The world has grown fast in so many ways and one of those ways Is the use of cash advance apps to get payday loans. If you have a bill to settle, but your payday is still very far ahead, there are apps to turn to that give you a quick funding payday loan.
It is a known fact, that most people have situations to attend to before their payday, however, with top cash advance apps, you can get loaned before your payday. However, in this blog post, you will find out different $50 instant loan apps that you can turn to if you need any emergency funds.
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What Are Cash Advance Apps?
Cash advance apps are applications accessed through your computer or mobile phone that provide you with a short-term loan to cater to different needs until your payday. These applications sometimes are free or with little charges as well as easy approval and funding.
Read on to find out about those apps.
19 Best Cash Advance Apps
Below are the apps that can get you a $50 instant loan before your payday.
MoneyLion
This app loan you up to $250 without interest or signup few. On this app, you have access to other banking features like; checking services, monitoring credit, etc as well as a Credit builder that gives people with poor credit $500 at 5.99 APR. To be able to get an instant loan, all you need to do is to download the app and sign up.
Earnin
This allows you to get a loan up to $100 at first use, but upon constant usage, you get advanced to $500. It also offers other features such as a Balance shield, cash-back rewards, savings, health-aid, etc. However, the exact loan gets deducted once you get your paycheck.
To be able to get a loan from this app, you must have a checking account with any supported bank and it loans without interest or fee.
Empower
This is a cash app that helps you get an instant loan up to $250 without interest or charges. All you need to do is to download and subscribe to the app and this gives you access to other features like budgeting, saving, etc. However, it connects with your banking history, average monthly deposit to check your eligibility.
To get qualified easily, you can constantly deposit to the app checking account with an interest of 0.25%.
Dave
This loans you up to $100 with no credit check required.
The loan is deposited into your account and also deducted from your account on your payday.
Brigit
This app can offer you a loan of up to $250 which is disbursed into your account without a credit check and fee.
To be eligible for this instant loan, you must;
- Continually have an account balance over $,
- A stable source of income,
- An individual checking account of at least 60 days old,
- Balance in your checking account at least two days after getting paid,
- The checking account must prove sufficient activity such as either paying bills, receiving deposits, etc,
- An average paycheck of at least $400.
Varo
This gives you access to your full paycheck two days before the due date. It also enables Savings, Free transfers between Varo account users, Instant notifications of money movement, the Ability to overdraw your account by $50 with no fees when using your debit card, etc
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Chime
This works for you just as the Varo app works
PayActiv
This is different from other payday loan apps because you can’t access it on your own, rather, it is given to you as a benefit by your employer. This enables you to collect any percentage of your earned wages with a charges fee of $0 and $5. It has other features as well.
DailyPay
This works just like PayActiv, but here your credit is built in your DailyPay account for each hour you have worked with a charges fee of $1.25 per transfer.
Branch
Here, workers can adjust their shifts, request time off, and reach the wages they have earned early. To use its other features, you must have a twice deposit of $40 as an employee with your employer.
FlexWage
This app gives you paycheck advances, however, its limits are determined by your employer as he or she is responsible for paying the service fee.
Possible
This gives you access to request an instant loan up to $500 with a reputable amount.
Wealthfront Cash Account
This gives you access to your payroll two days before your official payday in as much as you have a deposit account with them. It has no fee charges, although there is a minimum interest rate
Even
This is also given by your employer, here your employer might decide to make it free or paid. This gives you access to your earned wages before payday.
Vola
This app loans you a cash advance of #300 which is received within 24 hours. This requires a membership of $4.99 per month to be able to access other features. however, to be able to effectively maximize this app, you must have a minimum valance of $150
Other top cash advance apps include;
- Current,
- Go2Bank,
- SoFiMoney, and
- AxosBank.
SEE ALSO: Where do Banks Get Money to Loan Borrowers?
Conclusion
Instant loan apps can be used when in need of emergency funds, but they do not provide solutions to long-term financial issues.
With this before-pay day loans app, you can get fully solve emergencies as well as use other features of budgeting, tracking, saving, etc.
If you are familiar with any of these apps, or you know any other apps not listed here, share using the comment section.
