Struggling with unexpected expenses and need money fast? A $50 loan instant app can help bridge the gap.
In this free guide, I delve into the most reliable $50 loan instant apps, from user-friendly mobile applications to secure online platforms, including alternatives for varying financial needs.
With over a decade of experience in personal finance and banking, I've helped numerous individuals navigate their financial hurdles, and I've rigorously evaluated these apps in real-life situations to ensure their effectiveness and security.
What Are $50 Instant Loan Apps?
$50 instant loan apps are cash advance apps that offer small, short-term loans that can be approved and disbursed quickly, typically within a few hours or even minutes.
These instant money apps allow users to borrow small amounts of money, usually up to $500, to cover unexpected expenses or bridge the gap until their next paycheck.
The application process for $50 instant loan apps is typically completed online through the app, and users can often receive an approval decision within minutes. Once approved, funds are usually deposited directly into the user's bank account or debit card provided by the app.
However, it's common to encounter various types of fees, although this can vary significantly between different apps.
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Best for a mobile banking solution
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Best for all-in-one financial app
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Access up to $500 today
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Access up to $250 today
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MMG Rating:
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- Access up to $500 without fees or interest
- 100% free, no monthly fees at all
- Mobile banking app with variety of services
- Rewards program and convenient features
- No physical locations
- Cash advances up to $250
- All-in-one app, banking, budgeting, saving
- Free trial for 30 days
- 30 day free-trial; $14.99/month after
- No physical locations
Best $50 Instant Loan Apps
These cash advance apps that loan you money are all highly reviewed and legitimate. In a hurry? Here are the top loan apps you can download now:
- Best overall: Dave
- Best for cash advances: Empower
- Best for gig workers: Cleo
- Best payday membership: MoneyLion
- Best for saving on overdraft fees: Brigit
- Best for banking: Chime
- Best all in one app: Albert
- Best for workers with hourly wages: Earnin
- Best for paycheck advances: PayActiv
1. Dave Loan App: Best overall
This friendly bear allows you to get up to $500 as an advance with no interest or credit check. With Dave, you can budget your upcoming expenses and be protected from bank fees for only $1/month. Dave can help you budget your personal expenses and avoid overdrafts with friendly announcements. Automatic payments for things like Netflix and insurance can make budgeting tricky, but he can help there too!
How Dave works:
- Instantly advance up to $500 from your next paycheck.
- No interest. No credit checks. Just pay your advance back on payday.
- Connect directly to your bank account to borrow money fast.
- Dave saves the average American an average of $500 a year.
Whether you’re hit by sudden expenses or need a little extra to make it to the next paycheck, Dave is here to help. Download Dave now for iOS or Android and to stay ahead of overdrafts and get a payday advance when you need it.
Where to get it?
- Meet the banking app on a mission to build products that level the financial playing field
- Get paid up to 2 days early, earn cash back with Dave Rewards, and get up to $500 with ExtraCash™ without paying interest or late fees
- Join millions of members building a better financial future
2. Empower: Best for Cash Advances
Empower is an application built for today's generation. They'll be there for you every step of the way, whatever comes your way. You may get a cash advance of up to $250 when you need it most by downloading the app, and save for your future.
They're always there for you, and they'll get a cash advance up to $250 straight into your bank account. Free instant delivery is available for eligible Empower Checking Account customers with an activated debit card.
To determine if you're qualified to receive a Cash Advance, Empower calculates your bank account history and activity, recurring direct deposits, and average monthly direct deposits.
There are no applications, interest or late fees, or credit checks or risks involved. You simply reimburse them as soon as you receive your next payday. There's nothing hidden about it. It's that easy.
Where to get it?
- Empower app for iOS
- Empower for Android
3. Cleo App: Best for Gig Workers
Cleo is your AI pal that looks after your money. Budget, save and track your spending. It’s available in the Apple App Store and Google Play Store.
After downloading the app and signing up for a free account — ask Cleo anything from ‘what’s my balance’ to ‘can I afford a coffee’, and she’ll do the calculations instantly. Drill down with personalized updates, graphs, and data-driven insights.
Let Cleo do the work, as she puts your spare change aside automatically, sets you a budget, and helps you stick to it.
If you upgrade to Cleo Plus, you can qualify for getting spotted up to $250* to stop you from going into overdraft. This money is given to you interest-free and without a credit check, so they are literally spotting you $250.
You can still get a cash advance as a gig worker as they don't check W2s or require proof of employment.
Keep in mind that cash advance is available to Cleo Plus and Cleo Builder users — which comes with a monthly subscription of $5.99/month.
- Borrow up to $250 instantly with no credit check or interest
- Personalized tips on how you can save more
- Get help creating and sticking to a budget
- Costs $5.99 per month for Cleo Plus
Where to get it?
*First timers can usually qualify for $20 to $70 to start with. Once you pay it back you'll unlock higher amounts up to $250.
4. MoneyLion Loan App: Best Payday Membership
This payday loan app packs a big punch with a plethora of features that can help you. MoneyLion provides you with access to 0% APR cash advances, low-interest personal loans, helps track spending and savings.
