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Borrowing £ + Interest £ = Total to repay £ TopConsumerReviews.com has reviewed and ranked the best cash advances available today. We hope these reviews help you meet your short-term financial needs! Applying for a personal loan online can be a fast and easy process. You may be approved in less than 24 hours! If you are, then the funds will likely be available in a few days. Now having said all of these nice things about Spotloan let's review the high cost of getting a $700 loan from this company. The interest rate for a six month turn time on an installment loan (for a new customer) was approximately 115% in total financing fees if the loan is held for the duration of the contract. This is in the same realm as other tribal lenders, however it seemed a little high when compared to Plain Green Loans, which would charge a little more interest than Spotloan, but the loan time frame was for one year.
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