Updated July 23, 2024

Borrow $50 Instantly with $50 Loan Apps

By Helen Papellero
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Need 50 bucks? $50 Instant Loan Apps can help you out. But they can also offer a little more than that. Read on to find your best option.

Do you ever find yourself short on cash but just by a few bucks? Where do you get the money then?

You can't just enter a bank and ask for really small amounts. Not to mention, processing loans from them can be a hassle.

Well, $50 Instant Loan Apps can help with that. They're more convenient than banks and other financial institutions. They can process your loans more quickly, too.

What is your primary reason for using an Instant Loan App?

We've got the best ones on this list. Just select a suitable option if you're ever cash-strapped.

What apps will let me borrow money instantly?
Here are the best instant loan apps you can choose from:
  1. Brigit: Up to $250
  2. EarnIn: up to $150/day, with a max of $750 between paydays
  3. Dave: Up to $500
  4. Albert: Up to $250
  5. Chime SpotMe: from $20 to $200
  6. MoneyLion: Up to $500
  7. Cleo: from $20 to $250
  8. PayDaySay: from $100 to $5,000
  9. Branch: Up to 50% of your pay
  10. DailyPay: Up to 100% of your pay
  11. Payactiv: Up to 50% of your pay
  12. Empower: Up to $300

12 Best $50 Instant Loan Apps

Although these are trusted loan apps, not all of them are the same. Be sure to consider the loan amount, app requirements, and other features you may need!

Brigit

Loan Amount: Up to $250
Processing Time: 1-3 business days; within 20 mins. for a fee
Repayment Date: Choose your own repayment date

Why Choose Brigit:
Brigit offers cash advances (through Instant Cash) with flexible repayment dates. You don't need to worry about automatic repayment.

Do take note that it comes with a $9.99 subscription fee.[1] But you unlock other features with that price tag. Flexible repayment gives you extra time to repay your loan, while auto advances will cover you to help you avoid overdrafts.

You can also enjoy features like identity theft protection, credit protection, and credit builder.

  • Flexible repayment date
  • No credit check or interest
  • Additional financial tools
  • Pricey subscription fee
  • Instant delivery isn't "instant"

Brigit Requirements:
Here are the things you need to use Brigit:[2]

  • More than $0 in your balance
  • A checking account that has been active for at least 60 days
  • 3 recurring deposits on your account from the same source

Now, what if you need a little more than $250?

EarnIn

Loan Amount: up to $150/day, with a max of $750 between paydays [3]
Processing Time: 1-3 business days via ACH, or in minutes with Lightning Speed transfers, starting at just $2.99/transfer.
Repayment Date: On or after your payday

Why Choose EarnIn:
EarnIn Cash Out can get you up to $750 of your pay - an amount larger than what the previous apps offer. Although, the amount depends on your hourly wage. And you can only process up to $150 per day.[3]

Just like the other apps, EarnIn doesn't charge interest or perform credit checks. Your cash out will not affect your credit score. There are also no mandatory fees.

Running a little late on repayment? You will also not be charged late fees.[4] EarnIn Balance Shield can even automatically transfer $100 of your earnings when your balance falls below your selected threshold amount (0-$500).[5]

Although the standard processing time can take up to three days, you can get your money within minutes through Lightning Speed transfer. You'll just have to pay a fee starting at just $2.99/transfer. [6]

  • Up to $750 cash out
  • No late and monthly fees
  • No credit checks and interest
  • Only for employed people
  • Needs your timesheet and bank details

EarnIn Requirements:
What you need to get $750 from EarnIn:[7]

  • Regular pay schedule
  • Permanent work location, an electronic timekeeping system, or a PDF timesheet to track your hourly earnings
  • A linked Checking account

$750 is a huge amount of money. But maybe you don't need a lot. You might just need 5 bucks, even. Dave's got your back.

Dave

Advance Amount: Up to $500
Processing Time: 1-3 days for ACH transfers. For a fee, you can transfer to a connected account within minutes with express delivery.
Settlement Date: On your next payday or the nearest Friday if Dave can't detect your payday.

Why Choose Dave:
Sometimes, you don't really need a lot of money when you're cash-strapped. And Dave understands that very well. But other times, you might suddenly need to fix your car. Hence, you'll need a lot more than 50 bucks.

