Payday loans

Payday loans are also known as small amount credit contracts (SACCs). They go up to $2,000 and can be paid back from 16 days to 1 year. They attract a 20% establishment fee and a fixed monthly fee of 4% of the loan balance. For example, a $1,000 payday loan will have an upfront $200 establishment fee a monthly fee of $40. If the loan term was 3 months, total repayments would be $1,320.

Payday loan can be useful when needing to access to funds quickly for an emergency. They generally have fewer requirements than other loans and someone with poor credit history can be approved. However, due to the high cost, they may lead to a debt spiral and over indebtedness to financially vulnerable customers.

Spotter loans

Previously, Spotter offered payday loans up $2,000, however, we no longer offer these loans. Loans now start from $2,100 and go up to $50,000. These loans can still be approved quickly and easily with flexible loan terms, however, you should only apply if the loan amount will meet your specific needs.

Value proposition

Here’s why Spotter Loans stands out as a reliable and customer-centric:

  1. Fast Approval: We value your time and know the importance of quick access to funds. Our streamlined application process allows us to assess your loan application promptly, with approvals typically granted within 24 to 48 hours. Once approved, the funds are disbursed promptly to your nominated bank account, providing you with the financial assistance you require without unnecessary delays.
  2. No Paperwork Hassles: Gone are the days of cumbersome paperwork and endless documentation. At Spotter Loans, we believe in simplicity and convenience. Our application process is primarily online which minimises paperwork. Our contracts are signed electronically.
  3. Poor/Bad Credit Considered: We understand that financial difficulties can impact your credit history, and we believe that past financial challenges should not prevent you from accessing the funds you need. At Spotter Loans, we consider applications from individuals with poor or bad credit. While we do assess each case individually, we focus on your current financial situation and your ability to repay the loan rather than solely relying on your credit score. We strive to provide fair and inclusive lending options for all our customers.

Our dedicated team at Spotter Loans is committed to delivering exceptional customer service. We are here to assist you every step of the way, ensuring that you have a clear understanding of our loan terms and repayment options. We prioritise open communication and flexibility, and if you find yourself facing difficulties with repayments, we encourage you to reach out to us. We are ready to work with you to explore alternative payment arrangements that suit your circumstances.

To discover how Spotter Loans can assist you in securing the financial support you need, please reach out to our team at 1800 776 863. Alternatively, you can easily initiate the application process by clicking the “apply now” button on our website. Let us help you navigate your financial journey with confidence and peace of mind.

Apply to borrow up to $50,000 now!