Are you tired of high fees and looking for better alternative loans to Cash Central? While Cash Central loan provides quick payday and installment loans, its fees can be steep, leading to APRs over 700%. If you’re seeking more affordable loan options, consider cash advance apps.
These cash advance apps offer interest-free loans and may provide free payment extensions, saving you from costly loan renewals. With no credit checks, they present a budget-friendly way to access cash during emergencies. Plus, some apps offer same-day funding for a minimal fee.
Say goodbye to hefty fees and explore these alternatives for a more innovative and cost-effective approach to managing your short-term financial needs. So, let’s explore the most popular loans like Cash Central.
Best Popular Loans Like Cash Central
Searching for alternative loan options similar to Cash Central? Explore various popular lending choices that cater to various financial needs and preferences. From online lenders to banking apps, let’s discover viable options for the best popular loans like Cash Central.
- Beem
- Cleo
- Avant
- MoneyMutual
- Upgrade
- Albert
- 24/7 Lending Group
- LendUp
- Brigit
- Stilt
- CashUsa. com
- MoneyLion
- SmartAdvances. com
- Chime
- Possible Finance
1. Beem
Beem, the quick and versatile wallet app, provides personal loans in under 60 seconds. With loan amounts up to $100,000 and flexible terms ranging from 4 to 144 months, Beem offers an APR starting from 5.20%.
Play store Rating:
3.9/5 Rating , 14.9k reviews
1M+ Downloads
Apple Store Rating :
4.7/5 rating , 129 Review
Whether you need to consolidate debt, make a significant purchase, cover home improvements, or handle unexpected costs, Beem has you covered.
The process won’t affect your credit score, and Beem’s Everdraft™ feature is the best alternative app for instant cash advances up to $5-$1000 without restrictions during emergencies. It’s your go-to solution for swift and hassle-free financial assistance.
2. Cleo
Cleo is a money-saving alternative to Cash Central. Cleo provides interest-free cash advances, allowing members to request free advances ranging from $20 to $70 initially, with the potential to qualify for up to $250. Consider the app’s $5.99 monthly subscription, including financial management tools, for easy access.
Play store rating :
4.0/ 5 rating , 73 reviews
10k+ downloads
Apple store:
4.7/5 Rating , 2.6k Reviews
Opt for the $14.99/month plan for credit builder tools, a secured credit card, early paycheck access, and up to $500 emergency cash advance with direct deposits, helping you build credit as Cleo reports to all three credit bureaus.
3. Avant
Avant is a top choice similar to Cash Central. Avant, an online lending platform, connects borrowers with fair to bad credit (minimum score of 550) to personal loan lenders.
Playstore Rating:
Rating : 4.2/5 , 6.6k reviews
10k+ download
Apple store Rating: 2.2/5 , 72 reviews
Offering an APR range of 9.95% to 35.99%, loans from $2,000 to $35,000, and repayment terms spanning 1 to 5 years, Avant ensures flexibility. Be aware of an origination fee (0% to 4.75%), a typical $25 late fee, and a $15 returned check fee. Enjoy swift funding within one day after approval with Avant.
4. Money Mutual
Moneymutual is a trusted choice for short-term loans, akin to Cash Central. Their online platform connects you with lenders, offering quick access to funds—often within 24 hours.
Rating : 4.9/5 , 99 Reviews
The straightforward online application takes less than 5 minutes, catering to the needs of over 2 million satisfied customers. With loan amounts up to $5,000, variable interest rates, and flexible terms, Moneymutual provides a reliable solution for your financial requirements.
5. Upgrade
Upgrade, a leading online personal loan provider, is an excellent choice comparable to Cash Central. Upgrade presents loans from $1,000 to $50,000 with 24 to 84 months of repayment terms.
Play Store Rating : 4.7/5 , 19.1k Reviews
500K+ Downloads
The upgrade provides accessibility with a minimum credit score requirement of just 580, making it easier to secure a loan than many competitors. With APRs ranging from 8.49% to 35.99% and an origination fee of 1.85% – 9.99%, Upgrade ensures transparent terms for your financial needs. Explore Upgrade for straightforward and accessible personal loans.
6. Albert
Albert, a banking app, is a notable choice similar to Cash Central. It provides pay advances up to $250 without a paid subscription, with same-day funds for a $6 fee or a two to three-day wait otherwise.
