15 Best Apps Like Possible Finance For Android and iOS 2022

During the pandemic, online lenders such as Possible Finance have been used by many people in the world. In 2021, data showed that 91 million Americans can’t access money when they need it. With the high number of cases in America, no wonder many people use these kinds of applications to solve their problems. But what is Possible Finance? And are there other apps like Possible Finance that can help lend money safely?

For those who never heard of this app, Possible Finance is an online leader that gives loans to people. It can lend people money up to $500 in one application. However, people must know that this is not a single payment product but an installment product. So, if you choose to lend money from this app, you’ll have to pay them by installment. Another great thing about this app is that it can help improve users’ credit value if they can pay the loan on time!

15 Best Loan Apps Like Possible Finance for Android and iOS

Despite the great function and benefits, many people still doubt the use and function of Possible Finance. Some people also say that the interest in this app is too high, therefore they prefer to search for other apps like Possible Finance. Now, for those looking for apps that work like Possible Finance and even better, here are some options to choose for:

1. Chime

Chime Mobile Banking

The first application on the list that works just like Possible Finance is Chime. Even though they don’t offer a big amount of loan, they can help cover over-limit spending, up to $200. With this limit, they help people from going overdraft. Then when they have the money, people can pay their loan back as soon as possible.

To use this app, people must first download and sign up for an online account. The process is easy and quick, so users should find no problem in this step. After you sign up, you’ll also receive a chime card that you can use just like a debit card. They also have credit-building solutions that will help you improve your credit scores in the feature! Overall, this app is just like an online bank but with many free fee services.

Despite the great service, there is no face-to-face support for this app. So, if you want to get help from this app, the only option is by online or phone. The app also applies a limit to some of its features, so people may not be able to use all their money at once. But overall, this app is a great help for those who need help managing their money safely and quickly!

Chime – Mobile Banking
Chime – Mobile Banking
Developer: Chime
Price: Free

2. Current

Current Modern Banking

One of the apps like Possible Finance that will make your financial life easier is Current. This app offers different kinds of services such as spending insights, savings to payment help up to $100. Just like Chime, with the limited overdraft, Current helps people from going overdraft which can be dangerous in the future. However, to enjoy all the features, people must deposit at least $500 per month.

Recently Current offers two kinds of personal accounts, a basic free account and a premium one that costs $ 4.99 per month. If you choose to use the premium account, you can enjoy features that are not available in the free account such as overdrafts up to $100 without any additional fee, gas gold removal, and earning points easily.

To open and use this app, first, make sure to download and install this app on your phone. Remember that there is no offline office, so people can only make an account online. Then people can start using the account just like their normal bank account.

Current: The Future of Banking
Current: The Future of Banking
Developer: Current
Price: Free

3. Brigit

Brigit Borrow Build Credit

If you’re looking for apps like Possible Finance but can also give you useful knowledge then download Brigit. This app doesn’t only provide people to withdraw up to $250 with no extra fees but it can also provide an impressive level of insights on how you spend your money. Therefore, you know when you spend your money and what you are using it for!

Another great thing about this app is that it can help you connect with users with job prospects. By seeing how much you spend each month, the app will help you find the best job that can fulfill your needs! So, what is better than a lending online app with a job prospect too?

For those who have never used this app before, don’t worry because they guarantee that your data will be safe! By using secure 256-bit encryption, your personal and banking data will be protected by the app. And not like other payday lenders, users don’t need to provide a social security number to sign up for the app.

Brigit: Borrow & Build Credit
Brigit: Borrow & Build Credit
Developer: Brigit
Price: Free
‎Brigit: Get $250 Cash Advance
‎Brigit: Get $250 Cash Advance

4. MoneyLion

MoneyLion Mobile Banking App

For those who need apps like Possible Finance with a bigger amount of loan or build up their credit, then you might want to consider MoneyLion. This app was developed to help support people with bad credit so they can come back better. When you sign up for the app, you will get financial products and services such as online banking services to credit-builder loans.

With this basic and free account, users are qualified to get a cash advance up to $250 with an APR of 0%. The requirement is easy, so almost anyone can apply for this loan. However, if you need a bigger amount of money, you can get up to $1,000 in the credit-builder loan. To get this amount, the management from the app will conduct a review of your financial history. When they have approved the loan, members will get immediate access to the money.

