Cash Advance Apps
MoneyLion Review
Cash-advance app with credit-builder loans and a checking account.
Cash advance
Up to $500 (Instacash, 0% APR)
Credit Builder Plus loan
Up to $1,000 at 5.99% – 29.99%
Membership fee
$19.99/mo for Credit Builder Plus
Instant transfer fee
$0.49 – $8.99
Funding speed
Instant with paid transfer; 1–5 days free
Overview
MoneyLion bundles three products: 0%-APR Instacash advances up to $500, a Credit Builder Plus installment loan, and a no-fee checking account. It's a good option for someone who wants a small advance plus a way to build credit without a security deposit, but the $19.99/month membership and instant-transfer fees can erode the value if you don't use the credit-builder product.
Pros
- Instacash advances charge 0% APR
- Credit-builder loan reports to all three bureaus
- Combines banking, advances, and investing in one app
- No mandatory tip on Instacash
Cons
- Credit Builder Plus requires a $19.99 monthly membership
- Instant transfer fees stack up if used frequently
- Advance limits start low and grow slowly
Eligibility & requirements
- Active checking account with regular direct deposits
- U.S. residence and government-issued ID
- 18+ years of age
Compare to other lenders
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Reviewed by the CashCompassPro editorial team. See our editorial guidelines and fact-checking policy. Browse all lender reviews.