$50 Loan Instant Apps: 10 Best Cash Advance Apps in 2024

Sometimes you might find yourself in need of a small loan of cash to cover an unexpected expense or pay a bill before your paycheck arrives. If this is you, cash advance apps can be the life savior you are looking for. 

In this article, I’ll be exploring the 10 best $50 cash advance apps of 2024. We'll dive into how these instant loan apps work, their key features, and why they've become a go-to solution for many people who need money fast. 

10 Best $50 Instant Loan Apps Right Now

Here we go! Check out the following list of cash advance apps to figure out which one suits you best.

Chime

Chime is a popular mobile banking app that wants to offer easy and helpful banking services to their customers. Because of this, they have a unique cash advance feature called SpotMe. This is what you need to know. 

• With SpotMe, eligible Chime members can overdraft their bank account up to $200 without any fees. This instant transfer acts as a short-term loan to cover expenses until your next paycheck.

• To qualify for SpotMe, you need to have at least $200 in direct deposits to your Chime account each month. There are no interest charges or credit check. 

• The major pro of Chime's cash advance is that it's fee-free, which can save you money compared to traditional loans. Plus, you can access the funds almost instantly. 

• It is very accessible, you can download the Chime App on your phone and access the benefit at all times. 

Overall, Chime's SpotMe is a convenient option if you need a small, short-term loan to tide you over until payday. The lack of fees and instant transfers make it an attractive alternative to costly payday loans. 

Dave

Dave is one of the leading instant loan apps that offers users instant access to small loans when they need it most. This is how it works.

• Dave offers an Extra Cash Account, that allows you to loan up to $500 in cash deposited directly into your checking account. The app (available for iOS and Android)  is designed to help you avoid costly overdraft fees by giving you a loan to cover expenses until your next paycheck.

• One of the key features of Dave is its budgeting tool, which analyzes your spending habits and predicts when you might be at risk of overdrafting. If the app detects a potential shortfall, it will automatically offer you a loan to help you bridge the gap.

• To use Dave, you'll need to pay a $1 monthly fee and connect your checking account to the app. There are no additional fees for taking out a loan, and you can choose to repay the loan automatically on your next payday.

• The main pros of Dave are its ease of use, fast funding, and lack of hidden fees. Just be aware of the $500 loan limit and consider if that is enough for you. Also, take into account that the $1 monthly fee can add up over time.

If you're looking for a reliable instant cash advance app to help you avoid overdraft fees and cover unexpected expenses, Dave is definitely worth considering.

Brigit

Brigit is a popular cash advance app that offers instant access to loans up to $250. It offers a feature called Instant Cash, that will allow you the benefits of easy cash advances.

• Instant Cash allows you to get the advances with no credit checks or late fees. To be able to use this feature, you just have to pay a monthly subscription ranging from $8.99 to $14.99. Just link your account and you will be all set to ask for loans. 

• When it's time to repay your loan, Brigit will automatically deduct the amount from your linked bank account on your next payday. If you need more time to repay, you can request a free extension.

• One of the biggest pros of Brigit is that there are no late fees or hidden charges, just the subscription. The app also offers budgeting tools and can help you avoid overdraft fees on your linked account.

• However, there are a few cons to keep in mind. The monthly fee can add up over time, and if you don't qualify for the Plus plan, you won't have access to instant cash advances. Additionally, Brigit is not available for joint accounts.

So, if you're looking for a cash advance app with credit-building features and instant access to funds, Brigit is definitely worth considering. You can download the app for iOS and Android. 

EarnIn

EarnIn is one of the most popular apps that offers cash advances up to $100 per day and $750 per pay period, through its Cash Out service. Here are the basics

• To use Cash Out, the app connects to your bank account and verifies your earnings through direct deposit. Once approved, you can access a portion of your paycheck before payday.

• One standout feature of EarnIn is its Lightning Speed option, which allows you to get your loan within minutes for a small fee. Otherwise, standard transfers take 1-3 business days and are free.

• EarnIn doesn't charge any mandatory fees or interest for its cash advances. Instead, it operates on a "tip what you think is fair" model.

• The major pros of EarnIn are its flexible loan amounts, lack of mandatory fees, and fast funding options. It's a great solution if you need a small advance to tide you over until payday.

• Keep in mind that you need to receive direct deposits from your employer to qualify. EarnIn also requires access to your bank account, which some users may not be comfortable with.

