The word “loan”— particularly a payday loan — sometimes has negative connotations since it usually comes with high interest fees that are practically impossible to pay off on time. But you might find yourself in dire financial straits and need a $50 loan instant app to get by.
Sadly, over half of Americans can’t cover a surprise $1,000 expense. And some people are unable to cover a fraction of that amount.
Even though there’s a bit of a stigma with using cash advance apps and loans, they do have their place. After all, borrowing money beats having a utility disconnected, starving, or getting an eviction notice.
Besides, the loans on this list allow you to get the money you need from any remote location. What’s more convenient than that?
Table of Contents
What are $50 Instant Loan Apps?
Instant loan apps are sort of like Payday loans (although with government regulations) that help cover you until payday. Many of these $50 or $100 instant loan apps not only lend you money until payday, but they also give you early access to your earned funds. In other words, you can cash your check before you even get paid!
Of course, like Payday loans, these services also come with big fees and high interest. So it’s best to pay your loan back as soon as you get paid!
FreeCash: It pays you to test apps, play games & take surveys. Get paid up to $497.82 per offer! Start Earning!
Earn Haus: Earn up to $25 per survey. Plus same-day payments via PayPal, Venmo & Check! Join Earn Haus!
InboxDollars: Paid over $57 Million to members to watch videos, take surveys, shop and more. Get $5 instantly!
Pinecone Research: Want high-paying surveys? Pinecone is the site you want! Join today! (UK - Canada)
KashKick: Get paid directly into your PayPal for watching videos, surfing, shopping and more. Join KashKick Now!
Swagbucks: Get paid to watch videos, shop online, take surveys and more. Join now & get $10 instantly!
You should only use instant loan apps as a last resort and you should always pay back the borrowed money as fast as possible. You don’t want to pay 10x the original loan in interest and fees!
Legit $50 Instant Loan Apps
Think about downloading any of these loan apps the next time you find yourself short on cash.
1. Possible Finance
If you need to borrow up to $500 ($250 if you live in California), consider Possible Finance.
Once you borrow money through this app, you can pay off your balance in four installments.
Worried about late or penalty fees? Those don’t exist with Possible Finance.
However, it’s highly recommended that you make your payments on time. After paying off what you owe, you receive access to the Possible Card. The Possible Card lets you extend your credit up to $800.
- Loan Amount: $50 to $500
- Fees: Varies by state, about $15-$25 for every $100 borrowed
- App available for: iOS/Android
2. Chime Instant Loans
Chime Instant Loans allows you to borrow up to $100.
To qualify for Chime Instant Loans, you need:
- A steady flow of direct deposit payments to your Chime Checking Account
- No outstanding Chime loans
- A Chime account in good standing overall
Chime gives you three months to pay off your loan.
- Loan Amount: Up to $100
- Fees: $5
- App available for: iOS/Android
3. Lenme
Lenme is an ideal app for both investors and borrowers. Investors can lend money without needing to fret over managing a team or paying overhead, and borrowers can receive their loans through their phones.
Advertisements
An investor views a potential borrower’s account to determine their eligibility for a loan. Upon approval, the borrower receives the loan within 48 hours.
This P2P (peer-to-peer) borrowing app grants you payback periods ranging from one to 12 months, depending on the loan amount you take out.
- Loan Amount: $50 to $5,000
- Fees: Varies
- App available for: iOS/Android
4. MoneyLion
MoneyLion is an all-on-one credit-building, saving, investing, and borrowing app.
Via its Instacash feature, you can get cash advances of up to $250. (Receive up to $300 when you sign up for MoneyLion’s Credit Builder Plus program.)
You can even request up to $1,000 in advances if your RoarMoney account receives direct deposit payments.
Furthermore, MoneyLion provides auto investing tools as well as Round Ups, spare change from purchases that are sent to your investment account.
- Loan Amount: $250 to $1,000
- Fees: $19.99/month for the Credit Builder Plus plan; $1/month administrative fee
- App available for: iOS/Android
5. Zirtue
Zirtue lets you borrow money from trusted relatives and friends.
Just add them to your contact list, and request money when needed.
Unlike many loan companies, Zirtue doesn’t require you to go through a credit check before receiving a loan. Plus, it provides a free bank account, loan forgiveness, and Direct Bill Pay.
When you need to pay back your loan, you call the shots. Pay it back between three months and three years.
- Loan Amount: Up to $5,000
- Fees: Depends on loan amount borrowed
- App available for: iOS/Android
6. Varo
Varo is an online bank where you can access up to $100. Borrow what you need, and pay it off within 30 days.
