6 Loans Like Lendumo for Fast Cash in 2024

Similar to Lendumo, OppLoans offers installment loans to borrowers who may have trouble qualifying for other loans. Its rates are high as well, but far below the 400% to 700% that Lendumo charges. Plus, it reports your on-time payments to the credit bureaus and doesn't charge prepayment penalties. But it's not available in all states, and you need to get paid by direct deposit.

• Not available in: Colorado, Connecticut, Georgia, Iowa, Maryland, Massachusetts, New York, South Dakota, Vermont, Washington, West Virginia

• Why we like it

  Similar to Lendumo, OppLoans offers installment loans to borrowers who may have trouble qualifying for other loans. Its rates are high as well, but far below the 400% to 700% that Lendumo charges. Plus, it reports your on-time payments to the credit bureaus and doesn't charge prepayment penalties. But it's not available in all states, and you need to get paid by direct deposit.

• Pros and cons

  Pros

  • Funding as soon as the same day
  • No hard credit check
  • Helps to build credit

  Cons

  • High rates compared to some loan options
  • Requires direct deposit
  • Not available in all states

• More details

  APR	160% to 195%
  Loan amount	$500 to $4,000
  Loan Term	9 to 18 months
  Turnaround time	As soon as the same business day

Upstart offers much larger loans than Lendumo, ranging from $1,000 to $50,000, and it considers factors such as your education and career path rather than just your credit score. It also has much more affordable rates than Lendumo, starting as low as 6.7%. However, it charges origination fees — which takes a bite out of your loan proceeds — and minimum loan amounts may be higher depending on the state you live in.

• Not available in: Connecticut, Iowa, Maine, Maryland, Nevada, New York, Oklahoma, Oregon, West Virginia

• Why we like it

  Upstart offers much larger loans than Lendumo, ranging from $1,000 to $50,000, and it considers factors such as your education and career path rather than just your credit score. It also has much more affordable rates than Lendumo, starting as low as 6.7%. However, it charges origination fees — which takes a bite out of your loan proceeds — and minimum loan amounts may be higher depending on the state you live in.

• Pros and cons

  Pros

  • Rates as low as 6.7%
  • Funding as fast as one business day
  • No prepayment penalties

  Cons

  • Charges origination fees
  • Requires a hard credit check
  • Minimum loan amounts vary by state

• More details

  Loan amount	$1,000 to $50,000
  APR	6.7% to 35.99%
  Interest Rate Type	Fixed
  Min. credit score	300
  Turnaround Time	As soon as the same day
  Loan Term	36 or 60 months

Unlike Lendumo, OneMain Financial offers both secured and unsecured personal loans, with larger amounts ranging from $1,500 to $20,000. And you could receive funding as soon as one hour after closing instead of having to wait until the next day. Its rates are much better than Lendumo, from 18% to 35.99%. But you may need to visit a branch office to complete the loan process, and OneMain charges origination fees.

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

• Why we like it

  Unlike Lendumo, OneMain Financial offers both secured and unsecured personal loans, with larger amounts ranging from $1,500 to $20,000. And you could receive funding as soon as one hour after closing instead of having to wait until the next day. Its rates are much better than Lendumo, from 18% to 35.99%. But you may need to visit a branch office to complete the loan process, and OneMain charges origination fees.

• Pros and cons

  Pros

  • Offers secured and unsecured loans
  • Better rates than Lendumo
  • No prepayment penalties

  Cons

  • Charges origination fees
  • Minimum and maximum loan amounts vary by state
  • May need to visit a branch office

• More details

  Loan amount	$1,500 to $20,000
  APR	18% to 35.99%
  Interest Rate Type	Fixed
  Min. credit score	Not specified
  Turnaround Time	As soon as one hour
  Loan Term	24, 36, 48 or 60 months

• Partner terms and conditions

  <sub>* 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.</sub>

Dave isn't technically a loan like Lendumo — it's a cash advance app — but it offers advances up to $500 and accepts self-employed workers and others without regular income or direct deposit. It also doesn't charge interest or late fees, making it a much less expensive option than Lendumo. But you must pay a monthly subscription fee to qualify for advances, and instant transfer fees can cost up to $25.

• Available in all states

• Why we like it

  Dave isn't technically a loan like Lendumo — it's a cash advance app — but it offers advances up to $500 and accepts self-employed workers and others without regular income or direct deposit. It also doesn't charge interest or late fees, making it a much less expensive option than Lendumo. But you must pay a monthly subscription fee to qualify for advances, and instant transfer fees can cost up to $25.

