In this article on Naijaknowhow, I’ll be writing about some of the best apps like Possible Finance for smartphones. Need a quick loan or cash advance? Don’t worry, we all do at some point. But navigating the world of finance can be tricky, especially when dealing with banks.
Luckily, there are now apps like Possible Finance that can help you get the money you need fast. These apps offer various services to help manage your finances, but it’s important to choose one that’s right for you. Make sure you read the terms and conditions carefully and consider your current financial situation before choosing an app.
To help you make a decision, I’ve put together a list of the best apps like Possible Finance. Each one has its strengths and services, so take some time to check them out and see which one is the best fit for you. So, whether you need a little extra cash to tide you over or a larger loan for a big purchase, these apps are here to help. But use them sensibly.
List of the Best Apps Like Possible Finance for Android & iOS
1. Earnin
If you need an app that won’t charge you any extra fees, then you might want to give Earnin a try! Earnin is hands down the best option out there for anyone looking for a payday advance app with no fees at all! The app is pretty popular and offers some really handy features to help you better manage your finances.
Earnin is one of the best apps like Possible Finance out there, and what’s cool is that you can get your advance cash within just 30 minutes of requesting it! Plus, the transaction fee is totally up to you – you can choose to tip nothing or up to $14 for every $100 transfer.
And here’s the best part – the transfer is pretty much instant! It’s even faster than most of the other apps on this list. However, do keep in mind that to access all the features, you’ll need to make a $100 deposit in your account. Just make sure to check out the terms and conditions on the app before committing to it.
[appbox googleplay com.activehours] [appbox appstore id723815926]2. Avant Credit
Avant is a suitable app for those looking for larger loan amounts. Compared to similar apps in the market, Avant offers up to $35,000 to cover debt or emergency expenses. Its loan program allows repayment within 60 months, with the option to choose the repayment period.
However, users should consider the administration fees, late fees, and dishonored payment fees charged by the app. The APR can also fall in the double-digit range, which may be daunting for those unfamiliar with loan repayments. Thus, it’s important to understand the app’s terms and conditions before using it for financing needs.
Despite the potential costs, Avant remains an excellent loan app for those who can afford it. With a user-friendly interface and the option for larger loan amounts, it’s a great option to consider for those looking for online loan options.
[appbox googleplay com.avant.android.app] [appbox appstore id956960183]3. MoneyLion
MoneyLion is a popular app that provides payday advance loans with zero APR up to $250. It is an excellent option for those who need cash advances instantly. Unlike other lenders, MoneyLion does not conduct any credit checks, making it a preferred choice for people with poor credit scores. However, users have to repay the loan on time to avoid any interest charges.
Users can also build their credit scores through this app, but the terms and conditions are strict. MoneyLion allows its users to borrow up to $1,000 and repay it within 12 months. However, if users want to build their credit score, they have to pay an interest rate.
MoneyLion is a unique app that also enables users to monitor their credit scores regularly. By applying for the credit builder loan program, users can receive weekly updates based on their TransUnion credit reports. It is a great way to keep track of their credit score and make informed financial decisions.
[appbox googleplay com.moneylion] [appbox appstore id1064677082]4. Affirm
Affirm, an app that claims to be the best for online shopping offers an excellent option for those in need. It works like a credit card but eliminates the hassle associated with credit cards. With Affirm, you can get up to $17,500, depending on your purchase and credit score, and there is no late fee charged.
One of the perks of using Affirm is its flexibility. You can repay your loan in three to twelve months, making it an attractive option for various needs. Some retailers even offer zero percent APR, but only to specific users. With a down payment, you can easily get a cash advance without the burden of a credit card.
So for those who prefer the buy-now-pay-later lifestyle but don’t want to deal with the hassle of credit cards, Affirm is an excellent alternative. It offers a simple process, making it an excellent choice for a cash advance app. If you’re looking for a reliable and flexible option for your financial needs, Affirm may be the app for you.
[appbox googleplay com.affirm.central] [appbox appstore id967040652]5. Empower
Empower is a free instant cash advance app that offers excellent service and quick cash advances of up to $250. Moreover, the platform may issue a prepaid card that you can use like a credit card, with the added benefit of receiving up to 10% cashback for eligible transactions.
The card also functions as a debit card, allowing you to withdraw cash from over 37,000 ATMs across the country. Plus, you can receive your paycheck two days earlier as a cardholder. If you are interested in Empower’s services, you can enjoy a 14-day free trial before deciding on a paid subscription of $8 per month.
So for those looking for instant cash advances, prepaid card options, and early paycheck access, Empower is a convenient and accessible option. With a free trial available and a reasonable monthly subscription fee, it’s worth considering as a financial management tool.
6. Chime
Chime is an excellent financial services app, comparable to Possible Finance. Although Chime offers a smaller loan amount, it is still a helpful resource. The app provides up to $200, which users can repay at their convenience. To use the service, you must first create an account within the app and deposit $200.
One of the app’s best features is the ability to make your account negative up to a specific amount, with the first limit set at $20 and a maximum limit of $200, based on your account activity. Chime does not charge any extra fees, and tipping is optional.
The app is ideal for those who want to avoid overdraft fees. However, it is essential to read the terms of service carefully. While the loan amount may be smaller than other apps, the lack of additional fees and the ability to make your account negative up to a specific amount makes it a useful tool for managing your finances.
[appbox googleplay com.onedebit.chime] [appbox appstore id836215269]Conclusion
After learning about these apps like Possible Finance listed above, you can choose from payday advances, pay-later platforms, or even larger loans to address your debt. Provided that you understand the T&Cs and the repayment process, and are confident in your ability to repay on time, using any of the aforementioned apps is a wise decision.