There is a criteria you need to meet to be eligible for Varo Advance loans which include:
- Receiving at least $1,000 in qualifying direct deposits
- Having a Varo Debit Card connected to your Varo bank account
- Varo bank account has to be at least a month old
If you meet these requirements, then you are good to go!
- Loan Amount: $20 to $100
- Fees: $3 to $5
- App available for: iOS/Android
7. Vola Finance
Need up to $300? Download Vola Finance!
With this app, NSF fees are no longer a problem.
Why? Because Vola Finance sends you alerts when your balance gets low.
It also includes a feature that increases your credit score when you report utility and rent payments.
- Loan Amount: Up to $300
- Fees: $2.99 to $28.99 a month
- App available for: iOS/Android
8. SoLo Funds
Members aid other members through this app.
Once you sign up for a SoLo Funds account, send your loan request to a member, receive your money, and pay it back.
Paying off your loans through SoLo Funds truly pays since your SoLo Score increases with each on-time payment, entitling you to larger cash advances.
- Loan Amount: Up to $575
- Fees: None (Late fees 15 percent + $5 administrative fee)
- App available for: iOS/Android
9. Quick Benjy
Receive your cash advance within seconds through Quick Benjy.
All you need to do is submit a few pieces of identifying information and get your cash.
The awesome thing about this app is that even though you have to pay off your loan balance within 30 days, the first five days are free.
- Loan Amount: $50 to $5,000
- Fees: Varies
- App available for: iOS/Android
10. Cash App Borrow
Yes, you can indeed borrow money from Cash App!
For the time being, Cash App Borrow is available in certain states. If you happen to live in one of those states, you’re in luck.
By the way, Cash App is one of the few apps to borrow money with no job!
To get your funds, follow these instructions:
- Touch “Borrow,” then “Unlock”
- Choose the amount you want to borrow, and then pick your payment plan
- Go through the user agreement before obtaining your loan
Please make sure to read the fine prints so you don’t end up with surprises! This of course applies to every app and in fact every time you are signing a document.
- Loan Amount: $20 to $100
- Fees: Five percent flat rate (1.25 percent finance charge if you go past the grace period)
- App available for: iOS/Android
11. PayDaySay
PayDaySay links borrowers with reputable lenders so they can take care of expenses like home improvement projects or auto repair.
This app only needs your name, phone number, and bank account credentials before connecting you with a lender who can help you out.
Many of the lenders in PayDaySay’s database only require a positive bank balance and carry out a soft credit check.
Best of all, PayDaySay charges nothing for you to utilize its services.
- Loan Amount: $100 to $5,000
- Fees: Depends on lender
- App available for: iOS
12. Speedy Cash
Speedy Cash provides three ways for you to receive a loan: phone, online, or in-person.
Some of the types of loans it offers include online loans, cash advance loans, and installment loans.
You just need to provide your banking information, government ID, and proof of income to get started.
- Loan Amount: $50 to $26,000
- Fees: Varies
- App available for: iOS/Android
13. FloatMe
FloatMe isn’t called a user’s BFF (Best Financial Friend) for nothing.
You can get up to $50’s worth of Floats (cash advances) between your paychecks.
Also, there are no interest fees or credit checks to worry about.
In addition, FloatMe provides spending insights to assist you in tracking your transactions.
- Loan Amount: $10 to $50
- Fees: 30-day free trial, then $1.99 afterward
- App available for: iOS/Android
14. Gerald
Gerald is a cash advance app that helps you pay your bills.
This app gives you two choices: either request up to $215 in cash advances to pay or get half your paycheck at your convenience.
Gerald also includes a bill tracker, which lets you connect your billing accounts and keep track of them to avoid late payments.
- Loan Amount: Up to $215
- Fees: $9.99/month
- App available for: iOS/Android
15. Brigit
Brigit is an app like FloatMe where you don’t need to be concerned about hidden fees, tips, or even a credit check.
In addition to fast cash, you receive credit reports, identity theft protection, and overdraft protection.
This app even includes a selection of side gigs to choose from. What a great way to combine cash advances and extra income.
- Loan Amount: $50 to $250
- Fees: $0 for Free Plan; $9.99/month for Plus Plan
- App available for: iOS/Android
Final Words
Loans may get a bad rap, but they come in handy when you’re in a financial pinch.
Next time you need funds and are wondering, “What app Can I borrow $50 from?“, consider downloading one of these $50 loan instant apps (or a loan app that offers more, depending on your situation). Just make sure to pay the $50 instant loan back fast!
Share your thoughts