Payday loan apps offer a convenient way to get quick cash advances, often with no or low fees. These apps can be especially helpful for people who have bad credit or who need money quickly to cover unexpected expenses. If you have a Chime account, you have a few options for payday loan apps.
Our top pick Payday loan apps that accept Chime
- Best for budgeting and investment tools: Albert
- Best for neobank features: Varo
- Best for overdraft protection: Chime SpotMe
- Best for budgeting and financial coaching: Cleo
- Best for credit building tools: Empower
- Best for all-in-one financial services: MoneyLion
- Best for budgeting tools and credit monitoring: Branch
- Best for credit building tools and job search assistance: Klover
- Best for early access to earned wages: Earnin
The 10 Best Payday Loan Apps That Accept Chime
1. Albert
Albert is a financial services app that offers a variety of features, including cash advances, budgeting tools, and investment advice. Albert cash advances are available up to $250, and they have a repayment term of 30 days. There is no fee for Albert cash advances, but users are encouraged to tip.
2. Varo
Varo is a neobank that offers both checking and savings accounts. Varo also offers a cash advance feature called Varo Advance. Varo Advance is available to users who have received a direct deposit of at least $1,000 in the past 30 days. Varo Advance offers loans up to $200, and they have a repayment term of 21 days. There is a fee of 5% for Varo Advance loans.
3. Chime SpotMe
Chime SpotMe is a feature that allows Chime customers to overdraw their accounts up to $200 without incurring fees. Chime SpotMe is not a cash advance, but it can be used to cover unexpected expenses until your next payday. To qualify for Chime SpotMe, you must have received at least $200 in direct deposits to your Chime account in the past 30 days.
4. Cleo
Cleo is a budgeting app that also offers cash advances. Cleo cash advances are available up to $100, and they have a repayment term of 30 days. There is a fee of 10% for Cleo cash advances.
5. Empower
Empower is a financial services app that offers a variety of features, including cash advances, budgeting tools, and credit building tools. Empower cash advances are available up to $250, and they have a repayment term of 30 days. There is a fee of 4.99% for Empower cash advances.
6. MoneyLion
MoneyLion is a financial services app that offers a variety of features, including cash advances, budgeting tools, and credit building tools. MoneyLion cash advances are available up to $500, and they have a repayment term of 30 days. There is a fee of 4.99% for MoneyLion cash advances.
7. Dave
Dave is a financial services app that offers a variety of features, including cash advances, budgeting tools, and overdraft protection. Dave cash advances are available up to $200, and they have a repayment term of 7 days. There is no fee for Dave cash advances, but users are encouraged to tip.
8. Branch
Branch is a financial services app that offers a variety of features, including cash advances, budgeting tools, and credit monitoring. Branch cash advances are available up to $250, and they have a repayment term of 30 days. There is a fee of 5% for Branch cash advances.
9. Klover
Klover is a financial services app that offers a variety of features, including cash advances, budgeting tools, and credit building tools. Klover cash advances are available up to $100, and they have a repayment term of 30 days. There is no fee for Klover cash advances, but users are encouraged to tip.
10. Earnin
Earnin is a financial services app that offers a variety of features, including early access to earned wages, budgeting tools, and credit building tools. Earnin cash advances are available up to $100 per day, and they are deducted from your next paycheck. There is no fee for Earnin cash advances, but users are encouraged to tip.
Alternatives to Payday Loan Apps
Payday loan apps can be a convenient way to get quick cash, but they can also be expensive and lead to a cycle of debt. If you are considering using a payday loan app, here are some alternatives to consider:
- Ask a friend or family member for a loan. This can be a good option if you have a good relationship with the person and you are confident that you will be able to repay the loan on time.
- Contact your local credit union or bank. Many credit unions and banks offer short-term loan options, such as personal loans or credit builder loans. These loans typically have lower interest rates and fees than payday loans.
- Apply for a government-sponsored loan program. There are a number of government-sponsored loan programs that can help people with low incomes or bad credit get access to affordable loans. Some examples include the Federal Emergency Management Agency (FEMA) and the Small Business Administration (SBA).
- Look for non-profit organizations that offer financial assistance. There are a number of non-profit organizations that offer financial assistance to people in need. These organizations may be able to provide you with a grant or loan to help you cover unexpected expenses.
- Try to negotiate with your creditors. If you are struggling to pay your bills, you may be able to negotiate with your creditors to reduce your payments or set up a payment plan.
