Getting a small and instant loan is easy these days. You don’t have to go to a bank. You don’t have to ask your friend to lend you some money. Instead, there are many online financial services that help you with it at zero to minimal cost.
That means getting small loans has become as easy as using the internet in the comfort of your own home (Well … almost).
So, have you run short on money before your next paycheck? Do you want some money as a loan to help you get out of a crisis? Just try any of the instant loan apps we at Insiderbits have compiled here to tackle your financial urgency.
1. Brigit
Notable features:
- Obtain hassle-free cash loans from $50 to $250
- Access a 12-24 month and 0% APR loan designed to build credit
- Connect your bank account to monitor your earnings and expenses
- Earn cash through surveys, partner offers, and various gigs
Even though Brigit helps you get instant loans, it is much more versatile than that in the services it offers you. It is more like a financial health and budget app that helps you save money, build credit, and get a small loan when you are a bit short.
You can get a loan of any amount between $50 and $250 with 0% maximum interest that you can repay on terms set by you. The standard loan comes with no fees other than having to subscribe to any of its paid plans which vary from $9.99 to $14.99 a month. A transfer fee will be applicable for debit card disbursals.
If you would like to improve your credit score, it will give you a credit builder loan that can be paid back over 12 months. Just like the standard loan, it doesn’t charge you any interest or banking fees.
It also provides you with detailed financial insights into your budget, real-time balance monitoring, and alerts to prevent overdrafts by connecting the app with your bank accounts.
4.7/5
2. FloatMe
Notable features:
- Get funds within minutes for a small fee
- Plan with a smart forecast
- Stay informed about your bank balance to avoid overdraft fees
- Access charts to get your spending insights
FloatMe is there to assist you in making both ends meet with an easy and instant loan. It comes hassle-free directly to your bank account with no credit checks and no interest to be paid. All you have to do is be its member at only $1.99 per month (which is much more affordable than Brigit).
However, approval of your loan request is not guaranteed. Your loan amount will be transferred to your bank account within 3 days if approved. It also facilitates instant transfer but with a substantial fee that needs to be paid on top of the membership fee.
Apart from loans, FloatMe also serves you by giving you side gigs to earn money, financial forecasts, spending insights, and much more.
4.5/5
3. Empower
Notable features:
- Get a loan up to $250 instantly
- Repay on a timeline that suits you
- Access additional financial tools and credit-building opportunities
- Enjoy up to 10% cash back on purchases made with the Empower Card
Available on: Android
Empower is a financial services company that offers you cash advances of up to $250 without any credit score checks or security deposits. It focus on relieving the stress of small monetary need and overdraft fees.
Just like the other apps in this list, Empower also lends you money at no interest or fees with no maximum or minimum repayment timeline. So, you can give it back when your next paycheck arrives or when it is most suitable for you. Your call.
Yes, an instant delivery fee will be charged if you want money urgently. But first, for getting any instant loan, you will have to be it premium member which comes with a 14-day free trial and $8 per month from there on.
4.7/5
Related: Top 10 Budget-Tracking Apps To Boost Your Financial Health
Get an Instant Loan From These 3 Trusted Apps – Conclusion
Instant loans can be a blessing in disguise if you are careful about taking them. Since Insiderbits cares for your welfare, we suggest you use these services wisely even if they come at a very affordable cost. As they say, don’t be penny-wise and pound-foolish.
