# 3. MoneyLion
Perfect for: Those compensated an income via direct deposit looking for that loan as much as $500.
The MoneyLion software is much more than simply a cash loan choice. It includes a number of other banking solutions, including no-fee checking reports, loans and managed investing.
Cash loan restriction: $250 for 0% APR вЂњInstacashвЂќ advances, but people may take away a Credit Builder loan for approximately $500 for an APR at a fair 5.99% price.
Needs for advance: Users will need to have a MoneyLion bank account and stay compensated via direct deposit. The solution is available when youвЂ™ve gotten two deposits that are direct your account.
Price of advance: Either 0% or 5.99%, as noted above.
Payback terms: as soon as your paycheck is direct deposited, MoneyLion will subtract the total amount you had been advanced.
Non-payment: in the event your account does not have the money essential to protect your Instacash, MoneyLion will stay attempting to sweep your account indefinitely вЂ” which could lead to bank charges, such as overdraft costs. Continue reading “Most Readily Useful Cash Loan Apps: Payday Lender Alternatives”