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SpotMe lets customers apply online 24/7 for short term cash loans. Customers can apply for a SpotMe loan online from $250 to $1,000 on terms of 16 days to 3 months.
SpotMe is a short term lender. Its loans should only be used in cases of financial emergency such as a car breakdown or an unexpected bill and not as a long term financial solution.
If you're struggling financially and would like to speak to someone for free financial advice, information and assistance you can call the Financial Counsellors hotline on 1800 007 007 (open from 9:30am to 4pm, Monday to Friday). If you are suffering financial problems related to the coronavirus pandemic you may be eligible for additional support. Find out more here: https://www.finder.com.au/coronavirus-financial-help
Do you really need a loan today?*
It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.
Check your options before you borrow:
The Government's MoneySmart website shows you how small amount loans work and suggests other options that may help you.
* This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.
Whilst we don't compare Spotme loan directly, here are some other loans that are similar.
Before submitting an application, all prospective applicants enter how much they're looking to borrow and when they get paid into a loan calculator, their repayments will be set out for them. This allows borrowers to determine whether the loan they're looking for will be affordable within their current budget and circumstances. If the repayments are deemed affordable, customers can fill out a registration form and then submit an online application.
Once someone is approved, they can receive their loan the same day or the next business day at the latest. Repayments are made via direct debit from the borrower's bank account. Loan customers will receive an SMS reminder before each repayments is due.
SpotMe offer a range of features with their short term loans:
To be eligible for a SpotMe loan, applicants need to meet the following criteria:
Prospective applicants who are eligible for a SpotMe loan can click ‘Go to Site’ to get the application process started.
Borrowers looking to take out a short term loan should make sure to compare SpotMe's loans with similar offers to ensure they're selecting the best product for their needs. People who are facing financial hardship can also explore alternatives to payday loans.
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