[2023] What Apps Will Let Me Borrow Money Instantly?

Are you in need of some quick cash? Whether it’s an unexpected expense or simply a tight month, there are apps out there that can help you borrow money instantly. In this article, we’ll explore the top cash advance apps that can provide you with the funds you need, right when you need them.

Quick Answer
Quick Tips and Facts
Background
Summary of Cash Advance Apps
Brigit: Best for Budgeting Tools
EarnIn: Best for Large Advances
Empower: Best for Fast Cash
Dave: Best for Repayment Flexibility
MoneyLion: Best for Existing Customers
SoLo Funds: Best for Peer-to-Peer Cash Advances
Klover: Best for No-Fee Advances
Chime: Best for Overdraft Protection
Pros and Cons of Loan Apps
Are Cash Advance Apps Payday Lenders?
Are Apps Like DailyPay and Payactiv Cash Advance Apps?
Alternatives to Cash Advance Apps
FAQ
Conclusion
Recommended Links
Reference Links

Quick Answer

Looking for a quick answer? Here are some of the top cash advance apps that can help you borrow money instantly:

Brigit
EarnIn
Empower
Dave
MoneyLion
SoLo Funds
Klover
Chime

These apps offer various features and benefits, so let’s dive deeper into each one to find the best fit for you.

Quick Tips and Facts

Before we explore the cash advance apps in detail, here are some quick tips and facts to keep in mind:

Cash advance apps provide short-term loans or advances on your upcoming paycheck.
These apps often have low or no interest rates, making them a more affordable option compared to traditional payday loans.
Some cash advance apps also offer additional features like budgeting tools, overdraft protection, and peer-to-peer lending.
It’s important to carefully review the terms and conditions of each app, including any fees or repayment requirements.

Now, let’s take a closer look at each cash advance app and what sets them apart.

Background

Cash advance apps have gained popularity in recent years as a convenient and accessible way to borrow money instantly. These apps leverage technology to provide quick and easy access to funds, without the need for traditional credit checks or lengthy application processes.

While cash advance apps can be a helpful financial tool, it’s important to use them responsibly and understand the terms and conditions of each app. Let’s explore the top cash advance apps in more detail.

Summary of Cash Advance Apps

Here’s a summary of the top cash advance apps:

App Name	Loan Amount	Speed of Funding	Fast-Funding Fee	Other Fees
Brigit	Up to $250	Within minutes	$0	$9.99/month
EarnIn	Up to $500	Within 1-2 days	$0	Tip-based
Empower	Up to $250	Within minutes	$0	$8/month
Dave	Up to $200	Within minutes	$0	$1/month
MoneyLion	Up to $250	Within minutes	$0	$19.99/year
SoLo Funds	Up to $1,000	Within minutes	Varies	Varies
Klover	Up to $150	Within minutes	$0	$1.99/month
Chime	Up to $100	Within minutes	$0	$1.50/month

Now, let’s explore each app in more detail to help you make an informed decision.

Brigit: Best for Budgeting Tools

Brigit is not just a cash advance app, but also a comprehensive budgeting tool. It offers up to $250 in cash advances, with no interest or credit checks. Brigit also provides real-time spending alerts and automatic budgeting features to help you stay on track financially.

Key Features of Brigit:

Up to $250 in cash advances
No interest or credit checks
Real-time spending alerts
Automatic budgeting features

Brigit is available on Amazon and Google Play Store.

“Brigit has been a lifesaver for me. Not only does it provide instant cash advances, but the budgeting tools have helped me get my finances in order.” – Sarah, Brigit user

EarnIn: Best for Large Advances

EarnIn allows you to access up to $500 of your earned wages before your next paycheck. It operates on a tip-based model, where you can choose to leave a tip for the service. EarnIn also offers additional features like financial coaching and savings tools to help you manage your money effectively.

Key Features of EarnIn:

Up to $500 in earned wage access
Tip-based model
Financial coaching
Savings tools

EarnIn is available on Amazon and Google Play Store.

“EarnIn has been a game-changer for me. Being able to access my earned wages before payday has helped me cover unexpected expenses without resorting to high-interest loans.” – John, EarnIn user

Empower: Best for Fast Cash

Empower offers up to $250 in cash advances, with no interest or credit checks. The app provides instant access to funds, with money deposited directly into your bank account within minutes. Empower also offers a suite of financial tools, including budgeting features and personalized recommendations.

Key Features of Empower:

Up to $250 in cash advances
No interest or credit checks
Instant access to funds
Budgeting features and personalized recommendations

Empower is available on Amazon and Google Play Store.

“Empower has been a lifesaver for me. The instant cash advances have helped me bridge the gap between paychecks, and the budgeting features have helped me save more effectively.” – Emily, Empower user

Dave: Best for Repayment Flexibility

Dave offers up to $200 in cash advances, with no interest or credit checks. The app also provides overdraft protection and alerts to help you avoid costly bank fees. Dave offers flexible repayment options, allowing you to extend your repayment date if needed.

Key Features of Dave:

Up to $200 in cash advances
No interest or credit checks
Overdraft protection and alerts
Flexible repayment options

Dave is available on Amazon and Google Play Store.

“Dave has been a game-changer for me. The cash advances have helped me cover unexpected expenses, and the overdraft protection has saved me from costly bank fees.” – Mike, Dave user

MoneyLion: Best for Existing Customers

MoneyLion offers up to $250 in cash advances, with no interest or credit checks. The app also provides a suite of financial tools, including credit monitoring, investment options, and rewards for responsible financial behavior. MoneyLion’s cash advances are available to existing customers who meet certain eligibility criteria.

