5 Best Loan Apps in the US | Trusted Financial Tools in 2022

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Smriti Razdan
Smriti Razdan
Smriti started her journey by attaining a degree in computer applications. She loves to indulge in reading undiscovered stories only to draw profound explanations about life and its existence. She welcomes you aboard on her expedition of finding herself. Smriti writes her content with a smile on her face hoping to transcend it to her readers.

If you’re always tight on your budget and constantly think about taking out loans, it’s better to research the market to figure out which loan apps are reliable. We’ve tried to lift some weight off your shoulders by providing the Best Loan Apps in the US in 2022.

With the traditional banking system, there’s always a risk of getting your request declined because of a lot of strict requirements. But, with the dawn of the online banking system, there is some relaxation in that eligibility window such as a great credit score, etc.

Getting cash in between your paychecks without any hidden fees is the new and modern online banking mantra. And the top loan apps like Earnin, Dave, etc. fulfill your quick fix for your need for money. These best loan apps in the US let you borrow a fraction of your next paycheck before you receive it in case of emergencies and other needs.

With so many loan apps in the market, it can get frustrating to choose the one that’s best for you. However, we’ve filtered to five top trusted loan apps to use in the US. These apps will not only give you that instant cashout but also helps you to manage your finances. 

5 Best Loan Apps in the US in 2022

With features like the Budgeting tool and Credit Monitoring, you can be rest assured to save and cut down on unnecessary expenditure to improve your financial health. Without further ado, let’s check out the top trusted loan apps in the US

1. Earnin: Get Cash Before Payday

Top Trusted Loan Apps to Use in the US: Earnin

Earnin is one of the most popular loan apps in the US. With Earnin, you get access to your payment whenever you want. There are no hidden fees, no interest, and no credit check which is the reason why it’s trusted by over 1 million members. Head on over to Earnin and make any day your payday.

You can access up to $500 per paycheck. The only thing to do is to connect your bank account to Earnin for direct deposits. Some of the partnered banks Earnin works with include Bank of America, Wells Fargo, TD Bank, Navy Federal Credit Union, PNC Bank, and more.

Features of Earnin: Get Cash Before Payday

  • Up to $100 in Cashout

You can cash out up to $100 of your paycheck per day before payday hits. On payday, your account will be debited for the money you cashed out, in addition to any voluntary tips.

  • WeWin 

On Earnin, saving can earn you money. You get a chance to win weekly cash prizes up to $10 million, just by saving!

  • Lightning Speed Cashouts 

Skip the wait with faster and smoother cashouts! Just connect your card to Earnin and access your money in an instant with no extra charge. 

  • Balance Shield 

Get notified when your bank balance is getting low with Balance Shield.

  • Financial Calendar 

With Earnin, now you can budget smarter. The in-built Earnin Financial Calendar lets you know when your recurring payments are coming up, well in advance.

Also, read 7 Best Instant Loan Apps in the US 2022 | Cashout $50-$500 Immediately

2. Dave – Banking & Cash Advance

Top Trusted Loan Apps to Use in the US: Dave

Dave is a financial tool that aims at improving your financial health. Dave is a platform that acts as your banking buddy with no hidden fees. The financial companion platform has over 10 million members which make it one of the best loan apps in the US. 

With Dave, you don’t have to worry about additional charges as there are no overdraft fees, no minimum balance fees, and no ATM fees across 32,000 MoneyPass ATMs. Nearly $200 million have been saved in overdraft fees by its customers. So what are you waiting for? Sign up on Dave and start balancing your budget to build a better financial future. 

Features of Dave – Banking & Cash Advance 

  • Get Advance up to $200

You can get advances up to $200 if you’re a member of Dave Banking. And $100 if you’re a regular customer. Easy and faster communication between banks helps you to access money in times of emergency. 

  • Get Paid Early

With Dave, you can receive your paycheck up to 2 days earlier. You can even deposit paychecks, unemployment benefits, and tax returns directly into Dave Banking account. 

  • Build Credit

Just by paying your rent and utilities on time, you can build your credit history, made possible due to the partnership with LevelCredit. This is a $100/year service that Dave Banking members get free access to.

  • Budgeting Tool 

Dave’s intuitive budgeting and planning tools help you to organize your upcoming and recurring expenses including rent, utilities, trips to local shops, and even your favorite restaurants.

  • Find a Side Job

Want to earn extra money? Dave has got you covered. Now, you can even apply for dozens of side jobs that fit your lifestyle, on the app itself.

3. Brigit: Get $250 Cash Advance

Top Trusted Loan Apps to Use in the US: Brigit

Brigit is a tool to assist you in building a brighter financial future. Brigit promotes sustainable financial health by helping you spend wisely, avoid unfair fees, and start saving more to reduce financial stress.

There are some inevitable times when you may need financial help in between your paychecks. With Brigit, you can easily manage your expenses to make ends meet by accessing cash whenever needed. Let’s understand why over 1 million members continue to use this one of the best loan apps in the US in 2022.

