Have you ever needed cash advance, personal or small business loan to fix an urgent financial crisis? If your answer is yes, you do not need to approach the bank to save you stress and the hassles associated with the document and credit check process. This article has compiled a list of the top 25 instant loan apps in the US you can download to your Android, iPhone or iPad.
The following are examples of the top 25 instant loan apps in the US;
- Earning App
The Earning app is most suitable for workers that earn on an hourly basis. This conveniently ranks as one of the most famous loan apps in the financial market. Though the app has a limit of $500 monthly, many citizens of the United States still love the service rendered by the app. It incorporates your bank accounts on the app, so, it allows for the smooth management of your funds to what you owe in one single application.
- Dave Loan App
This app allows for smaller loans of up to $75 and does not request a credit check. It is also one of the best apps to watch out for in 2020 because it charges a monthly subscription fee of $1. This subscription fee is so low because the company your request based on the present income and it does not encourage moving debts forward.
- MoneyLion App
Here, the company allows for a cash advancement of up to $250 in a twinkle of an eye. Also, users of the app can apply for a personal loan of up to $500 from the app and an interest rate will spread across 12 months, this makes it rank among the cheapest in the industry.
- PayActiv App
One amazing feature of this app is the fact that it allows for the advancement of up to 50% of your paycheck through the app. This app also ranks among the best because it enables you to manage your funds closely. Here also, the firm has made it possible for one to monitor spending habits by taking control of your finance.
- Brigit Loan App
This app also offers up to $250, it not only provides the funds, but it helps to track your income as against your spending. Besides, the firm is flexible with repayment options. Users have the flexibility of extending advancement or loan for up to three times. it is built to give the loan in less than four hours
PayDay Loan Apps
- Viva Payday Loan App
It offers immediate approval of your loan and the funds get credited into your account the next day. It usually takes about five minutes for the online application of the loan. You can apply for between $100 and $5,000 and the repayment period is between 3 months to six months for all the loans. It takes between $6 and $36 for every $100 borrowed.
loanSolo offers loan irrespective of your income level and current level. You can access between $100 and $1000. The loan gets same-day or next-day approval. To qualify for this loan, you need to be 18+ and gainfully employed to qualify for the loan application. Here also, you are offered options from which you can choose from.
- Funds Joy Personal Finance
It offers loans to users in a simple manner and not minding their credit ratings. It offers up to $5,000. The entire loan application is online and it takes a few minutes to get it approved and the money is credited into your bank account in 24 hours. This app is a marketplace where buyers meet with sellers.
- Credit Clock
Also, this is a loan app that provides a platform where buyers are connected to the sellers to get a loan approval of up to between $100 and $5,000. It is important to note that you do not need to have perfect credit to apply. It takes 6 months to repay at 5.99% – 35.99%.
The GetFundsAsap offers loans to American citizens who are above 18 years of age and a regular monthly income of $1000 and above to get qualified for the loan. It takes between 1 – 2 days for the online application and the disbursement of the money to your account. Users can get up to $5,000 loans from the app
This is also a marketplace with a great database of lenders where they meet with borrowers. It offers between $100 and $3,000 with a repayment plan of between 6 months – 24 months. Once the online application is approved, money gets credited the same day or next working day. You need to be up to 18 years, own a bank account, and be employed to qualify.
- Rise App
This loan app offers up to $5,000 loans with a flexible repayment plan. On this platform, you are charged about $12 on every $100 borrowed. It is quite easy to use as you only need to be 18 years and above to qualify in many states in the US. However, in Alabama, the age limit is placed at 19 years. It offers a flexible repayment plan and low APR of about 299%.
- CashNet App
They offer loan between $255 and $500 and the loan fees is between $10 to $45 for every $100 borrowed. Besides, APR is between 205% – 800% and a repayment plan of between 14 days and 15 months. Once the loan is approved, the fund gets credited to your account immediately.
- Check Into Cash
To complete the registration, you will need a phone number, email, and work address. Also, there is a need to agree to their terms and conditions. On approval of the application, it takes two working days to get the loan credited to your account. It offers between $50 to $1000 (based on your credit limit). The loan fee is between $13 and $25 for every $100 borrowed.
- Branch App
With this app, you can apply for a loan up to $500 and does not require a credit check. It offers assistance to workers that earn hourly and available 50 American States. The application and approval is an instance. Besides, it is not compulsory to own a bank account as cash can be gotten immediately for a fee or after 3 days for free.
- KwikCash App
Began operation in 2008, it offers loan from between $2,500 to $5,000 with a repayment plan of between 18 months to 36 months where you can determine your payment date. Also, it is available in 50 American States. Interestingly, there are no fees payments on top of interest. Its APR is between 165% – 220%
- Curadebt App
You can get a loan of $100 – $15,000. The platform helps to reduce your current debt profile by renegotiating with your creditors. Its fees are reasonable and between 30% – 50%. However, it can accommodate a debt relief package of up to $5,000 and more.
- SpeedyCash App
It allows customers to apply for new loans while still managing their existing portfolios. It offers up to $100 to $15,000 loan with quick approval after application. It is available in 50 American States and user-friendly. To qualify, you must be 18 years (19 in Alabama), valid ID, phone number, email, social security number, and proof of residence.
- MoneyLion App
This app offers interest-free loans with other juicy features. You are eligible to up to $250 monthly with 0% APR. However, the loan must be repaid during the next payday. Here also, there is no minimum credit required, but the ability to repay.
- Even App
This app gives a loan in advance of what you have earned but yet to be paid. It is integrated with the employer’s and bank account; this way you can monitor and track how much has been earned and how much can be gotten as salary advance
- Loaniax App
Loaniax provides a loan of between $100 – $5,000 with a repayment period of between 90 days – 3 years. Loan APR ranges from 6.63% – 35% for loans from the app. The loan application is easy and fast approval is guaranteed. Once it is approved, money gets credited to account instantly or the next day. There are no hidden charges.
- Loan Today App
From this app, you could apply for a loan of up to $30,000 with a repayment period of about 120 days upwards. It is an excellent platform that connects borrowers to lenders in a few minutes after the application is submitted. It is free
- Loan Day USA
Like the loan today app, the loan day USA is also a platform where borrowers are connected to over 100+ partnered lenders. It offers a personal loan of up to $30,000 with a repayment period of 120 days and above
- PocketMoney USA App
The app offers up to $500 with a repayment period of 3o days. It is fast, quick, and does not do a credit score check or check credit history. Everything about the loan is done online with up to 95% approval of all applications.
- LoanLab App
It’s a payday loan app. It offers small loans in the case of emergencies like medical bills when there are not many bucks in your bank account or your purse. Its registration is fast and it is given based on affordability and creditworthiness checks.
While these are some of the best instant loan apps you can check, feel free to share your feedback on any of the apps.