You surely don’t want to get into debt. However, some conditions may force you to be part of it. While the Solo Funds app is quite popular and great, do you know that there are apps like Solo Funds that could give you more options?
Traditional lenders are still the first place people would go in case they need financing. However, that option is not affordable for all people. Most of the time, an individual’s credit score makes the traditional way hard to follow.
In this article, you will find information about other apps like Solo Funds that may lend you money. Everything can be accessed from your smartphone, which is great and guarantees a speedy process.
Best Apps Like Solo Funds for iOS and Android
Do you know what Solo Funds is? This app offers services that allow users to request funds and loans. Thus, in case you have an emergency then you can ask for a cash advance from Solo Funds. Of course, terms and conditions apply – yet, this app is legit and has handled tons of transactions since 2018.
Depending on your point of view, using a peer-to-peer lending provider can be the best solution. As long as you pick the right one, Solo Funds and other similar apps could provide what you need without dealing with the hassle.
So, if you are looking for a provider that helps you with financial emergencies, here are several apps you should take a look at.
Are you looking for the best apps similar to Solo Funds? If so then MoneyLion is what you need. This app is available both on the Play Store and App Store. You should consider using this app, especially for low-interest loans that come in a simple process.
According to those who’ve been using this platform, MoneyLion allows you to borrow up to USD1,000. Later, you can pay it back within a year, at least. This platform may run a credit check in the first place. However, you can skip it if you are part of the membership.
Despite the good things, MoneyLion only offers small loans. Other than that, the system may reduce your paycheck to automatically repay your loan. Still, this app is a worth-considering one, especially if you need a loan without a credit check in the first place.
2. Happy Money
Today, there are quite a lot of options when it comes to a lend and borrow money app. One of those apps is called Happy Money. This platform was previously called Payoff but now you can find it under the name of Happy Money.
This platform provides services to take care of your credit card debts. By using this app, you can get a lower APR and instant credit. Other than that, you can build your credit by using this app. Lots of users love Happy Money for several reasons, such as:
- No penalty for late fees.
- You get financial tops from free newsletters.
- All report payments are recorded in three major credit bureaus.
- You can change the payment date.
- Also, you can send the payment directly to the investors.
However, even though you can set the autopay date, there is no rate discount or other special offers. Other than that, you cannot co-sign the loan.
Solo Fund is generally one of the apps like Klover that will grant you a loan. But what is Klover anyway? Is it legit?
Well, Klover is a cash advance app. As its name suggests, you can get your paycheck sooner than the payday. Thus, if you have a financial emergency, this app may get you covered.
Klover has been around for years. People love using this app because there are no hidden fees. Other than that, the money will arrive in your account in a matter of minutes – if you are part of the membership. However, if you use the free services, the money may come in two days.
More than anything, Klover is a perfect platform to consider, especially if you struggle with your credit score. However, you have to repay before the due date. Compared to other similar apps, this platform offers a relatively low credit limit.
Are you familiar with Vola Finance? Well, Hundy is one of the apps like Vola Finance, which also works like Solo Funds. Through this app, you can connect to investors. Whether you need money for groceries or rents, Hundy will help you to figure things out.
Lots of users prefer using this app compared to other apps on this list. Several reasons include:
- A straightforward UI design.
- There is no penalty for early repayment.
- Your loan plan comes with no penalty and no installment fee.
However, Hundy requires the borrowers to have a steady deposit on their accounts. Those deposits should come steadily, after all. Yet, this app is a worth-considering loan app. For now, Hundy is only available for iOS users.
Some people prefer using payday loan apps, which allow them to get a cash advance and pay it back soon. However, if you want to get a better amount with a longer period of paying back the loan then LendingClub is what you need.
This one is a p2p app that allows you to grow your business. Of course, this platform is a great consideration for those who don’t want to deal with traditional institutions. Other than providing loans, LendClub also manages credit cards, mortgages, personal loans, and student loans.
People love LendingClub due to various reasons, such as:
- You can sign a co-borrower for better options.
- There is no hard credit inquiry.
- LendingClub allows you to set the repayment from three to five years.
However, this app will run a credit check. Your score should be at least 600 to be granted the loan. Meanwhile, if it’s impossible, you can sign a co-borrower to increase your credit score.