How to choose a payday loan app
- Fees and interest: Some payday loan apps charge fees and interest, while others do not. Be sure to compare the fees and interest rates of different apps before choosing one. Some apps may also charge additional fees for features such as instant funding or early access to your paycheck.
- Repayment terms: Payday loan apps typically have short repayment terms, often just two weeks. Be sure to choose an app that has a repayment term that you can afford. Some apps may also allow you to extend your repayment term, but this may result in additional fees.
- Eligibility requirements: Some payday loan apps have eligibility requirements, such as a minimum income or credit score. Be sure to check the eligibility requirements of different apps before applying.
- Reputation: Read reviews of different payday loan apps to get a sense of their reputation. Be sure to choose an app that is reputable and has a good track record of customer service.
Here are some additional tips for choosing a payday loan app:
- Compare multiple apps: Don’t just choose the first payday loan app you come across. Take the time to compare multiple apps and choose the one that offers the best terms and conditions for your needs.
- Read the fine print: Before you agree to borrow money from a payday loan app, be sure to read the fine print carefully. This will help you understand the terms of the loan, including any fees and interest that may apply.
- Only borrow what you need: Payday loan apps should be used as a last resort. If you can borrow money from a friend, family member, or bank, that is always a better option. Only borrow what you need and make sure you can afford to repay the loan on time.
Tips for using payday loan apps
Payday loan apps can be a helpful way to get quick cash, but it is important to use them responsibly. Here are a few tips:
- Only borrow what you need: Payday loan apps are designed to help you cover unexpected expenses, not to finance lifestyle purchases. Only borrow what you need and make sure you can afford to repay the loan on time.
- Have a plan for repayment: Before you borrow money from a payday loan app, have a plan for how you will repay it. This will help you avoid getting into debt.
- Be aware of the fees: Some payday loan apps charge fees and interest. Be sure to compare the fees and interest rates of different apps before choosing one.
- Use payday loan apps sparingly: Payday loan apps should not be used as a regular source of income. If you find yourself relying on payday loan apps to make ends meet, you may want to consider talking to a financial advisor.
Conclusion
Payday loan apps can be a helpful way to get quick cash advances, but it is important to use them responsibly. Be sure to compare the fees and interest rates of different apps before choosing one, and only borrow what you need.
Frequently Asked Questions (FAQ)
What payday advance apps work with chime?
Here are some of the most popular payday advance apps that work with Chime: Albert, Branch, Chime SpotMe, Cleo, Empower, MoneyLion, Dave, Klover and Earnin.
Are there any loan apps that work with chime?
Yes, there are a number of loan apps that work with Chime. Some of the most popular options include: Opploans, SoFi, ZestCash, Upstart and LendingClub.
Can I get a payday loan with my Chime account?
Yes, you can get a payday loan with your Chime account. However, it is important to note that payday loans are typically very expensive and should be avoided if possible. If you are considering a payday loan, be sure to compare rates and terms from different lenders before choosing one.
What app will spot me $100 dollars instantly?
A few of the apps that can spot you $100 instantly include: Dave, Albert, Empower and Cleo.
However, it is important to note that these apps typically charge a fee for their services. Be sure to read the terms of service carefully before using any of these apps.
What app will spot me $200?
Dave can spot you up to $200 instantly. Some other apps that may offer $200 advances include Albert, Empower, and MoneyLion. However, it is important to note that these apps typically have eligibility requirements and may charge fees for their services.
How do I borrow $200 from cash App?
Cash App does not offer payday advance loans. However, you can borrow money from your Cash App balance up to your weekly withdrawal limit. To borrow money from your Cash App balance, follow these steps: Open the Cash App and tap the Banking tab.
Tap Borrow, Enter the amount of money you want to borrow and tap Continue and Review the terms and conditions and tap Borrow. Once you have borrowed money from your Cash App balance, you will need to repay it within 30 days. You can repay your loan at any time by adding money to your Cash App balance.
What app will let me borrow $20 instantly?
A few of the apps that can let you borrow $20 instantly include: Dave, Albert, Empower and Cleo.
How do I borrow $225 from Cash App?
Cash App does not offer payday advance loans, so you cannot borrow $225 from Cash App.
Why can’t i borrow $50 from Cash App?
Cash App does not offer payday advance loans, so you cannot borrow $50 from Cash App.
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