The app also provides financial advice to help you improve and control your financial life. It is no surprise that the MoneyLion community has over 2,000,000 members.
How MoneyLion works:
- Download the MoneyLion app and enroll in free MoneyLion Core. Receive your new black debit card in approximately 7 days.
- Fund your MoneyLion Checking account with an instant transfer, and then use it everywhere you go with no fear of hidden fees, overdraft fees, or minimum balance fees!
- Add direct deposit of just $250 or more to your MoneyLion checking account to unlock instant 0% APR cash advances.
- Upgrade your membership to MoneyLion Plus to get any time access to a 5.99% APR credit-builder loan, $1 daily cashback, exclusive perks, and more.
Since this app has so many bells and whistles you can learn more in a comprehensive MoneyLion review that goes through each feature. MoneyLion is a wonderful choice for people who want to improve their financial situation, but cannot due to high-interest loan rates and many others. It helps them take control of their financial lives and improve their savings and can be downloaded for iOS or Android.
- The maximum advance is $250
- No interest. No monthly fee. No credit check
- Link your checking account to qualify for 0% APR cash advances
Where to get it?
5. Brigit Loan App: Best for Saving on Overdraft Fees
With the Bridgit app, you can get up to $250 with no interest or credit check quickly. It's easy and fast relief when you need it and helps you avoid low balances.
If you have a low balance in your checking account, Brigit will see that your balance isn't enough for upcoming expenses and send you up to $250 to cover your expenses. You can save hundreds by avoiding overdraft fees with this app.
How Brigit works:
- No red tape. No hoops. Connect your bank account and that’s it!
- Brigit works with thousands of banks like Bank of America, Wells Fargo, TD Bank, Chase, Navy Federal Credit Union and 15,000+ more.
- Get paid up to $250 instantly.
This is best for those users who keep low balances in banking accounts and are prone to overdraft. You can learn more here.
- Tap to get an advance within seconds
- Get up to $250
- No credit check is required and no interest
- Pay it back without hidden fees or “tips"
Where to get it?
6. Chime: Best Overall
Chime is one of the best checking accounts we've reviewed and allows you to overdraw up to $200 on debit card purchases without charging a fee with SpotMe®.
If you set up a Chime account with direct deposit through them — you can get early access to your paycheck, up to 2 days earlier than some of your co-workers*.
Plus, they don't charge any overdraft fees, no foreign transaction fees, no minimum balance fees, no monthly fees and there are plenty of cash advance apps that work with Chime.
Top that off with 60,000+ fee-free ATMs at stores you love, like Walgreens, CVS, and 7-Eleven1.
This is the best app to get up to $200 spotted to you at any time. It's that simple.
- Experience fee-free overdraft up to $200* when you set up direct deposit with SpotMe.
- Let Chime spot you when you need that little extra cushion to cover an expense.
- Join the millions and make the switch today!
Where to get it?
7. Albert: Best All in One App
Albert can spot you up to $250 so you can make ends meet. No late fees, interest, credit check, or hidden hands in your pocket. As long as you have a paycheck and have repaid your past advances, you can request up to 3 cash advances per pay period.
Albert is a super app that offers:
- Checking account with debit card: Offers one of the best sign up bonus offers currently ($150 for new users)
- Savings account: Set your schedule or let Albert analyze your spending and automatically move money into your savings account. (On average, they save people $400 in the first six months.)
- Cash advances: Up to $250
- Investing: Invest yourself or enable Robo investing
- Budgeting: AI-driven auto save feature is a big differentiator and very effective
- Genius: Text with a certified financial advisor anytime for a $6/month fee
There’s no catch. Albert is legit.
- Get spotted up to $250 instantly
- Pay a small fee to get your money instantly or get cash within 2–3 days for free
- Costs $14.99 per month after a 30 day free-trial
Where to get it?
8. Earnin App: Best for Workers with Hourly Wages
The Earnin app allows you to get paid today and access $100 per day, up to $500 per paycheck. The app is free and you only have to pay what you think is fair and millions already use this app to get paid today.
How Earnin works:
- Connect your bank and tell them where you work.
- Earnin will confirm your hours worked, and you can cash out those hours instantly.
- On payday, they will debit your account for the money you cashed out.
You can also set up Lightning Speed by connecting your debit card to your Earnin account and eliminating the wait time between your cash out and the money arriving in your bank account. The best part is that it is all 100% free.
- Access to your hard-earned cash right when you need it
- No hidden fees, no penalties, no waiting
- Get up to $500 of your paycheck per pay period
Where to get it?
9. PayActiv Loan App: Best for Paycheck Advancements
This payday loan app allows you to get $500 instantly between paychecks. It also offers everything you need to break the payday loan cycles cycle.
How PayActiv works:
- You choose when to use it, or when not to. You’re in the driver’s seat.
- It’s simple, download the app, use the services, and any money you access is paid back out of your next paycheck.
- No interest charged because it isn’t a loan, it’s your money available when you need it.
