If you’re looking for a reliable money app that helps you cover expenses, build credit, and manage your finances, the MoneyLion app is worth considering. With over 10 million users, MoneyLion combines mobile banking, instant cash advances, personal loan offers, and cashback rewards—all designed to make better money decisions easier.
In this article, we’ll break down the key features of the MoneyLion loan app, how it compares to competitors, and why it might be a smart choice for your financial needs.
1. Banking with RoarMoney℠ – Get Paid Up to 2 Days Early
Tired of waiting for payday? With RoarMoney℠ direct deposit, you can access your paycheck up to 2 days early². This feature is especially helpful if you live paycheck-to-paycheck or want more flexibility with your budget.
RoarMoney also comes with Round Ups³, which lets you invest spare change automatically—turning everyday spending into long-term savings.
2. Cash Advances with Instacash® – Up to $500¹
One of the most popular features of MoneyLion is Instacash®, which allows you to get up to $500 of your paycheck early with:
- 0% APR (no interest)
- No credit check
- No mandatory fees
If you need funds faster, you can pay an optional Turbo Fee for instant transfers. Otherwise, the advance is free—making it a strong alternative to payday loans.
3. Personal Loan Offers on the MoneyLion Marketplace⁵
Need more than a cash advance? The MoneyLion Marketplace connects you with personal loan offers from trusted partners. Loan amounts can range from $1,000 to $50,000 with terms between 12 and 84 months, and APRs starting at 5.99%.
For example:
A $10,000 loan with a 60-month term at 16.21% APR would have a monthly payment of $244.30. While not everyone will qualify for the lowest rates, the marketplace makes it easy to compare offers in one place.
4. Credit Builder Loan – Improve Your Credit Score⁶
If you’re trying to build or repair your credit, MoneyLion offers Credit Builder Loans up to $1,000. Unlike traditional loans, these come with:
- No hard credit check
- Credit reporting to all 3 bureaus (Experian, Equifax, TransUnion)
- Rewards for on-time payments
This makes it a safe way to boost your credit score while also saving money.
5. Cashback & Rewards – MoneyLion WOW⁷
With MoneyLion WOW Rewards, you can earn cashback on daily spending and even bigger perks on financial products. Additional benefits include:
- Cell phone protection
- Travel coverage
- Exclusive partner discounts
This makes the app not just a banking tool, but also a rewards hub.
6. MoneyLion vs. Other Loan Apps
MoneyLion sets itself apart by offering banking, cash advances, personal loans, and credit-building in one app. Unlike competitors like Dave, Chime, Earnin, Albert, or Brigit, MoneyLion offers a broader mix of services, including credit reporting and investment features.
Final Thoughts: Is MoneyLion Worth It?
The MoneyLion loan app is a strong option if you want:
✔ Fast cash advances with no interest
✔ Early paycheck access through RoarMoney
✔ Loan offers from multiple lenders in one place
✔ Tools to build credit and earn cashback
Whether you need a quick cash boost or want to take control of your financial future, MoneyLion is an all-in-one app that helps you bank smarter, borrow responsibly, and get rewarded.
👉 Download the MoneyLion app today and start making better money decisions.