Playstore Rating : 4.1/5 , 91.3k Reviews
5M+ Download
Apple store Rating : 4.6/5 172.5k Reviews
The Genius subscription, priced at $14.99 to $16 a month after a 30-day free trial, offers financial advice and investment portfolio guidance based on your goals.
Albert’s AI-driven Genius feature assists with credit cards, budgeting, and more, though some users note challenges in canceling subscriptions. It’s an ideal pick for those valuing built-in financial advice services.
7. 24/7 Lending Group
24/7 Lending Group emerges as a top choice akin to Cash Central, providing personal loans ranging from $500 to $35,000. Catering to all credit types, they welcome everyone with a straightforward, no-impact credit form.
Rating : 4.3/5 , 2.9k Reviews
With a track record of assisting consumers since 2001, 24/7 Lending Group ensures accessibility. Offering competitive interest rates between 5.99% and 35.99% and flexible repayment terms spanning 60 days to 72 months, it’s a reliable option for those seeking simplicity and support in their financial journey.
8. Lendup
LendUp offers two types of loans, single-payment, and installment, but be cautious as they are expensive. Operating in only 8 states (CA, LA, MS, MO, SC, TN, TX, and WI), LendUp faces restrictions due to high rates.
Rating : 4.6/5 , 2.5k Reviews
Single-payment loans, ranging from $100 to $255, come with a steep one-time fee equivalent to an APR between 214.13% and 917.71%, payable in 7 to 30 days. Installment loans, from $100 to $1,000, spread payments over 1 to 6 months with APRs between 32.08% and 71.07%, generally lacking origination fees except for a Texas-specific one-time “Credit Access Business fee.”
9. Brigit
Brigit is a no-credit-check cash advance app, a great alternative to Cash Central. Unlike Cash Central, Brigit doesn’t charge interest or fees on the borrowed amount. It provides cash advances of up to $250 per pay period, allowing you to extend due dates after two consecutive on-time payments.
Play store rating :
4.5/5 rating , 180k reviews
5M+ Downloads
Apple store rating:
4.8/5 rating , 284.9k reviews
To access advances, sign up for Brigit’s $9.99 monthly subscription, which includes a credit builder program and up to $1 million in identity theft protection. Brigit also offers auto-advancements to prevent overdrafts, making it a valuable resource for managing emergency expenses.
10. Stilt
Stilt is an excellent choice for those considered “underserved” in the U.S., offering loans to immigrants and visa holders, even without a credit history or Social Security number. Loans range from $1,000 to $35,000, with terms up to 36 months. Stilt looks beyond credit scores, considering various financial factors.
Rating : 4.8/5 , 537 Reviews
There are no prepayment penalties and reasonable beginning interest rates, so you may pay off your loan early without incurring additional costs. Stilt might be an option if you hold certain U.S. visas, providing accessible financial solutions for a diverse range of individuals.
11. CashUSA. com
CashUSA. Com is a reliable choice for personal loans, similar to Cash Central. They connect you with lenders offering amounts from $500 to $10,000, with flexible repayment periods ranging from three to 72 months. With an APR capped at 36% for installment loans, CashUSA.com provides reasonable terms.
Rating : 2/5 , 11 Reviews
To prequalify, you must be a U.S. citizen or permanent resident aged 18 or older, have a monthly income of at least $1,000 after taxes, and have a valid phone number, email address, and a working checking account. Experience quick decisions and direct funds to your bank account with CashUSA.com.
12. Moneylion
MoneyLion is a versatile banking app, unlike Cash Central. Offering fee-free cash advances up to $500 between paychecks or regular deposits, MoneyLion doesn’t require a monthly subscription for advances.
Play Store : 4.5/5 , 115K Reviews
5M+ Downloads
Apple Store : 4.7/5 , 122.1k Reviews
Same-day instant transfers are available at a cost ranging from $1.99 to $8.999. MoneyLion also provides a banking account, investment account, and crypto trading feature.
Opening a MoneyLion account with a direct deposit setup may increase your advances to $1,000 per pay period. Despite user concerns like billing errors and customer service difficulties, many find MoneyLion’s app features beneficial.
13. SmartAdvances. com
SmartAdvances. com is an excellent option if you’re seeking various offers for personal or payday loans ranging from $100 to $20,000.
Rating : 4.8/5 , 78 Reviews
To prequalify, ensure you have a minimum monthly income of $1,000 from wages or government benefits. The service supports honest credit policies in line with federal and state laws through its association with the Online Lenders Alliance (OLA).