If you are interested you can download it for Android or iOS.
Where to get it?
How To Choose The Best $50 Loan Instant App
Choosing the best 50 loan instant app requires careful consideration of several factors. Firstly, borrowers should look for apps with a good reputation and positive customer reviews. This can be done by checking app store ratings and reviews or visiting online review sites.
Secondly, borrowers should compare interest rates and fees between different apps to find the most affordable option. It's important to read the fine print and understand the repayment terms, as some apps may charge additional fees or have strict repayment schedules.
Thirdly, borrowers should consider the app's eligibility requirements and application process. Some apps may have strict credit score or income requirements, while others may offer a more flexible application process.
Finally, borrowers should choose an app with strong security and privacy policies to protect their personal and financial information. This includes using apps that are licensed and regulated by state authorities or industry organizations.
By carefully considering these factors, borrowers can choose the best 50 loan instant app that meets their individual needs and budget, while also ensuring that they are working with a reputable and secure lender.
Alternatives to Apps for Instant Money
Sell Stuff Online
One option is to sell items online. Many online platforms, such as eBay, Facebook Marketplace, or Craigslist, offer the ability to sell unwanted items and make quick cash. This option is especially useful for those who have items they no longer need or use.
Start a Side Hustle
Another option is to start a side hustle. Consider taking on a part-time job or freelance work, such as dog walking, tutoring, or writing. This can help you earn extra income and avoid taking out loans altogether.
Zero Percent Purchase Credit Card
A zero percent purchase credit card can be another option for those looking for quick cash. These credit cards offer a limited time with zero percent interest on purchases. This can provide some relief when making a large purchase or covering unexpected expenses.
Utilize Your Emergency Fund
Utilizing an emergency fund can also help to avoid taking out loans. If you have an emergency fund, consider using it to cover unexpected expenses instead of taking out a loan. This can help you avoid high-interest charges and keep your finances in check.
Credit Union Apps
Credit union apps can also provide quick access to loans with lower interest rates than traditional payday loans. Some credit unions offer mobile apps that allow users to apply for and receive loans quickly and easily.
Small Payday Loans
Finally, small payday loans may be an option for those in need of quick cash. However, be aware that these loans typically come with high-interest rates and fees, so be sure to read the fine print carefully before taking out a loan. Consider other alternatives before taking out a payday loan.
FAQs
Some instant loan apps allow direct deposit of paychecks, while others do not. If the app offers this feature, users need to link their bank account and provide employer information. However, not all employers offer direct deposit, and specific app requirements and restrictions should be checked.
Yes, payday advance apps have a maximum payout amount that varies by app and user based on factors like creditworthiness and income. The amount may range from a few hundred dollars to over $1,000. However, borrowers should only take out what they can afford to repay within the loan's repayment term to avoid getting trapped in debt. Before applying for a loan, users should carefully read the terms and conditions and understand the maximum payout amount and associated fees.
Yes, some instant loan apps offer same-day loans for bad credit. However, the availability and terms of such loans may differ by app and user. These apps may consider factors like income and employment history instead of just credit scores. Bad credit loans often have higher interest rates and fees, so borrowers should read loan terms and make sure they can repay before accepting. It's recommended to compare rates and terms of different apps before applying.
$50 Loan Instant Apps Can Help
$50 instant loan apps can be useful in certain situations where you need a small amount of cash quickly. They can be used to cover unexpected expenses, such as a car repair or medical bill, before your next paycheck.
Additionally, $100 loan instant apps can be more convenient and faster than traditional lending methods, such as applying for a loan at a bank or credit union. With instant loan apps, the application process can often be completed online in a matter of minutes, and funds can be deposited into your account within hours or even minutes in some cases.
However, it's important to note that instant loan apps typically come with higher interest rates and fees than traditional loans. As such, they should only be used in emergencies or when you can afford to repay the loan within the agreed-upon timeframe to avoid falling into debt.
If you are considering using a $50 instant loan app, be sure to read the terms and conditions carefully, compare rates and fees between different apps, and only borrow what you can afford to repay.
Disclosures
*Chime SpotMe is an optional, no fee service that requires a single deposit of $200 or more in qualifying direct deposits to the Chime Checking Account each month. All qualifying members will be allowed to overdraw their account up to $20 on debit card purchases and cash withdrawals initially, but may be later eligible for a higher limit of up to $200 or more based on member's Chime Account history, direct deposit frequency and amount, spending activity and other risk-based factors. Your limit will be displayed to you within the Chime mobile app. You will receive notice of any changes to your limit. Your limit may change at any time, at Chime's discretion. Although there are no overdraft fees, there may be out-of-network or third party fees associated with ATM transactions. SpotMe won't cover non-debit card transactions, including ACH transfers, Pay Anyone transfers, or Chime Checkbook transactions. See Terms and Condition
^Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. We generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date.
1 Out-of-network ATM withdrawal fees may apply except at MoneyPass ATMs in a 7-Eleven, or any Allpoint or Visa Plus Alliance ATM.
