There are some specific apps that lend you money. These apps approve very fast without even checking your credit score with small interest. The drawback here in such apps is they don’t lend a huge amount of money and the period of repayment is also short. There is even a possibility of scams nowadays.
Sometimes it can get difficult to find reliable loan apps that can offer instant cash. In this article we have listed the best instant loans apps in the US to solve your issues of emergency loans. Continue reading to know more about these apps.
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Best Instant Loan Apps in the US
1. Dave
Dave is one of the most trusted apps in the US. The app has no hidden fees and offers loans between $5 to $500. The membership fee for this app is only $1 a month. There are no additional charges such as overdraft fees, no ATM fees and minimum balance fees.
You can receive funds in standard and express delivery in this app. Funds take up to three days to arrive in your account. In addition, if you prefer an express option that ranges from $1.99 and $5.99 per transaction you can receive your funds in as little as eight hours.
Platforms: Google Play Store
Google Play store Rating: 5.0
2. Earnin
Earnin is one of the most preferred apps in the US. There are no hidden fees, no interests and no credit check and hence recommended by many users. Through this app, you can borrow up to $750 a day from your pending paycheck without incurring the exorbitant fees you see with payday loans.
The best part about the app is it asks for a tip after each transaction rather than charging fees, interest or monthly membership.
Platforms: Google Play Store and App Store
Google Play store Rating: 4.8
3. MoneyLion
MoneyLion is one of the most popular apps in the US. MoneyLion app helps you get small loans within months. With the MoneyLion Account, you get to enjoy the app’s instant cash.
You can easily cash out up to $500 before payday to help you to better manage your finances. For the MoneyLion app, there is no monthly fee like other apps. However, you will be charged an instant cash transfer fee.
Platforms: Google Play Store and App Store
Google Play Store Rating: 4.2
4. Brigit
Brigit is an app that assists you in managing your expenses to make ends meet, to help you out in financial difficulties.
Brigit app offers loans up to $250 and charges a $9.99 monthly membership fee, including access to short term cash. The company does not charge you any fees, late payment penalties or interests which makes it one of the best apps for instant loans.
Platforms: Google Play Store and App Store
Google Play Store Rating: 4.5
5. Empower
Empower is a reliable financial technology company and is trusted in most parts of the US. With this app, you can get an instant fee advance of up to $300 at any time during your pay cycle. There is no interest or late fees that you have to pay.
If you sign up to empower cards you can get free unlimited access to over 37000 ATMs across the country. You can also get 10% cash back on debit purchases at places like grocery stores, restaurants etc. Don’t worry the app already has more than 1 million downloads in the Playstore and is very safe to use.
Platforms: Google Play Store and App Store
Google Play Store Rating: 4.6
App store rating: 4.8
6. Payactiv
If you are in search of instant cashouts then Payactiv is the best app for you. This app also facilitates you to pay bills, bank transfers, budgeting and saving. Payactiv allows you to withdraw up to $500 of your earnings from your employer before your payday.
There are no hidden fees and overdraft charges in this app. The app has more than 500k app downloads and is one of the most highly rated app in the Playstore.
Platforms: Google Play Store and App Store
Google Play Store Rating: 4.6
7. Chime – Mobile Banking
The chime app helps in receiving the paycheck two days before the payday. The app assists you in tracking your account balances, daily transactions, and savings. There are multiple features in this app that can be used for free. Chime lets you cash out early advances up to $200 before your payday.
With more than 10 million downloads the app is one of the most downloaded app in this list, but the rating is only 3.9 in the play store. According to some users the app is very convenient to manage all the accounts from smartphone but some users find it difficult to locate the balance option in the app.
Platforms: Google Play Store
Google Play Store Rating: 3.9
8. Daily Pay
Daily Pay is another very popular money lending app in the US. The app allows you to take up to 1000$ before the payday. Daily Pay charges a fee of $1.25 per transfer to receive your money by the next business day or $2.99 to receive your money instantly.
With daily work, you build up credit in your Daily Pay account, which you can transfer to your bank account at any time. The app also has more than 1 million downloads in the Playstore, so it is very safe to download and use.
Platforms: Google Play Store and App Store
Google Play Store Rating: 4.6
9. Varo Bank
Varo Bank offers personal loans ranging from $1000 to $5000 with APR’s ranging from 10% to 24% and APR’s are fixed throughout the term for the loan duration of three to four years.
However, Varo screens your financial eligibility when you open a savings or checking account with it. If you receive an invite, it does not take much time to receive the funds. Varo offers personal loans in 21 states of the US. Also, there are late payment fees from 5% to 25%.
The app also allows users to take up to 500$ advance cash with flat and fair fees. Don’t worry Varo Bank also has more than 5 millions users across the globe and so the app is safe to download.
Platforms: Google Play Store and Appstore
Google Play store Rating: 4.7
10. Branch
The branch is the most convenient app you can use to apply for loans. To get a cash advance, you need to have at least two months of direct deposits from the same employer.
Each deposit must be more than $40 and deposited into the same account with a participating bank. The branch does not charge interest on cash advances and its fees vary on the mode of receiving the money.
If you want your amount sent to an external bank account instantly, the bank charges a fee of $3.99 or $4.99 depending on the amount you transfer.
Platforms: Google Play Store and Appstore
Google Play Store Rating: 4.2
11. Vola Finance
If you are a college student and need an instant loan app this app is perfect for you. Vola app offers loans ranging from $50 to $500. You need to create a profile and answer some questions and financial needs.
If your application is accepted you will receive the funds within hours. The company does not disclose its APR range, but it determines your interest rate using its Vola score.
Platforms: Google Play Store and App Store
Google Play Store Rating: 3.3
Conclusion:
The above mentioned apps are some of the best and most popular instant loan apps in the US. Hope you downloaded your favourite loan app and got some advance cash.
Let us know your favourite loan app in the comment section. Also if you have any faced any issues with any of the apps mentioned above, kindly let us know.
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