6 Cash Advance Apps that lend you money
Cash advance apps can be the quick way of lending money, but they are more useful for one-time emergencies. Cash advance apps like Albert, Klover, EarnIn, Dave and Brigit let you borrow a small amount from before your pending paycheck. This quick loan can help you if you have suffered an emergency and you need cash. Considering cheaper options before borrowing is a smart tip. Here are 6 apps that you can consider if you wanna get less expensive and easy to pay loans.
5
Average Review
Cash Advance APP
- Earn up to 20% cash back
- Identity protection
- Get paid up to 2 days early
- Fee-free ATMs
5
Average Review
Cash Advance APP
- Access up to $225
- Zero interest
- No late fees
- No credit check
Klover
Klover is offering 100 dollars advance based on bank account eligibility and $100 more based upon the participation in its point program. The points program consists of uploading receipts, taking quizzes and watching videos in exchange for points, which can be converted to dollars later and users can get advances. Klover makes money by collecting user data and sharing insights with its partners. Klover offers advance payments ranging from $5 to $200.
Klover determines the next day as payday after withdrawing from the bank account or after seven days from the advance date. Customers can pay without an express fee in 3 business days. Klover can help in emergencies, like when you need to pay car repair or unexpected travel expenses.
SoLo Funds
SoLo funds offer person to person cash advances. Users send loan requests to the app marketplace and lenders on the app (other consumers who lend money) choose which user to lend to. This app has the lowest fee as compared to the other cash advance apps. It also allows users to choose custom repayment dates. But, this app can take up to 3 business days to know whether the requested loan will be funded or not. It is much longer than other apps.
SoLo funds offer advance amounts ranging from $20 to $275. You can manually choose custom repayment days depending upon your financial conditions. It takes 3 business days to approve a loan but when a lender approves your loan it takes minutes to transfer funds. The loan requests which are more than 3 days old are automatically removed from the marketplace.
MoneyLion
The MoneyLion app offers investment accounts and mobile bank accounts. It provides loans up to $500. MoneyLion members have live access to larger advances and fast funding times as compared to other app users.
MoneyLion offers loans up to $500 for the members who are not members while offers up to $10000 for members. MoneyLion offers 1 to 2 business days for users having MoneyLion checking accounts & 2 to 5 business days for the users who don’t have a MoneyLion checking account the time to fund without express fee. Customers can instantly fund their advance with an express fee.
Varo
Varo offers cash advances up to $500 with the facility of instant funding to eligible banking customers. This company has “0% APR” cash advances, but each loan comes with mandatory and sometimes very high fees. Users would have to pay $40 to borrow $500.
Cash advance competitors usually defeat Varo because of their low funding fee and request of optional tips. Varos app offers instant funds but the app doesn’t take tips.
Varo offers advance ranging from the amount of $20 to $500. Advance fee of Varo is between $1.60 to $40. The repayment period varies between 15 to 30 days after borrowing. Customers can choose a custom repayment date from the list of offered dates.This app offers instant funding of balance.
EarnIn
EarnIn is a paycheck advance app letting you borrow money you have earned by tracking your working hours and location. This app also has the feature of notifying when your bank balance is low and also has a feature to automatically top off your balance. EarnIn allows advance amounts from $100 per day to $750 per day period.
EarnIn charges an optional fast funding fee of approximately 5 dollars and optional tip up to $13 per advance. Usually it takes 1 to 3 business days without paying an express fee. If you pay an express fee you can get funded within minutes.
Empower
Empower offers cash advances, credit lines and budgeting tools and bank accounts. Funding tome of Empower is approximately one day. It’s much faster than most of the competitors. Users who are willing to pay an instant delivery fee can get funds within an hour.
5
Average Review
Cash Advance APP
- Earn up to 20% cash back
- Identity protection
- Get paid up to 2 days early
- Fee-free ATMs
5
Average Review
Cash Advance APP
- Access up to $225
- Zero interest
- No late fees
- No credit check
This app has a feature of auto saving allowing you to select an amount from each paycheck to transfer to your saving account from the checking account. The advance amounts are usually between $10 to $250. Subscription fee may vary from $8 per month or completely free. Consumers can get funds within one business day without any express fee. The customers who want to get instant funds (within one hour) have to pay an express fee.
