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Best Instant Loan Apps to Get $100: A Lifesaver in Financial Emergencies

Are you facing an unexpected expense that has left you in a bind? Whether it's a car repair or a medical bill, finding the funds to cover these costs can be challenging. The feeling of being short on cash, especially in an emergency, is never a good one. That's where instant loan apps come in handy.

With just a few clicks on an instant loan app, you can apply for a $50, $100, or even higher loan and receive the funds in your bank account within minutes. The process is quick and straightforward, allowing you to apply for loans from the comfort of your own home. But before we dive into the best instant loan apps available, let's explore the different types of instant loans and how they work.

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Instant Cash Loan vs. Instant Cash Advance Loan vs. Payday Loan

When you need money instantly, there are several options available to you. You may come across terms like instant cash loan, instant cash advance, and payday loan, which are often used interchangeably. Although they may sound similar, each type of loan works a little differently, with varying repayment terms, costs, and interest rates.

Instant Cash Loan

An instant cash loan is a loan provided by a financial institution through a fintech app, also known as a neobank. These instant loan apps offer loans almost instantaneously. For example, you can borrow $100 and have it in your account within a few hours, or a couple of days at most. These apps rarely charge fees and can help you avoid overdraft fees and other penalties for going over your balance. However, it's crucial to read the fine print and ensure that the bank supporting the app is FDIC insured.

Instant Cash Advance Loan

An instant cash advance loan is essentially a cash advance on money you have already earned. Think of it as getting your paycheck a little earlier. For instance, if you're paid every two weeks but have a small emergency in between, you may need your funds sooner. Many instant loan apps work with your employer or track your hours so that you can access your earnings as you accumulate them. This feature can be extremely helpful for individuals who are paid bi-weekly or monthly.

With a cash advance app, you link your bank account and get the $100 you need. The app then automatically withdraws the funds to repay the loan on your next payday. It's essential to ensure that you don't borrow more than you can afford to pay back on your next payday, as the penalties for non-payment can be high.

Payday Loan Apps

Payday loan apps should be your last option. Payday loans are typically for larger amounts and come with high fees. Unfortunately, these loans often lack transparency regarding the total cost, which can be misleading. For example, missing a payment can lead to additional penalties, and payday loan interest rates are usually astronomical. It's crucial to exercise caution and fully understand the terms and fees associated with payday loans before considering them.

Now that we've covered the different types of instant loans let's explore the pros and cons of instant loan apps.

Pros and Cons of Instant Loan Apps

Instant loan apps may seem like a great idea at first glance, especially if they don't charge any fees. However, like any personal finance decision, they come with benefits and drawbacks. Understanding these pros and cons can help you make an informed decision when you need a loan quickly.


  1. Speedy Cash: With instant loan apps, you can get cash fast, especially if you pay the instant transfer fee. Many apps pay you within hours or even the same day for an instant transfer fee. If you don't pay the fee, you usually receive your funds within three business days.
  2. Avoid Overdraft Fees: Instant loan apps can help you save money by avoiding expensive overdraft fees. Overdraft fees can add up quickly, and a same-day loan can help you avoid these costs. Additionally, some apps may not charge interest or fees on the loan itself.
  3. Easy Qualification: Cash advance apps are typically easy to qualify for and don't require a credit check. Instead, they look at your banking history and how well you manage your accounts. If you have a positive banking history, you're likely to be eligible for a loan.
  4. Single Payment: Unlike traditional loans, instant loan apps require you to pay back the loan in one payment with your next paycheck. This means you don't have to worry about monthly payments or paying interest over an extended period.


  1. High Fees: The fees for instant loan app transfers are usually high. Lenders typically charge $3 - $5 or even more to get money the same day. While these fees may not seem significant individually, they can add up quickly.
  2. Borrowing Trap: Instant loans require repayment on your next payday, which can lead to a borrowing trap if you constantly need to borrow more money. It's essential to evaluate your spending habits and ensure that you're not relying on loans to cover ongoing expenses.
  3. Scams: As with any app, there are scams associated with instant loan apps. It's crucial to be able to recognize and avoid scams, especially when sharing personal information like your bank account details.

Now that we've explored the pros and cons of instant loan apps, let's dive into the top 10 apps that offer instant loans of $100 or more.

1. Albert

Albert is an app that offers cash advances up to $250 when you're short on bills or emergency expenses. There are no fees or interest charges, and they don't perform credit checks. Albert primarily functions as a checking account with a debit card, allowing you to get an advance of up to $250. If you have a positive history of repaying your loans by payday, you can access up to three advances per pay period. To receive the funds the same day, you may incur a small fee, or you can wait two to three business days at no additional cost.

2. Chime

Chime is a fintech app that acts as a bank. To use their SpotMe service for fast cash, you need to have a Chime bank account, specifically a Spend account. Chime doesn't require a minimum balance or charge any fees. All checking account customers can use the SpotMe service, which provides instant cash when your account balance is low. However, to qualify, you need to have qualifying direct deposits of at least $200 and fill out an application. Chime doesn't charge for their SpotMe service, and you're initially limited to $20. With a positive repayment history, they may increase your limit to $100 or more. Chime offers hassle-free online banking with the convenience of instant loans.

