10 Best Money Lending Apps To Get Quick Cash In 2024

Charity Jerop
June 16, 2024
10 Best Money Lending Apps To Get Quick Cash In 2024
10 Best Money Lending Apps To Get Quick Cash In 2024

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Do 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 blog 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. MoneyLion: Best For Building Credit and Flexible Repayment

  • Advance amounts: Up to $250 
  • Subscription fee: None 
  • Cash advance fee: Varies depending on advance amount and repayment speed (typically $1-$5)
  • Interest rate (optional): 0% – 29.99% APR (depending on advance amount and repayment method) 
  • Repayment: Flexible repayment options (immediate, split payments, or extended terms with interest)

MoneyLion shines for those looking to build credit and cover unexpected costs. Unlike some apps, it has no monthly fees, but charges a variable fee per cash advance (up to $250). The true benefit lies in its credit-building features that get reported to bureaus, potentially boosting your score. Plus, you can repay flexibly, either immediately, in splits, or with extended terms (at a lower interest rate).

MoneyLion Pros

  • No monthly subscription fees, you only pay for the cash advance itself.
  • Offers features like secured loans reported to credit bureaus, helping improve your credit score over time.
  • Choose immediate repayment, split payments, or extended terms with interest.
  • Cash advance fees can be lower than Dave’s, especially if you don’t need express funding.
  • Up to $250 cash advance compared to Dave’s $100 limit for non-members.

MoneyLion Cons

  • You’ll still pay a fee for using the cash advance service.
  • Choosing extended repayment terms with interest can make the cash advance more expensive.
  • MoneyLion doesn’t directly connect you with side hustles.
  • MoneyLion’s maximum advance stays at $250.

2. Dave: Best For Avoid Overdrafting

  • Advance amounts: Up to $500
  • Subscription fee: $1
  • Optional fast-funding fee: $1.99-$13.99
  • Optional tip: Up to 25% of the amount borrowed
  • Repayment: Withdrawn from your bank account on the date Dave determines to be your next payday.
  • Time to fund without express fee: 2-3 business days
  • Time to fund with express fee: Up to an hour

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.

3. Earnin: Best For Flexible Paycheck Advances

  • Amount: Earnin allows you to access up to $500 per pay period, depending on your earnings and other factors.
  • Processing Time: The processing time for Earnin varies depending on your bank and how you set up your account. Once your Earnin account is connected to your bank, you can choose to receive funds instantly or within 1-2 business days.
  • Repayment: Earnin automatically deducts the advanced amount from your bank account on your next payday. You can also choose to make a voluntary repayment or set up an automatic tip to support the service.
  • Fees: Earnin operates on a “pay what you think is fair” model, where users have the option to leave a tip for each transaction. The app does not charge any mandatory fees.

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.

4. Brigit: Best For Managing Cash Flow and Avoiding Overdraft Fees

  • Amount: Brigit offers cash advances of up to $250.
  • Processing Time: Once approved, you can receive the funds instantly or within one business day, depending on the transfer method you choose.
  • Repayment: The loan is automatically repaid from your linked bank account on your next payday. If you need more time to repay, you can request an extension.
  • Fees: Brigit offers a subscription service, starting at $9.99 per month, which includes access to cash advances, financial tools, and other features. Additional optional fees may apply for expedited funding and extended repayment options.

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.

5. Empower: Best For Quick Cash Advances

  • Amount: Empower offers personal loans ranging from $500 to $35,000, depending on eligibility.
  • Processing Time: The processing time for Empower loans can vary, but it typically takes a few business days to receive a decision on your loan application.
  • Repayment: Repayment terms for Empower loans range from 6 to 60 months, allowing you to choose a repayment schedule that fits your needs.
  • Fees: Empower charges an origination fee on its loans, which is deducted from the loan amount before you receive the funds. The specific fee amount can vary based on various factors, including loan amount, term, and your creditworthiness.

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.

6. Cleo: Best For Budgeting and Cash Advances

  • Amount: Free: Cleo offers budgeting and saving tools to help you manage your finances
  • Cleo Plus (Subscription): Get up to $100 in cash advances to cover unexpected expenses (eligibility applies).
  • Processing Time: Cleo aims for quick processing on cash advances, but the exact timeframe may vary.
  • Repayment: Cleo will provide a clear repayment schedule for any cash advance you receive. Be sure to follow these terms to settle the borrowed amount.
  • Fees: Free: Cleo’s budgeting and saving features are free to use.
  • Cleo Plus: A monthly subscription fee applies to access cash advances and other premium features (currently $5.99). There may also be additional fees for express cash advance transfers.

Cleo is your financial cheerleader, offering a free app with budgeting tools, saving hacks, and overdraft fee alerts to help you take control of your money. You can set goals, track expenses, and even get personalized tips to manage your finances better.

Cleo also boasts a fun and friendly personality, aiming to lighten the stress of money management. However, for those needing a little extra help, Cleo Plus offers a subscription service with features like cash advances (up to $100, eligibility applies) and credit score insights. Keep in mind that Cleo Plus comes with a monthly fee, and even then, cash advances aren’t guaranteed.

