6 Best Apps That Let You Borrow Money Instantly

A cash advance app may be your best bet to get small cash in an emergency. If you need more than 500 dollars now, simply fill out the online form and get loans through CocoLoan!

Want to borrow more than $5,000? Click here!

You’re running low on cash, but you must buy groceries or pay rent this week. What can you do? One option is to borrow money from a friend or family member. But what if you don’t know anyone who can help you out? Or what if you need money right away and don’t have time to wait for someone to loan it to you?

In cases like that, it might be worth considering a payday loan or an app’s cash advance. We have compiled a list of six top apps to let you borrow money online instantly.


Earnin allows users to access up to $500 of their earned wages before payday. This can be a lifesaver for people who often find themselves short on cash before their next paycheck.

The app is simple to use; you can request a cash advance after linking your bank account and providing basic information about your job and income. The money will then be deposited into your account within two to three days. While no interest or hidden fees are associated with using Earnin, there is a voluntary tipping option if you would like to support the service while paying the loan back.

Earnin works with several banks and credit unions, including Bank of America, Chase, Navy Federal Credit Union, PNC Bank, and more. They have excellent customer support, with the live chat option available 24/7. In addition, the app only performs a soft credit check for your payday loan application.


Dave is another app that offers instant access to cash, allowing users to borrow money against their upcoming paycheck. However, unlike Earnin, Dave deducts a membership fee of $1 – a necessary amount per the company to keep a log of your earnings and your bank account connected to the app.

The process of getting a fast cash advance is simple: Dave connects to your bank account and uses your upcoming income to approve loans of up to $500. The money is deposited into your account within three business days. An express delivery fee is charged for instant transfers if you want to get your advance cash in less than 1 hour.

Dave is one of the few loan apps that do not perform a credit check. This makes it an attractive option for people with bad credit or no credit history.

Money Lion

Money Lion has a reputation for being user-friendly with a fast and easy way to borrow money without any monthly fee or interest. They do not perform any credit checks on you and allow you a cash advance ranging from $25 to $250.

The loan limit depends on recurring deposits and their amounts. However, if you have a RoarMoney account or a Credit Builder Plus membership, the amount you can borrow is extended to $300.

Download the app, create an account, and fill out a short application. Once your application is approved, the amount will be transferred to your account within a few business days. The best part is that you’ll only have to pay back what you borrow.

With their Turbo delivery, you can get the amount instantly in your account by paying a small fee. The borrowed amount will automatically be deducted from your linked checking account on the next payday.


You can enroll in the direct deposit through the app with your Current account to apply for a payday loan equal to your regular income. In addition, the account holders may be allowed up to $200 in overdrafts, depending on their account history and limits.

Note that overdraft limits apply only to debit-card transactions, not checks or ATM withdrawals.

For a payday advance, your employer must submit a payroll of how much and when you are being paid. The Federal Reserve will send this information to Current. Then, when you need cash, you can request it through the app and have it deposited into your account two days before your payday.

Best of all, no fees or interest charges are associated with using Current. That means you can borrow money when needed and not worry about paying anything extra.


Brigit is a money management app that offers its users instant, short-term loans. The app is designed to help people avoid overdraft fees and high-interest rates by giving them access to quick cash when they need it.

Brigit also offers budgeting tools and financial education resources to help its users make better long-term decisions about their money. The app is free to download and use, with no hidden fees, interest or charges.

You can get a payday loan of up to $250 without any credit checks if you have their premium membership. The loan limit is customized to suit your needs and what you can pay back comfortably.

All you need to do is sign up for a premium membership account and connect your bank account. Once approved for a loan, the money will be deposited into your account within three business days.

To qualify for Brigit Instant Cash, your checking account must have:

  • Recurring deposits
  • At least 60 days of activity
  • Balance greater than zero
  • A cash cushion the day after receiving your paycheck


Chime is more like a get-paid-early app, just like Current. With Chime Checking Account, you can access and use your funds usually two days earlier than your regular payday. It can help you to cover unexpected expenses or pay for emergencies whenever you need some cash before your payday.

In addition, with the Chime SpotMe feature, the account holders can overdraw their accounts by up to $200 based on their account history, deposits, spending, and other risk factors. The remaining limits are constantly updated in the app so you can keep an eye on your extra spending.

Like with Current, Chime’s overdraft protection is restricted only to debit card transactions. Although SpotMe service is free, you may still be charged any third-party fees associated with ATM transactions.

What Are The Pros And Cons Of Cash Advance Apps?

Cash advance apps offer a convenient way to access funds in a pinch. However, before using one of these services, there are a few pros and cons.


Instant Access to Funds

They can provide quick access to money when you need it. These apps can be a lifesaver if you have unexpected expenses or find yourself in a financial bind.

Build Your Credit Score

By making timely payments, you can improve your credit score over time.


There are also some drawbacks to cash advance apps.

Unfavorable Terms & Conditions

Careless and unaccounted use of such apps can lead you to accumulate debt. In addition, some apps may require you to return the loan within shorter and unfavorable periods.

Credit Score Risk

You could damage your credit score if you don’t make your payments on time with the instant loan apps.

What Are Alternatives to Cash Advance Apps?

There are a few alternatives to cash advance apps that may be more suitable for your needs.

  • Personal Loan From Financial Institutions

You could consider a personal loan from a bank or credit union. Personal loans typically have lower interest rates than cash advance loans, and you may have longer to repay the loan.

  • Payday Loan From Online Lenders

Compare to personal loans, payday loans are easier to get approved. If you are in urgent need of money, applying for payday loans from online lenders may be a good choice. Generally, you can get $100 to $5,000 for this loan.

  • Cash Advance From Credit Cards

Another option is to use a credit card with a low-interest rate. This can be a good way to get the money you need without having to pay exorbitant fees. However, this option may also be costly if you do not repay the debt quickly.

  • Borrow Money From Friends & Family

Finally, you could try borrowing money from friends or family. This may not be the most ideal situation, but it's often much cheaper than using a cash advance app.

How to Borrow Money Fast With CocoLoan?

Looking for lenders or reasonable payday loan offers? Your search ends with CocoLoan, a reliable broker connecting you with multiple online lenders. Getting an online loan is highly convenient with CocoLoan. All you have to do is:

  1. Fill Out Application Form: Answer a few simple questions regarding yourself and your finances.
  2. Accept An Offer: Tell us about your requirements and accept your preferred offer.
  3. Sign An Agreement: Sign the agreement of the payday loan with our lending partner.
  4. Get Money: Have the amount transferred to your bank.

How Does CocoLoan Compare

default imgWhy Trust CocoLoan?
How much can you get?$50 to $35,000Zero upfront charges
What are the loan terms?1 - 36 monthsEasy repayment
Are credit checks needed?YesMostly soft pulls
Are bad credit accepted?YesAll credit considered
How to apply?Totally onlineSimple and straightforward
Get Started


Looking for a fast way to borrow some extra cash or a payday loan? Check out these six best apps that let you borrow money instantly. Whether you need money for an unexpected expense or want to cover your monthly bills, these apps can help. You can download them and start on the road to financial ease and peace of mind.

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Get Cash Advance Fast With CocoLoan Now!

Getting high-interest rates and unfavorable offers from your local lenders? Try CocoLoan for more competitive offers and get a cash advance right now.

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