10 Best Money Lending Apps To Get Quick Cash In 2023

Charity Jerop
December 4, 2022
10 Best Money Lending Apps to Get Quick Cash

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D o you need money instantly to cover an emergency? Life happens, and sometimes you might need access to an instant cash advance to help you get through to the next payday. And this is where money lending apps save the day.

Typically, loan apps are money lending apps that help you get cash when you need it without involving a financial institution.

Getting a loan through the bank, credit union, or other financial institution can take quite a rigorous process. And this can take quite a while to get the funds—it could be days or weeks.

Loan apps can be pretty fast, easy with no creditworthiness scrutiny, but it comes with a pinch.

This article will check out the best money lending apps to help you get cash when you need it the most.

10 Best Money Lending Apps To Get You To The Next Paycheck

If you are in a fix and need cash to make ends meet, below are excellent money lending apps to help you settle those expenses that can’t wait. We look at the maximum loan limit, processing time, fees, and repayment terms with these apps.

1. LendYou

LendYou is the best money lending app to connect you to dozens of dependable lenders instantly. Whether you’re looking for a cash-out or an installment loan, LendYou has it all in one place.

You can get LendYou services online through their website or download the app on the App Store or Google Play Store.

The best thing about LendYou is that you can get a quick loan between $100 and $2,500, making it easy to get cash to last you until your next paycheck.

The APR, fees, and repayment terms vary depending on the lender you get through the LendYou app.

So what are the requirements to use LendYou, and how does it work?

It is pretty straightforward to get an instant loan with the LendYou app. All the consumer needs to do is fill out the form, no account is necessary.

You must be above eighteen years old, have a checking or saving account, and have a minimum monthly income of $1,000.

Once you have the app, you can submit a request for a loan, and LendYou will pull your match. You can review the loan offer amount, APR, fees, processing time, and repayment terms. 

And if it fits your needs, you can accept the offer and have the cash in your account.

LendYou App Pros

  • Seamless loan application process. With LendYou, you can get an instant loan decision after submitting your loan request form. Furthermore, you can do everything through the app or online.
  • An extensive network of lenders to match your financial needs. You can get a cash advance with LendYou, and there are a dozen providers on the app ready to give you money.
  • Fast loan processing time. LendYou is excellent if you’re looking to get money in your account as fast as the next business day.

LendYou App Cons

  • Seamless loan application process. With LendYou, you can get an instant loan decision after submitting your loan request form. Furthermore, you can do everything through the app or online.
  • An extensive network of lenders to match your financial needs. You can get a cash advance with LendYou, and there are a dozen providers on the app ready to give you money.
  • Fast loan processing time. LendYou is excellent if you’re looking to get money in your account as fast as the next business day.

Get The Loan That’s Right For You!

2. Dave

Dave is another excellent app to get instant loans when you need funds for an emergency. Typically, it offers reliable loans to cover small expenses like gas money.

The exciting thing about Dave is that you can get up to $250 cash advance with no fees to pay.

If you’re a Dave Spending member, you can get the opportunity to build your credit rating.

Dave is also great if you need a perfect side hustle to get you out of cash advances and personal loans.

You can get the app on the App Store or Google Play.

Notably, Dave features a $1 subscription fee and tipping fees—optional— up to 20% of the money you borrow from them.

Also, they can charge a fee if you need to access the money instantly instead of waiting for their typical 1-3 days to process your loan.

Dave App Pros

  • Zero-fee cash advances of up to $250.
  • You don’t need a credit check with Dave, and you can get an instant loan with bad credit.
  • Dave is excellent for building your credit rating.
  • You can find a side hustle using the Dave App.

Dave App Cons

  • Dave app can’t help you if you need more than a $250 cash advance. The loan limit is $100 if you’re not a Dave Spending member.
  • You must have a bank account to access the loan.

Discover more from Dave about 0% APR Cash Advances.

3. Earnin

Earnin lets you access your hard-earned dollars when you need it the most. Like the Dave app, Earnin enables you to get access to your paycheck in advance up to a specific amount.

Typically, you can get up to $100 cash out per day or $500 maximum per pay period. Earning doesn’t charge any fees, but you can consider tipping any amount you prefer.This cash advance app can be excellent if you are looking for an alternative to sky-high overdraft fees and interests on payday loans.