Dave's range for an advance (through ExtraCash™) can help you in both instances. They also don't charge interest or perform credit checks. Plus, there are no withdrawal or processing fees at nearly 40,000 MoneyPass ATMS.

But the downside is that membership costs $1/mo.[8] It's quite expensive if you only plan to advance a small amount. But the monthly fee also covers other services, including access to account monitoring, notification services, and maintaining a connection to your external bank account.

  • Suitable for varying needs
  • No credit checks and interest
  • No hidden fees
  • Needs access to your income history and spending patterns
  • Charges monthly membership fee

Dave ExtraCash™ Eligibility Contributing Factors:
What you need to qualify for higher advance:[9]

  • An external account with a 60-day history
  • Total deposit of $1,000 or more per month
  • 3 or more recurring deposits

If you don't qualify for Dave, here are apps like Dave you can try out.

Next up, let's talk about Albert. You can get a cash advance and cash spotting with it. Check out which app is more suitable by comparing their features.

Albert

Loan Amount: Up to $250 overdraft coverage
Processing Time: Instantly
Repayment Date: Automatic upon Albert Cash account fund deposit

Why Choose Albert:
With Albert Instant, you can get your overdrafts covered instantly for up to $250. You won't be charged interest or late fees. There are also no credit checks needed.

There's also a debit card offered through Albert Cash. You'll get access to your salary up to 2 days earlier by setting up your direct deposit with Albert Cash.

  • Instant overdraft coverage
  • No credit check
  • Doesn't charge interest
  • Must have a Genius subscription to access Instant overdrafts

Albert Instant Requirements:
Here are what Albert requires from you:[10]

  • An active bank account linked to an Albert Cash account
  • Has activated Smart Money feature on the app
  • Has turned on overdraft coverage in app settings
  • An Albert Cash account and Genius account in good standing

Check out apps like Albert for other similar options.

Chime SpotMe

Loan Amount: You can spot $20 to $200
Processing Time: Immediately
Repayment Date: On your next payday or deposit

Why Choose Chime SpotMe:
Chime offers immediate spotting through SpotMe, an overdraft-free service with no credit checks. It can save you a lot if you're used to paying hefty overdraft fees. You also don't need to worry about credit scores (unlike with a typical bank loan).

This option comes with a separate debit card for ATM withdrawals and debit card purchases. There are also no monthly fees or minimum balance required.

What if you need more than a few hundred? With a Chime Checking Account, you can get your pay up to 2 days earlier than your regular payday.

  • No monthly fees
  • No credit check
  • Immediate spotting up to $200 with no overdraft fees
  • $200 qualifying deposit
  • Needs a separate Chime debit card

Chime SpotMe Requirements:
Here's what you need to borrow $200 from Chime:[11]

  • You should be at least 18 years or older.
  • An activated Chime Visa Debit Card
  • A deposit account that is connected to Chime
  • A qualifying deposit of $200 and above, 34 days before requesting an overdraft spotting

Now, borrowing money can get you stuck in a loan-and-repayment cycle. This next app has useful finance tools that can help prevent that.

MoneyLion

Loan Amount: Up to $500
Processing Time: 2-5 business days; instantly for a fee
Repayment Date: Next payday

Why Choose MoneyLion:
MoneyLion can do more than lend you 50 bucks. Through Instacash, you can get a cash advance of up to $500 with no interest. There are also no credit checks or subscription fees with the app.

And if you need the money right away? You can get your loan instantly for a fee through Turbo Delivery. Depending on your loan amount, it can cost $1.99 - $8.99 (the higher the loan amount, the higher the fee).[12]

But what gives MoneyLion an edge is its tools that help you grow your money. You can use Credit Builder, Crypto Auto Invest, and Managed Investing, among other features.

  • Money management tools
  • Free cash advance feature
  • Instant delivery option
  • No credit checks and interest
  • Requires bank account access
  • Standard delivery can take up to 5 business days

MoneyLion Instacash Requirements:
Here's what you need to get $500 from MoneyLion:[13]

  • An account that has been active for two or more months
  • A history of recurring income deposits in the account
  • A positive balance on the account

If MoneyLion fits the bill for you, here are more apps like MoneyLion you can check out.

This next app you can get a cash advance and overdraft protection.

