MoneyLion is an app that allows you to borrow up to $500 at a 6% APR (this is not a typo) through their “Plus” service. MoneyLion also allows you to better manage your financial health by providing many services such as a financial planner and a credit builder.
How to get access to MoneyLion $500 loans? Download the app (on iOS or Android), and sign up. The free version will only allow you to take advantage of the financial planner and the credit builder while the Plus service (in which you get access to loans) costs $30/ month but you get $1 back per day as as long as you log into the app. So it is free if you log in every day.
The Plus version also requires from you to put $50 aside every month into a virtual saving account where you will earn interest!
MoneyLion is one of the most known financial app in the market with almost 2 millions users. It is backed by top-tier investors and we highly recommend you to use it instead of RainyDay.