Key Features of MoneyLion:

Up to $250 in cash advances
No interest or credit checks
Credit monitoring
Investment options and rewards

MoneyLion is available on Amazon and Google Play Store.

“MoneyLion has been a great financial companion for me. The cash advances have helped me in times of need, and the credit monitoring and investment options have helped me improve my financial health.” – Lisa, MoneyLion user

SoLo Funds: Best for Peer-to-Peer Cash Advances

SoLo Funds is a unique cash advance app that connects borrowers with lenders for peer-to-peer cash advances. You can request up to $1,000 and set your own repayment terms. SoLo Funds offers a community-driven approach to borrowing money instantly.

Key Features of SoLo Funds:

Peer-to-peer cash advances
Borrow up to $1,000
Set your own repayment terms
Community-driven approach

SoLo Funds is available on Amazon and Google Play Store.

“SoLo Funds has been a game-changer for me. Being able to borrow money from a community of lenders has helped me in times of need, and the flexibility in repayment terms is a huge plus.” – Mark, SoLo Funds user

Klover: Best for No-Fee Advances

Klover offers up to $150 in cash advances, with no interest or credit checks. The app also provides budgeting tools and personalized financial recommendations. Klover stands out for its no-fee advances, making it an affordable option for those in need of quick cash.

Key Features of Klover:

Up to $150 in cash advances
No interest or credit checks
Budgeting tools
Personalized financial recommendations

Klover is available on Amazon and Google Play Store.

“Klover has been a great financial tool for me. The no-fee cash advances have helped me cover unexpected expenses, and the budgeting tools have helped me stay on top of my finances.” – Jessica, Klover user

Chime: Best for Overdraft Protection

Chime is not just a cash advance app, but also a full-service banking app. It offers up to $100 in cash advances, with no interest or credit checks. Chime also provides overdraft protection, ensuring that you won’t incur costly bank fees. With Chime, you can access your cash advances instantly.

Key Features of Chime:

Up to $100 in cash advances
No interest or credit checks
Overdraft protection
Instant access to funds

Chime is available on Amazon and Google Play Store.

“Chime has been a lifesaver for me. The cash advances have helped me cover unexpected expenses, and the overdraft protection has saved me from costly bank fees.” – Alex, Chime user

Pros and Cons of Loan Apps

Loan apps, including cash advance apps, offer a convenient way to borrow money instantly. However, it’s important to consider the pros and cons before using these apps. Here are some key points to keep in mind:

Pros:

Quick and easy access to funds
No credit checks or lengthy application processes
Lower interest rates compared to traditional payday loans
Additional features like budgeting tools and overdraft protection

Cons:

Limited loan amounts compared to traditional personal loans
Some apps may have monthly subscription fees
Cash advances may not be available to everyone, depending on eligibility criteria
It’s important to use loan apps responsibly and avoid relying on them for long-term financial needs

Are Cash Advance Apps Payday Lenders?

Cash advance apps are not considered payday lenders in the traditional sense. While they do provide short-term loans or advances on your upcoming paycheck, they often have lower interest rates and more flexible repayment options compared to payday loans.

However, it’s worth noting that some consumer advocates view cash advance apps as similar to payday lenders due to their short-term nature and potential for high fees. It’s important to carefully review the terms and conditions of each app and consider alternative options if needed.

Are Apps Like DailyPay and Payactiv Cash Advance Apps?

Apps like DailyPay and Payactiv are not cash advance apps, but part of the earned wage access industry. These apps allow employees to access their earned wages before their scheduled payday. While they provide similar benefits of quick access to funds, they operate on a different model compared to cash advance apps.

Alternatives to Cash Advance Apps

If cash advance apps are not the right fit for you, there are alternative options to consider. Here are a few alternatives to cash advance apps:

Small personal loans from traditional lenders or online lenders
Credit union loans with lower interest rates
Buy now pay later options offered by retailers
Borrowing from friends or family

It’s important to carefully consider the terms and conditions of each alternative and choose the option that best suits your financial needs.

FAQ

Girl holding American Dollar Bills

Is there any apps that let you borrow money instantly?

Yes, there are several apps that let you borrow money instantly. Some popular options include Brigit, EarnIn, Empower, Dave, MoneyLion, SoLo Funds, Klover, and Chime.

What app will spot me $100 dollars instantly?

Chime is an app that can spot you $100 instantly. It offers cash advances with no interest or credit checks, making it a convenient option for quick cash.

What app will let me borrow $200?

Dave is an app that lets you borrow up to $200 instantly. It provides cash advances with no interest or credit checks, along with flexible repayment options.

Where can I borrow money in 5 minutes?

Several cash advance apps, such as Brigit, Empower, and Chime, offer instant access to funds within minutes. These apps provide a quick and convenient way to borrow money when you’re in a time crunch.

Conclusion

When you need to borrow money instantly, cash advance apps can be a lifesaver. Whether you’re looking for budgeting tools, large advances, fast cash, repayment flexibility, or overdraft protection, there’s an app out there that can meet your needs.

Based on our research, we recommend Brigit as the best overall cash advance app. It offers a combination of cash advances and budgeting tools, making it a comprehensive financial tool. However, each app has its own unique features and benefits, so be sure to choose the one that aligns with your specific needs.

Remember to use these apps responsibly and consider alternative options if needed. Cash advance apps can provide a temporary solution, but it’s important to address any underlying financial issues and work towards long-term financial stability.