Spotloan

Wai Hin Derrick Chung

About this app

Spotloan helps users explore available financing options in a clearer and more organized way through a simple mobile experience.

Instead of navigating multiple pages, lengthy forms, and unclear interfaces, Spotloan provides a streamlined path to entering basic information and reviewing the presented options in an organized manner.

Easy Start
The experience begins with short welcome screens explaining how to use the app and what to expect. The goal is to minimize complexity and make information easier to review.

Quick Form
You can enter basic information such as your name, phone number, and email address on a single, clear screen. This data helps display options that may be suitable based on the information you provide.

Organized Options Presentation
Spotloan displays information cards that help you review details such as amounts, periods, estimated costs, and important terms before making your personal decision.

Privacy and Support
The app includes a settings section with the Privacy Policy, Terms of Use, notification settings, support, and a feedback form.

User Feedback
You can share your feedback about your experience within the app to help improve the service and user experience.

Important Financial Disclosures and Terms:

Spotloan is a loan comparison and lead generation tool. Spotloan is not a direct lender, bank, or financial institution, and does not make credit decisions, issue loans, or guarantee loan approval.

• Repayment Period:
Minimum loan repayment period: 90 days.

Maximum loan repayment period: 48 months.

Note: We do not offer or promote personal loans that require full repayment in 60 days or less.

• Annual Percentage Rate (APR):
The Annual Percentage Rate (APR) represents the annual interest rate calculated on the loan. It includes the base interest rate and any additional fees or processing costs.

Maximum APR: 35.9% per annum.

• Illustrative example of total loan cost:

If you borrow $1,000 for 12 months at a 20% Annual Percentage Rate (APR) and a $50 administrative processing fee:

Principal Amount: $1,000.00

Processing Fee: $50.00

Total Interest (12 months): $111.60

Total Loan Cost: $1,161.60 (Principal + Fees + Interest)

Estimated Monthly Payment: $96.80

The information provided is for regulatory and informational purposes only. All financial terms, interest rates, and loan approvals are determined exclusively by the respective partner services upon referral. The application does not charge users for its service.