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Loans like Lendly

Find 10 loans like Lendly, some with quicker access to cash and no interest.

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By

Kat Aoki

Edited by

Megan B. Shepherd

Updated

Fact checked
Lendly offers no-credit-check loans from $1,000 to $2,000 to employees on a payroll system in certain states. Loans can be funded as soon as 24 hours, with repayments coming out of future paychecks. While Lendly doesn’t charge any fees, its loans accrue interest daily, and APRs can run as high as a typical payday loan.

With Lendly’s potentially high APRs and limited state availability, these alternatives to Lendly could save you money, while offering higher borrowing amounts and more flexibility.

Our 10 top picks for loans like Lendly

Alternative for overdraft feature

Chime SpotMe®

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While it's not a loan like Lendly, Chime SpotMe is an optional feature for Chime account holders that can prevent overdraft fees. With Chime SpotMe, users can overdraw their accounts between $20 and $200 for debit card purchases and ATM withdrawals — without incurring any fees.

To qualify, you must have received a qualifying direct deposit of $200 or more into your Chime account within the last 34 days. However, not everyone will qualify for SpotMe's maximum amount of $200, and certain expenses, like bill payments, aren't covered.

  • Available in all states

Partner terms and conditions
Chime is a financial technology company, not a bank. Banking services provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC. Direct deposit: 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. SpotMe: 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 at least once every 34 days. 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 Conditions.

Alternative for employees

EarnIn

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EarnIn is a cash advance app that lets you borrow up to $750 of your earned wages before payday with its Cash Out feature. This borrowing limit is significantly higher than most cash advance apps and unlike payday loans, there's no interest or financing fees to use Cash Outs.

To qualify for EarnIn Cash Outs, you need to be employed, have regular direct deposits and earn a minimum of $320 each pay period. You can transfer $100 a day to a linked bank account, or more than $100 per day to an EarnIn card. Regular transfers are available in one to three business days or in minutes for a fee.

  • Available in all states

Alternative for budgeting tools

Cleo

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Cleo is an AI-powered budgeting and cash advance app, offering 0% interest cash advances up to $250 per pay period. While its advances are handy, Cleo’s strength lies in its ability to help you budget and save money. Set targets based on your income and spending habits, and its quirky AI assistant will help you stay on track.

And unlike other cash advance apps, you don’t need recurring direct deposits or W-2s to qualify for cash advances with Cleo. With its combination of cash advances, budgeting, round-up saving and credit-building tools – Cleo is ideal for anyone who wants to take greater control of their finances.

  • Available in all states

Alternative for building a portfolio

Albert

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Albert is a financial app that offers interest-free cash advances up to $250 through its Albert Instant service. But what sets Albert apart is its Genius service, which utilizes AI and human expertise to offer financial advice and help in creating customized investment portfolios tailored to your goals.

But whether you want Albert cash advances or the Genius advice, you must sign up for a Genius subscription, which costs $14.99 a month — although it has a discounted annual subscription. However, you get a 30-day free trial of Genius when you sign up for Albert, so you can test-run the features before committing.

  • Available in all states

Alternative for comparing loans

Credible personal loans

4.3
★★★★★

Finder score

Go to site Read review

Credible is a free lending connection service that helps you quickly compare personal loans from its 14 partners, including lenders that work with bad credit. You can apply with just a soft credit check and view which lenders are willing to work with you without impacting your credit.

While its number of partners is less than some other marketplaces, it doesn't sell your data so you don't have to worry about being spammed. Customers like it for its streamlined application process and the ability to compare multiple lenders with a single form.

  • Available in all states

Alternative for bad credit

OneMain Financial personal loans

3.4
★★★★★

Finder score

Go to site Read review

OneMain Financial offers personal loans to bad to fair credit borrowers. It doesn't have any hard-and-fast credit requirements, and it's one of the few lenders that lets you use collateral to help secure your loan. And it's fast – you could be funded the same day you're approved.

While it's less strict than other lenders, OneMain has a high starting rate of 18% APR. But its rates are capped at 35.99%, which is cheaper than a payday loan or what Lendly charges. But if you have good credit, you can likely find a better rate elsewhere.