However, members must remember that the interest rates for this loan can reach up to 29.99 percent. If you happen to get the low rates, then there is no issue. However, if they charge you high rates, then you might want to reconsider the loan as it can be expensive in the end.

MoneyLion: Bank & Finance App
MoneyLion: Bank & Finance App
‎MoneyLion: Bank & Finance App
‎MoneyLion: Bank & Finance App

Also Read: Best Apps Like Albert

5. Payactiv

Payactiv

The next apps similar to Possible Finance on the list that can help you with your financial problems is Payactiv. However, compared to other apps, Payactiv doesn’t give loans as easily as other apps. One of the main reasons is that they are integrated with the user’s workplace. So, before a person can get a loan, the app will connect to the user’s workplace to see the employer’s payment, to determine their limit.

For some people, this might be a con of the app. However, the app made this requirement to make sure that the loans people apply for are in line with their salary and ability. If the app thinks that it is over a person’s ability, then they will reject the request.

As for the loan, the app can lend up to $500 to a member with a loan term weekly, fortnightly to monthly. The free charge is around $5, depending on your loan term. However, if you can pay it before payday, then the fee can be cheaper.

Payactiv
Payactiv
Developer: Payactiv
Price: Free
‎Payactiv
‎Payactiv
Developer: PayActiv Inc.
Price: Free

6. Cleo

Cleo

If you need some money but still want to stay on budget, then download Cleo to help you out. This app can provide cash advance up to $100 for a member. However, you’ll be charged an interest fee depending on how the process is done. For example, if you take the loan because you are overdraft, then there is no additional fee. However, you will need to pay it soon before the deadline.

To make sure that you don’t go over budget, the app also provides friendly tools to remind you what you have been spending your money for. So, in the beginning, don’t forget to put a limit first to know if you are on a budget or over. Then, every time you spend your money, the app will help categorize it into some categories such as goods, shopping, or holiday. With this tool, you can see where you spend most of your money in terms of weekly or monthly.

Cleo: Budgeting & Cash Advance
Cleo: Budgeting & Cash Advance
Developer: Cleo AI
Price: Free
‎Cleo: Get Up To $100 Spot
‎Cleo: Get Up To $100 Spot
Developer: Cleo AI Ltd
Price: Free

7. Branch

Branch No Wait Pay

One of the apps like Possible Finance that is aimed at working employees and gig workers is Branch. This app allows people to request an advance on their paycheck through a feature called Pay. With this feature, people can get a payday loan with a lower cost fee. There is no fee if you follow the rules of the application. However, there will be some fees when you need the money instantly.

To get the loan, workers must have an account or a debit card from a supported bank that works together with the app. Other than that, you will need to show two consecutive months of direct deposits into the app. Then, make sure you don’t have high spending activities in the recent months, so the app can approve your loan.

Those who want to apply for the app must also remember that the app is also only available for office workers only and not for remote workers. So, if you are a remote employee then you are not eligible to use this application.

Branch: No Wait Pay.
Branch: No Wait Pay.
Developer: Branch Messenger
Price: Free
‎Branch: No Wait Pay.
‎Branch: No Wait Pay.

8. Klover

Klover Pay Day Cash Advance

Another app that offers cash advances with low or even any fees is Klover. Even though it is still new in the market, Klover offers a quick and convenient way to get cash advances until their next payday. The interest is also free; however, the money will be sent 3 days later after it has been approved. As for those who need fast cash, you can get it there will be a fee that you will have to pay.

One of the great things about this app compared to other apps like Possible Finance is that it doesn’t use predatory lending practices. The app also doesn’t charge interest or hidden fees that will be charged to the lenders. Just put in how much you need and the total cost you’ll have to pay will be shown on the screen.

To use the app, people must first sign up and fill in some basic information. Then they must connect their checking account to the Klover app. Users will need to wait around 24-48 hours until the account is verified. After it is verified, users can then request a cash advance or boost.

Klover - Instant Cash Advance
Klover - Instant Cash Advance

9. Empower – Instant Cash Advance

Empower Instant Cash Advance

A useful app that can connect all your financial accounts but also lend you some money is Empower. This app can float you up to $250 just in a few days without any interest, late fees, or even any credit checks. Just apply one and pay it back when you get your next paycheck.