3. Dave

Dave is another app that offers instant loans, allowing you to borrow up to $250 between paychecks. While there is a $1 monthly fee, Dave doesn't charge interest or hidden fees. Similar to other cash advance apps, there is a fee for instant loan transfers. Dave doesn't perform credit checks; instead, they analyze your banking and borrowing history. If you've used the Dave app before, they consider factors such as your average loan balance, borrowing frequency, and repayment history. To use Dave, your employer must direct deposit your paycheck into your Dave account, enabling automatic loan repayment. By sending your paycheck directly to the Dave app, you can access your funds up to two days early at no additional cost. For instant loan transfers, Dave charges $4.99, slightly higher than some other apps.

4. Earnin

Earnin is a popular paycheck advance app that provides early access to your earnings. It tracks your work hours through a timesheet or location tracking (with your permission) to calculate the funds you've earned. Once you accumulate money, Earnin allows you to access it with a payday advance. Initially, you can borrow up to $100 at a time and up to $500 per pay period. It may take up to three days to receive the funds in your checking account, but you have the option to pay for a Lightning Speed transfer to receive the money within hours. Earnin doesn't charge interest, but they offer a tipping feature, allowing users to provide a small fee or tip as a form of repayment.

5. Brigit

Brigit is a budgeting app that offers quick cash access when you need it. With a paid plan costing $9.99 per month, you can borrow up to $250. Brigit's instant cash loans are typically deposited into your bank account within hours if requested by 10 AM Eastern Time; otherwise, they will be available by the next day. Repayment terms are based on your pay frequency, and while you may be eligible to extend your due date, there are limitations on the number of extensions. Brigit allows you to extend your due date once for every two loans repaid on time. In addition to instant loans, Brigit helps you gain better control of your finances by identifying unnecessary expenses and opportunities for savings, reducing reliance on cash advance loans.

6. CashSpotUSA

CashSpotUSA is an instant cash advance app that offers loans starting at $100. You can receive money the same day, and the application process takes only a few minutes. However, it's important to note that CashSpotUSA doesn't fund the loans themselves. Instead, they act as a marketplace, connecting borrowers with lenders. After completing an application, lenders review your request, and if you qualify, they will provide you with an offer. Most lenders associated with the instant cash app don't perform credit checks or require extensive documentation. It's crucial to read the fine print and inquire about interest rates, fees, and repayment terms before accepting a loan from any lenders recommended by CashSpotUSA.

7. Empower.me

Empower.me offers cash advances of up to $250, with no interest or late fees. They don't perform credit checks and allow you to receive the money instantly on an Empower debit card or transfer it to an external bank account. To qualify for a loan, Empower reviews your bank account history, average direct deposit amounts, and general financial behavior to ensure you can repay the loan with your next paycheck. While Empower is free for the first 14 days, it costs $8 per month thereafter. In addition to cash advances, Empower helps you gain better control of your finances by identifying unnecessary expenses and providing insights on saving money, reducing reliance on cash advance loans.

8. PayActiv

PayActiv is an employer-based payday loan app that employers can offer as a benefit to their employees. The primary benefit is early access to your paycheck. By linking the app to your employer's time system, PayActiv knows your work hours and allows you to access up to 50% of your earned amount or a maximum of $500, whichever is less. If you set up direct deposit with PayActiv, you can access up to $1,000 at a time. You can choose to leave the funds untouched until payday or transfer them to your bank account or debit card. PayActiv doesn't charge a fee for direct deposit to their card, but there is a $1 fee for each transfer to a checking account. Regardless of the number of times you borrow money, there is a $5 maximum fee per pay period.

9. PockBox

PockBox is an excellent instant loan app for those seeking a $100 loan. If you find yourself in a bind and need $100 quickly, you can usually receive it within one business day. Unlike most money-borrowing apps, PockBox acts as a marketplace, connecting borrowers with lenders. After completing a brief application, multiple lenders review your profile, and if you qualify, they will reach out with loan offers. While most lenders on the instant cash app offer loans up to $2,500, you can also find cash advances as low as $100. PockBox doesn't charge a fee for their service, but lenders may charge fees. It's crucial to inquire about the total cost of the loan before accepting an offer.

10. MoneyLion

MoneyLion is a banking app that offers more than just banking services. With their checking account, you gain access to cash advances. Every user starts with a $25 cash advance, and with regular direct deposits, MoneyLion may automatically increase your limit to $50, $100, or even $250. It typically takes six to eight weeks of account ownership to reach the maximum threshold. Similar to other cash advance apps, MoneyLion doesn't perform credit checks and doesn't charge interest. When your due date arrives, they deduct the amount you owe directly from your balance. The due date is usually two weeks after borrowing the funds, depending on your pay schedule. MoneyLion offers flexibility in receiving the funds, allowing you to wait two to three business days for free or pay a small fee for instant transfer.

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In conclusion, instant loan apps can be a lifesaver when faced with unexpected expenses. These apps offer quick and convenient access to cash, allowing you to cover emergencies without the need for a traditional loan. However, it's important to weigh the pros and cons, consider the associated fees, and borrow responsibly. By choosing the right instant loan app that aligns with your needs and financial situation, you can navigate through financial emergencies with ease.

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