Overall, EarnIn is a solid choice if you're looking for a $50 cash advance app with no mandatory fees and quick access to funds. Just be sure you can repay the loan on your next payday to avoid falling into a cycle of debt. You can download it through the App Store or Google Play.

MoneyLion

MoneyLion is a popular fintech banking app that offers cash advance loans up to $500 through its Instacash feature. 

• With Instacash, you can get a loan instantly delivered to your account with no interest, no monthly fees, and no credit check required. You can download the app in Google Play or the App Store.

• No fees apply to these loans if you don’t need a Turbo delivery. If you have MoneyLion’s bank account, RoarMoney, you will receive the loan in up to 2 business days. If not, you will receive it in up to 5 business days. 

• If you want the money in a matter of minutes, a small fee applies, that varies depending on the amount of the loan. 

• MoneyLion also offers a Credit Builder Plus membership. For $19.99 per month, you get access to a credit-builder loan up to $1,000, which can help improve your credit score. 

• The main pros of MoneyLion are its fast funding, lack of interest on cash advances, and credit-building opportunities. 

• You're limited to a $500 cash advance unless you upgrade to a paid membership.

MoneyLion is a solid choice if you need a small loan quickly and want to build credit in the process. Just be aware of the monthly fees if you opt for the credit-builder loan.

Albert

Albert is another popular instant loan app that offers cash advances up to $250 with no credit check required. Keep reading to learn more.

• Albert allows cash advances through its Instant feature. To qualify for a loan, you'll need to link your bank account and have a positive balance. Albert uses advanced technology to assess your financial health and determine your loan eligibility.

• Albert's cash advance fees vary depending on your subscription level. Standard users pay a small fee for each loan, while Genius members enjoy fee-free advances.

• The limit for loans ranges between $25 and $250, the average limit is $95.

• Albert’s Genius subscription gives you access to additional perks like higher cash advance limits and faster funding. With Genius, you can get your loan instantly delivered to your Albert account.

• The main pros of Albert are its fast funding, no credit check requirement, and integration with other banking features like budgeting tools and savings goals.

• However, the loan amounts are relatively low compared to some other apps, and you'll need to pay a monthly fee for the Genius subscription to unlock the best perks.

If you need a small cash advance quickly and don't want to undergo a credit check, Albert is definitely worth considering. Just be sure to repay your loan on time to avoid any extra fees or damage to your credit score. It is also available in the App Store and Google Play.

Empower

Empower is a popular financial technology company that also offers cash advances up to $300 with no credit check required. 

• Thanks to its Cash Advance service, Empower connects to your bank account and analyzes your income and spending to determine your loan eligibility. Once approved, you can get your cash advances within one business day.

• One standout feature of Empower is its instant transfer option, which allows you to get your loan funds within minutes for a small fee. 

• Empower charges a monthly subscription fee of $8, but there are no additional fees or interest charges for cash advances.

• The app automatically deducts your repayment from your bank account on your next payday, so you don't have to worry about missing a payment.

• The main pros of Empower are its fast funding, lack of credit check, and flexible repayment options. The app also offers helpful budgeting tools and savings features. 

• However, the $8 monthly fee can add up over time, and the loan amounts may be too low for some borrowers.

Empower is a solid choice if you need a small cash advance quickly and don't want a credit check. Just be sure to factor in the monthly fee when considering the total cost of your loan.This app can also be found for Apple and Android devices. 

FloatMe

FloatMe is another good option if you need a $50 loan. With FloatMe, you can get a loan deposited into your account within minutes, making it a great option for those who need cash fast.

• One standout feature of FloatMe is its ability to provide instant funding. For a small fee, you can get your loan amount deposited into your account in just 8 minutes.

• FloatMe loan amounts range from $10 to $100, with fees varying based on the amount borrowed if you need the money immediately. Standard transfers are free but may take up to 3 business days. New users usually have  a loan limit of $50.

• For example, a $10 instant loan has a $3 fee, while a $100 loan has a $7 fee for instant delivery. 

• The app charges a $3.99 monthly membership fee, but there are no interest charges or late fees.

• The main pros of FloatMe, just like the other apps covered,  are its fast funding, no credit check requirement, and overdraft protection features. The app also offers automatic savings tools to help you build an emergency fund. 

• Take into account the low loan amounts and mandatory membership fee. Customer reviews also mention difficulty getting approved for higher loan amounts.

Overall, FloatMe is a solid choice if you need a small, short-term loan quickly and don't mind paying a fee for instant delivery. Just be aware of the monthly membership cost and potentially low borrowing limits. It is also available on the main app download services. 

