Life is unpredictable, and you never know when you’ll need some extra cash. Can’t wait till payday? Here are five loan apps that are an absolute lifesaver.
Whether it’s credit card debt, mortgages, or student loans 81.5% of Millennials, 80.9% of Baby Boomers are in debt. It might be difficult to come out of debt and consolidate when you have many different types of loans floating around. If you’ve decided to take control of your debt, take a look at these loan apps that can help you out in minutes.
Get Your Money Fast! 5 Loan Apps You Need in Your Life
Read on to get started.
The Lending Tree app operates similar to an online marketplace. When you submit your request via Lending Tree, you will get offers from several lenders who submit a bid.
Once you get the full list of bids, you can select the quote that offers you the best rate.
The lending tree provides quotes for different types of loans such as unsecured personal loans, mortgages, business loans, auto loans, and more. You don’t have to pay a fee for using Lending Tree. They will receive a commission from the lender if you accept a quote.
The lending Tree app is free and available for Apple or Android phones.
Lending Club has been around since 2007 and it’s a peer to peer lender. It has been so successful that it has originated $33 billion in small personal loans.
Similar to these loan choices, you can request a no credit check loan, which will not have an impact on your credit report.
With the Lending Club app, you can request an unsecured fix rate loan of up to $40,000 which you can then pay off in 3 to 5 years.
The Payoff app makes it quite simple for people to obtain a loan within minutes. Once you enter your information, you can get approved for between $5,000 to $35,000.
Payoff offers great customer service, so you can live chat with an agent and discuss any questions you might have about the loan.
The Loan exchange app makes it easier than ever to get loan quotes straight to your phone. All you have to do is enter your basic information and Loan Exchange will generate different quotes.
You can take your time deciding which quote is right for you and it won’t affect your credit score.
You can borrow between $2,000 and $100,000 and once you accept the loan, the funds will be in your bank account in less than a day.
Similar to Lending Tree, Prosper is another peer to peer lender that has been around since 2005. With the Prosper app, you can qualify for a personal loan between $2,000 and $40,000.
The fixed interest rates range anywhere from 3 to 5 years and there are no penalties for paying early.
To determine your creditworthiness, Prosper will assign you to a rating system. Once you know your rating, you can determine how much you can borrow and your interest rate.
Try One of These Loan Apps
Now that you know which loan apps to use when you need extra cash, it’s time to get started. With most of these apps, you can fill out your application on your phone in a matter of seconds. Whether you want a peer to peer lending or an online marketplace, there is an app available for you.