Top Loan Apps in the USA | Register Now!

Top Loan Apps in the USA | Register Now!

Top Loan Apps in the USA | Register Now! – Are you in need of money to pay rent or settle some bills? Or an emergency arose and you are kind of broke and in need of a loan. Do not panic, the best loan apps in the USA get you covered. We sometimes find ourselves in unpleasant situations where we are in desperate need of funds. But the arrival of the next paycheck seems so far. This is why these best loan apps come in.

With any of these best loan apps installed on your mobile, you can request loans up to $100. And few tend to offer more. All that is required if you in getting the loan is to agree to all of their terms and conditions and you are good to get the required amount you so desire. Also, the interest rates are not that high. In addition, the apps are easy to use. You can request a loan within minutes. Let’s check these best loan apps in the USA.

Read: How to Apply for 2023 Student Loans: Win A Study Loan Grant!

What Are Loan Apps and How Can They Help Me?

Cash advance apps front you money until your next paycheck arrives. So you should think of them as short-term funding products that help you overcome emergencies. You need to have employment or self-employment income or receive recurring government benefits to qualify. That way, the lender knows that you can repay the proceeds. However, many of the companies on our list don’t charge any interest, so if you’re in a tight spot and need instant funding, cash advance apps can offer safe and legit bridge financing.

Also, loan apps cover small expenses of a few hundred dollars or less. Therefore, if you have a utility bill that’s past due or have to fill an unexpected prescription, loan apps will advance you the money and let you repay the funds with your next paycheck. As a result, if you don’t have emergency savings, loan apps are often an interest-free way to overcome financial challenges.

What you should know about apps that lend money in USA, UK, CANADA, FRANCE

Apps that lend money may be able to help you when you’re in a financial bind. For people who are living paycheck to paycheck or who may not have an emergency fund, a sudden expense can leave them scrambling to cover the cost.

But apps that lend money often charge fees, even if they don’t charge interest. Fees can range from monthly membership fees to one-time processing fees. Carefully review the terms and conditions before using an app to take out an advance.

Emergencies happen, so there may be times when you need to get a small loan or advance on your next paycheck. But if it’s happening regularly, you may need to review your budget and identify areas where you can cut back or think about ways to increase your income so that you have enough money to cover your expenses.

If you’re struggling to manage your debt, consider using a credit counselor with a nonprofit credit counseling agency or a counseling agency approved by the Department of Housing and Urban Development to get advice on how to work on your finances.

Best loan apps in the USA

Best Overall Loan App in USA: Earnin

Earnin is our pick for the best overall app for borrowing money because of its “Cash Out” option, which can give you access to your paychecks early. Earnin promises no interest charges and no mandatory fees, and customers can advance up to $750 of their earnings per pay period. When you need money quickly, Earnin can be a cost-effective way to avoid overdraft fees or payday loans.

Earnin also offers features to help people protect their accounts from overdrafts. Earnin sends alerts when your account balances are low, and you can automatically access up to $100 of your earnings to prevent overdrawing your accounts.

Best Loan App in USA for low fees: Dave

If you need cash to avoid overdraft fees or to cover a minor expense, Dave offers up to $500 in cash advances. The Dave app doesn’t charge interest. Instead, it has a $1 membership fee. The platform encourages users to tip, but tipping is entirely optional.

Dave members can access other benefits, such as credit-building services, budgeting tools and a database of side gig opportunities to earn extra income.

Best loan app in USA for overdraft protection: Chime

For workers who aren’t eligible for Branch — or who want to use other banking services, Chime may be a useful option. With Chime, you can get your paycheck up to two days sooner through direct deposit.

Chime also offers banking services like secured credit cards, high-yield savings accounts and fee-free ATMs. With a Chime checking account, there are no monthly fees or minimum balance fees. And with its SpotMe service, Chime will cover up to $200 on debit card purchases with no overdraft fees. There are no fees to sign up.

Best loan app in USA for small loan amounts: Brigit

With Brigit, you can get up to $250 without undergoing a credit check. Cash advances may be available in as little as 20 minutes after submitting a request.

Brigit has two plans to choose from: free and Plus. The free plan provides financial insights and tips but doesn’t give users access to cash advances. If you want to use that feature, you’ll have to enroll in the Plus plan.

Rather than charging interest, Brigit charges a flat monthly fee of $9.99 to use its Plus plan. Members can take advantage of features like $1 million in identity theft insurance, budgeting tools, account balance alerts and credit report access.

Best loan app in USA for early payments: Branch

With the Branch app, eligible employees can get up to 50% of their earned wages early. There are no credit checks, and there’s no cost to the employee.

