OppLoans is an online lender that offers personal loans from $500 to $4,000 to poor credit borrowers. It only does a soft credit check that doesn’t affect your FICO credit score. It caps its rates as 160% - 179% APR APR, though rates vary from state to state. While high compared to other personal loan lenders, it may be cheaper than a payday installment loan — which typically have APRs exceeding 300%.
But if you’d rather not pay interest at all, consider a cash advance app. Cash advance apps let you borrow against your future paychecks with no interest — but advance amounts may be lower than an installment loan. Our list of loans like OppLoans offers more borrowing options, including cash advance apps, that can help you save on interest, budget better and even invest for the future.
While not a personal lender like OppLoans, Chime SpotMe is a free overdraft feature that will “spot” you between $20 and $200 if you overdraw your Chime checking account. The feature is available for Chime customers with an active debit card who receive at least $200 in eligible direct deposits every month.
To activate the feature, go into your Chime app settings and switch on the Overdraft fee-free option. You can view your SpotMe overdraft limit underneath this option. While overdraft limits are between $20 and $200 only, it's a handy feature for getting extra cash with no added fees or interest charges, like OppLoans.
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.
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 are 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.
Not available in: Connecticut
Pros
No credit check required
No mandatory fees, interest or tipping
Free credit score tracking included
Cash Out more than $100 per day with an EarnIn card
With its 24-hour cooling-off period between loans, Cleo allows you a new advance only one day after paying off your previous one. This is way faster than other cash advance apps that make you wait three to five days between advances. Cleo also lets you reschedule your payment due date once, if your finances change.
On the downside, you can only request a cash advance through the app if you're subscribed, which costs $5.99 per month. But you can also request an advance through Cleo customer service.
Available in all states
Pros
New advance available 24 hours after payoff
One-time due date extension
Budgeting and saving tools through app
Build credit with Credit Builder subscription
Cons
$5.99 to $14.99 monthly subscription fee
Non-subscribers must contact customer service to apply for cash advances
$3.99 express fee for same-day funding
Loan amount
Up to $250
Loan Term
Next deposit
Turnaround time
3 to 4 days standard transfer. Same day with $3.99 to $9.99 express fee.
Loan amount
$40 - $250
Turnaround time
3 to 4 days standard transfer. Same day with $3.99 to $9.99 express fee.
Albert is a banking app that offers free cash advances up to $250. But what makes Albert different from other cash apps is its Genius service. Genius is an AI-driven, human-supported money advice service that can help you with loans, budgeting and investing.
Just by entering a few details, Genius can build a custom investment portfolio based on your goals. But the service costs $8 to $16 a month, and you're automatically enrolled in a free 30-day trial of Genius to use Albert for cash advances. With Albert, standard transfers are free, but you'll pay a fee for instant transfers.
Available in all states
Pros
Offers investment help
Paid membership not required for advances
No late fees or inactivity fees
Cons
Automatically enrolled in free trial of Genius
No customer service phone number
Some users have had a hard time canceling their Genius subscription
Brigit is a payday cash advance app that offers loans up to $250 per pay cycle. It never charges interest, but repayment is due by your next paycheck. If you need extra time paying, you can extend your due date as long as you've had at least two consecutive on-time payments.
Brigit charges a monthly fee of $8.99 to $14.99 monthly membership fee to use its cash advance service. While this is pricier than some other apps, this fee includes its credit builder program and up to $1 million in identity theft protection. But if you need funds same-day, Brigit charges a fee for instant transfers.
Available in all states
Pros
Can accrue up to three payment extensions
Automatic overdraft protection available
Credit builder program included in monthly fee
Cons
High $8.99 to $14.99 monthly membership fee monthly membership fee
Instant transfers cost extra
No customer support over the phone
Loan amount
$50 to $250
Loan Term
Varies
Turnaround time
2 to 3 business days or instant with a Premium subscription or for a fee.
Loan amount
$50 - $250
Turnaround time
2 to 3 business days or instant with a Premium subscription or for a fee.
