How to get a $50 loan by tomorrow

From pay advance apps to payday loans, you have a few options to choose from.

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Most lenders don’t offer loans as low as $50 — even some payday loan providers. But you have several options to borrow that amount fast, including pay advance apps and pawnshop loans. Just beware of high fees.

Our top pick: Check Into Cash Payday Loan

  • Min. Loan Amount: $50
  • Max. Loan Amount: $1,000
  • Turnaround Time: 1 to 2 business days
  • Loan Term: Varies by state
  • Requirements: Bank account, email address, phone number, US citizen or permanent resident, ages 21+
  • Safe, secure application
  • Use the money for any purpose
  • Receive funds as soon as next business day

Our top pick: Check Into Cash Payday Loan

Plus, get access to check cashing, cell phone top ups, bill pay and more at one of its many storefronts.

  • Min. Loan Amount: $50
  • Max. Loan Amount: $1,000
  • Turnaround Time: 1 to 2 business days
  • Loan Term: Varies by state
  • Requirements: Bank account, email address, phone number, US citizen or permanent resident, ages 21+
Promoted

Where to get a $50 loan

From credit card cash advances to pay advance apps, you have a few different avenues to turn to when looking to borrow $50 fast:

  • Pay advance apps. Hourly workers who have already earned $50 this paycheck can get an advance — potentially without paying any fees — by using apps like Earnin or Dave.
  • Pawn loans. Got something worth around $85 to $200? You might be able to get a $50 loan by bringing it to a pawnshop, usually for a fee of around $2.50 to $12.50 per month you take to pay it back.
  • Payday loans. Some payday lenders offer loans as low as $50, though not all lenders do — and not in all states. These typically cost the same as a $100 payday loan — around $10 to $15 — and are usually due in 14 to 30 days.
  • Credit card cash advance. If you’ve got a credit card, you can withdraw the funds from an ATM without applying for a loan. On $50, these typically come with a $10 advance fee plus an APR of around 19% to 24%.
  • Bank account overdraft. As an absolute last resort, you might be able to overdraft from your bank account to get $50 today. But most overdrafts cost $35, making it the most expensive option.

Compare pay advance apps

Updated February 16th, 2020
Name Product Filter Values Max. amount per pay period Turnaround time Costs
Earnin
$500
Same business day to 2 business days
Optional tip of up to $14 per withdrawal
A payday loan alternative. Get an advance on the wages you’ve already earned — with no fees or interest.
Possible Finance Mobile Installment Loans
$500
As fast as 1 business day
Rates vary by state, though you’ll likely be charged around $15 or $20 per $100 borrowed.
Borrow up to $500 with just a few swipes — but only for residents of 5 states.
MoneyLion
$250
As early as same business day
$29 monthly fee if you have a Plus membership
Fee-free, interest-free cash advances up to $250.
Even
Up to 50% of your current net pay
Same business day to 1 business days
$8 monthly membership fee
Access up to 50% of your already-earned wages — but only if you work for an eligible employer.
 Brigit
$250
Same business day to 2 business days
$9.99 monthly membership fee
Have up to $250 automatically deposited into your account — for a $9.99 membership fee.
Branch
$500
As early as same business day
No cost for 3-day option, $3.99 for instant deposit
Hourly workers can get an interest-free advance of up to $150 per day on earned wages.

Compare up to 4 providers

How to get a $50 loan

It depends on the type of loan you decide to get — if you even get a loan. But typically, you need to follow these steps to find and apply for $50 today:

  1. Compare different types of loans. Find out what type of loan or advance would offer the best deal by weighing factors like eligibility requirements, speed and fees.
  2. Research providers. Once you’ve narrowed what type of loan you’re interested in, compare lenders. Look at factors like the specific requirements, costs and how repayments work. Also, consider customer reviews to make sure you’re working with a legit provider.
  3. Apply. Depending on the type of loan or advance, you might be able to fill out an online application or apply through an app. Some payday lenders and pawn shops might require you to apply in person.
  4. Receive your funds. Your lender will either transfer your money to your bank account or give you the funds in cash, on a prepaid debit card or as a check or money order.

5 questions to ask yourself before choosing a loan

From how much it costs to if you’re even eligible, asking yourself a few key questions can help you find the best option for your situation:

  1. Which lenders offer $50 loans? Loans of this size can be hard to find. Make sure the lender offers $50 in your state before you consider them.
  2. How long will it take to get the funds? Rule out any option that will get you your $50 later than the next business day. If you need to, call in and explain your situation.
  3. Am I eligible? Check the lender’s basic requirements and make sure you meet them. Most lenders don’t run a credit check for loans of this amount, but might require you to have a full-time or hourly job.
  4. How much will it cost? Consider the total cost of your loan, including any fees and interest. Some pay advance apps and other providers might charge extra if you want to speed up the process. Add this to the total cost.
  5. How long do I have to repay? Make sure you’ll be able to afford the full repayment when it’s due before you take out a loan or advance.

Pros

  • Available to all credit types
  • Wide range of options — including two that don’t require an application
  • Bank account might not be required

Cons

  • $50 payday loans might not be available in your state
  • Might cost the same as a $100 payday loan
  • Overdrafts cost around 70% of the amount you withdraw

Find out if you can include a payday loan in your state

Bottom line

You have several options if you want to borrow $50 today, from pawnshop loans to pay advance apps. However, you might not have so much luck with payday lenders, since many don’t offer loans this low in all states.

You can learn more about your short-term loan options by reading our guide to payday loans.

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