Branch’s cash advance feature is only available to workers employed by participating companies. Branch works with the employers to get employee attendance files and estimates of wages earned. As an employee, when you use the app to request funds, the money is deposited into your Branch digital wallet.

There’s no cost for you as long as you opt for standard deposit. But if you need the money within minutes, you can choose the instant deposit option for a small fee.

Best loan app in USA for peer-to-peer payments: CashApp

Anyone older than 18 can sign up for a CashApp account. When you sign up, you can access your paychecks up to two days early. You can also access free ATM withdrawals as long as you have at least $300 of income coming in each month.

Through CashApp, you can send money to friends or family or pay for services. Plus, you can invest in stocks and Bitcoin with as little as $1. There isn’t a fee for CashApp’s direct deposit service or to transfer money to other people. There are fees for ATM withdrawals and cash card upgrades.

Best loan app in USA suite of online services: MoneyLion

Through InstaCash, MoneyLion customers may be able to get a cash advance for up to $250 without paying interest or monthly fees, and without having to undergo a credit check.

In addition to cash advances, MoneyLion offers a range of financial services you can manage online. By joining MoneyLion, users also can invest in cryptocurrency, access automatic investment accounts, apply for a credit-builder loan and earn debit card rewards.

Best loan app in USA for managing finances: Even

With Even, eligible employees may be able to get up to 50% of their earned wages early. The Even app includes budgeting tools that can help people track their spending and get a view of their entire financial picture.

Even also allows people to set up savings goals and to automatically transfer a percentage of their paychecks into savings. Employers can sign up for an optional interest match to help their employees’ savings grow.

Best loan app in USA for large loan amounts and perks: SoFi

SoFi offers a wide range of loans, including personal loans. Through SoFi, you can apply to borrow $5,000 to $100,000 with a personal loan, and you may be able to get the funds as soon as the same day you apply. But keep in mind that the exact amount of time it takes for money to appear in your account will depend on your bank.

SoFi doesn’t charge origination fees or prepayment penalties for its personal loans. When you open an account with SoFi, you become a member and are eligible for its other perks. Member benefits include financial planning and career coaching.

Best loan app in USA for transparency: PayActiv

PayActiv offers early paycheck access as well as budgeting and savings tools. Customers can get up to 50% of their earned wages before payday, and you choose where to transfer the money. You can have the money transferred to a bank account, pick up cash at Walmart or transfer your money to AmazonCash. You can also pay bills right from the app.

For people who want to use PayActiv to access their direct deposits two days sooner, PayActiv is free if you sign up for direct deposit to the PayActiv Visa card. It’s also free to view your “accessible” balance, prescription discounts, financial counseling services and savings features.

Top 10 Loan Apps in USA

1. Earnin


Earnin is one of the cheapest loan apps in the US and with it, you can access up to a maximum of $100 to $750 per pay period. Think of it as instant cash you can use before payday to cover anything you need. When you need money quickly, Earnin can be a cost-effective way to avoid overdraft fees or payday loans.

It keeps track of how much you are paid on an hourly basis using your phone’s GPS. You can borrow money from the app based on the hours you’ve worked for months before you get paid. Earnin withdraws the cash you borrowed from your bank account on your next payday.

There are interesting reviews from those who are using or have used this app previously. Check out the reviews here

To start using Earnin, simply download the app from the google play store or apple, install it on your mobile device, and start using it.

2. Dave

Top 10 Loan Apps in the US

Dave app is one of the best loan apps in the US especially if you want to cover a minor expense. With this app, you can access up to $250 before your next paycheck. Interestingly, the app doesn’t charge a membership fee; instead, it has a $1 membership fee you pay every month. Although Dave encourages members to tip, tipping is optional.

The Dave app monitors your spending and will alert you if you’re at risk of overdrawing your account. There’s no interest or fees, though the company accepts tips. Dave was founded in 2017 to offer customers a way to avoid bank overdraft fees and the app is available on Apple and Android devices.

3. MoneyLion

best loan apps in the USA

Another loan app in the USA that gives you an advance fund before your payday is MoneyLion. The MoneyLion app allows users to get cash advances of up to $250. You’ll have to pay a fee if you need your funds quickly, but there’s no interest or fees with the cash advance.

In addition to cash advances, MoneyLion offers credit-builder loans and mobile banking accounts. As with other top loan apps, the app doesn’t charge any fees and tipping is optional. Members get access to their credit score, tips on how to improve that credit score, and other helpful tools.

