It is common to feel the impact of a financial emergency if you have your next paycheck too far away. And when this happens all you need is a way out (something to hold on to).
This is where the $50 loan instant app comes to your rescue, these were carefully reviewed to make sure they’ll solve your financial emergency within 24 hours pending your paycheck.
Without further ado, let’s get to it…
$50 Loan Instant App (s) to use
With financial emergency comes the solution to get out of the issue, there are many ways to get out of financial emergencies such as the use of credit cards, payday loans, loan apps, and others.
Credit cards might be one of the ways to get a loan advance but can also be a pain in the butt if you have a low credit score and might not be approved for a loan.
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Payday loans might also take time and lots of requirements to get cash just when you need it, and that leaves us to Loan apps as they are much easier to use.
Although we have so many loan apps online that claim to give loans so it is not that simple to come by a genuine one. To help you choose faster depending on your need we have come up with the 5 best $50 Loan Instant App.
See this list below:
|$50 Loan Instant App||Amount||Fee||APR|
|Chime||$20 – $100||Optional||Up to 105%|
|PaydaySay||Up to $5,000||N/A||5.99% – 35.99%|
|Dave||$ – $200||$1||Up to 400%|
|Moneylion||$25 – $250||Optional||Up to 300%|
|Earnin||$100 – $250||None||Up to 105%|
5 Best loan Instant app (s)
Chime is an online bank that offers you the option to open a checking or savings account and apply for an advance also. To apply for a loan with chime you will need a checking account to be able to apply for a pre-determined advance.
Chime Requirements and Information
- Applicants are allowed to withdraw $20 to $100 as a loan depending on their account usage record.
- To be considered for a loan you need to make a direct deposit of $500 every month.
- The balance should be paid in the span of 7 days with a tip of $1.
- Customers are not charged a set-up fee or anything, but you are free to give a tip.
- The app APR might go up as high as 105%.
Dave loan app allows you to borrow a small amount of money when you have a limited account, to borrow a larger amount you will need to open a Dave spending account.
Dave Requirements and Information
- Applicants are allowed to get a loan of $5 to $200 with an active Dave account or get $100 with no account.
- Dave app has a feature namely; Side hustle that helps you find side gigs to make some cash.
- Instant loan delivery fees can be as high as $5.99.
- The app has an optional $1 subscription fee.
- Finally, there is an optional tip of 2o% of the amount borrowed.
This loan app is good but the downside could be the delay in cash delivery which you can speed up by paying an additional fee for instant cash delivery.
If you are looking for a cash advance app that can give you a large amount as an advance, then it is best to go for PaydaySay. All you’ll need to do is to apply and get cash directly from them with no delay involved.
PaydaySay Requirements and Information
- Loan approval is within minutes after getting connected to a creditor directly.
- Applicants can borrow as high as $5,000 instantly.
- The app APR ranges from 5.99% to 35.99% generally.
- No paper-based application is required to apply for a loan.
- High privacy protection is involved when you shared your data (encrypted data policy).
Although this app is not within the category of $50 Loan Instant App but happens to give more value.
Submitting a loan application to the PaydaySay app is easy and can be done via your phone and you can expect to receive cash within 24 hours of approval.
Earnin is another loan app that works on a different level when it comes to approving loans. The app offers loans based on the borrower’s working hours.
Earnin Requirements and Information
- Applicants apply for a loan amount from $100 to $500 based on their working hours.
- To get the cash delivered immediately, you’ll need to sign up for Earnin’s feature namely; Lightning Speed.
- APR calculation is done based on the loan borrowed. It can be as high as 105%
- You don’t have to pay any fee for late payments.
- There are optional tips up to $14 and also allow a recurring tip of the minimum of $1.50.
It can be best to apply for a loan with the app if you are looking for a low fee-paying loan app and also ones above the $50 Loan Instant App.
This is one of the $50 Loan Instant App that can offer you instant cash, this applies to you only if you have an existing checking account which you’ll be needed to pay an extra fee.
Moneylion Requirements and Information
- Applicants can apply for loans from $25 to $250 depending on certain factors.
- The app APR rate can be as high as 300% or even more.
- You pay an additional fee when your loan is more than 5 days late.
- To opt-in for instant cash delivery, you’d have to pay $3.99 as an account holder and $4.99 with no account.
- There is an option to pay a $1 tip and then repay the loan in 7 days.
Frequently Asked Questions About $50 Loan Instant App
Which apps are best to get an instant loan?
We have quite a large number of apps that can give you a loan just when you need it but you do have to be careful. As we have reviewed, the reliable ones are as follows; Chime, Earnin, Dave, and PaydaySay.
Which app is best for borrowing $50 instantly?
Dave is one of the most used and best loan apps that allows you to get $50 with the least extra fee and a tip of $1 each month.
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You can easily get to apply for up to $100 when you possess a Dave check card. The cash borrowed is delivered within 72 hours after approval.
What are the most reliable ways to instantly borrow money?
There are quite a few reliable ways to secure a loan namely; money loan apps, online lenders, Banks, Payday lenders, and credit unions.
You can also make use of a cash advance on a credit card if you have a good credit score or better still go with one of the above methods to get a loan.
Now that you have read the detailed information about each loan app and how easy it is to apply with them.
Make sure you compare them before you apply and also don’t forget to look up their requirements before applying.
We hope this article on the best $50 Loan Instant App helps you, if yes then please share with people who might need to see this. Thanks