Do you need money fast? Are you looking for a way to borrow money without having to go through a bank? If so, you may want to consider borrowing money from different apps. These apps offer short-term loans that can help you cover unexpected expenses or get rid of an existing debt that may hamper your credit score. And because the process is online and relatively quick, it’s a great option if you need money urgently. Here are some of the apps from which you can borrow money:
1. Dave
Dave is a financial wellness app that significantly reduces stress caused by due bills and unexpected expenses. It is one of the most popular apps from which you can borrow money. It provides advances on your upcoming paycheck at a fair price with no hidden fees. So, you can avoid costly overdraft fees, late payment charges, and other penalties associated with not having enough money to cover expenses. It also offers personal financing ideas, tips and tricks for reducing expenses, and side hustle suggestions. Dave’s ultimate goal is to help people break the cycle of living paycheck-to-paycheck so they can take control of their finances and build a bright future.
2. Earnin
If you’re in need of a quick cash infusion, Earnin may be the perfect solution. The app allows you to borrow against your upcoming paycheck, giving you access to funds when you need them most. There are no fees or interest charges, and you can repay the loan as soon as you receive your paycheck. Earnin is a great option for those who need a little extra financial cushion, but it’s important to remember that the amount you can borrow is limited. In fact, if you are new to the app, you will only be able to borrow a maximum of $100.
3. Brigit
When it comes to apps that allow you to borrow money, Brigit is one that stands out from the rest. It allows you to borrow money whenever you need it and then repay the loan after receiving your paycheck. What sets Brigit apart from other lending apps is its focus on checking accounts. You need to have a minimum balance and three direct deposits of your paycheck to use the app. There is a maximum capping of $250 beyond which you cannot borrow. In addition to providing users with access to funds, Brigit also offers suggestions on side hustles so that you can make extra money.
4. MoneyLion
MoneyLion is another money-borrowing app that offers users a convenient and accessible way to get a quick loan of up to $250. The app hardly takes a few minutes to complete the loan application process. Once approved, funds can be deposited into your account instantly. MoneyLion also offers flexible repayment terms without any monthly fee. Additionally, there are no hidden charges or interest rate fees. Whether you need to cover unexpected expenses or consolidate debt, MoneyLion can provide you with the funds you need.
5. Chime app
Chime App ensures that you receive your paycheck at least two days before your original payday. One of the best things about this app is it keeps a track of all your transactions. In case you notice an unauthorized transaction, you can immediately disable your card directly from the app. It allows you to borrow $100 which will get credited to your bank account immediately.
If you’re in a pinch for some quick cash, there are a number of borrowing apps available that can help. Just be sure to read the terms and conditions carefully before signing up, and make sure you understand the repayment schedule. With responsible use, borrowing apps can provide a helpful financial boost during difficult times.