Mobile app loans have dominated the financial market compared to some years back. In the early 21st century, the only way to get a payday loan was to go to your bank’s nearest Branch. And there was no guarantee of getting the amount of money you wanted.
The beauty of economic growth is that all that slavery has changed. Because of the increasing instant loan apps in the U.S.A and other parts of the world, borrowing has become easier than before.
It’s a good feeling to know that an instant loan app can help you get a payday loan in the middle of the night when no bank is open at that time.
Let’s have a look at the most convenient instant loan apps that can help you get a payday loan in the U.S.A
1. Viva Payday Loans
Getting quicker payday loan online at Viva Payday Loans, and it tracks the hours worked to ensure that you get a loan depending on how much you will earn. If you sign into Viva Payday speed feature, you will be able to get your money instantly.
Viva Payday Loan app has the lowest interest rates compared to other lending apps. You can borrow like $100 and then repay with a tip totaling $104. The highest limit that any Viva Payday Loans member can borrow is $500.
When you get paid, Viva Payday Loans deducts the amount of money you owe them.
2. Heart Paydays
This instant loan app is suitable for borrowing smaller amounts of money. The higher limit you can borrow is $100. You don’t have to provide your credit records for you to be eligible for a heartpaydays instant loan.
There is a membership fee of $1 per month for every heartpaydays member. The app sends a series of messages to the member showing them low balance alerts. This message allows members to decide before they get a payday loan advance.
There is no interest in the heartpaydaysinstant loan app, but you can support them with other optional tips.
3. The MoneyLion
MoneyLion offers up to $250 cash advances with a 0% APR in a free account. In addition, you don’t need to verify your creditworthiness for you to get a payday loan from MoneyLion.
Apart from the planning services, MoneyLion offers mobile banking plus an auto investing account with zero charges to their clients.
The app charges $3.99 in case you need instant delivery of your funds. The maximum amount of a payday loan you can get depends on the transactions on your linked checking account. Huge transactions result in a higher amount of the loan.
4. Branch
The Branch allows clients to have payday loans according to the hours the clients have worked. Besides offering loans, the Branch makes it possible for its clients to have free checking accounts and debit cards plus ATMs.
However, not everyone qualifies for a Branch payday loan. There should be at least two months of direct deposits from the same company for you to access a payday loan from the Branch.
The borrowing limit grows as you continue using the branch app.
5. Bright
In Brigit, you can get a cash advance of $50 to 250. However, if you want an instant transfer, you will have to pay for a monthly plan of $9.99.
Brigit stands out when you want to have an easy time tracking your finances. It has several budgeting tools that can help you focus more on your spending habits.
For example, the bright score model scores 0-100, measuring your financial wellness, earnings, and spending behaviour.
For you to qualify for a payday loan in Brigit, there should be three consecutive payments from the same employer.
Final Words
These loaning apps offer lower interest rates compared to payday loan lenders. Consider the interest rates and fees charged before you borrow a cash advance from these lending apps.
