According to a projection by the Federal Reserve in 2020, 35% of Americans would have trouble paying for an unexpected $400 bill. Instead of getting a high-interest payday loan, look at other lending apps and see how their rates and fees stack up. We've compiled a list of the top lending apps so you can quickly and easily select one that could work for you.

Earnin

We recommend Earnin because its "Cash Out" feature makes getting a portion of your salary possible before it is officially scheduled. Up to $750 of a customer's earnings can be advanced each pay period, and Earnin guarantees neither interest nor fees.

Earnin provides a low-cost alternative to high-interest payday loans and overdraft fees in emergencies. Overdraft protection tools are available on Earnin as well. Earnin notifies you when your balance drops below $100 and automatically lets you withdraw that amount or more.

Dave

Dave gives $500 in cash loans to help you avoid overdraft penalties or pay for unexpected costs. There is no interest included in the Dave app. On the other hand, he is joining fees of only one dollar.

Users are incentivized to tip on the site, although doing so is not required. Dave also provides his users with other resources, such as credit repair help, budgeting resources, and a database of chances to earn extra money through side hustles.

Brigit

Without a credit check, Brigit may lend you up to $250. Requesting a cash advance online may get you your money in as little as 20 minutes. Brigit can pick between a free plan and a Plus plan. Although the free program offers helpful advice, it does not give consumers access to cash advances.

The Plus plan is required for access to that function. Brigit's Plus plan has a $9.99 monthly cost and does not charge interest. Features such as $1 million in data theft insurance, planning tools, account balance notifications, and access to credit reports are available to members.

MoneyLion

Customers of MoneyLion may be eligible for a $250 cash advance with no interest or monthly fees through InstaCash, and no credit check is required. MoneyLion is an online financial service provider that provides several loan products and cash advances.

Users who sign up for MoneyLion can invest in cryptocurrencies, have access to automated investment accounts, apply for a loan to improve their credit score, and accrue debit card rewards.

SoFi

Personal loans are the only loan type available via SoFi. Personal loans from SoFi can range from $5,000 to $100,000, and approval and funding can happen in as little as one business day. Because the specific time it takes for funds to appear in your account will vary by a financial institution, please be patient.

When it comes to personal loans, SoFi does not have any hidden costs or penalties. Financial and professional counseling are two of the many services offered to members.

PayActiv

PayActiv provides early paycheck access, savings tools, and budgeting resources. Up to 50% of the customer's earned income might be sent to their account before payday. The funds may be deposited into a bank account, picked up in person at a Walmart location, or converted to Amazon cash.

The app also functions as a bill pay service. Accessing your "accessible" amount, prescription drug discounts, budget coaching, and other savings tools are accessible.

Even

Even qualified workers may get as much as half of their regular pay in advance. The budgeting features built into the Even app give users an in-depth look at their financial situation. With Even, users may designate a portion of each paycheck to go directly toward their savings targets. An employer's interest in their workers' savings accounts is entirely voluntary.

Branch

The Branch app allows workers to get up to half their pay in advance if they meet the requirements. Employees' credit histories won't be checked, and they won't have to pay anything.

Only employees of partner firms can use Branch's cash advance option. The branch coordinates with businesses to collect time and attendance records and deliver projections from workers.

Your Branch digital wallet will be credited when you request to pay using the app. If you use a regular deposit method, there will be no fee. But, for a bit of cost, you may select the quick deposit option if you want the funds within a matter of minutes.