Have you heard of Kiva? This app allows everyone to loan money via the internet. Whether you are an entrepreneur or a student, the Kiva app is always ready to help you with extra cash. For now, the service is available across 77 countries around the world.
Kiva will require you to share your personal story so that the lender may connect with you easily. The goal of this platform is to provide a safe environment that lends money for lots of users. And of course, you can access everything through the app.
Several things that make this app better than others include:
- There is no need to pay for origination fees.
- Kiva won’t run a credit check in the first place.
- The payment is highly flexible.
However, according to some users, Kiva only gives loans to small start-ups. Other than that, the application process takes longer than other apps on this list. Still, you should consider using this app instead of going to a bank or other traditional institutions.
Are you looking for the best p2p lending? If so then you should take a look at Prosper. This platform is an excellent choice for investors. Prosper offers a wide range of loan amounts even though your credit score is only as high as 640.
On the other hand, you can add a co-borrower to increase your credit score. Prosper also comes with a quick loan disbursement, which is not a popular feature on other similar platforms. Other than allowing you to apply for a loan, Prosper provides a series of tools to handle your financial condition.
Other things that make people love this peer to peer lending app is:
- The potential returns are great.
- The investment starts from USD25.
- Be sure to check your account because the funds come as soon as three days.
- No penalty for early repayment.
According to those who’ve been using this platform, Prosper will give you up to USD40,000 – terms and conditions apply. This is great news because you don’t need to deal with a high-interest rate.
If you have used Solo Funds and look for some similar apps, you may find LenMe as something familiar. By using this platform, you can borrow money without dealing with the hassle of getting loans from banks.
The cost is way lower than traditional banks because there is no maintaining staff, teaming up, and other fees that may occur due to extra services. Other than that, you don’t need to get through the complicated process of screenings and verification.
People love this app because:
- There are no hidden fees.
- You can borrow money with a relatively low interest rate.
- LenMe offers a wide range of loan limits.
- The minimum money you can borrow is USD50.
Even though some people consider that LenMe doesn’t provide clear information about cost and security, this app is worth a shot. Thus, if you are looking for a loan app that will grant you a loan instantly then LenMe is what you need.
The Zirtue app is one of the best peer-to-peer lending platforms you should consider. One thing that makes this app different from others is its ability to connect you with friends and family members. Later, you can ask them to lend you money through a platform.
Since this app is just a platform, there is no interest you need to pay – as long as the lender doesn’t require you to. Until today, Zirtue has partnered with several banks across the world. Thus, you can access the entire services through the app.
Also, your friend can send you money by using Zirtue directly, despite the bank. While there is no cost for the lenders, the borrowers have to pay for monthly fees. Still, you should consider using this app, especially if you prefer to ask your friends and family instead of other traditional banks.
10. Vola Finance
If you have been using Solo Funds then you may also be familiar with apps like Albert. Meanwhile, if all you need is a cash advance platform that allows you to lend extra cash then Vola Finance is a name you should consider.
As one of the cash advance platforms, this app guarantees instant cash even before your payday. All you need to do is to connect your bank account. Once the system approves, you can withdraw instant cash up to USD300 before your paycheck is coming.
Of course, there is no need to run a credit check. Other than that, you don’t need to deal with interest rates as well. You don’t need to let the money go straight to your bank account. In this case, you can request to access a virtual card from Vola. Just like other cards, this virtual card can be used for purchasing items.
There might be so many apps like Solo Funds for android out there. However, if you are looking for the one that provides crypto services then you should try Albert. This app is such a perfect platform for savings and investments.
Other than that, you can create a loan account on this platform as well. You can say that Albert is a perfect place to keep your financial accounts. Compared to other similar apps, Albert charges you low fees to enjoy all the services.
In case you want to start investing in something through this app, a human guide will give you advice that suits your investment style. Besides, there is no fee charged to you if you want to invest by using Albert.
If you are looking for which app gives real money without investment then you won’t find any. On the other hand, if you need a platform that supports you through investments then Albert is a perfect consideration.
Using a peer-to-peer lending platform is a solution for those who don’t want to go through screenings from traditional lenders. Of course, there will be a series of processes to follow. Yet, it will be worth a shot.
And that’s a wrap – make sure you pick one of the apps like Solo Funds mentioned above to help you. Before choosing one, you should check the pros and cons as well as be sure that it accommodates your needs in the first place.