13 Apps to Borrow Money Instantly and Avoid Payday Loans

When faced with an emergency situation where quick cash is needed it's important not only to consider all available options but also be aware of potential scams that could take advantage of desperate circumstances.

13 Apps to Borrow Money Instantly and Avoid Payday Loans

Founded in 1976, Bankrate has a long history of helping people make smart financial decisions. We have maintained this reputation for more than four decades by demystifying the financial decision-making process and giving people confidence in their actions. When you need money quickly, there are a variety of apps that can provide you with the funds you need without the hassle of traditional payday loans. Here are 13 apps that can help you borrow money immediately and avoid the high interest rates of payday loans. You can find all the details about each application, its advantages and disadvantages, the range of amounts, fees and charges, as well as the APR to help you make the right choice.

The APR ranges from 5.99% to 35.99% and includes the initial interest rate and any additional charges that the creditor may request. Each creditor may have different terms and fees, so you should verify this information with each lender, but the application is completely free for you. This is a useful cash app, borrow money and receive a cash advance today. In other words, you have a chance to get the funds you've already earned but haven't been given to you by your recruiter yet. It's fast financial assistance with no fees or fees.

There are no membership fees or other charges. The amount you withdraw will be deducted from your bank account the next day of salary. If you select the plus membership, you will qualify for special loans with an APR of 5.99% that are adequate to improve your credit score. Borrowers also receive balance and bill alerts to remind them of upcoming bills, so they can act quickly and avoid late fees. In addition, long-term goals cannot be met with such small amounts of money. Think of alternative ways to finance your long-term goals and needs or try to improve your earning potential.

Read our review of the Earnin app to learn more. Dave members can access other benefits such as credit-building services, budgeting tools, and a database of side work opportunities for additional income. Read our full review of Dave to learn more. Read our full Brigit review to learn more. In addition to cash advances, MoneyLion offers a range of financial services that you can manage online.

By joining MoneyLion, users can also invest in cryptocurrencies, access automatic investment accounts, apply for a credit-building loan, and earn rewards with debit cards. Read our full review of MoneyLion to learn more. What if you could access the money quickly without the pain of those loans? Thanks to innovative technology, you can. Here are 13 apps for cash loans that serve as payday loan alternatives:

  • Earnin
  • Dave
  • Brigit
  • MoneyLion
  • Loan Star Limited
Unfortunately, there are unscrupulous people who take advantage of people when faced with desperate circumstances. While there are legitimate ways to get money, you should be on the lookout for scams that promise you quick money when times are tough.

Some of the scams that arise in the wake of the COVID-19 pandemic are designed to take advantage of those suffering economically due to the new coronavirus. With traditional banks, you often have to wait up to two days after you've deposited your payment to actually access the money. Cash advance apps are a more recent development that similarly provide quick cash before your next paycheck, but tend to charge much lower rates than payday loan lenders or none at all. Every potential borrower should understand that he assumes full responsibility for the loan or cash advance he obtains. So, instead of giving you a small loan, you can receive a payroll advance through the app and the money is deducted from your checking account the next payday. MoneyLion is another option that comes with interest-free cash loans and accelerated direct deposits to help users cover expenses between paychecks. When you need money quickly, Earnin can be a cost-effective way to avoid overdraft fees or payday loans. There are many benefits to choosing an app to borrow money instantly instead of going to the local bank or pawn shop to get a 1500 dollar loan.

The app has a platform designed to be more than just a payday loan alternative, it even allows users to pay their bills and get discounts on prescription drugs. If you are looking for an alternative to get additional funds, the application that allows you to borrow money until payday can be a good help. Depending on your immediate cash needs, your credit rating and your constant source of income, you can choose from these top 5 applications: Earnin, Dave, Brigit, MoneyLion and Loan Star Limited. The developer, LOAN STAR LIMITED, indicated that the application's privacy practices may include data handling as described below. It allows consumers to contact a large database of direct creditors directly through this streamlined application and get the amount they need. Emergencies do happen, so there may be times when you need to get a small loan or an advance on your next paycheck. This is another popular cash application, the loan feature allows consumers to get funds the next business day and use the money for their urgent needs.


When faced with an emergency situation where quick cash is needed, it's important not only to consider all available options but also be aware of potential scams that could take advantage of desperate circumstances.

There are many apps available today that offer quick cash advances without charging high interest rates like payday loans do. By understanding all available options and researching each app thoroughly before making any decisions about borrowing money instantly, consumers can make sure they're getting access to legitimate funds without putting themselves at risk...