Expect an approval decision in at least 2 minutes, with funds potentially deposited into your account within one business day. SmartAdvances.com ensures transparency with no hidden fees, providing a hassle-free lending experience.
14. Chime
Chime’s feature offers a more cost-effective alternative to payday loans from Cash Central. Covering purchases or ATM withdrawals, SpotMe allows access to $20 to $200 even when your bank balance is low. You have at least $200 in eligible direct deposits monthly to qualify.
Play store Rating : 4.6/5 , 620k Reviews
10M+ Downloads
Apple store rating : 4.8/5 , 776.2k Reviews
Activate SpotMe in your Chime app settings by switching on the Overdraft fee-free option. Your specific SpotMe limit, indicating the amount you can access, is conveniently listed under this option. Chime’s provides a convenient and affordable solution for managing low balances.
15. Possible Finance
Possible Finance is an online lender offering short-term installment loans up to $500, making it a viable option similar to Cash Central. There’s no credit check, making it accessible for those with bad credit. However, the APR can be high, reaching up to 460%.
Playstore Rating: 4.0/5 , 50.8k Reviews
1M+ Downloads
Apple store Rating : 4.8/5 , 103.9k Reviews
The repayment period extends to eight weeks, longer than many cash advance apps. Possible Finance reports your payments to two major credit bureaus, potentially improving your credit score.
While it’s best suited for emergencies requiring a more extended repayment time, be cautious about taking out too many loans in a short period due to the higher costs.
Top Loan Lenders For Bad Credit Like Cash Central
When finding loan lenders for individuals with bad credit, several options are similar to Cash Central. When seeking loans for bad credit, watch out for standard fees like the origination fee, typically varying from 1% to 10% of the loan amount.
This fee is part of your APR, but some lenders may deduct it before giving you the funds, reducing your adequate loan amount or including it in your monthly payments.
Additionally, lenders often impose fees for late payments and non-sufficient funds, adding to the importance of understanding the terms and fees associated with bad credit loans. These lenders, like Cash Central, cater to individuals with bad credit, providing accessible options for financial support.
| Lender | APR range | Origination fee |
| Upgrade | 8.49% – 35.99% | 1.85% to 9.99% |
| Upstart | 6.40% – 35.99% | 0% to 12% |
| Universal Credit | 11.69% – 35.99% | 5.25% to 9.99% |
| Avant | 9.95% – 35.99% | 0% to 4.75% |
| Best Egg | 8.99% – 35.99% | 0.99% to 8.99% |
Top Loan Lenders For Good Credit
When you have good credit, several lenders are ready to offer favorable terms for your borrowing needs. SoFi stands out for its competitive APRs and substantial loan amounts, making it an attractive option for those with a positive credit history. LendingClub is reliable, providing appealing APR ranges and flexible loan amounts to suit various financial requirements.
Additionally, consider Discover®, known for offering advantageous terms and accommodating loan options for individuals with good credit. These lenders prioritize borrowers with solid credit profiles, ensuring access to loans with favorable conditions.
| Lender | APR range | Loan Amount |
| LendingClub | 9.57-35.99% | $1,000-$40,000 |
| Achieve | 8.99-35.99% | $5,000-$50,000 |
| Happy Money | 11.72-17.99% | $5,000-$40,000 |
| SoFi | 8.99-25.81% | $5,000-$100,000 |
| Discover® | 7.99-24.99% | $2,500-$40,000 |
Loan Lenders For Debt Consolidation
When consolidating your debts, several trusted lenders can help streamline your financial journey. Upstart is recognized for its innovative approach, while Prosper is known for facilitating peer-to-peer lending.
Avant offers tailored solutions, considering various credit profiles. SoFi provides a comprehensive suite of financial products, including consolidation loans, and Upgrade stands out for its flexible options.
| Lender | APR range | Loan Amount |
| Upstart | 6.40% – 35.99% | $1,000 – $50,000 |
| Prosper | 6.99% – 35.99% | $2,000 – $50,000 |
| Avant | 9.95% – 35.95% | $2,000 – $35,000 |
| SoFi | 8.99-25.81% | $5,000-$100,000 |
| Upgrade | 8.49% – 35.99% | $1,000 – $50,000 |
Best Lenders For Installment Loans
For those seeking reliable options for installment loans, various lenders stand out, each with unique offerings. Achieve is a solid choice, offering installment loans ranging from $5,000 to $50,000. Discover® provides flexibility with loan amounts between $2,500 and $40,000, catering to diverse financial needs.
