At Spotter we can fund your loan fast
We understand your need for fast cash loans. Our aim is to have your loan approved within 60 minutes of you getting the necessary documentation back to us.
- In most cases documents can be signed electronically so you don’t need a scanner, printer or fax machine.
- Once approved, we will send funds immediately to your bank account.
Funds generally arrive within 24 hours, depending on your bank.
How long does the application process take?
- To conduct the loan application process, we will need you on the phone for about 15 minutes to gather then necessary information to send you an application form. The form can be signed electronically on your smart phone or computer.
- You will also need to send through a copy of your ID, which can be a picture taken on your smart phone which you can text through to us.
- The final stage in the documentation process is to provide us with 3 months of bank statements so we can verify your information. Once again this can be done electronically and takes just seconds using a 3rd party processor called Credit Sense.
Processing your loan
In order for you to receive a fast cash loan, we will begin processing your loan as soon as the necessary documentation comes back. In most cases, we will have an answer for you within the hour and if approved we will send out a loan contract for you to sign. Once again this can be signed electronically to make the fast loans process as easy as possible. Once we received a signed contract, we will send the amount to your account immediately.
Find out what our customers are saying
Here’s what a loan might look like
Here’s what a medium loan might look like…
You’re after a loan for car repairs for $2,500 and are looking to make payments back on a weekly basis over 2 years.
In the above example You’ll pay:
- Loan Amount Financed: $2,500
- Establishment fee: $400 (Set by NCCP)
- Amount of Credit of the Loan: $2,900
- Total Amount of Interest Payable: $1,590.86
- Repayments: 103 x $43.19 + $42.31 (a final payment)
- Total Amount of Repayments: $4,490.88
- Nominal Percentage Rate (Interest) per annum: 48% as defined by NCCP
- Minimum loan period: 61 days
- Maximum loan period: 2 years