9 Best Instant Loan Apps That Let You Borrow Money Quickly In 2023

Marcus Marion, CMA™ 12 months ago 0 160

Are you in need of money urgently and don’t have much left in your bank account or friends or family members to lend you some money? Instant loan apps are the best solution.

If it is so, you have landed on the right blog.

According to the Federal Reserve Bank report, around 35% of Americans would be in difficulty with a sudden $400 expense. This shows that you are not alone who require the money. There are many people out there looking for ways to borrow money.

In such cases, you generally have few options; borrowing from someone known, taking traditional payday loans, and using a credit card. But among these options, some might not be viable for you, and others may charge you a significant interest rate.

Then what to do?  Nothing first; just keep reading, as we have a solution for you.

The solution to your problem is the instant loan or borrow money app. Yes, loan apps are trending as they offer instant money without charging you any interest rate.

Using the instant loan app is easy, as you just need to sign up on the app, fill in details and borrow money instantly. But due to the availability of numerous instant loan apps, it can be challenging for you to choose the best.

But don’t worry. We will help you out.

With detailed research and enough use, we have figured out the ten best instant loan apps to solve your money issue.

Here is the list of these 9 apps.

1. EarnIn: Let You Access Upto $750

fastest instant loan app

If you want to borrow money instantly based on your earning, this app is for you. It lets you access a minimum of $100 per day and a maximum of $700 per day of money you have already earned.

Till now, millions of users like you have used it. Of these users, 49% could cover an emergency of $400, 73% could budget better and more efficiently, and 66% paid their bills on time.

Moving further, this app allows you to send money to a linked bank account in just minutes with lightning speed. However, there might be some cases where it might take 1-3 business days. But these are rare depending upon various factors such as amount, bank, etc.

The most significant advantage of using this app is it doesn’t charge you any mandatory fees or interest. Instead, they have a voluntary tipping model, which lets you choose to give a tip of up to $14. This is also not mandatory, as you set your tip to $0.

Isn’t it amazing! You can also flow your hard earned freely using EarnIn and fulfill your emergency money needs.

2. Chime: Offers Zero Overdraft Fees

best instant loan app without salary slip

There are instances where you spend more money than you have in your bank account, bringing your account balance below zero.  In such cases, the bank considers your account overdrawn and charges you a fee, which varies per the bank.

If you also have the same story, using the Chime app can be your solution. This app spots you up to $200 on debit card purchases with no overdraft fees.

Furthermore, you can increase your FICO score by an average of 30 points with their new secured credit card. They offer this card with zero interest and no annual fees.

You can use this app without worrying about your money or account details being breached. The app uses a secure process to protect your information and prevent unauthorized access. In addition, it also protects your funds as they are FDIC insured.

3. Brigit: Great for the Same Day Loans

top 10 instant loan apps

Unlike other apps, which make you wait for a particular time before disposing of credit, Brigit provides credit the same day you apply.

Sounds Impossible!  But it’s true.

The moment you install the app, connect it to your account and tap on the $250 credit. You will be surprised after receiving the amount within seconds. And all this is done with no interest and no credit check.

Till now, over four million people have used it to cover their emergency money needs.

Besides, it also offers you the following benefits;

  • Real-Time Alerts
  • Easy Budgeting
  • Track Savings

So, what are you waiting for? Get your phone, open the app store, and install the Brigit app for an instant $250 credit with zero charges.  To start with, you can opt for a free plan and then later on upgrade to plus plan to enjoy more benefits.

4. MoneyLion: Has Multiple Options

small loan app

This app is a bit different as it not only offers you cash advances but also offers other services like mobile banking, investment account, financial tracking, and credit builder loans.

Such multiple services are the reason this app has millions of users.

On installing the app and qualifying the parameters, you get eligible for the instacash advance, which is $250. You can use this amount to settle your emergency financial needs.

But remember, if you want this money quickly, you have to pay a fee; otherwise, it takes 24 to 48 hours to get cash in your account.

5. Dave: Offers Advance Upto $500

best instant loan app in USA

Suppose you want to borrow money on cash app that to on the higher side; download the Dave app. Upon installation, it offers you an ExtraCash advance of up to $500 with some fee.

This advance is free of interest, credit checks, or late fees. Also, there is no lengthy application process or waiting period.

The best part of this app is that it lets you set your settlement date, and even if you don’t pay on the same day, it won’t charge you any late fee.

Such is the advantage of using the Dave app.

6. Empower: Fast and Easy, With No Fuss

best personal loan app

Getting advance cash from apps is usually time-consuming, but you can get it instantly with Empower app.

Yes, you read it right. As soon as you finish downloading the app, you can get a cash advance of $250 within 5 minutes without any hassle. On top of that, they don’t charge you any interest, late fees, or credit checks.

To date, empower has approved over $1.5 billion cash advance. Furthermore, it offers you the option to customize your payment plan to help you build a positive payment history.

And this not the only reason to use this app as it offers plenty of other services such as:

  • Empower Card
  • Automatic Savings
  • Effortless Budgeting
  • Smart Recommendations

All these services allow you to budget, save and invest your money efficiently.

So, if you are in an emergency and need money instantly, this app is the solution.

7. Payactiv:  Perfect for Short Term Loans

quick loan apps

With over 2 million users, Payactiv is a fantastic app for your cash needs. It offers you instant loans based on your current earnings. You can use this money to fulfill your instant needs, such as paying bills, buying what you need, or any other purpose.

The app gives you the option to pay bills in the app and offers discounts on specific department store purchases and prescription drugs. In addition, using it, you can keep track of what you have earned and can access it whenever you require extra money.

If we talk about its charges, it’s free if you directly deposit your earnings in a Payactiv card. Else, they charge you a $1.99 fee.  And in terms of transfer duration, it is instant to Payactiv and takes 48 hours to transfer to another debit card. Nevertheless, they charge you a $1.99 fee if you want an instant transfer.

8. Vola: Provide a $300 Cash Advance with No Credit Check

borrow money app

Vola is another fantastic app for instant cash. With this app, you can get up to $300 in advance in just 3 taps. First, connect your bank account, select your advance amount, and confirm. That’s all you have to do to get instant cash.

Besides using this app, you can manage your money with spending analytics and smart graphs for free. These analytics and charts break down your spending to help you make intelligent decisions with your money.

But unlike other finance apps, all this comes with a subscription fee of $2.99 to $28.99 on Vola App.

9. Albert: Simple to Use with No Minimums and No Overdrafts

how to borrow money from albert loan app

Do you want a cash advance with zero minimum and no overdraft? Then the Albert app is for you.

You get a $250 cash advance instantly without paying any fee on signing up. You can use this for any purpose and then later on pay it back whenever you want.

In addition, it also offers you other options for saving, investing, and budgeting. You can do all these things with the help of experts on their platform. These experts are trained and certified professionals with years of experience to guide you on all aspects.

While using the app, you need not worry about the security of your money, as Albert uses advanced security features to protect your money and information. Also, Albert Cash and Albert Savings are all FDIC insured, and Albert Investing is SIPC protected.

Lastly, setting up direct deposit with Albert Cash allows you to get your paycheck up to 2 days earlier. This will save you a lot of time and help you save and invest money efficiently.


Usually, people take loans with high-interest rates whenever they need money in an emergency. This creates extra pressure on them and negatively affects their budget. So, try any of the above-mentioned instant loan apps to save yourself from such hassle. They won’t charge you any interest, late fee, or overdraft.

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