  • Not available in: Alaska, Arkansas, Connecticut, Massachusetts, Rhode Island, Vermont

Partner terms and conditions
* OneMain Disclosures:

Not all applicants will be approved. Loan approval and actual loan terms depend on your ability to meet our credit standards (including a responsible credit history, sufficient income after monthly expenses, and availability of collateral). If approved, not all applicants will qualify for larger loan amounts or most favorable loan terms. Larger loan amounts require a first lien on a motor vehicle no more than ten years old, that meets our value requirements, titled in your name with valid insurance. Loan approval and actual loan terms depend on your state of residence and your ability to meet our credit standards (including a responsible credit history, sufficient income after monthly expenses, and availability of collateral). APRs are generally higher on loans not secured by a vehicle. Highly-qualified applicants may be offered higher loan amounts and/or lower APRs than those shown above. OneMain charges origination fees where allowed by law. Depending on the state where you open your loan, the origination fee may be either a flat amount or a percentage of your loan amount. Flat fee amounts vary by state, ranging from $25 to $500. Percentage-based fees vary by state ranging from 1% to 10% of your loan amount subject to certain state limits on the fee amount. Visit omf.com/loanfees for more information. Loan proceeds cannot be used for postsecondary educational expenses as defined by the CFPB’s Regulation Z such as college, university or vocational expense; for any business or commercial purpose; to purchase cryptocurrency assets, securities, derivatives or other speculative investments; or for gambling or illegal purposes.

Borrowers in these states are subject to these minimum loan sizes: Alabama: $2,100. California: $3,000. Georgia: Unless you are a present customer, $3,100 minimum loan amount. North Dakota: $2,000. Ohio: $2,000. Virginia: $2,600.

Borrowers (other than present customers) in these states are subject to these maximum unsecured loan sizes: North Carolina: $7,500. An unsecured loan is a loan which does not require you to provide collateral (such as a motor vehicle) to the lender.

Example Loan: A $6,000 loan with a 24.99% APR that is repayable in 60 monthly installments would have monthly payments of $176.07.

Time to Fund Loans: Funding within one hour after closing through SpeedFunds must be disbursed to a bank-issued debit card. Disbursement by check or ACH may take up to 1-2 business days after loan closing.

Alternative for college grads

Upstart personal loans

4.2
★★★★★

Finder score

Go to site Read review

Upstart is a holistic personal loan lender that considers more than just your credit score. For example, it considers your education, grades, and even job offer letters when making a lending decision. Unlike most lenders, it may accept scores as low as 300, as long as you meet its other criteria.

This may make it easier for some borrowers to qualify for a loan – including those who've just graduated from school. To qualify, you have to make at least $12,000 per year or have a job offer letter with a start date within six months. If approved, you could have funds in as little as one business day.

  • Not available in: West Virginia

Alternative for fair credit

Best Egg personal loans

3.8
★★★★★

Finder score

Go to site Read review

Best Egg is a lender best known for its customer service, quick application process and fast funding – often within one business day. It offers both unsecured and secured loans starting at $2,000, although unlike Lendly, you'll need fair to good credit to qualify.

You can prequalify in minutes with just a soft credit check to see offers without impacting your credit. Best Egg gets exceptionally high customer reviews on the Better Business Bureau website, but an origination fee applies to its loans.

  • Not available in: Iowa, Vermont, West Virginia

Partner terms and conditions
*Trustpilot TrustScore as of December 2022. Best Egg loans are personal loans made by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, Equal Housing Lender or Blue Ridge Bank, N.A., Member FDIC, Equal Housing Lender. The Best Egg Credit Card is issued exclusively by First Bank & Trust, Member FDIC, Brookings SD pursuant to a license by Visa International. Visa is a registered trademark, and the Visa logo design is a trademark of Visa International Incorporated. “Best Egg” is a trademark of Best Egg Technologies, LLC. Offers may be sent pursuant to a joint marketing agreement between Cross River Bank, Blue Ridge Bank, N.A. and/or First Bank & Trust and Marlette Marketing, LLC, a subsidiary of Best Egg, Inc.

The term, amount, and APR of any loan we offer to you will depend on your credit score, income, debt payment obligations, loan amount, credit history and other factors. Your loan agreement will contain specific terms and conditions. About half of our customers get their money the next day. After successful verification, your money can be deposited in your bank account within 1-3 business days. The timing of available funds upon loan approval may vary depending upon your bank’s policies. Loan amounts range from $2,000– $50,000. Residents of Massachusetts have a minimum loan amount of $6,500 ; Ohio, $5,001; and Georgia, $3,001.