Features of Brigit: Get $250 Cash Advance

  • Easy Sign up & Fast Money Access. 

Signing up for a Brigit account is easy. Just connect your bank account to Brigit and start using the Instant Cash service to get up to $250 whenever needed. Brigit works with a variety of banks like Bank of America, Wells Fargo, TD Bank, and thousands more. 

  • Free and Paid Plans

Brigit offers two monitoring plans – Basic and Plus. The basic account monitoring plan is free to use while the Plus plan provides you with extra financial tools to help you budget at only $9.99/month.

  • Auto Advances 

Get cash instantly and automatically with Brigit’s Auto Advance feature. Now you don’t have to worry whenever your balance is running low. 

  • Save hundreds in Overdraft Fees

Overdraft fees are expensive and annoying, and that’s why Brigit helps you save your hard-earned money by cutting hundreds in overdraft fees. With Brigit, there are no interests, no hidden fees, and no late penalties so you can earn and start saving for a better future.

  • Credit Protect & Security 

With Brigit, you can monitor and manage your credit score and check your full credit report. Brigit also provides an option to protect yourself with up to $1 million in identity theft coverage. 

  • Balance & Bill Alerts 

Brigit keeps you on top of your spending by notifying you if your balance changes and if there is a pending or an upcoming bill.

4. MoneyLion: Mobile Banking

Top Trusted Loan Apps to Use in the US: MoneyLion

MoneyLion is a platform that helps you gain control over your chaotic financial life. With over 7.5 million downloads, MoneyLion takes the spot as one of the best loan apps in the US region.

MoneyLion offers many tools like cash advances, auto investing, and more to better manage your account’s financial health with ease, in the palm of your hand. MoneyLion has been recognized among ‘Top 50 Most Innovative Fintech Companies In 2020’ by Forbes and the ‘2019 Best Digital Bank’ by Finovate.

Features of MoneyLion: Mobile Banking

  • Personalized Financial Advice

With MoneyLion, all you have to do is set up your profile by linking your financial account to MoneyLink. And then the app uses its sophisticated AI to deliver personalized financial advice and alerts. With MoneyLion, you can cut down on your unnecessary expenses like overpaying for subscriptions and banking fees, etc.

  • Budgeting Tool

MoneyLion’s Budgeting tool can help you look for categories where you might be overspending and could cut back in order to save for a sustainable financial health.

  • Advance Cash

With MoneyLion, you get access to extra cash with 0% interest. Using the Instacash feature, cash out advances up to $250 anytime you want instantly, with no credit check and no monthly fee or interest. 

  • Credit Building and Monitoring 

MoneyLion offers a Credit Builder Plus membership, with which you can receive loans up to $1,000. There is even a monitoring feature that lets you carry out 24/7 credit monitoring along with insights on your credit age and utilization.

  • Financial Tracking 

With the Financial Heartbeat feature, MoneyLion lets you track your finances in order to monitor key factors like income, credit, etc. using 5 major parts – Spend, Save, Shield, Score, and Strive. This feature sums up the 5 parts to produce a simple score ranging from 1-10 to make the process easier and more fun.

5. Chime – Mobile Banking

Top Trusted Loan Apps to Use in the US: Chime

Chime is a banking platform that helps you to track your account balances, daily transactions, and savings from anywhere with its mobile app. Chime’s mobile app assists you in managing all of your online banking on the move. 

Chime comes with a simple and intuitive design in addition to growing your savings by offering one of the best user experiences. With over 135K five-star ratings and reviews in app stores, Chime is indeed one of the most trustworthy loan apps in the US.

Features of Chime – Mobile Banking

  • Early Direct Deposit

You don’t have to wait in between your paychecks anymore. With Chime get your paycheck early with direct deposit. Join Chime and start getting paid early!

  • SpotMe 

SpotMe is fee-free overdraft protection. When left with a low spending balance, Chime will spot you up to $200 on your debit card purchases with your next direct deposit repaying Chime for the amount it spotted you.

  • No Hidden Fees

With Chime, say goodbye to hidden fees with its no overdraft fees, no minimum balance fees, no monthly fees, and no foreign transaction fees policies. You also get fee-free access to over 38,000 MoneyPass and Visa Plus Alliance ATMs whenever in need of cash.

  • Savings

With a Chime card, you can build your savings every time you make a purchase. This saving feature automatically rounds up transactions to their nearest dollar and transfers the roundup amount in your savings account app to make it instantly accessible if need be.

  • Pay Friends

Pay Friends is an in-built payment feature that enables you to instantly transfer money to your friends, family, or roommates provided they have an open Chime Spending Account. With the Chime app, you can also pay using your friend’s phone number or email address.

Wrapping Up

This concludes our list of the top trusted loan apps in the US. All of these apps are secured and trusted by millions of people across the United States. But make sure to check out any terms and services as it is in regards to your hard-earned money. Comment down below if you’ve ever heard about any of these apps from your family or friends before.


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