You definitely don’t want to accumulate debt. However, some circumstances can compel you to take part in it. Although the Solo Funds app is fantastic and fairly well-liked, did you know that there are other applications that might provide you with more options?
People still turn to traditional lenders first if they want finance. However, not everyone can afford that choice. Most of the time, a person’s credit score makes it challenging to follow the conventional route.
You may learn more about other money-lending applications in this post besides Solo Funds. Your smartphone can access anything, which is fantastic and ensures a quick procedure.
Best Solo Funds-like Apps for iOS and Android
Are you familiar with Solo Funds? Users of this app can utilize its services to apply for loans and funding. Therefore, you can ask Solo Funds for a cash advance if you encounter an emergency. Although there are restrictions and conditions, this app is legitimate and has processed a lot of transactions since 2018.
Using a peer-to-peer lending company may be the best option depending on your viewpoint. Solo Funds and other such applications may be able to provide you what you need without the trouble, provided you choose the appropriate one.
So, here are a few applications you should check at if you’re seeking for a service that assists you with financial difficulties.
1. MoneyLion
Are the top Solo Funds alternatives on your list? If so, MoneyLion is just what you require. Both the Play Store and the App Store both have this app. You should think about utilizing this app, especially for easy loans with cheap interest rates.
Users of this platform claim that MoneyLion enables borrowing of up to $1,000 USD. Later, you can at least repay it within a year. Initially, this platform could do a credit check. If you have membership, though, you can omit it.
Despite its advantages, MoneyLion only provides little loans. In addition, the system could deduct money from your salary to repay the debt. However, if you initially require a loan without a credit check, this program is one that you might think about.
2. Happy Money
A lend and borrow money app may be found nowadays in a wide variety of forms. The Happy Money app is one of such. This platform was formerly known as Payoff, but you can now find it online as Happy Money.
This website offers help for managing credit card debt. You may receive a fast credit decision and a cheaper APR by utilizing this app. In addition, you may use this software to improve your credit. Many people adore Happy Money for a variety of reasons, including:
- There is no fine for late fees.
- Free newsletters provide financial tips.
- Three main credit bureaus keep records of all report payments.
- The due date is modifiable.
- Additionally, you have the option of paying the investors directly.
The autopay date may be chosen, however there is no rate discount or any exclusive promotion. You cannot sign the loan as a co-signer other than that.
3. Klover
One of the applications like Klover that will provide you a loan is often Solo Fund. But what exactly is Klover? Is it genuine?
Klover is an app for financial advances. As its name implies, you may receive your salary before payday. So, if you have a financial emergency, this app could be able to help.
There has been Klover for a while. Because there are no additional costs, people like utilizing this software. If you are a member, the money will, aside from that, be in your account in a couple of minutes. But if you take use of the complimentary services, the money can appear in two days.
More than anything else, Klover is an excellent platform to take into account, especially if you have credit score issues. You must, however, pay back the loan before the deadline. This platform has a comparatively low credit limit when compared to other similar applications.
4. Hundy
Do you know what Vola Finance is? Well, Hundy is one of the applications that functions similarly to Solo Funds and Vola Finance. This software lets you communicate with investors. Whether you need money for rent or groceries, Hundy will assist you in making decisions.
Compared to the other applications on this list, this app is more popular with users. Here are a few of them:
- a simple user interface.
- Early repayment is not subject to any penalties.
- There are no penalties or monthly fees associated with your borrowing plan.
But Hundy demands that the borrowers maintain a consistent deposit in their accounts. After all, such installments ought to be made consistently. However, this app is one that you should think about using for a loan. Hundy is now only accessible to iOS users.
5. LendingClub
Payday loan applications, which let users acquire cash advances and quickly repay them, are preferred by certain people. However, LendingClub is what you require if you wish to receive a higher sum with a longer term for repaying the loan.
This p2p software enables you to expand your business. Of course, individuals who don’t want to engage with conventional institutions should give this platform serious thought. LendClub administers credit cards, mortgages, personal loans, student loans, in addition to making loans.
