Top 10 Instant Money Lending Apps In USA With Low Interest

Money Lending Apps

Money Lending Apps – As humans, our needs are unlimited and with every passing day, our wants are multiplying but what happens when you run out of cash and you have urgent bills to pay? instead of ruining your reputation by going for traditional loans, this is where money lending apps come through for us.

Have you ever experienced the agony of waiting in long lines for loan approvals and having to visit the bank for several days? Are you aware of how long it takes to get a loan approved in person? Fortunately, several companies have stepped in to help, developing mobile applications that eliminate the need to go to banks to borrow money.

The same can be done with these money lending apps, which have the ability to check the borrower’s credit status and eligibility for a loan. There are different apps that will lend you money with no paper work and in this post, we will be looking at the top ten best apps for quick loans and the Best Money Lending App.

Money Lending Apps
Top 10 Instant Money Lending Apps In USA With Low Interest

How Do Money Lending Apps Work?

The money lending apps operate in a very straightforward and gradual manner. To get a loan approved, one does not need to go through many steps or fill out lengthy forms. The app performs all of the work. All you need to do is sign up for the app and convert your payment into a loan. After that, a user can link their bank account to their loan accounts.

There are different apps that lend you money over very little or no payback interest in few easy steps;

  • installs a loan lending app from the app store
  • register with the app and create accounts
  • fill in certain details including contact numbers, residence address, employment history, education, etc.
  • After all, this is done, look at the various categories of loans that you can get through the app.
  • tally the interest rate on the amount of money you are willing to borrow.
  • After comparing the interest rates and the duration you want to borrow the money for, you can select a loan.

What Apps Lend You Money Instantly?

Dave, Earnin, Empower, and PayActiv among others are apps that instantly allow you to acquire secured personal loans, student loans, and instant cash advances without having to worry about your credit score. There are various other apps that lend money like Branch for Android and iOS users and but will be giving out the 10 best SimSimi alternatives below;

  1. Dave
  2. Earnin
  3. Brigit
  4. Branch
  5. Even
  6. Empower
  7. Albert App
  8. PayActiv
  9. DailyPay
  10. FloatMe

RECOMMENDED >>> 10 Apps Like Brigit for Payday Cash Advance & Brigit AlternativesOpens in a new tab.

1. Dave App

Dave App - best money lending apps

With over 10 million members and counting. The Dave app is one of the best money lending apps with a single goal: to provide a financial opportunity that will help its users’ collective potential. Dave, an innovative, resourceful, helpful, and decent banking app give its customers a paycheck advance to cover little bills such as gas, groceries, or other small expenses.

On the other hand, there is a “spending account” that doesn’t impose overdraft or low-balance fees while also allowing customers to keep track of their monthly cash flow and avoid overdraft fees. The good thing about the dave app is that you can get paid up to two days early, build your credit in the process and Instead of interest, Dave charges a monthly subscription fee, Helping the average user save more.

The Dave app only works with their partner bank, Evolve Bank & Trust, because this bank offers Federal Deposit Insurance Corp (FDIC) insurance. Money deposit on the Dave app is instant. Only delayed if there is a holiday, However, Funds transferred through your debit card will generally appear in your Dave Spending Account immediately or at most within an hour.


  • Charges a Membership fee as low as $1.
  • Do not charge an interest fee, but you can do an optional tip.
  • It gives you access to budgeting tools and connects you to side job options.
  • Notifies you if your bank account appears to be in danger of getting overdrawn.


  • Repayments are deducted automatically from your bank account.
  • $100 maximum cash advance limit which is low.

Visit DaveOpens in a new tab.

Download App (AndroidOpens in a new tab. — iPhoneOpens in a new tab.)

2. Earnin

Earnin – instant cash advance app

Earnin is one of the best money lending apps that lend you money instantly and allow you to use your next salary as collateral to get money advance which is credited to your bank on the same day. Earnin works by automatically deducting the amount you borrow from your checking account on your next payday.

The business model of the company is based on users paying voluntary “tips” to withdraw earned wages ahead of time. Earnin, one of the leading apps that loan money requires a consistent paycheck, a checking account, and a smartphone to use. It is also available for salaried, hourly, and on-demand employees.


  • Doesn’t include any membership fees.
  • Instant money lending.
  • supports tipping instead of fees
  • Up to $500 borrowed per pay period.
  • Does not affect credit scores.


  • Your income determines what you can lend.
  • The withdrawal limit is low.
  • Freelancers, and remote workers, can not use the app.

Visit EarninOpens in a new tab.

Download App (AndroidOpens in a new tab. — iPhoneOpens in a new tab.)