Cleo App Pros

  • Track income and expenses, set goals, and receive personalized tips to manage your money effectively.
  • Avoid those dreaded fees with Cleo’s handy notifications when your account is nearing its limit.
  • Cleo’s friendly personality can make managing your finances a less stressful experience.
  • Gain access to cash advances (up to $100, eligibility applies) and credit score insights for a deeper understanding of your financial health.

Cleo App Cons

  • Even with Cleo Plus, the cash advance amount is capped at $100, which may not be enough for larger expenses.
  • Cleo’s cash advance feature requires a Cleo Plus subscription, adding a monthly cost.
  • Not everyone is guaranteed a cash advance with Cleo Plus. Cleo determines eligibility based on your financial situation.
  • While the basic features are free, Cleo Plus has a monthly fee and may have additional charges for express cash advance transfers.

7. Possible Finance: Best For Bad Credit Loans

  • Amount: Possible Finance allows you to qualify for a loan of up to $500, providing financial assistance to cover expenses until your next paycheck.
  • Processing Time: With the Possible Finance app, you can apply for a loan directly from your phone and receive an instant decision. The processing time is quick, allowing you to access the funds promptly.
  • Repayment: Possible Finance will outline the repayment terms and schedule for your loan. It’s important to adhere to these terms and make timely payments to fulfill your repayment obligations.
  • Fees: It’s advisable to review the terms and conditions of Possible Finance to understand any applicable fees associated with their loan services. This can include interest charges or other fees related to borrowing.

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.

8. Vola Finance: Best For Quick Funding

  • Amount: With Vola Finance, you can secure up to $300 in minutes, providing you with the necessary funds for your financial needs.
  • Processing Time: Vola Finance aims to provide funding within hours. Their streamlined process ensures that you can access the funds promptly when you need them.
  • Repayment: Vola Finance offers flexible loan repayment options. If you encounter difficulties in making payments, you have the option to request a payment extension directly through the app.
  • Fees: Vola Finance boasts zero-interest fees, meaning that you won’t incur any interest charges on your loan. This can help you save money compared to traditional lending options.

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.

9. Chime: Best For Overdraft Protection

  • Amount: Chime offers overdraft protection of up to $200, allowing you to access additional funds when needed. This feature can help you avoid insufficient fund fees and cover unexpected expenses.
  • Processing Time: Chime provides instant access to the overdraft funds, allowing you to utilize the funds immediately after approval. This quick processing time ensures you have the necessary funds when you need them.
  • Repayment: Chime does not charge transaction fees or interest for the overdraft. Instead, they offer an optional tip system, where you can choose to leave a tip as a way to support the service.
  • Fees: Chime does not charge any monthly subscription fees, making it a cost-effective option for overdraft protection. However, it’s important to note that leaving an optional tip is encouraged as a way to support the service.

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.

10. Current: Best For Flexible Funding

  • Amount: Current allows for no-fee overdrafts of up to $200. This amount can be utilized to cover various expenses such as groceries, gas, bills, and emergencies.
  • Processing Time: With Current, once your paycheck is deposited, the app will automatically deduct the overdraft balance, eliminating the need for manual actions on your part. This ensures a streamlined process for managing your funds.
  • Repayment: Since Current offers overdrafts, the repayment occurs automatically when your paycheck is deposited into your account. This automated deduction simplifies the repayment process, as you don’t have to actively make repayments.
  • Fees: Current does not charge any overdraft fees, making it a cost-effective option for managing your expenses and emergencies.

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.

Money Lending Apps Pros

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

1. 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.

2. 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!

3. 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.

4. 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.

1. 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.

2. 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?

1. 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.

2. 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.

3. 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.

4. 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.


When it comes to getting quick cash in 2024, these 10 money lending apps are your ultimate lifesavers. With just a few taps on your smartphone, you can access the funds you need, precisely when you need them. Say goodbye to lengthy paperwork, endless queues, and frustrating approval processes.

In addition to the above mentioned apps, other money lending apps like Quick Benjy, PayActiv and SoFi are also gaining significant popularity as top choices. These apps have revolutionized the way we borrow money, offering convenience, speed, and flexibility like never before. So don’t waste time in the traditional queue at banks instead download these apps today for hassle free cash.


To borrow cash instantly, you can consider the following options:-

  • Use money lending apps that offer quick approval and disbursement processes.
  • Explore online peer-to-peer lending platforms that connect borrowers with individual lenders.
  • Check if your bank or credit union offers instant loan products.
  • Consider using credit card cash advances, although they may involve higher interest rates and fees.

The availability of apps that provide specific loan amounts can vary, and it’s difficult to pinpoint an app that consistently offers $250 loans. However, many lending apps provide loan options that allow you to borrow smaller amounts like $250. Some popular apps to explore for potential loans are Brigit and Empower.


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