For a second Best Egg loan, your total existing Best Egg loan balances cannot exceed $100,000. Annual Percentage Rates (APRs) range from 8.99%–35.99%. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 0.99%–8.99% of your loan amount, which will be deducted from any loan proceeds you receive. The origination fee on a loan term 4-years or longer will be at least 4.99%. Your loan term will impact your APR, which may be higher than our lowest advertised rate. You need a minimum 700 FICO® score and a minimum individual annual income of $100,000 to qualify for our lowest APR. For example: a 5‐year $10,000 loan with 9.99% APR has 60 scheduled monthly payments of $201.81, and a 3‐year $5,000 loan with 7.99% APR has 36 scheduled monthly payments of $155.12. To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents. Best Egg products are not available if you live in Iowa, Vermont, West Virginia, the District of Columbia, or U.S. Territories. TO REPORT A PROBLEM OR COMPLAINT WITH THIS LENDER, YOU MAY WRITE OR CALL–Operations Manager, Email: crt-resolutions@bestegg.com, Address: P.O. Box 42912, Philadelphia, PA 19101, Phone: 1-855-282-6353. This lender is licensed and regulated by the New Mexico Regulation and Licensing Department, Financial Institutions Division, P.O. Box 25101, 2550 Cerrillos Road, Santa Fe, New Mexico 87504. To report any unresolved problems or complaints, contact the division by telephone at (505) 476-4885 or visit the website https://www.rld.nm.gov/financial-institutions/

Alternative for higher amounts

MoneyLion Instacash advances

Read review

If you often need to borrow more than what most cash advance apps offer, MoneyLion Instacash could work for you. It allows users to borrow up to $500 between paydays, and this can potentially be increased to $700 or even $1,000 per pay period by meeting certain criteria.

For example, to access $700, you need to open a Credit Builder account, which costs $19.99 a month. But if you're willing to open a MoneyLion RoarMoney account and set up direct deposit, you can get paid two days early and access up to $1,000 per pay period — and this option is free. But watch out for high instant transfer fees, especially if you borrow more than $100.

  • Available in: Alabama, Arizona, California, Delaware, Florida, Georgia, Idaho, Illinois, Kansas, Louisiana, Maryland, Michigan, Missouri, New Mexico, North Dakota, Oklahoma, South Carolina, South Dakota, Texas, Utah, Washington, Wisconsin, Wyoming

Alternative for building credit

Possible Finance Mobile Installment Loans

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Similar to Lendly, Possible Finance is a payday loan alternative that offers no-credit-check loans that you pay back in installments with interest — but without any late fees or penalties. Through its app, you can borrow up to $500 instantly with APRs comparable to Lendly's.

However, when it comes to building credit and payment extensions, Possible Finance wins over Lendly. Possible Finance reports on-time payments to all three credit bureaus, while Lendly only reports to one. Possible also lets you extend your payment date, while Lendly doesn't.

  • Available in: Alabama, California, Delaware, Florida, Idaho, Indiana, Iowa, Kansas, Kentucky, Louisiana, Michigan, Mississippi, Missouri, Ohio, Oklahoma, Rhode Island, South Carolina, Tennessee, Texas, Utah, Washington

How does Lendly compare?

Lendly stands out for its automated lending process that interfaces with your employer’s payroll system, making it easy to get approved without a credit check. It also has good customer reviews on Trustpilot from thousands of customers, who mention that it’s easy to make repayments because they come directly out of your paycheck.

But like other payday lenders, APRs can run high with Lendly, and the company doesn’t disclose APR ranges on its website. And because repayments are fully automated, you can’t change your payment date if your bank balance is low. If you need to borrow less than Lendy’s $1,000 minimum amount, you may find a zero-interest cash advance app cheaper to use.

Pros

  • No penalty for early repayments
  • Good customer reviews
  • Loan limits higher than most cash advance apps

Cons

  • Lack of transparency around costs
  • APRs can run high
  • Repayments are inflexible

Alternatives to cash advances and installment loans

If you’d rather skip installment loans and cash advance apps altogether, here are a few alternatives to consider.

  • Get a credit card advance. Credit card cash advances are a quick and convenient way to borrow, and they don’t require a link to your bank account or proof of direct deposits to qualify like cash apps. Compare the best credit cards of 2023 for a range of benefits.
  • Take out a personal loan. If you’re willing to borrow at least $1,000, a personal loan may offer better rates and terms than a payday lender like Lendly. Compare personal loans for a range of credit scores, including bad credit.
  • Ask for a paycheck advance from your employer. Some employers offer paycheck advances or short-term loans. This lets you access a portion of your earned wages before the regular payday without having to install an app.
  • Consider a loan from a CDFI. You may be able to get a small-dollar, short-term loan at a lower cost than from a payday lender by going through a Community Development Financial Institution (CDFI). These are typically local banks or credit unions that serve low-income or rural areas.
  • Use a buy now, pay later (BNPL) app. While not a cash advance, BNPL apps let you purchase items you need now and pay them off later. Choose from the best BNPL apps for cash-free purchases today.
  • Get a payday loan — as a last resort. If you’ve exhausted other options, payday lenders can get you cash as soon as the same day. But beware — a typical $375 payday loan comes with $520 in fees, and borrowers can stay in debt for as long as 11 months. Consider OppLoans or Possible Finance for lower rates.

Compare local resources and more payday loan alternatives to explore other alternative funding options.

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