LightStream stands out with more significant loan amounts, reaching $100,000, suitable for more substantial financial requirements. Additionally, Prosper and Upstart offer competitive installment loans, accommodating various credit profiles, with loan amounts spanning from $2,000 to $50,000. Here are the best fit for your installment loan needs.
| Lender | APR range | Loan Amount |
| Achieve | 8.99% – 35.99% | $5,000 – $50,000 |
| Discover® | 7.99-24.99% | $2,500-$40,000 |
| LightStream | 7.49% – 25.49% | $5,000 – $100,000 |
| Prosper | 6.99% – 35.99% | $2,000 – $50,000 |
| Upstart | 6.40% – 35.99% | $1,000 – $50,000 |
Best Loan Lenders For Home Improvements
For financing home improvements, various lenders offer valuable solutions. Beem is a reliable choice for financing upgrades, repairs, and additions. LightStream is known for its flexibility, catering to diverse home improvement needs.
Prosper and Avant are trusted options offering financing options for renovations and repairs. Additionally, consider Best Egg, a lender known for supporting various home improvement projects.
| Lender | APR range | Loan Amount |
| Beem | 5.20%(start) | up to $100,000 |
| LightStream | 7.49% – 25.49% | $5,000 – $100,000 |
| Prosper | 6.99% – 35.99% | $2,000 – $50,000 |
| Avant | 9.95% – 35.95% | $2,000 – $35,000 |
| Best Egg | 8.99-35.99% | $2,000-$50,000 |
Best Short-Term Loan Lenders
Regarding short-term business loans, various lenders offer valuable solutions for quick financial support. Beem, a reliable choice, caters to businesses with shorter repayment periods, ensuring flexibility.
Credibly, Funding Circle, Avant, and National Funding are reputable options for providing short-term business loans and helping businesses meet their working capital needs.
These lenders offer terms ranging from three to 24 months, allowing businesses to access the funds they require within a shorter repayment time frame. Here are some of the best short-term loan lenders:
| Lender | Loan Amount | Loan Term |
| Beem | up to $100,000 | 4 to 144 months |
| Credibly | $5,000 to $400,000 | 3 – 15 months |
| Funding Circle | $25,000 – $500,000 | 6 – 84 months |
| Avant | $2,000 – $35,000 | 12 to 60 months |
| National Funding | $10,000-$50,000 | 4 – 18 months |
Best Alternatives For Emergency Loans
Personal loans from reputable lenders can be a lifesaver when urgent financial needs arise. Whether it’s unexpected home improvements, last-minute expenses, or bridging an income gap, these short-term loan providers offer solutions.
Beem, LightStream, Prosper, Upgrade, and LendingClub are among the best choices, known for their quick and accessible personal loans. Comparing their terms and options allows you to select the right short-term loan that suits your financial requirements, providing the necessary support when needed most.
| Lender | APR range | Loan Amount |
| Beem | 5.20%(start) | up to $100,000 |
| LightStream | 7.49% – 25.49% | $5,000 – $100,000 |
| Prosper | 6.99% – 35.99% | $2,000 – $50,000 |
| Upgrade | 8.49% to 35.99% | $1,000 to $50,000 |
| LendingClub | 9.57% to 35.99% | $1,000 to $40,000 |
Best For Military Members
Military members seeking financial support have excellent options. Achieve provides joint military loans of up to $50,000, while LightStream offers larger loans of up to $100,000 with swift funding. These lenders prioritize and understand the distinctive needs of military personnel.
| Lender | Best for | Loan Amount |
| Achieve | Joint military loans | $5,000 – $50,000 |
| Discover | Military loans with repayment assistance | $2,500 – $40,000 |
| LightStream | Large military loans | $5,000 – $100,000 |
| Navy Federal | Military loans overall | $250 – $50,000 |
| Sofi | Quick military loans | $5,000 – $100,000 |
Where To Get Loans Like Cash Central
Many options, like the Cash Central app, traditional banks, online lenders, Credit Unions, and P2P lending, are available when you want to get loans. Let’s explore it.
1. Traditional Banks
Traditional banks provide a reliable option for loans similar to Cash Central. These banks offer a range of personal loans, providing flexibility for various purposes such as home renovation or debt consolidation. Eligible borrowers can access loans ranging from $1,000 to $100,000, with interest rates typically around 6%, depending on the specific bank.
