Maybe it’s a few days until your next paycheck and you need a bit of money to hold you over until you get paid. Or, maybe you need a quick $50 to pay off your phone bill this month.
Whatever the case, money can be tight sometimes for a variety of reasons. But the last thing you want to do is turn to expensive loan options or a high-interest credit card.
So in this post, I’m covering some of the best $50 instant loan apps you can use to get 50 bucks fast.
Let’s get to it!
The Best $50 Loan Instant Apps
I’ve covered ways to make $50 a day on This Online World before, and I think there are plenty of side hustles out there you can use to make extra cash.
But sometimes, emergencies call for immediate cash. That’s where these $50 instant cash advance apps can come in handy.
The best part is these apps don’t charge interest or require credit checks either, making them a more reliable short-term borrowing solution.
Earnin is one of the most popular $50 instant loan apps, and it lets you borrow up to $500 per paycheck period to help hold you over. There’s no credit check requirement, and you don’t pay fees either which is why this app is a leader in the space.
There’s a $100 per day limit, but this covers your $50 loan quite easily. And you can also use Earnin Express to get your entire paycheck two days early.
I also like Earnin since it has a Balance Shield feature, which notifies you when your balance is low so you can make sure you don’t pay overdraft fees.
To make money, Earnin relies on tips from users, but you don’t have to tip to borrow. Overall, the lack of fees and simplicity of the app make Earnin number one on our list.
Another option to borrow $50 instantly is to use Albert, a FinTech app that has lending, banking, and investing features.
With the Albert app, you can get your paycheck up to two days early to help you if you’re in a tight spot. Plus, you can get up to $250 in fee-free cash advances without needing a credit check!
The lack of interest payments, a credit check, and late payment fees is what makes Albert great. Plus, you can start investing with just $1 with its investing option to put your money to work.
I like Albert since it also has some nifty savings tools to encourage you to build an emergency fund. You can also earn up to 0.25% APY so your savings still earn something.
Just note that you have to subscribe to Albert Genius if you want to invest money and use its savings tools. This plan costs between $6 to $16 per month, and you choose how much to pay.
Pro Tip: Right now, you get $150 for free when you sign up, receive a qualifying direct deposit, and use your Albert debit card.
Brigit is another popular option if you’re looking for a $50 instant loan app, and the app is backed by some famous figures like Ashton Kutcher and Kevin Durant.
But Brigit is more than just some app with famous backers. For starters, it lets you borrow up to $250 as a cash advance instantly without a credit check or paying interest.
What’s great about Brigit is that it can also help you build your credit score while you save with its Credit Builder program.
Plus, Brigit also has some nifty tools to help you budget and analyze your spending habits. And there’s even a side hustle section of the app that helps you find various gig jobs to increase your monthly income.
Overall, Brigit is one of the more comprehensive apps that loan you $50 or more, and I love the fact it includes side hustles as well.
The free Brigit plan includes budgeting tools and financial alerts. Brigit Plus costs $9.99 per month and lets you borrow cash and build your credit.
4. Reddit r/Borrow
But did you know another option to borrow 50 dollars instantly is to borrow the money from your fellow Redditors?
With r/Borrow, you can ask for peer-to-peer loans from other Reddit users. As a borrower, you post how much you need, how much you’re willing to repay in interest, and your payment date.
You need at least 1,000 karma and an account that’s 90 days old or older to request money. And the entire subreddit uses a trust-based system, and borrowers with good track records of repayments are more likely to receive funds.
It’s not a guaranteed source of quick money or a $50 instant loan app, but it’s another option you can try out that doesn’t require a credit check!
Out of all the $50 dollar instant loan apps, Dave has the highest cash advance limit. This app lets you borrow up to $500 instantly, which can help cover larger expenses like your car breaking down or paying rent tomorrow.
You also slowly build your credit score as you repay the money you borrowed. And Dave only charges a $1 monthly membership for its services.
Just note that you pay small express fees if you want cash advances instantly; otherwise, you have to wait a day or two for money to deposit.
I think $50 cash advance apps are better when they include side hustle resources so you can find multiple ways to make money in a pinch, but that’s just me!
Another option you can use to get $50 instantly is to use Chime.
This FinTech company is known for its high-yield savings account and lack of banking fees. But it also has a feature called SpotMe that can spot you up to $200 if you’re in a pinch.
Like other $50 instant loan apps, you don’t pay interest or go through a credit check to use SpotMe. How much you can borrow depends on your account history and payment history since you’re getting a cash advance.
Chime also has a useful credit building tool similar to Brigit, so there’s opportunities to improve your finances there as well.
The lack of account fees is really the main selling point of Chime alongside its SpotMe feature. If you’re currently paying banking fees and are tired of that, you can definitely consider switching to Chime.
If you’re still looking for $50 loan instant apps to try out, another option you can try is Cleo, an AI-powered budgeting assistant.