4. Brigit


Brigit is a budgeting app that can get you up to $250 whenever you need it. To get the cash advance, you have to use the paid plan, which includes cash advances, overdraft coverage, and credit monitoring. Brigit also helps app users find gig work, and Plus members get $1 million in identity theft insurance.

Unlike other apps, Brigit provides free access to financial experts who can help users create a budget and track spending. However, users who want to access the app’s cash advance function must pay $9.99 per month, which adds up to around $120 per year. Cash advances are available between $50 and $250 with instant funding speeds for eligible members.

The app is available on Android and Apple devices and stands out for its budgeting tools that help you track your spending.

5. Chime

Mobile Loan App for iPhone and Android in the US: Chime

The Chime app is an app that helps you receive your paycheck two days before payday. You can request a loan of up to $100 on the chime app and will be automatically debited when you are been paid. Chime also offers banking services like secured credit cards, high-yield savings accounts, and fee-free ATMs. With a Chime checking account, there are no monthly fees or minimum balance fees. And with its SpotMe service, Chime will cover up to $200 on debit card purchases with no overdraft fees. There are no fees to sign up.

The app is available on Android and Apple devices.

6. Branch


The branch app is an easy-to-use app that let you borrow money easily. To use Branch Pay to get a cash advance, you must have at least two months of direct deposits from the same employer. Each deposit must be more than $40 and deposited into the same bank account with a participating bank. If you don’t have enough money in your Branch Wallet to cover a bill, Branch won’t pay it.

When you first start using the app, Branch says your cash advance limit will be low. But as you use the app over time and repay your advances, your limit may increase.

With the Branch app, eligible employees can get up to 50% of their earned wages early. There are no credit checks, and there’s no cost to the employee. The branch works with the employers to get employee attendance files and estimates of wages earned. When you use the app to request funds, the money is deposited into your Branch digital wallet.

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7. PayActiv

PayActiv loan app

PayActiv is an alternative to short-term, small-dollar, predatory lending products that are used by millions of workers while waiting for payday. With PayActiv, employees are able to access their earned, but currently unpaid income with no interest rate. They can also use the PayActiv mobile app to pay bills, do bank transfers, and start budgeting and saving.

8. CashApp


CashApp is a new app that lets you access your paychecks up to two days early. You can also access free ATM withdrawals as long as you have $300 of income coming in each month. Anyone older than 18 can sign up for a CashApp account. There are fees for ATM withdrawals and cash card upgrades but there isn’t a fee for CashApp’s direct deposit service or to transfer money to other people

9. Empower

Empower Finance App: 10 loan apps in the US

Need extra cash to make it to your next paycheck? Empower’s got your back. Get up to $250 instantly. Say goodbye to overdraft fees and stressing about money. No credit score or security deposit to qualify.

Empower offers cash advances, budgeting tools, and bank accounts. The typical funding time for an Empower advance is one day, but users can pay an instant delivery fee to get funds within an hour. The app includes an automatic savings feature, which allows users to select an amount for the app to transfer from their checking to their savings account.

10. Viva Payday loans  

Viva App

Viva Payday Loans is one of the highest-rated payday loan apps available and gives you access to $100 to $5,000. This software takes pride in providing rapid loan approvals and deposits into your bank account the next business day. The entire application process is completed online in less than five minutes. From the website’s homepage, you can select the loan amount you want to apply for.

Which app gives loans instantly in the USA?

Here is the list of the USA’s best instant loan apps:
1. Empower
2. Dave
3. Earnin
4. PayActiv
5. MoneyLion
6. Chime
7. Brigit

Can I borrow money from Chime?

Chime not only lets you cash out early advances up to $100 before your payday but also assists you in tracking your account balances, daily transactions, and savings anytime and anywhere.

What are the best $50 loan instant apps?

The best $50 loan instant apps in 2023 are-
1. Cashmama
2. Ezloans
3. Chime
4. MoneyLion
5. Earnin

Which app is best for taking an instant loan?

The best app for taking an instant loan is-
1. Earnin
2. Dave
3. Brigit
4. Chime
5. MoneyLion

Is There a Difference Between Loan Apps and Payday Loans?

Yes. Shady lenders often disguise their products as cash advances. However, it’s a scam that’s easy to avoid. That’s why we only list safe and legit cash advance apps, and the majority of the companies on our list don’t charge interest. Conversely, payday loans have an average APR of 400%, and you’ll find this out when unscrupulous lenders reveal the loan’s expensive terms. Therefore, please avoid these companies as they often trap borrowers in a vicious cycle of debt. In contrast, if a cash advance app has a 0% APR and little or no fees, you know it’s a reputable lender.

