A 300 dollar loan is a small amount of money, but it can come at a high cost. If you have poor credit, higher interest rates and shorter loan terms (like those found in payday loans) are almost guaranteed with this type of personal loan.
Also know, how much can you borrow from cash advance?
Lenders will typically ask to see proof of an active bank account or prepaid debit card account, income and age (you must be at least 18 to borrow). Maximum loan amounts allowed by state law vary, and can vary by lender, but it’s common to see a maximum of $500, though some range higher and lower.
Thereof, is Spotloan real?
Spotloan is an online loan company owned by BlueChip Financial, a tribal lender that offers short-term personal loans with fixed payments. Spotloan offers loan amounts that range from $300 to $800 with repayment terms of up to 10 months.