• Pros and cons

  Pros

  • Accepts self-employed income
  • No interest or late fees
  • No credit checks

  Cons

  • Transfer fees up to $25
  • Requires a monthly subscription
  • May take some time to qualify for larger advances

• More details

  Loan amount	Up to $500
  Loan Term	Varies
  Turnaround time	Up to 3 business days to an external debt card, instantly to a Dave checking or instant to an external bank account for an optional fee.

For those who get paid by the hour, EarnIn — another cash advance app — offers advances up to $150 a day and $750 per pay period, which is more than most apps. And, unlike Lendumo, there are no interest charges or late fees. There isn't even a monthly subscription required, making it a truly low-cost option. But you can only withdraw based on hours you've already worked, and it charges fees if you need the money transferred immediately.

• Not available in: Connecticut

• Why we like it

  For those who get paid by the hour, EarnIn — another cash advance app — offers advances up to $150 a day and $750 per pay period, which is more than most apps. And, unlike Lendumo, there are no interest charges or late fees. There isn't even a monthly subscription required, making it a truly low-cost option. But you can only withdraw based on hours you've already worked, and it charges fees if you need the money transferred immediately.

• Pros and cons

  Pros

  • Advances up to $750 per pay period
  • No interest or late fees
  • No monthly subscription required

  Cons

  • Only suitable for hourly workers
  • Charges fees for instant transfers
  • Have to upload timesheets or otherwise track your hours

• More details

  APR	0%
  Loan amount	Up to $150/day, with a max of $750 between paydays
  Loan Term	1 to 4 weeks
  Turnaround time	1 to 3 business days or within minutes for a fee starting at $2.99 per transfer

• Partner terms and conditions

  EarnIn is not a bank. Access limits are based on your earnings and risk factors. Available in select states. Terms and restrictions apply. Visit EarnIn.com for full details. Expedited transfers available for a fee. Visit Earnin.com for full details.

About the closest you can get to a completely free loan — a far cry from Lendumo loans — is with Chime MyPay. It offers cash advances up to $500 with no interest, late fees or monthly subscription fees. The only cost is $2 if you want an advance — of any size — right away. But it requires direct deposit, and you need a Chime checking account or debit card to qualify. Plus, larger advances aren't typically available for newer users.

• Not available in: Colorado, Connecticut, Georgia, Illinois, Maine, Maryland, Massachusetts, Minnesota, Montana, Nevada, New Jersey, New Mexico, South Dakota, Vermont, Washington, Wisconsin, Wyoming

• Why we like it

  About the closest you can get to a completely free loan — a far cry from Lendumo loans — is with Chime MyPay. It offers cash advances up to $500 with no interest, late fees or monthly subscription fees. The only cost is $2 if you want an advance — of any size — right away. But it requires direct deposit, and you need a Chime checking account or debit card to qualify. Plus, larger advances aren't typically available for newer users.

• Pros and cons

  Pros

  • No mandatory fees
  • Advances up to $500
  • Only $2 for instant transfers

  Cons

• More details

  Loan amount	Up to $500
  Loan Term	Until next deposit
  Turnaround time	Within 24 hours or $2 for instant transfers

• Partner terms and conditions

  MyPay™ line of credit provided by The Bancorp Bank, N.A. or Stride Bank, N.A. MyPay services provided by Chime Capital, LLC (NMLS 2316451). MyPay eligibility: To be eligible for MyPay, you must receive Qualifying MyPay Direct Deposits to your Chime Checking Account as set forth in the MyPay Agreement. A Qualifying MyPay Direct Deposit is a deposit from an employer, payroll provider, gig economy payer, government benefits payer, or other permitted source of income by Automated Clearing House (“ACH”) or Original Credit Transaction (“OCT”). Your MyPay Credit Limit and Available Advance Amount may change at any time. MyPay is a line of credit and available limits are based on estimated income and risk-based criteria. Eligible members may be offered a $20 - $500 Credit Limit per pay period. Your Credit Limit and Maximum Available Advance will be displayed to you within the Chime app. MyPay is currently only available to eligible Chime members in certain states. Other restrictions may apply. See Bancorp MyPay Agreement or Stride MyPay Agreement for details. Instant funds: Option to get funds instantly for $2 per advance or get funds for free within 2 days. See Bancorp MyPay Agreement or Stride MyPay Agreement for details.