In addition, since payday loans often require repayment in 15 days, and the amount you can borrow is typically only a few hundred dollars, it’s easy to confuse the product with a loan app. However, the significant difference is that most cash advances are interest-free, while payday loans have an average APR of 400%. Moreover, even if we factor in monthly membership fees, cash advance apps’ all-in APRs are roughly 6% to 60%. Thus, a two-week advance through a loan app is more affordable than a payday loan.

Likewise, penalty fees are often much higher with payday loans than cash advances. As a result, the compounding effect of payday lenders’ practices often impairs borrowers’ financial health. And before they know it, a $300 payday loan incurs more than $300 in interest, fees, and charges. Thus, even if it’s an emergency, we recommend that you avoid payday loans, as there are much better alternatives available in the marketplace.

How Much Can I Borrow on Loan App?

Cash advance apps typically offer between $5 and $300, and you often repay the proceeds when your next paycheck arrives. Thus, they’re a great resource if you need a quick cash infusion to pay a bill or cover an unexpected expense. However, more considerable expenses often require more flexible loans. For example, weather damage to your home or a new part for your car will likely cost more than $300. In addition, if you live paycheck to paycheck, unexpected expenses can severely impact your budget. Therefore, repaying the loan in 15 days may not fit your needs.

If this is the case, you may want to consider a personal loan. With typical APRs of 5.99% to 35.99% and standard terms of one to five years, personal loans allow you to spread your payments out over a suitable timeframe. As a result, please consult our marketplace and shop around for more options. You can browse dozens of lenders there, and applying doesn’t require a commitment and won’t impact your credit score.

Is It Smart to Use Apps That Loan You Money Instantly?

It depends on your personal preferences. Please remember cash advance apps are great if you need short-term funds for an emergency and don’t want to incur interest. Moreover, since most loan apps don’t have minimum credit score requirements, recurring income is more important than a good credit score. As a result, while it’s rare to find loan companies that offer instant approval, your chances of obtaining a no-interest cash advance are pretty high.

In addition, loan products are like tools, and specific tools handle specific jobs. For example, if you’ve been eyeing a pair of shoes and a flash sale emerges, a loan app will let you make the purchase and repay the funds later. Conversely, if you wait for your paycheck to arrive, the item might be sold out, or the flash sale could be over. Therefore, loan apps are valuable tools when small but unexpected expenses require immediate action. However, when you have the time to plan, personal loans are often more appropriate products.

Do Loan Apps Have Fees?

Yes. Since most loan apps don’t charge interest, their fee structures often make up the difference.

Monthly membership fees:

Many loan apps require premium membership to access their cash advance services. If you scan the reviews above, you’ll notice that the lenders on our list have membership fees that range from $1 to $9.99 per month. And while premium members have access to other benefits like cash-back rewards, you should compare the membership fee to your expected usage to determine if the expense is worthwhile.

Same-day funding fees:

While funding of one to five business days is often free, loan apps usually charge extra for instant deposits. As evidence, the lenders on our list charge $1.99 to $7.99 for immediate cash advances, and you should consider the fee when calculating your all-in APR.

External bank account fees:

While most loan apps don’t levy the fee, Albert charges $6.99 to send cash advances to an external bank account. However, cash advances deposited in an Albert bank account are free of charge, and there is no monthly membership fee. As a result, the same loan app can be perfect for one person and unattractive to another.

Late payment fees:

Most loan apps don’t have late payment fees. However, charges may apply if you don’t repay the funds on time. In addition, late payments can also impact your credit score.


While these are voluntary, tips can increase the cost of your cash advance. Many loan apps let you leave a “tip” to show your appreciation for the service. And it often ranges from 0% to 10% of the amount borrowed. However, it’s not a requirement.

Calculating your all-in APR:

Like many financial services companies, cash advance lenders use fees to generate revenue. As evidence, Brigit, Cleo, and Dave have monthly membership fees of $9.99, $5.99, and $1. Thus, if you only borrow $200 once per year, the monthly membership fee can cost roughly 6% to 60% in membership APRs. Therefore, a personal loan is often cheaper.

In addition, if we combine Dave’s $12 annual membership fee with its $5.99 fee for advances of $100 to $250, the total APR is roughly 9%. Likewise, if you only borrow $50 once per year, the actual APR is approximately 36%.

Overall, cash advance apps are cheaper than payday loans. But if you have good credit and can obtain a personal loan with an APR of 5.99% to 10%, you may not need a cash advance app. However, if you have bad credit and don’t need a large amount or flexible terms, a cash advance app may be the right fit.