Cleo

Loan Amount: Up to $250 after the first repayment
Processing Time: Up to 4 business days; instantly for a fee
Repayment Date: Next payday; can extend up to 2 weeks

Why Choose Cleo:
Cleo offers Salary Advance, where you can get up to $250 of your paycheck with no interest. But this will only be available after your first repayment.

For your first advance, you can only borrow from $20 to $100. This may help alleviate their risk considering there are no credit checks. You can also receive the money quickly for a fee of $3.99.[14]

The cash advance feature is free. But you can also upgrade to Cleo Plus for $5.99/mo for more features. You can get personal financial management tools, overdraft protection, and special rewards with it.

How to get Cleo advance for free?
You can use Cleo salary advance for free by emailing team@meetcleo.com. Just state that you would like to use Salary Advance without subscribing.

  • Free salary advance service
  • No credit checks and interest
  • Financial management tools and overdraft protection available
  • Free access to salary advance needs extra steps
  • Standard delivery can take up to 4 days

Cleo Requirements:
Cleo doesn't explicitly specify how to be eligible for a cash advance. But here are some tips to increase your chances:[15]

  • Connect all the bank accounts you use
  • Inform Cleo of your income and cash flow
  • Pay subscription fees on time
  • Limit cash withdrawals
  • Make a budget and avoid negative balances

Tip: If a repayment extension of up to 2 weeks is not enough for you, Brigit offers a more flexible repayment period.

PayDaySay

Loan Amount: $100 to $5,000
Processing Time: Depends on the lender
Repayment Date: On your next payday (or when specified)

Why Choose PayDaySay:
PayDaySay is not actually a direct lender. Instead, they connect you with one. You can get personal, emergency, and installment loans. And you can ask from $100 up to $5,000.

You'll get matched with a lender that fits your needs. And if you're thinking twice about the loan? You can still cancel it within 24 hours (with most lenders) if you ever change your mind.

Although the lender doesn't always check your credit, they will charge interest for the loan. So just keep that in mind.

Already worrying about multiple debts? You can also opt for their debt consolidation services. It might help you avoid or stop the loan-and-repayment cycle.

  • Offers 3 kinds of loans
  • Loan up to $5,000
  • Free access to multiple lenders
  • Lenders may pull your credit
  • APR could be higher, depending on the lender[16]
  • Not available in all states[17]

PayDaySay Loan Requirements:
Here are the things you need for approval:[18]

  • Must be at least 18 years old
  • Proof of stable income
  • Valid bank account
  • Completed PayDaySay online application form
  • Documents specified by the lender

Now if you want to skip the hassle of loan requirements, check out Branch to get an employer-sponsored cash advance.

Branch

Loan Amount: Up to 50% of your salary
Processing Time: 3 business days; instantly (digital wallet)
Repayment Date: On your next payday

Why Choose Branch:
Branch Earned Wage Access can get you up to 50% of your salary in advance. Although, this amount will ultimately depend on your employer. That said, if you're making $1,000 in a pay period, you can get up to $500 in cash advance.

It's employer-sponsored, meaning your employer handles the requirements. So if you're interested in the app, ask your employer if the company offers this opportunity.

Withdrawal to your bank account will take 3 days. But if you need the money right away, you can access it instantly using Branch digital wallet.

If you're worried about taking a loan and how it could affect your spending, you can use Branch CashFlow. It's a feature that informs you of your spending so you're more aware of your finances. It can also help you improve them.

If 50% of your salary is not enough, how about all of it in advance? Be careful though, it could get tricky to budget your money through the next cut-off.

  • Your employer handles the eligibility requirements
  • Convenient digital wallet
  • Can advance a larger amount than competitors
  • Employer sets the maximum loan amount
  • Standard bank delivery takes 3 days

DailyPay

Loan Amount: Up to 100% of your salary; up to $1,000 per day
Processing Time: 1 business day; instantly for a fee
Repayment Date: Automatically deducted from your salary

Why Choose DailyPay:
DailyPay On-Demand Pay offers a reloadable card where you can advance your whole salary. And you can use the card in any store that takes Visa debit cards.

For your first three pay periods, however, you can only advance up to 50%. So make sure to budget accordingly.

