How it Works?
Ready to begin now? Borrowing money from TheLoanSpot can be completed quickly in 4, easy steps:
Step 1: Fill in our form
Let us know how much you need by completing our form with your contact information as well as the amount of cash that you need. Please be accurate with the information that you provide in order to speed things up.
Step 2: Verify your loan
After reviewing your application, we will give you decision instantly and send you a code through SMS or email. You’ll have to enter the PIN code sent to you and then print and read the documents. Then you can enter the reference number and accept the agreement.
Step 3: Get your cash After you accept our online agreement we will process the payment. Most of the time the lump sum money will be available in your bank account within a few hours. Please take note though that for applications after 4pm, the money may be available on the next morning.
Step 4: Repayment
We will collect the full payment as stated on your loan agreement on your next payday. The money will be deducted automatically from your debit card so you need not do anything. We can also set up instalment loans depending on your unique situation so that the money will be deducted in three, affordable instalments.