We're reader-supported & may earn revenue from the providers listed. Learn more about how it works here.

Money Borrowing Apps

Instant Loan Apps

There may be times in life when getting quick access to extra cash could ease a big burden off your mind and your short-term finances. Maybe it's an unexpected doctor's bill, a flat tire, or waiting for your first paycheck from a new job. The world of money borrowing apps, sometimes also known as cash advance apps, is designed exactly for these scenarios. These lenders are fast and designed to cover loans up to $750.

Read on to learn which money borrowing apps are the best in terms of reputation, loan amounts, and repayment terms – and see if one is right for you.

Frequently Asked Questions

How to borrow money from an app?

To begin using the apps, you must provide visibility into your financial picture, such as linking your accounts and sharing details about your income and paycheck schedule.

Money borrowing apps often deposit funds into the checking account you've connected and typically automatically withdraw the borrowed funds (plus any applicable fees) when you receive your next paycheck. Most require repayment on the next payday, but some offer flexibility to extend repayment in certain circumstances.

Remember that most apps charge service (or membership) fees, express delivery fees, and some even ask for optional tips. 

What app will let me borrow money instantly?

Most apps offer instant, same, or next-day funding, but you will usually need to have an already established history with the app and pay a small fee for the fastest delivery.

Dave, MoneyLion, and Albert are some of the apps that let you borrow money instantly. Many of these types of apps do not conduct credit checks and give you cash at 0% APR. If you only need to borrow a few hundred dollars, these apps can work well. However, you will need a good history within a cash advance app. Reliably repaying the cash advance can raise your limit and eventually get you to the highest cash advance that the app offers.

Are money borrowing apps safe?

Money borrowing apps can be a safe option for those needing quick cash. These apps typically utilize secure encryption to protect personal and financial information, and the FDIC even backs some through banking partnerships.

Using them responsibly is important as they may charge high fees for borrowing small amounts of money that could later cause further financial strain.

What apps let you borrow money without direct deposit?

Consumers can choose from many apps that let them borrow money without direct deposit. Albert, Dave, MoneyLion, Earnin, and Brigit are some of the apps you can use. You should look at each app’s features and the maximum cash you can receive from each app before choosing one of them.

What apps let you borrow money with a prepaid card?

Apps like Albert, Dave, and MoneyLion let you borrow money with a prepaid card. These apps have financial tools and varying cash amount limits that distinguish them from competitors. Check out the reviews for each of these apps before creating an account with one of them.

How to borrow money from an app?

Many money borrowing apps have simple interfaces and straightforward download processes. You can download the app from your smartphone’s app store, create an account, and navigate to the page that lets you borrow money. You will have to link a bank account or create a bank account through the app to borrow money.

Great! You’ve successfully signed up.

Welcome back! You've successfully signed in.

You've successfully subscribed to Loanfolk.

Success! Check your email for magic link to sign-in.

Success! Your billing info has been updated.

Your billing was not updated.