LendingClub is adored by people for a number of reasons, including
- If you want greater possibilities, you can sign a co-borrower.
- There isn’t a formal credit check.
- You may choose a payback period of three to five years with LendingClub.
But this application will do a credit check. In order to be approved for the loan, your score must be at least 600. If it’s not possible, you can sign a co-borrower to raise your credit score in the interim.
6. Kiva
Do you know about Kiva? Anyone may borrow money online using this software. The Kiva app is always prepared to provide you with extra income, whether you are a student or an entrepreneur. Currently, 77 nations across the world may access the program.
Your personal narrative must be shared with Kiva in order for the lender to relate to you. This platform’s objective is to offer a secure setting where many users may borrow money. Of course, the app gives you access to everything.
This app is superior than others in a number of ways, including:
- The payment of origination fees is not necessary.
- Initially, Kiva won’t do a credit check.
- Payment terms are quite flexible.
However, some users claim that Kiva exclusively lends money to fledgling businesses. The application procedure takes longer than other applications on this list aside from that. Nevertheless, you should think about using this app rather than visiting a bank or other conventional organizations.
7. Prosper
Do you want the greatest peer-to-peer lending? If so, you ought to look into Prosper. For investors, this site is a fantastic option. Despite the fact that Prosper only accepts credit scores up to 640, it provides a broad range of loan sizes.
On the other side, you may enhance your credit score by adding a co-borrower. In addition, Prosper offers speedy loan distribution, a characteristic that is uncommon on other platforms that are similar to it. Prosper offers a number of tools to manage your finances in addition to letting you apply for loans.
Other elements that users adore about this peer-to-peer lending program include:
- The potential gains are substantial.
- The first investment is $25 USD.
- Because the payments can arrive in as little as three days, be careful to check your account.
- There is no fee for early repayment.
Prosper will provide you up to USD40,000 – limits and limitations apply, according to users of this platform. The fact that you won’t have to cope with a hefty interest rate is wonderful news.
8. LenMe
LenMe could appear familiar if you’ve tried Solo Funds or searched for applications that are similar. You may borrow money using this site without having to deal with the inconvenience of applying for loans from banks.
Because there are no fees for teaming up, keeping employees, or other costs that can arise from additional services, the cost is far lower than that of typical banks. Other than that, you are exempt from going through the difficult screening and verification procedure.
This program is adored by users because
- There are no unstated costs.
- With a reasonably low interest rate, you can borrow money.
- LenMe has a variety of loan limitations available.
- The smallest amount you may borrow is $50 USD.
LenMe is worth a try even if some people think it doesn’t give clear information on cost and security. Therefore, LenMe is what you need if you’re seeking for a loan app that would provide you a loan fast.
9. Zirtue
One of the top peer-to-peer loan systems you should take into consideration is the Zirtue app. This app differs from others in part because it can help you get in touch with friends and family. Later, you may use a platform to ask people to lend you money.
As this app is only a platform, you are not required to pay interest until instructed to do so by the lender. Zirtue has collaborated with a number of banks globally up until this point. As a result, you may use the app to access all of the services.
In addition, your buddy can transfer you money without using a bank by utilizing Zirtue. While there is no cost to the lenders, there are monthly fees that the borrowers must pay. However, you should think about utilizing this app, particularly if you like asking your friends and relatives rather than other conventional banks.
10. Vola Finance
If you’ve been using Solo Funds, you might be familiar with Albert-type applications as well. In the interim, Vola Finance is a name you should take into consideration if all you want is a cash advance platform that enables you to lend more funds.
This program, one of the platforms for cash advances, promises immediate cash even before your payday. The only thing left to do is link your bank account. You may take up to $300 in quick cash if the system confirms it, before your next paycheck arrives.
Of course, a credit check is not necessary. You are not need to deal with interest rates in addition to that. You don’t have to allow the funds to deposit immediately into your bank account. You can ask Vola for access to a virtual card in this situation. This virtual card may be used to make purchases just like regular cards.