Earnin will automatically deduct the advance amount, including any tips, when your paycheck hits the account.

Earnin App Pros

  • Zero fees mean that you can get the cash advance amount you need.
  • Fast funding. Earning can help you get the money as soon as possible, and it has a feature to get the cash instantly. The typical time to process the loan can take up to two business days, which is way faster than the bank.
  • You can get a boost once you hit your maximum cash advance limit.

Earnin App Cons

  • Earning offers a maximum loan amount of $500, which might not be enough to cover significant emergency expenses.
  • Another downside of the Earnin lending app is that it can thin-stretch your paycheck.

Learn everything you require to know.

4. Brigit

Two minutes! Is all it takes to get cash from Brigit. If you’re wondering, Brigit is another lending app that can help you instantly get up to $250.

You don’t need any credit check to get a cash advance, and it can also help you build your credit score. 

Brigit also offers tools to help you find part-time or full-time jobs to help you earn more money

You can also use the app to budget and track your savings.

Brigit Lending App Pros

  • You can get cash up to $250 the same day you apply.
  • Excellent tools to help you earn, budget, and save money.
  • Brigit can help you better your credit.

Brigit Lending App Cons

  • Brigit Plus Plan costs $9.99/month.

Get up to $250 quickly.

5. Empower

Empower is the best lending app when you instantly need up to $100 in cash advance.

And when you upgrade to Empower Thrive, you can instantly access up to $200 in cash advance.

You can choose to transfer the money to your Empower debit card—and get up to 10% cashback— or your bank account.

You don’t need collateral or a credit score to qualify for credit.

Empower App Pros

  • There are loan processing fees, interest, or credit checks.
  • You can access a credit line of up to $1,000 as the Empower Thrive Member.
  • Instant cash.
  • Earn 10% cashback when using the Empower debit card.

Empower App Cons

  • Instant cash deposits are only available for Empower members, and it can take up to two days to process your cash advance.
  • The cash advance limit is $100 for non-members.

Receive up to $250 today.

6. Cleo

Cleo is a money lending app to get up to $100 in cash advance and help you get through the rough patch financially. 

Additionally, Clear can help you hit your saving goals to set money aside for emergencies.

And if you’re looking for an app to help you budget, you can get all the tools and tips with the Cleo money app.

The fun part is how Cleo adds humor to lighten you up in a somewhat stressful situation!

Cleo App Pros

  • Excellent features to help you budget and save money.
  • Zero-interest on money borrowed and no overdraft fees.
  • You can budget, save and build credit with Cleo.
  • Seamless sign-up process.

Cleo App Cons

  • The cash advance limit is only $100.
  • You need to join Cleo Plus or Cleo Builder to qualify, and those require subscription fees.
  • Express transfers cost $4.

Start Now and Borrow Up to $100 in just 2 minutes.

7. Possible

Possible Finance is another excellent money lending app to help you save your sinking boat and cover expenses until you get your next paycheck.

You can qualify for a loan of up to $500, even for bad credit. 

And if you’re rebuilding your credit, this is the app to help you hit excellent credit ratings.

With the Possible Finance app, you can apply for a loan from your phone and get it instantly.

Possible Finance Pros

  • Fast funding.
  • Get cash in minutes.
  • No hidden fees.
  • Flexible loan repayment terms.

Possible Finance Cons

  • High APR of 150%-200%.
  • The loan limit is $500.

Borrow upto $500 even with a bad credit.

8. Vola Finance

Vola Finance is a money lending app where you can get funding in hours. You can secure up to $300 in minutes, and you don’t need to have a credit history to qualify. 

Furthermore, the loan repayments options are flexible, and you can request a payment extension through the app.

Vola App Pros

  • Zero-interest fees.
  • You can get your advance within hours.
  • Zero credit checks to qualify for a loan.

Vola App Cons

  • The loan limit is $300.

Get started with Vola now!

9. Chime

If you need to enjoy an overdraft of up to $200 with zero fees, Chime is your perfect match.

Instead of paying transaction fees or interest, Chime asks you to leave an optional tip.

There are no app subscription fees, and you can build credit over time with Chime.

Chime App Pros

  • A hassle-free way to get an instant $200 overdraft with zero fees.
  • You don’t need a credit check.
  • Zero-interest fees and no monthly subscription.

