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About Spot Loans
Spot Loans provide a fast, simple and responsible service that is dedicated to providing you with a solution to meet your financial needs by:
- Assessing your financial requirements with you
- Attending to all the necessary paper work and requirements for your loan application to be assessed by a credit provider
- Sourcing a loan that is suitable for you from a credit provider
- Addressing any questions or issues you may have during the term of your loan
- Advising you of our fees and charges as soon as you tell us how much you wish to borrow
We specialise in Fast cash loans
Minimum Term 180 Days (6 Months)
Personal loans from $500 to $3,000 with minimum loan terms from six months to twelve months. All successful applicants for these personal loans will be referred to Fundco Pty Ltd as credit provider for further assessment.
Spot Loans Pty Ltd ABN 14 120 306 676 Australian Credit License No. 388941.Spot Loans Pty Ltd complies with all relevant Commonwealth and State legislation.
Registered Office- 94 Bundall Rd, Bundall QLD 4217.
Associated Fees
At Spot we do NOT charge you anything if we are unsuccessful with your loan application. If successful we can charge a fee based on the loan product you choose. All fees will be disclosed upfront and prior to entering into any contract.
Annual Percentage Rate (APR)
For our Fast Cash Loan product our lender may offer you a loan with an APR between 30%pa and 48%pa. As an APR alone does not always reflect the full cost of the loan, it is important for you to use our loan comparison calculator available here based on the actual amount you wish to borrow.
Implications of Non-Payment
Financial Implications - Each lender has its own policy and Non Payment may result in additional fees being imposed, although these will always be disclosed to you before you enter into any loan agreement.
Collection Practises - Each lender has its own collection policies and procedures regarding outstanding debts. In the first instance, most lenders will contact you by phone or letter in order to discuss payment. Some lenders may pursue their right to payment through the courts and you should seek legal advice if required. You should always contact your lender as soon as you become aware that you may not be able to meet a repayment, to make alternative arrangements.
Potential Impact on Credit Score/History - Non Payment may affect your credit score/history and your ability to borrow in the future.
Renewal Policy
You should contact us or the lender if you would like to renew/refinance your loan. This is not an automatic process and most lenders would consider renewing/refinancing your loan subject to meeting their lending criteria and responsible lending obligations. Fees may be imposed and would be disclosed to you up front.