I’ve actually used Cleo in the past, and the app is known for its sarcastic budgeting bot that pokes fun at you if you’re not saving enough money.
But Cleo also has a range of other features, like a credit builder, automatic savings tools, and a feature called Spot Me.
With Cleo’s Spot Me, you can get up to $100 from Cleo without interest or credit checks. First-time users generally qualify for $20 to $70, and you can unlock $100 after paying back a Spot Me.
Eligibility depends on several factors like previous paycheck history. And note that Cleo Plus costs $5.99 per month.
One final app you can borrow $50 with is MoneyLion, a newer mobile banking app with a host of features.
With MoneyLion, you can open its fee-free checking account called RoarMoney and get your paycheck up to two days in advance. You also get free ATM withdrawals at 50,000+ ATMs, and you can even round-up purchases to automatically save more money.
Plus, with its InstantCash feature, MoneyLion lets you borrow up to $250 without interest fees or a credit check.
You start at a $50 cash advance limit, but as your account gains more history and payments, you can increase your limit.
MoneyLion also lets you invest in different portfolios that match your goals and risk tolerance. It’s a similar concept to apps like Acorns, and it’s nice that the app has features for building wealth, saving, and borrowing.
Other Alternatives To $50 Loan Apps
Now that I’ve covered some of the best $50 instant loan apps, here are a few more ideas for how you can get this amount of money in a short time period.
1. Your Emergency Fund
Financial advisors often recommend building an emergency fund that can cover at least three to six months of living expenses.
Of course, if you’re looking for $50 instant loan apps, you might not have an emergency fund laying around and that’s okay.
However, building an emergency fund should be a goal if you don’t have one. This is your rainy day fund for when life throws emergencies at you, and it helps prevent the need to borrow in the first place.
Even if you start out by putting a bit of money aside from paychecks into a high-yield savings account, building your fund slowly is better than having no fund at all.
2. Get-Paid-To Websites
Some reputable and popular websites you can use include:
- Branded Surveys: Lets you cash out with PayPal money and a variety of free gift cards.
- Survey Junkie: Another leading survey site that has PayPal rewards and plenty of gift card options.
- Pinecone Research: Pays you $3 for every short survey you complete.
- Grindabuck: A popular GPT site that pays you to play games, answer surveys, watch ads, and more.
Beermoney sites like these can’t replace your day job or make you rich. But they do work for making some extra money on the side, and you can probably earn $50 over the course of a few days.
3. Gig Economy Apps
These gigs can make $50 in a couple of hours of work, and options like DoorDash even let you deliver via bike, car, or scooter, so it’s very flexible.
As you can see in the video above from DoorDash driver Nuggs, he was able to make $50 with DoorDash in just a few hours of deliveries, so this is quite realistic.
You can also use free apps like Steady to find a variety of side hustles and jobs in your area to get started!
4. Friends & Family
If you need a quick $50, I think this is the sort of money you might be able to ask friends or family for. Of course, you need to be comfortable with this, and you know your social circle better than I do.
But this method is often fast, free, and for a smaller amount like $50 it might not be too big of an ask.
5. Sell Stuff You Own
One final alternative to $50 cash advance apps you can use is to just sell stuff you own for some quick money.
I’ve done this before by selling clothing, guitars, and furniture to people in my city back in college on the Facebook Marketplace. And this is an effective way to find some local buyers in short notice.
As for what you can sell, some popular pieces that tend to sell quickly include:
- Electronics (TVs, headphones, tablets, smartphones, etc)
- Home goods
- Video games
If you can’t find local buyers, you can also consider pawning stuff instead at your local pawn shop. This works well for jewelry and high-value items, but be prepared to negotiate a bit.
What To Consider Before Using $50 Loan Apps
I just wanted to make a few quick notes before wrapping up this post on the best ways to borrow 50 dollars.
The first is that I’m not a financial advisor, and you should always speak to a professional if you have questions about your unique financial situation.
Secondly, always research and double-check the terms and conditions of any cash advance app you use. Look for hidden fees, interest rates, or anything that might impact your credit.
I think apps like Earnin, Albert, and other $50 loan apps are a viable solution to get money when you’re in a pinch. But if you can build up your emergency fund and avoid borrowing, that’s the better long-term solution.
I hope this list of the best 50 dollar loan apps that don’t need a credit check helps you if you’re in a bit of a financial pickle.
Again, I prefer side hustling and online money-making ideas over borrowing. And I can’t stress the importance of building up an emergency fund enough.
However, these apps can be better than turning to your credit card, and they can also help you avoid overdraft fees.
Hopefully, one of the apps in this list is exactly what you’re looking for!
Looking for other quick money-making ideas? Checkout:
Tom is a full-time blogger and freelance writer with a passion for side hustling, passive income, and the gig economy. His work has appeared on dozens of personal finance websites like Money Crashers, The College Investor, Investor Junkie, and more. This Online World is all about providing people with honest ways to make and save more money by using technology. To learn more about Tom, read his About Page!
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