Tough times have been the issue why people borrow. With Dave, obtaining financial support for your loan and budget won’t be a problem. You plan for upcoming expenses by using loan apps like Dave. Borrowing is also one peculiar thing you can do on these apps. These applications are all about financial management and support.
Therefore, loan apps like Daves share almost the same features with Dave.
All You Need to Know About Loans Apps Like Dave
Loan apps like Dave only charge you a monthly subscription fee or a one time fee. Some do not charge at all. You do not have to worry about paying back a fixed and variable interest. Individuals can borrow up to a large minimum they need instantly.
Moreso, loan apps like Dave are majorly the best payday loan lenders.
Pros:
- No fixed interest rates, management and support fee
- Centers on financial management
- No credit checks to determine your creditworthiness
- You can borrow even if your credit score is not good.
4 Loan Apps Like Dave
| Loan Apps Like Dave | Standard Fee | Best For | Pros | Cons |
| MoneyLion | None | Used mainly for building credit score | A. There are no fees for standard delivery. B. Has a two-day-early paycheck. C. Customers can get up to a $250 loan. | A. A “Turbo Fees” is applied for an instant loan. B. Has no effect on credit scores. |
| Varo | $0 – $5 per month | Served best for all bank features | A. There are no fees attached on loans of $20 or less B. Has a two-day-early paycheck | A. Has a high fee percentage. B. Has a low cash advance limit. |
| Empower | $8 per month | Best used for cash back rewards | A. There’s no interest or fees attached. B. Has a two-day-early paycheck. C. You can get up to $250 in loan or cash advance. | A. Comes with a paid subscription service. B. Your account criteria decides the loan amount. |
| EarnIn | None | Used best for managing bank account | A. No fees applied. B. Has a two-day-early paycheck. C. You can get up to a $500 loan. | A. The bank fees can apply or extend to “Lightning Speed” payments. B. The loan app is only available to U.S. citizens. Kenyans can’t use it. |
Other Loan Apps Like Dave
We will jointly explore and discuss 6 other loan apps like Dave:
- Branch International
- Brigit
- Sofi
- Avant
- Speedy Cash
- ACE cash express
Branch International
They give users easy access to loans. Using the app, you can sign up for financial help, apply for loans and receive it within minutes. The app also helps you create a budget and access your earnings.
Brigit
This application is similar to Dave. It allows you to get up to $250 loans. You can budget and save on the app. With these you can get a clear view on your spending habits and keep track of the daily and monthly bills. Brigit gives a no-interest loan, flexible repayment and extension on advances.
Sofi
They offer many financial solutions to customers. The app gives you access to loan, trading of shares, stocks and cryptocurrencies. You are given a debit card which allows you to earn a reward when you spend on company’s brands.
Avant
You can use this loan app to borrow, see upcoming repayments and your payment history. Loan of up to $35,000 can be accessed. These loans can be processed within minutes.
Speedy Cash
Speedy cash is one of the lending loan apps like Dave that provided access to different types of loans. The application allows you to manage your payday, credit or extra cash on your existing loans. You can borrow a minimum of $50 to $26,000 on the app.
ACE Cash Express
They give you a loan, manage it and refine it in fast and flexible steps. You can use the app to make repayments, schedule recurring expenses and plan on payments.
How you can get loans from these loan apps like Dave
Getting loans from these applications are simple and very flexible. The steps are:
- Download the loans app
- Install the app on your smartphone
- Register on the app and supply other required personal information
- Apply for the loan limit available for your through the “Apply” tab
Read up on how Dave Loan App reviews and how it works.
Who needs loan apps like Dave
- Those with steady paycheck
- Individuals who wish to get out of financial crises. These apps will help you to plan and budget
- People who wants to assess their spending and borrowing habits
- customers who need quick cash to settle emergency expenses.
You can also get a loan from the powerhouse National Bank of Kenya.
Conclusion
Loan apps like Dave make it easier for consumers to manage finances and get support when they need it. Some pay you cash advances based on money you earn, offer loans without interest, rewards for using the app, and so on. Finally, you can use these applications for planning, budgeting and many other things.