3. Brigit

Brigit – apps that loan money
Brigit – apps that loan money

The Brigit app is one of the best free-to-use cash apps that loan money and provides small-dollar paycheck advances of up to $250. Brigit doesn’t charge interest on the loan itself, but you will have to pay a hefty monthly membership of $9.99 if you are looking to upgrade to the Plus plan, which comes with the budgeting and account monitoring tools to help keep your finances on track.

The interesting thing about Brigit is that it not only analyzes your spending, But it will automatically advance your money if it thinks you’re in danger of overdrawing your account. Also, Brigit also offers early repayment options, as well as due date extensions.


  • Works with more than 15,000 US banks.
  • Offers paycheck advances of up to $250.
  • Do not share or sell your information with third parties.
  • Free account monitoring and access to budgeting tools.
  • Helps prevent overdraft charges.


  • $9.99/month membership plan (which is expensive).
  • Do not allow joint checking accounts.

Visit BrigitOpens in a new tab.

Download App (AndroidOpens in a new tab. — iPhoneOpens in a new tab.)

4. Branch

Branch app - apps like money lion

If you need an app that lends you money in under 5 minutes, then Branch is your best bet. Branch is one of the world’s leading personal finance apps that lend money instantly with no physical documentation.

The app allows you to request an advance on your paycheck, which is a lower-cost alternative to moneylion. Branch asks you to tip them instead of paying traditional interest for the advance.

You can get the max amount of $500 cash advance and it gets to arrive the same day there is a $3.99 charge for it unless you want the 3-day option which comes at no cost. There are no hidden charges. You just need to ensure that you make your loan repayment once it’s due to avoid having issues with the credit bureau.


  • Same-day availability option.
  • No interest or membership fees.
  • Up to $500 advance cash.


  • Might end up on a waitlist.
  • You only get advance based on previously worked hours.

Visit BranchOpens in a new tab.

Download App (AndroidOpens in a new tab. — iPhoneOpens in a new tab.)

5. Even

Even - best app for borrowing money
Even – Best App For Borrowing Money

Even App is the best app for borrowing money that you can download that gives you early access to up to 50% of your earnings before your next paycheck. You can organize and budget your money based on your expenditures and costs, and save money before your paycheck arrives in your bank account.

Currently, the Even app is exclusively available to employees of firms that have collaborated with Even and offer this product as a bonus to their employees. There is a non-fixed  APY of 0.125 percent, compared to the national rate of 0.06 percent. You can connect your bank account in a few simple steps, and Even does its part in terms of security by using 256-bit encryption to keep your information safe from hackers. No wonder it has been tagged the best lending money app.


  • There are no fees or charges.
  • Secured with 256-bit encryption.
  • has an interesting APY of 0.125%.
  • access to up to 50% of the amount you’ve earned.


  • Not available to the general public.
  • Your employer determines how many cash advances you can take.
  • You may have to pay a monthly subscription plan.

Visit EvenOpens in a new tab.

Download App (AndroidOpens in a new tab. — iPhoneOpens in a new tab.)

Read Also > 12 Best Apps Like OfferUp for Buying and Selling Used ItemsOpens in a new tab.

6. Empower

Empower - personal finance app that lends you money
Empower – Personal Finance App That Lends You Money

Empower is a personal finance app that lends you money and also helps you take control of your money. When you tell empower how much you want to save each week, they automatically set it aside when they notice an excessive amount of cash available.

For quick cash, Empower is a lending money app that offers cash advances of up to $250, with same-day delivery if you have an Empower checking account. The app monitors your spending and determines when to move small amounts of money over to ensure you meet that weekly goal.

Unlike other apps that give loans, you can fund your empower account via; Direct Deposit, Bank Transfer, Mobile payment service apps, and Cash and Check Deposits. On the other hand, Empower charges an auto-recurring monthly subscription fee of $8 after the 14-day free trial concludes for first-time customers, which can be canceled at any time.


  • Get up to $250 at a go.
  • same day money delivery.
  • Various funding processes.
  • automatically set aside for you when they detect you’ve got excess cash.


  • Re-curring monthly fee charge of $8.
  • Only 3 ATM reimbursements per month.
  • Low APY (0.05%), especially for a digital-only app.

Visit EmpowerOpens in a new tab.

Download App (AndroidOpens in a new tab. — iPhoneOpens in a new tab.)

7. Albert App

Albert - all-in-one financial app like Even
Albert – All-In-One Financial App Like Even

Albert is an all-in-one financial app like Even(best app for borrowing money) that works with chime bank. This app assists you in saving money, consolidating all of your accounts into one location for a 360-degree picture of your financial life, lowering your costs, providing financial assistance, developing a tailored financial plan, and even guiding you in investing your money.

