Apps Like Dave | Best Apps Like Dave 2021

Unlike traditional lending platforms, you might have come across; Viva Loans is a matching platform; it connects borrowers to direct lenders operating in the UK. The company is registered as Payday Ventures Limited in Wales and England, and it holds a license from the FCA.

As a brokerage firm, Viva Loans give borrowers flexibility direct lenders cannot afford. And because of their vast lender database, they offer loan amounts between £200 and £2,000 with loan terms ranging between 3-12 months. This is a huge plus because traditional payday lenders offer small loans payable on your next payday, usually in two weeks or a month.

Moreover, owing to the multiple lenders it connects you to, you have the luxury of getting the best lender through a single loan application. Speaking of application, Viva Loans can only provide estimates of installment amounts and loan costs. The definite figures are available once you find a suitable lender.

The loan costs vary between 35.9% APR and 1,304% APR. And in case you are late in repaying the loan, the maximum lateness fee payable is £15.

This is an online lender that offers high loan limits of up to £5,000. The application process is completed online and can be done in a couple of minutes. The company takes pride in processing loans fast. The emergency funds hit your account on the same day or the following business day.

What’s more intriguing is that you do not need stellar credit reports to qualify for the loans. FundsJoy simply reviews your loan affordability through your employment, income, and expenditure stats. Depending on the loan and affordability, the loan costs vary between 4.99% and 1,386%.

Like Viva Loans, Loan Solo is a broker loan service. It’s in the business of connecting borrowers with payday lenders during emergencies. Over the years, it has worked on improving its service. It leveraged technology to offer the best loan experience possible.

The loan application is completed online or over the phone (whichever is more convenient for you). Since it’s a broker firm, it can connect you to the best bad credit lender. You can borrow a maximum of £1,000 payable on your next payday.

The amount you qualify for depends on your loan affordability. The loan cost also depends on the same factors.

Extra Lend, like most payday lenders, offers bad credit loans. And unlike many lenders serving borrowers in this capacity, it offers high loan limits of up to £5,000. What’s even better, the company has a long loan repayment period to accommodate the high loans. You’ll repay the loan without pressure and the risk of defaulting or missing a deadline.

In this day and age, online privacy is crucial. Though you are safe behind closed doors, you need to know you are safe on the online streets as well. Therefore, Extra Lend pays extra attention to client privacy and security on the platform. They use new internet security technology to keep things under wraps.

As for the loan application, the process is simple and straightforward. It starts by filling personal details and employment details. After submission, you await a response determining acceptance or rejection of the loan. If approved, the loan is deposited on the same day or the next business day.

CashNetUSA was launched in 2004. It is a payday lender that focuses on bailing people out in emergencies. In the years it has been in the industry, it has served more than 3 million people. And aside from payday loans, they also offer a line of credit and installment loans.

CashNetUSA offers loans between £100 and £3,000 depending on the type of loan you want and where you live. With varied loans, payday loan costs vary as well between 86.9% and 1,140%. You and repay the loan within two weeks or six months, depending on the loan amount. On the other hand, the line of credit loans have APRs between 24% and 299%. CashNetUSA also charges between 15 and 25% in transaction fees. Lastly, if you want an installment loan, it will cost you between 187.3% and 388.9%.

Unfortunately, unlike most payday loans, CashNetUSA requires you to have a credit score above 300. With that said, the application process is simple and only takes a few minutes. The loans are processed fast and can be in your account on the same day.

If you get stuck in the loan application, you can reach support on [email protected], on the phone or live chat. The customer support team is available from Mondays to Saturdays. On the weekdays, it operates between 7 am to 10 pm and on Saturdays between 8 am and 5 pm CT.

This App operates just like Dave App. It doesn’t come with membership fees, and you can borrow a maximum of $100 a day or $500 in a pay period. The loan amount available depends on the hours worked.

If you qualify for the Lightning Speed program, you might get a cash advance in a few minutes. If not, the money will be in your account on the next business day. It also features a Balance Shield program, which helps in protecting you from overdraft fees.

Note: Overdraft fees are common with payday loans. However, they increase the cost of the loan.

The App hit the market in 2017. The App helps you access money when you are running low on funds and about to overdraw. But despite being new, Brigit Loan Apps crosses the t’s and dots the I’s courtesy of the financial experts from Deutsche Ban, Amazon, Two Sigma, Expedia, Credit Suisse and others running the show behind the curtains.

Like the Dave App, the goal of the Brigit Loan App is to empower individuals and help them get their financial footing by addressing some weaknesses in traditional banking. Currently, it has over 250,000 users, is available across the USA, and offers cash advances of up to $250.

As for loan repayment, Brigit is flexible and allows you to extend the due date. Even better, you are under no obligation to tip. What’s in it for them? Well, instead of charging interest, Birgit Loan App charges a membership fee. Once this is paid, you have access to all loan options available for free.

MoneyLion is the brainchild of MoneyLion Inc., a direct lending company that has been in existence since 2013. It has its base in New York and serves users in all parts of the US. And yes, MoneyLion App offers 0% APR cash advances to its users. The goal is to make cash more approachable, which they have achieved.

Through the App, you can get Instacash capped at $250 a month. Though they don’t check your credit score, the loan amount you are eligible for depends on the direct deposit you make into the MoneyLion account. The App is simple, and the borrowing process is easy. The money reflects in your account immediately and is due on your next paycheck.

But with the 0% APR, how does MoneyLion stay afloat? The App earns money from other loan options including;

• MoneyLion Plus Personal Loans – you can borrow funds ranging between $1000 and $35,000 payable within a month to 36 months. The loan takes three days to finalize.
• Credit Builder Plus Loans – this is a simple $75-$500 loan designed to build your credit score. The loan comes with a 5.99% rate and is only available under Plus membership. As you make payments, MoneyLion updates your repayments with credit bureaus to improve your credit score.

Note: with the Plus membership, you might incur a $19.99 monthly membership fee.

LendUp is a direct lender that targets borrowers with poor and bad credit. You can borrow between $100 and $250. Although this is not the best we have seen, on the bright side, it infers that LendUp is a responsible lender.

But once you successfully repay the first loan, you can apply for higher loans. They call this the LendUp Ladder. You can also use these loans to improve your credit score provided you repay the loan on time. The higher the loan, the more time you have to repay. The ladder includes;

• Silver – maximum loan of $250 payable in 30 days
• Gold – you can take an installment loan
• Platinum – the added benefit of allowing LendUp to report your repayment history to credit bureaus
• Prime – similar to Gold and Platinum but with the benefit of lower APR

The loans cost between 237% and 1016.79%. Since they are payday loans, they are convenient and accessible in emergencies but also expensive. Other fees include origination fees. The funds reflect in 15 minutes or the same day.

Check into Cash was founded in 1993, and it has its headquarters in Tennessee. Initially, it focused on cashing checks but has since rolled out other financing products, including installment loans and Payday loans.

Like LendUp, Check into Cash is also great for borrowers with bad credit. You can borrow between $100 and $4,000, and the loan term and APR depend on the size of the loan. Speaking of cost, the APR is 390%, cheaper than most payday lenders, but significantly expensive than most traditional loans.

You can apply for the loans online or through a store location. But regardless of which option you take, you’ll have the money in one business day.