This also applies for all of the other lenders in our list above. The loan amount you are approved for will be directly deposited into your Chime account within 1 to 2 business days for most lenders.

Does SpotLoan Report to Credit Bureaus?

Spotloan does not report to the major credit bureaus, which include Equifax, TransUnion and Experian.

Why is this important to know? There are a few reasons why this is an important thing to know about. Firstly, if your lender reports to credit bureaus, then your credit score would quickly be affected if you miss any payments. This means if you miss a payment, it could lower your credit score and have a huge impact on being able to borrow more money in the future.

On the other hand, it also means that your good payments aren’t noted. This isn’t ideal, because if you’re working towards rebuilding your credit score and want to take out a small loan to bring your score up, this lender won’t do much good. Fortunately, the other loans like Spotloan mentioned above do report to credit bureaus in most cases, so have a look – making good payments will help drive up your score.

Do You Need Good Credit to Get a Loan?

Not necessarily! Even if you have a poor credit score, you can still get a loan today. Some of the lenders in our list above rely on different factors rather than just looking at your credit history. For instance, LendYou, our number one pick, looks at your monthly income. If you earn a minimum of $1,000 per month in income and can prove it, you could get approved for one of their short-term personal loans.

While having good credit is very important and is something you should constantly be working towards improving, it’s not necessary if you just need fast cash loans. Current salary as well as a few other factors can help you get the funding you need from a financial institution that is legitimate and trustworthy.

Spotloan Customer Service

  • Email: help@spotloan.com
  • Phone: (888) 681-6811
  • Operating Hours: Monday – Friday 7 a.m. – 8 p.m. CT and Saturday 9 a.m. – 6 p.m. CT

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