Also, just like Branch, DailyPay is employer-sponsored. So you don't need to worry about the requirements. You don't even need a pre-existing bank account to qualify.

Keep in mind that they charge a fee for bank account, payroll, and debit card transfers. Instant delivery costs $3.49 or less per transfer while the next business day transfer costs is free.[19]

  • Advance your whole salary
  • Quick processing time
  • Employer handles your requirements
  • Only for employed persons
  • Charges a fee for instant transfers

Payactiv

Loan Amount: Up to 50% of your salary
Processing Time: 1-3 business days; instantly for a fee
Repayment Date: On your next payday

Why Choose Payactiv:
Payactiv Earned Wage Access is another employer-sponsored cash advance, just like Branch and DailyPay. Although, unlike DailyPay, you can only advance up to 50% of your salary. The exact amount will ultimately depend on your employer.

It can be a more convenient option, however. Since you can claim your cash through Walmart Cash Pickup. Or just pay your bills directly through the app itself!

Free ACH bank transfers will take 1-3 business days to process. But to get the money instantly (for a fee), you'll need debit/payroll cards or Walmart Cash Pickup. There's no fee for same-day transfer to a Payactiv card with direct deposit of $200 or more per pay period.[20]

The cash advance will not impact your credit score. And if you ever need professional financial help, you can always use their Financial Counseling feature.

  • Walmart Cash Pickup option
  • Financial counseling feature
  • Employer handles your requirements
  • Employer determines maximum loan amount
  • Charges per debit/payroll card/cash pickup transfer

Empower

Loan Amount: Up to $300
Processing Time: 2-5 days; w/in 15 minutes for a fee
Repayment Date: On your next payday

Why Choose Empower:
Although the loan amount is not as large as the others on this list, Empower Cash Advance gives an edge with 1-day standard delivery. There are no credit checks, interest, and late fees, too.

They even offer an Empower Card with no overdraft fees. The card comes with up to 10% cashback deals and free instant cash advance delivery. You can use these bonuses to save some money!

The downside would be that Empower charges an $8/mo subscription fee.[21] It's not ideal to have subscription fees considering you wouldn't want to "regularly" borrow money.

  • Repayment flexibility
  • Debit card with cashback deals and instant delivery
  • Instant delivery isn't "instant"
  • Costly $8 subscription fee

What is a $50 Loan Instant App?

Without the hassle of complicated paperwork, apps on the list can give you the $50 you need within an instant to a few days. And for most of the apps, you can repay it on your next payday.

Through their simple sign up process, you can gain access to $50 (even up to $500), and their additional features such as financial budgeting tools, credit builder, and more.

Are $50 loan instant apps safe?
Yes, all the $50 loan instant apps on the list are safe. Additionally, here's our list of the best payday loan apps that also practice security standards that prioritize their users' safety and information security.

But if you don't know where to start with which app to choose on the list, keep reading.

What To Look For In $50 Instant Loan Apps?

Although it's easier to apply for these apps than bank loans, you'd still want to make the "right" choice.

Here are some of the major things to consider:

  • Requirements
    Some apps need a qualifying deposit, a positive account balance, or an account that's been active for months. So check if you have the loan requirements before signing up.

    Pro tip: To avoid the hassle of requirements, you can ask your company if they offer employer-sponsored cash advance programs. They might already use apps like Branch, DailyPay, and Payactiv.

  • Loan Amount
    All apps on the list can get you a $50 loan if you're eligible. But a higher loan amount can provide more leeway during emergencies. It's not ideal to get cash-strapped because you didn't borrow enough!

  • Processing Time
    If you need money right away, most apps offer express delivery. But if you'd rather save a couple of bucks, waiting for standard delivery takes around 1-3 business days.

  • Fees
    Extra features and extra fast delivery could mean extra fees. Express delivery and subscription fees are top additional costs to look out for when choosing a $50 loan instant app.

  • Repayment Date
    Most apps set repayment dates on your next payday. Take note of these dates to pay on time. That said, some apps don't charge late fees, like Empower, Albert, and EarnIn.

Can I borrow on a loan instant app with poor credit history?
Yes, you can borrow from loan instant apps even with poor credit history. Brigit, EarnIn, Dave, and more apps on the list don't require a credit check.

When Should I Borrow From $50 Instant Loan Apps?