Klover

Klover is a popular instant cash advance app that offers loans up to $200 with no credit check required, making it a great option for those with bad credit. 

• One standout feature of Klover is its points system. You can earn points by completing surveys, watching ads, and connecting your bank account. These points can then be redeemed for larger loan amounts or entered into daily sweepstakes for cash prizes.

• Klover loan amounts range from $20 to $200, depending on your account history and points balance. There are no mandatory fees, but Klover does charge up to $20.78 for instant funding. Standard transfers are free but may take 1-3 business days.

• The main pros of Klover are its accessibility for those with bad credit, lack of interest and late fees, and rewards program. The app also offers budgeting tools to help users track their spending. 

• However, the loan amounts are relatively low compared to some other apps, and the instant funding fees are quite high.

Klover is a solid choice if you need a small loan quickly and don't mind earning points to unlock higher amounts. Just be aware of the potential costs if you need the funds immediately. If this resonates with you, you can download the app for Apple or Android. 

PayDaySay

PayDaySay is the final entry on this list. With PayDaySay, you can borrow money instantly and get instant cash deposited directly into your bank account.

• One of the key features of PayDaySay is its quick and easy application process. You can apply for a loan directly through the app and get approved in minutes. Loan amounts range from $100 to $5,000, depending on your eligibility.

• PayDaySay does charge fees for its loans, which can vary based on the amount borrowed and your repayment terms. However, the app is transparent about its fees upfront, so you know exactly what you're paying before accepting a loan.

• One of the main pros of PayDaySay is its convenience. You can apply for a loan anytime, anywhere, and get funded as soon as the next business day. The app also has a user-friendly interface that makes it easy to manage your loan.

• There are some cons to consider. PayDaySay loans can come with high interest rates, especially if you have poor credit. Additionally, taking out too many loans in a short period can lead to a cycle of debt.

So, PayDaySay is a solid option if you need to borrow money instantly and don't have time to wait for traditional loan approval. Be sure to borrow responsibly and only take out what you can afford to repay. If this sounds right for you, find the app in Google Play.

How Cash Advance Apps Work

Cash advance apps offer a convenient way to get a small loan quickly, typically up to $500. These instant loan apps work by connecting to your bank account and analyzing your income and spending habits. If approved, the loan is deposited directly into your account.

Aside from linking your bank account and verifying your identity, most apps require users to have a steady source of income via direct deposit. The app will then determine your loan eligibility and amount based on factors like your income, spending, and direct deposit history.

When it's time to repay the loan, the app will automatically withdraw the funds from your bank account on your next payday. Some apps offer the option to extend the repayment date for an additional fee. Compared to traditional payday loans, cash advance apps often have lower fees and more flexible repayment terms. 

Factors to Consider When Choosing a Cash Advance App

When choosing a cash advance loan app, there are several key factors to consider.

Loan limits and eligibility

Look at the loan limits and eligibility requirements. Most apps offer loans up to $500, but some may have lower limits for first-time borrowers. Eligibility often depends on having a steady income and direct deposit into your bank account. Most loan apps don't require a credit check, making them accessible even if you have poor credit history.

Fees and interest rates

Compare the fees and interest rates of different apps. Some charge a flat fee per loan, while others have monthly membership fees. Late fees may also apply if you miss a repayment. Read the terms and conditions carefully to understand the total cost of borrowing.

Repayment terms

Most cash advance apps automatically deduct the loan amount plus any fees from your next direct deposit paycheck. However, some may offer more flexible repayment options or the ability to extend your repayment date for an additional fee.

Additional features

Many loan apps also offer additional features, such as budgeting tools, credit-building options, and savings accounts. Consider which features are most important to you and look for an app that offers them.

User reviews and app ratings

Read user reviews and check the app's rating before downloading. Reviews can give you valuable insights into the app's reliability, customer service, and overall user experience. The links I provided to download the apps have plenty of reviews, and also you can check these apps on platforms like TrustPilot.

$50 Instant Loan Apps: Conclusion

When you need a quick $50 loan, this list of loan apps has you covered. These reputable loan apps offer fast cash advances with minimal fees and easy repayment terms. However, it's important to choose the best app for your needs and use them responsibly.

While cash advance apps can be a lifesaver in a pinch, they're not a long-term solution. Borrowing too frequently or failing to repay on time can lead to a cycle of debt. To avoid this, only take out a loan when absolutely necessary and always repay it as soon as possible.