Chime App Cons

  • The overdraft is capped at $200.

Sign up for Chime in less than 2 minutes.

10. Current

Current is another lending app that offers no-fee overdrafts of up to $200, and this amount can help you cover expenses like groceries, gas, bills, and other emergencies.

Once your paycheck hits, Current will debit the balances automatically, so you don’t have to do anything.

Current also has the best financial tools to help you create a saving culture. You can earn 4% APY when you save money using the Current app.

Current App Pros

  • Fast cash deposits.
  • Cashback offer.
  • Fast access to cash.
  • Earn interest on savings.

Current App Cons

  • You need to subscribe to premium membership to qualify for a loan.

Overdraft up to $200 without any overdraft fees.

Money Lending Apps Pros

Loan apps can help you navigate a challenging financial situation, and below are more reasons to consider money lending apps.

  • Fast and seamless loan application process

Unlike traditional lenders, money lending apps are the quickest and offer a straightforward way to access instant loans. You only need to install the loan app, create your profile, and apply for the loan in most cases.

You don’t have to fill out any paperwork or do a credit check making it pretty fast to get an emergency loan. Whether you need a loan for personal use or business, money lending apps can be the easiest route to get out of a financial bind.

  • Instant approval and cash access

Another advantage of money lending apps is getting cash instantly, making it hassle-free to handle an emergency. Most loan apps can approve your loan in minutes!

  • Money lending apps are convenient

Without visiting the bank, you can use your loan app from any location—whether you’re at home, work, or anywhere. With lenders like banks, you might need to visit the bank during work hours to formalize your loan application which can take tons of your time. 

And the best part is that you can pay your loan and take another one when you need it.

  • You can get a cash advance with bad credit

Are you at your wit’s end financially and have bad credit? Lending apps make it easy for consumers with bad credit to access loans hassle-free. Furthermore, the loan rates and terms can be more favorable than bank loans, regardless of your credit rating.

Money Lending Apps Cons

While money lending apps are excellent when you’re financially strapped, there are drawbacks that could worsen your financial situation.

  • One disadvantage of borrowing money from money lending apps is the interest and other fees. Some loan apps have high-interest charges and origination fees and additional costs like membership fees to access the cash.

It is best to compare the loan apps in the market and pick one with zero and reasonable fees.

  • Another money lending app’s drawback is that it can plunge into a cycle of debts. The convenience and hassle-free way of getting a loan from these apps can be tempting, and you could end up in a terrible situation. And if you’re not careful, you can find yourself stuck in a rut borrowing money from one app to pay the other.

Some loan apps can automatically deduct the money you owe them from your paycheck. And it can be pretty much a hassle to manage the little you have until the next payday.

What To Consider Before Borrowing Money From Money Lending Apps?

  • The Loan Amount You Can Get or the Limit

Money lending apps have a minimum and maximum loan limit that you can borrow, depending on the lender.

Some loan or cash advance apps can offer a minimum loan limit of $50 and a maximum of $500. And this means that you can only get an amount within that range. If you need a loan of more than $500 or the app’s limit, you might have to look for alternatives for credit.

A digital lending app like LendYou can offer you up to $2,500!

  • Loan Processing Time

The time it takes to access the cash after applying on the app is crucial to consider when using money lending apps. Cash advance lending apps like Dave take up to three days to process the loans.

Other apps like Earnin have features to help you access the loan instantly.

  • Repayment Terms

Loan apps come with repayment terms, and you want to consider terms that are favorable to you. Some lenders can set your loan repayment date to match your payday. You might not need to set any repayment date with some cash advance apps because they give you your earnings in advance, albeit at a cost.

It is crucial to understand the repayment terms because falling behind on payments can attract penalty fees.

  • Loan Fees

Another thing to consider before borrowing money from cash advance/money lending apps is the loan fees. Some lenders charge interest on the loan, while others have subscription fees or can request a tip to complete the transaction. Also, with some money lending apps, late payments fees can apply. Furthermore, some loan apps can charge a fee to offer you instant loans.

And there you’ve got ten money lending apps to get quick cash when you’re in a bind.

Although these are great apps to help cover emergency expenses, creating and stashing some money in your savings is best to avoid taking costly payday loans.


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