Other than just an instant cash advance provider, Empower is also an app that does pretty much everything! After you connect all your data into the app, you can start organizing your expenses, track your spending and set a budget for each category. Best of all, the features available are easy to use even if you are a beginner.

To use all the features above, users must pay around $8 per month. It is free for the first 14 days, however, if you want to continue using the app, then you’ll have to pay for the subscription cost.

10. Lenme

Lenme Investing and Borrowing

Compared to other apps like Possible Finance, Lenme is one of the apps that can lend people money in a larger amount. The app works with loans ranging up from $50 to $5,000 depending on how your financial track is. The more you lend, then the more rules and restrictions there will be.

The concept of this app is a bit different compared to other apps like Possible Finance. So, Lenme is not the lender of the money, but they manage the lending. They will be the one who helps and connects you with the traditional lenders. So, if one loaner rejects your request then maybe other lenders will approve it.

At the same time, with this app, people can be an investor and easily select investments that suit their level of risk. If you get an earning, you can withdraw the money without any fees or cost at all. For those who are new to the investment world, don’t worry as many guides will help you through the process.

‎Lenme: Investing and Borrowing
‎Lenme: Investing and Borrowing

11. FloatMe

FloatMe Manage Money Get Paid Early

If you’re one of those people that are worried about overdraft fees, then try using FloatMe. The app has a cash advance that will lend you money in a quick time without any credit checks. However, the amount of loan is quite small, especially if you compare it to other apps. The total value offered from the app is only around $50 only.

A great thing about the app is it also creates graphs that will help you allocate your income. This graph will then help recommend and allocate your income so that you can make some savings from your income. If you succeed, then it will also help your credit score in the future.

FloatMe: Get Paid Early
FloatMe: Get Paid Early
Developer: FloatMe
Price: Free
‎FloatMe: Instant Cash
‎FloatMe: Instant Cash
Developer: FloatMe
Price: Free

12. Kora Cash

Kora College Students Money Budget App

Another app that offers higher monetary value compared to other apps like Possible Finance is Kora Cash. Even though the amount is not as big as Lenme, with this app, people can lend up to $ 2,000. However as usual, the more value you lend, the more stringent criteria there will be. One of the main requirements for the loan is you must be at least attending or have graduated from college.

Another thing people should pay attention to when using this app is the APR from the loan. The APR is around 15-25%, depending on how much you loan. Even though it is not free of charge, the APR is still low compared to credit cards from banks.

13. CashNetUSA

CashNetUSA

The next app on the list that is ready to help people who need fast cash is CashNetUSA. To make sure the users can pay back to them, the app applies a credit check for their users. So, if you have relatively bad credits, then be prepared if they reject your request. On the other hand, if your credit history is not that bad, then you can get loans up to $300.

One of the great things about CashNetUSA is that they also provide financial education for their users. So, they also give in- depth education on how to manage their money and balance their finances so they can make a saving.

CashNetUSA
CashNetUSA
Price: Free
‎CashNetUSA
‎CashNetUSA
Price: Free

14. Dave

Dave Banking for humans

If you are short on money until your next paycheck, then try to use Dave Cash Advance. Just like other apps, this app also provides a cash advance that’s almost the same as Possible Advance. However, the amount offered by Dave is quite small or only around $200.

Even though the amount is quite small, what makes this app better than others is that it provides many useful features such as a freelancing hub. This feature will help connect you with other people so you can make money and cover up your debts!

Dave - Banking & Cash Advance
Dave - Banking & Cash Advance
Developer: Dave, Inc
Price: Free
‎Dave - Banking & Cash Advance
‎Dave - Banking & Cash Advance

15. Earnin

Earnin Get Cash Before Payday

One of the apps like Possible Finance that offers the same amount of withdrawal is Earnin. With this app, people can withdraw up to $500 against their paycheck, as many times as they want. To enjoy this feature, all you need to do is make sure to pay back the whole amount on time! If you succeed, not only can you withdraw more money but also have no interest in mandatory fees.

So, many apps like Possible Finance offer cash advances in a simple and quick process. Some can lend you up to $5,000 while others only offer $200. Whichever app you choose, make sure that you know your ability before making a cash advance. Also, make sure that you can pay off the debt without causing another debt or loan.

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