Albert lending money app can assist you with a fast cash advance of up to $100 directly from your bank account, with no interest or late penalties, and the transfer will be executed within 2-3 business days. Albert savings are maintained in FDIC-insured institutions, providing a sense of security.


  • No hidden interest or monthly service fees.
  • Works with chime bank.
  • Repayment is handled automatically.


  • Low APY as compared to other loan apps
  • $4 monthly fee for the optional Genius subscription.
  • No joint accounts.

Visit AlbertOpens in a new tab.

Download App (AndroidOpens in a new tab. — iPhoneOpens in a new tab.)

8. PayActiv

Payactiv - apps that lend money instantly
Payactiv – apps that lend money instantly

When it has to do with apps that lend money instantly, Payactiv is Undoubtedly one of the best money lending apps that lend money instantly with no paper work. PayActiv is a financial services company that partners with companies to provide employees with financial services by providing staff an “advance” on wages for which they’ve already worked, but for which they have not yet been paid.

The money lending apps above does not give out loans rather it gives employees an advance on their own earned wages for a “per transaction fee” of $5.00. Once you enroll and log in to your PayActiv account, you will see the hours you have already worked and the amount of your earned wages that are accessible.

Unlike other apps that give loans, to get an advance on Payactiv, you can select the amount you need and transfer it to your bank, load it on a prepaid card, get it as cash, or pay bills with it—all with a few clicks. Transfers to the Payactiv Card are instant 24/7/365. Transfers to bank accounts and other debit/prepaid cards are completed within 48hrs.


  • Allows immediate access to earned wages prior to payday.
  • no setup or recurring fees to employers.
  • Offers multiple financial services.
  • Charges a low fee for Earned Wages Access.
  • Users can access up to 50% of wages.


  • You are restricted if your company is not enrolled with Payactiv.
  • Potential program fees of up to $5 per pay period.
  • Payactiv card is required for instant funding.

Visit PayActivOpens in a new tab.

Download App (AndroidOpens in a new tab. — iPhoneOpens in a new tab.)

9. DailyPay

Dailypay - Lend And Borrow Money App
Dailypay – Lend And Borrow Money App

DailyPay is one of the most reliable apps that will lend you money to help you solve urgent financial needs without having to pay hefty overdraft fees or higher interest fees. With DailyPay, you can get an advance on your earnings before your next payday and save over $1,205 in overdraft fees, loan interest, and late fees.s

DailyPay charges a $1.99 transfer fee per day after the money is earned, and your transfer arrives instantly no matter what day or time it is. However, if you request a transfer before 5:30 p.m. ET, you will receive your money on the next business day.

If you did not make any transfers, you will receive your entire paycheck on your normal payday. For sending leftover pay, DailyPay will never charge a transaction fee.


  • You can get your paycheck daily, no need to wait.
  • Can be used to set up different kinds of automatic transfers.
  • you can access about 50% of your paycheck as you earn it/before your actual payday.
  • No transaction fee is charged for sending of remainder pay.


  • Charges $2.99 for instant transfer.

Visit DailypayOpens in a new tab.

Download App (AndroidOpens in a new tab. — iPhoneOpens in a new tab.)

10. FloatMe

FloatMe - money lender app
FloatMe – money lender app

FloatMe is a lend and borrow money app that allows users to borrow up to $50 between paychecks. There are no credit checks or interest charges, and you can have the money you need in as little as a few minutes. However, in order to use the FloatMe app, you must pay a subscription fee.

The money lender app functions as an employer-sponsored program that allows employees to withdraw a portion of their earned income prior to payday. Once signed up, you pay a membership fee of $1.99 per month, but you can unsubscribe at any time if you no longer want FloatMe’s services.

The sign-up procedure is straightforward, and they partner with Bank of America, Wells Fargo, Chase, Navy Federal Credit Union, and over 9,600+ banking institutions to make the process as smooth as possible. Additionally, FloatMe uses standard 256-bit encryption to keep your data private, which makes the app very secure.


  • Helps out in emergency situations.
  • Low monthly subscription fee and no interest fee.
  • Funds are credited within minutes.


  • Maximum cash advance of $50.
  • Paycheck direct deposit required.
  • Do not build a credit score.

Visit FloatMeOpens in a new tab.

Download App (AndroidOpens in a new tab. — iPhoneOpens in a new tab.)

You Might Like > 8 Best Money Lending Apps Like SoLo Funds For Quick LoanOpens in a new tab.

Conclusion On Money Lending Apps

The world has really evolved beyond taking traditional loans or going to the bank for loans since the arrival of money lending apps. The above apps are the best for taking quick loans and payday advances but before you dive into any of them, be sure to compare their features and chose the one that best suits your needs.

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