OneMain Financial is a personal loan lender catering to fair credit borrowers. It offers loans up to $20,000 — much higher than the limits on a cash advance app or short-term installment loan. Loan terms range from two to five years, but rates run relatively high, starting at 18% APR and reaching up to 35.99%.
While this is higher than using a cash advance app, OneMain offers more borrowing options and repayment terms than a cash app for bigger expenses. Unlike cash advance apps and installment lenders, OneMain verifies your credit score before extending a loan, although it doesn't specify a particular minimum.
Not available in: Alaska, Arkansas, Connecticut, Massachusetts, Rhode Island, Vermont
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.
Cash App Borrow is a pilot feature of Cash App that allows certain users to borrow up to $200 for any purpose. But there's a 5% finance charge to use the service, and it doesn't disclose eligibility requirements — although it's likely based on your app usage.
Unlike other cash advance apps, your ability to use Cash App Borrow isn't necessarily dependent on having direct deposits from an employer but rather on your cash-loading activity. So, it could be ideal if you don't receive direct deposits regularly, as most cash apps require this.
MoneyLion is a banking app that offers free advances on your paycheck up to $500. In addition to its cash advance feature, MoneyLion offers a banking account called RoarMoney, an investment account, a credit builder program and a crypto trading feature.
If you open a RoarMoney account, you can potentially increase the amount of your advances to $1,000. MoneyLion is free to use, but like most cash apps, you'll pay extra for instant transfers. And while many customers like the app, some recent reviews on Google Play are negative.
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
Pros
Paycheck advances up to $1,000
No fees and no tipping required
Round Up investing feature
Cons
Regular funding takes 24 to 48 hours
Instant transfers cost between $1.99 and $8.99
A pattern of customer complaints
Loan amount
Up to $500 or $1,000 with RoarMoney account
Loan Term
Due by your next pay date
Turnaround time
Up to 5 days or instant for a fee of $0.49 to $8.99
Loan amount
$50 - $500
Turnaround time
Up to 5 days or instant for a fee of $0.49 to $8.99
Possible Finance is an online lender that extends short-term installment loans up to $500. Like cash advance apps, it doesn't check your credit score. But as an installment lender, you'll pay a high rate to borrow funds — which you pay back over a period of up to 8 weeks.
While pricey, Possible Finance reports your payments to two of the three major credit bureaus which can help boost your score. But be careful of overusing the app — taking out too many loans could hurt your score. Unless you need extra time to pay back your loan, a cash advance app is a cheaper option.
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
Pros
No credit check required
Varying loan repayment terms
Reports activity to the three major credit bureaus
Cons
APRs can reach over 460%
A pattern of negative customer reviews
More expensive than using a cash advance app
Loan amount
$50 - $500
Interest rate type
Fixed
Loan Term
2 to 8 weeks
Turnaround time
As fast as 1 business day
Loan amount
$50 - $500
Turnaround time
As fast as 1 business day
How does OppLoans compare?
If you can’t qualify for a personal loan due to bad credit, OppLoans may be worth considering. But charging APRs up to 179%, OppLoans is a more expensive option than using a cash app. Cash apps never charge finance fees or interest on what you borrow and some are even free to use. But if you have bad credit and need a larger loan amount than what’s available with a cash app, OppLoans is generally cheaper than payday installment loans and you can potentially borrow up to $4,000. There’s only a soft credit check required to qualify for OppLoans, and it won’t affect your FICO credit score. Customers give the company mostly positive reviews online. However, some customers report being unhappy with high interest rates and inexplicably high repayments — with one claiming their interest costs exceeded the original amount of the loan.
Kat Aoki was a personal finance writer at Finder, specializing in consumer and business lending. She’s written thousands of articles to help consumers make better decisions on their home loans, bank accounts, credit cards, cryptocurrency and more. Kat is well versed in working with leading brands in the real estate, mortgage and personal finance industries, and her expertise has been featured on Forbes Advisor, Lifewire and financial comparison sites like iSelect and realestate.com.au. She holds a BS in business administration from California State University, Sacramento and enjoys hiking and yoga in her spare time. See full bio
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