One way to make the most out of instant loan apps is to use them for emergencies. If you're ever in a pickle, just click on one of these apps, and you're faced with a potential solution.

Whether it's for groceries, new textbooks, or a trip to the car mechanic, $50 instant loan apps can get you far financially. After all, the apps on this list are here to make your life more convenient during unexpected circumstances.

How often can I borrow from a $50 loan instant app?

For most apps on the list, you can only borrow once at a time. Until you've repaid it, you can't make another loan. But for Chime, Branch, and DailyPay, you can borrow multiple times until your loan amount limit is reached.

Do these apps affect my credit score?
Borrowing from most $50 loan instant apps on the list (except PayDaySay) won't affect your credit score.

Alternatives to $50 Instant Loan Apps

If you're not qualified for instant loan apps, here are other things you can do to make a few bucks:

If you haven't found your pick, our list of payday advance apps might have just what you're looking for.

How We Came Up With The List

When thinking of a loan, the first thing that comes to mind is tons of paperwork. But that shouldn't be the case when you just want to borrow $50. With these apps, you get to skip the paperwork and only worry about convenient and reasonable requirements.

We also considered the processing period. Because you're looking for an instant loan, we included apps that can get you your money fast. Most apps even offer express delivery. So you can get the money right when you need it.

Lastly, we took note of other financial features that can help you reach your money goals. That way, you don't just rely on the apps for urgent needs but for long-term use as well.

Bottom Line

Borrowing $50 is now easier with instant loan apps. This list offers the best ones you can trust.

Just make sure to take note of the maximum loan amounts, processing time, and repayment schedule. That way, you end up working with a suitable provider.

If you're ever short on the requirements, however, there are always alternatives to consider. We'd recommend making extra cash the most, so you don't end up in debt - even if it's just $50.

References

  1. ^ Brigit. Pricing, Retrieved 7/22/2024
  2. ^ Brigit. How to access Instant Cash, Retrieved 7/22/2024
  3. ^ 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
  4. ^ EarnIn. What happens if I make a late payment on my card?, Retrieved 7/22/2024
  5. ^ EarnIn. Why did I automatically receive a transfer?, Retrieved 04/19/2024
  6. ^ EarnIn. Lightning Speed fees and details, Retrieved 7/22/2024
  7. ^ EarnIn. Who can use EarnIn?, Retrieved 7/22/2024
  8. ^ Dave. Dave Membership, Retrieved 7/22/2024
  9. ^ Dave. Taking an ExtraCash advance + contributing factors, Retrieved 7/22/2024
  10. ^ Albert. How do I qualify for Albert Instant?, Retrieved 7/22/2024
  11. ^ Chime. FAQs: Who is eligible for SpotMe?, Retrieved 7/22/2024
  12. ^ MoneyLion. Pricing, Retrieved 04/19/2024
  13. ^ MoneyLion. How do I qualify for Instacash advances?, Retrieved 7/22/2024
  14. ^ Cleo. What is this $3.99 charge?, Retrieved 7/22/2024
  15. ^ Cleo. How do I become eligible?, Retrieved 7/22/2024
  16. ^ PayDaySay. Rates & Fees, Retrieved 7/22/2024
  17. ^ PayDaySay. FAQ, Retrieved 7/22/2024
  18. ^ PayDaySay. FAQ: How can I apply for the loan?, Retrieved 7/22/2024
  19. ^ DailyPay. What is the fee for Now instant transfer?, Retrieved 07/22/2024
  20. ^ Payactiv. Pricing, Retrieved 04/19/2024
  21. ^ Empower. Fee Schedule, Retrieved 7/22/2024

Write to Helen Papellero at feedback@creditdonkey.com. Follow us on Twitter and Facebook for our latest posts.

Note: This website is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content. You do not have to use our links, but you help support CreditDonkey if you do.

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

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Brigit

Get up to $250 in minutes with Instant Cash

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  • No interest, late fees, or tipping
  • No credit check
  • Just $9.99/mo. Cancel anytime
What is your primary reason for using an Instant Loan App?
56% Emergency expenses
5% Repaying a small debt
28% Groceries or essentials
8% Covering a utility bill
3% Funding a small indulgence
Source: CreditDonkey poll of 1,738 respondents
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