The world is now advanced to a very high level, and to do anything in this vast world, one will need some money. This is because of the way things have increased in value all around the globe. What you could buy for just a dollar before, you might surely need about 3-4 dollars right now.
This has pushed people to look for several means of earning money and to avoid being hung up at a corner with no escape route.
However, even with all these different ways we try to avoid being low on cash, we could one day be very tight and need immediate money we don't have to do somethings very urgent.
In this case, loans are the best solution, which will get some cash and then repay it after some time depending on the loan agreement. What is good is that there are now several platforms that permit one to go for a loan and then repay it back later.
Even some very popular money transfer apps like PayPal, Cash App, and some others do accept loans for a full repay later on. But the question of the day turns around how to pay the loan and not how to get it.
We will be analysing some platforms or apps that can provide a cash advance or a loan, and then repay back that loan with cash app. That is, we will seeing some apps or platforms that provide loans and then accept repays via Cash App.
The Best Cash Advance Apps That Accept Cash App
What You Should Know About Cash Advance Apps
Well, before taking the next step ahead, there are some things you should know about Cash advance apps (Loan apps). They are:
- Cash advance apps give you access to just very small amounts of money for you to pay back one time.
- Obviously, there are fees to pay if you do not pay back the cash with interest after the decided time. And there is also a fee they charge; the finance charge, and fees for their service.
- These apps are helpful for users with low credit scores as there’s no credit check involved, while the best personal loan rates are available only to those with good credit.
- Cash advance apps allow that the funds they loan out are sent directly to the receiver's bank account to ease access and withdrawals.
Top 5+ Same Day Loans That Accept Cash App Right Now
1. Chime
Chime is a Finance Technology (FinTech) platform that is also used as a bank for storing cash, and for sending and receiving money too. But they also work to help their cutomers to get loan deals and can be paid in the future.
Chime lets you overdraft your Chime checking account by using the SpotMe feature. To use SpotMe, you must have at least $200 in qualifying deposits to your Chime account every month.
And they can allow you to get a quick loan of about $20-$200 dollars, and what is even better is that they don't charge fees for an instant transfer. So, you will send the cash instantly to your account without any fees, helping you not to loose any cash in the transfers
2. Earnin
EarnIn is a cash advance app or loan app available on both Apple and Android devices. It offers cash advances of up to $750 per pay period and operates on a tip-based platform.
The EarnIn app tracks your location or work hours to determine how much you can borrow. You can also use the app to give yourself a bit of a cushion when your bank account drops below a certain threshold.
EarnIn also permit that you transfer funds to your bank account without any fees, but it is not an intstn transfer since it will take about 30 minutes to be completed, but still not bad. However, if you want an instant transfer, you will pay a little fee.
3. Varo
Varo is considered the best for those who need flexibility in repayment terms. With more than 3 million customers, Varo is an online-only bank offering products like high-yield savings accounts, lines of credit, credit-building cards, standard bank accounts, and cash advances.
Varo permits you to take a loan of up to $500 dollars per day. And why are they considered flexible? This is because they can permit you to split your payment refunds, but the splitting has to fall in their maximum time of payment that is 30days.
You can pay them between 15 to 30 days, but after that, additional fees will be added to your loan or cash advance you received.
4. Empower
Empower is considered the best for small loan amounts. That is because, they allow you to borrow as little as $10, making it a solid option for small loans. But you can take a loan of up to $300 dollars at Empower.
If all you need is a few dollars until you get paid again, using Empower can help you avoid borrowing more than you can afford.
The app also comes with helpful budgeting tools, such as an automatic savings feature that makes it easier to build up your emergency fund. This feature allows you to transfer small amounts of money to your checking account at predetermined intervals.
But the app applies fees for instant transfers for withdrawal of the loaned money. If you do not want any fees, then you will have to wait for one full day before receiving the cash, which is something that if you urgently need the money, you will need to pay a fee.
5. Dave
Dave is considered the best for those who need budgeting assistance along with the added convenience of small cash advances. It also uses artificial intelligence (AI) to help underwrite its cash advances and help customers manage their accounts.
And If you open an ExtraCash account with Dave, they allow you to borrow up to $500 at a time. with just $1 dollar subscription fee.
Other options to Checkout
- MoneyLion
- SoLo
- Current
- Vola
- Payactiv
- DailyPay
- Albert
Are Same Day Loan Apps Safe to Use?
Well, we cannot really say whether it's safe or not. It depends solely on you the borrower, because depending on your needs, you could want to go for a different loan option rather than cash advance options.
However, a cash advance app offers advanced encryption and security measures so that your data is protected. Additionally, some face regulations from financial authorities, depending on whether they’re banks or fintech companies.
Alternatives to Cash Advance Apps
- Small personal loans
- Credit union loans: Credit unions offer a larger variety of loan options than traditional banks.
- Family and friend loans: If you need a small amount of money, I think your friend or family member can help you out without any interests.
- Buy now, pay later apps
- Credit-builder loans
Wrapping Up Some Cash Advance Apps That Accept Cash App Right Now
Cash advance apps or services are an option that many people have gotten to it because they got hung up and really needed urgent cash. And in this article today, we have provided more than 10 cash advance apps where you can get a loan and then repay them back with Cash App.
Even though before advancing, we will advice that you make more research on these platforms and meet very trusted personnels that will make you choose which one is better. However, same day loan apps are not the best solution in every case.
That is why we have also provided you with some alternatives to these cash advance apps and you can also browse those options that could also be even better depending on your situation and location.