Best Loan Apps With No Credit Check
Earnin is an instant cash advance app that enables users to receive payment as soon as they leave work by connecting the app to a bank account and tracking working hours. After working enough hours, users can request up to $750.00 using Cash Out tool per pay period using Lightning Speed option for $1.99-3.99 to have cash instantaneously or within minutes!
Earnin has no fees associated with it, though there is a tipping feature with options ranging from $0 to $14 available for most services. In addition, users receive alerts if their bank account falls below a set balance, and Cash Outs can be initiated as necessary.
Earnin is only available in the U.S. and its territories.
| App | Rating | Credit Check | Fees | Loan Amounts |
|---|---|---|---|---|
| Earnin | 4.5 | No | Optional | $750 |
Pros & Cons
| Pros | Cons |
|---|---|
| No mandatory fees | Low borrowing limits |
| No credit check required | Seemingly low tips can translate into high APRs |
| Same-day funding available | Requires sharing personal banking information |
Details
- Repayment: Borrowed funds are withdrawn from the user’s bank account on payday.
- APR example: A $100 cash advance borrower five days before payday, with a $1 tip and a $3.99 Lightning Speed fee costs $4.99 and results in an APR just over 364%.
- Turnaround time: One to three business days or within minutes for users with Lightning Speed.
MoneyLion
MoneyLion offers Instacash cash advances up to $500 as well as credit-builder loans, mobile banking accounts, and investment accounts for members to build credit. They receive access to their credit score as well as tips for increasing it and other helpful tools – as with other top loan apps, MoneyLion doesn’t charge any fees and tipping is optional!
| Platform | MoneyLion |
|---|---|
| Rating | 4.0 |
| Review Source | Forbes Advisor |
| Fees | Up to $4.99 |
| Loan Amounts | $500 |
Pros & Cons
| Pros | Cons |
|---|---|
| Offers cash advances up to $500 | Funding can take up to five business days |
| No monthly fee and tipping is optional | Instant delivery requires a Turbo Fee |
| No credit check required | Requires bank account access |