What Else Should I Know About Loan Apps?

To learn more about whether cash advance apps are right for you, please consult our list below:


  • Cash advance apps cost less than payday loans.
  • Cash advance apps cost less than alternative payday loans.
  • Most cash advance apps don’t require you to pay interest.
  • Most cash advance apps don’t conduct credit checks.
  • Cash advance apps approve borrowers with good, fair, bad, and no credit.
  • Most apps let you link an external bank account.
  • Standard deposits of one to four business days typically don’t incur fees.
  • You can often choose to repay the proceeds manually or with your next paycheck.
  • Many cash advance apps don’t charge late payment fees.


  • Some apps make you pay a monthly membership fee.
  • You often have to pay a fee for instant funding.
  • You often need a direct deposit history and recurring income to qualify.
  • Some cash advance apps require personal, identity, and mobility disclosures.
  • The short-term loans usually need to be repaid within 15 days.
  • Though voluntary, tips can increase the total cost of your loan.

Can I Borrow Money From Several Loan Apps?

Yes. It’s possible to borrow money from multiple lenders. However, you’ll need to create an account with several companies and disclose this information when submitting your applications. Moreover, if you need more than $300, a personal loan may be more beneficial than applying for multiple cash advances.

To help you decide, please consider that while personal loans incur interest, they have more flexible terms, and you can spread your payments out over several years and ensure that your payback period fits your budget. Conversely, while multiple cash advances may not incur interest, you’ll have to pay them all back with your next paycheck. As a result, the strategy may not be helpful in the long run.

What’s More Important: My Credit Score or My Income?

While specific policies vary by lender, typical cash advance apps don’t check your credit. Instead, they conduct cash flow analysis to ensure that you have enough recurring income to repay the loan. Remember, most apps’ algorithms monitor your bank account to determine if more money is going in than going out. Therefore, your income is of immense importance. However, lenders should approve your request if there is a surplus in your account each month and your spending habits meet their criteria. Thus, your credit score doesn’t matter much when they conduct this analysis.

How Do Loan Apps Differ From Personal Loans?

If you’re unsure of the differences between cash advance apps and personal loans, a few bullet points should help determine which product is right for you.

  • Cash advance apps typically let you borrow between $100 and $300, while personal loan providers offer $1,000 to $100,000.
  • Some personal loan borrowers can qualify for up to $250,000.
  • Cash advances typically don’t incur interest, while personal loans have APRs that usually range from 5.99% to 35.99%, though some can go as low as 2.49%.
  • Cash advances have typical terms of 15 days, while personal loans have standard periods of one to five years.
  • Cash advances often don’t, while personal loans usually have loan origination fees.
  • Both cash advances and personal loans typically have late payment penalties.

As a result, determining which product is right for you comes down to the amount of money you need and your desired time horizon. So if you need to repair your roof or have problems with your car, a cash advance of $100 to $300 likely won’t be enough. However, a cash advance may be appropriate if you need to pay a utility bill or make a small purchase.

How Do Loan Apps Differ From Credit Cards?

Cash advance apps are somewhat similar to credit cards. For example, while the latter has a much higher borrowing limit, credit cards don’t charge interest if you repay your balance before the end of your monthly billing cycle. As a result, both are interchangeable for short-term purchases.

However, the main difference is that most cash advance apps don’t conduct credit checks, while credit card providers often require high credit scores to qualify. Also, most credit card issuers won’t extend unsecured financing to borrowers with poor credit scores. Therefore, a secured credit card is the only option, defeating the purpose since it requires upfront collateral. Conversely, cash advance lenders care more about your cash flow than your credit score, and they often extend credit as long as you have recurring income. As a result, while both can serve the same purpose, credit cards may not be an option for some borrowers.

Are Loan Apps Safe to Use?

Yes. In 2019, the New York Department of Financial Services initiated an investigation into payroll advance companies’ adherence to state laws. Some states have APR caps, and lenders can’t charge more than the regional limit. Therefore, alternative lenders with APRs of 35.99% to 100% or more only operate in select states.

However, the point of the investigation is to determine if cash advance apps disguise monthly membership fees, tips, and other charges as expenses that increase your APR beyond the allowable limit. As mentioned above, most all-in APRs range from 6% to 60%. Thus, some apps may indirectly violate state laws with some loans.

However, the companies on our list remain in operation, and many of their partner banks are FDIC insured. As a result, while we can’t state for sure, U.S. regulators likely believe these companies adhere to state laws.

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