Residents can leverage traditional banks’ stability and longstanding presence to explore personalized loan options to meet their diverse financial needs. Traditional banks provide a familiar and secure avenue for obtaining personal loans with established terms.
Traditional banks to getting loans like Cash Central:
- Bank loans with fast funding: TD Bank
- Bank loans and joint borrowers: PNC Bank
- Bank loans with low rates: LightStream
- Bank loans and debt consolidation: Discover
2. Online Lenders
Online lenders present a convenient and efficient alternative for personal loans. Platforms like LightStream, SoFi, and Avant offer accessible online application processes, allowing borrowers to compare rates, terms, and loan amounts quickly.
The digital approach of online lenders streamlines communication and expands the range of available options. Borrowers often receive funds promptly, making online lenders popular for those seeking quick and accessible personal loans.
Online lenders to getting loans like Cash Central:
- Best overall: LightStream
- Best for debt consolidation: Happy Money
- Best for more significant loan amounts: SoFi
- Best for quick funding: Avant
3. Credit Unions
Credit unions are a community-oriented option for personal loans, with one of the largest credit unions in the country operating nationally. Credit unions like First Federal Credit Union, PenFed Credit Union (ideal for military personnel), and Alliant Credit Union (recognized for overall satisfaction) serve over 440,000 members nationwide. Credit unions often prioritize member satisfaction and offer personalized services.
Credit Unions to getting loans like Cash Central:
- Best for teachers: First New York Federal Credit Union
- Best for Military: PenFed Credit Union
- Best for overall: Alliant Credit Union
3. Peer-To-Peer Lending
As exemplified by Prosper, Peer-to-peer (P2P) lending platforms provide an alternative route for obtaining personal loans. Famous for various expenses such as moving, debt consolidation, or handling medical bills, P2P lending platforms typically allow borrowing between $2,000 and $50,000.
With competitive rates starting at 6.99% and no prepayment penalties, P2P lending offers an accessible and efficient option for individuals seeking personal loans.
Peer-to-peer lending to getting loans like Cash Central:
- Best for debt consolidation: Prosper
- Best for co-borrowing: LendingClub
- Best for small loans: Upstart
What are the Banks Offering Loans Like Cash Central?
If you’re seeking a bank loan similar to Cash Central, many banks offer unsecured personal loans. These loans, ranging from $1,000 to $50,000 (some up to $100,000), are repaid in fixed monthly installments over two to seven years.
The loan funds can be used for many purposes, including debt consolidation, home improvement projects, or covering significant expenses like a move or wedding. Exploring different banks allows you to find a loan that suits your needs and provides the perks you want.
Here we listed the best banks that offer loans like Cash Central:
| Bank | APR Range | Loan Amount |
| PNC Bank | 7.49-30.49% | $1,000-$35,000 |
| Wells Fargo | 7.49-23.74% | $3,000-$100,000 |
| TD Bank | 8.99-23.99% | $2,000-$50,000 |
| U.S. Bank | 8.24-21.49% | $1,000-$50,000 |
| Citibank | 10.49-19.49% | $2,000-$30,000 |
What are Loan Eligibility and Requirements?
When applying for a loan, meeting specific eligibility criteria and providing necessary documents are essential for approval.
- Credit Score:
A fair credit score, usually 580 or higher, is crucial for loan eligibility. Lenders use it to assess your creditworthiness.
- Income Verification:
Lenders require proof of a steady income, which can be demonstrated through pay stubs, tax returns, or other relevant documents.
- Employment Stability:
A stable job history indicates financial stability and improves your chances of loan approval. Consistent employment is a positive factor for lenders.
- Debt-to-Income Ratio:
Lenders check your debt-to-income ratio to ensure you can manage new debt. It’s calculated by comparing your existing debt to your income.
- Citizenship/Residency:
You must be a U.S. citizen or a legal resident to qualify for a loan.
- Age Requirement:
Applicants must typically be 18 years old to apply for a loan.
- Loan Purpose Clarification:
Clearly stating the purpose of the loan, whether for home improvement, debt consolidation, or other specific needs, helps lenders understand your financial goals.
How do you choose the right loan for you?
Choosing the right loan is a crucial financial decision requiring a comprehensive understanding of several key factors.
- Loan Amount: When determining the loan amount, consider your immediate needs and any potential future financial requirements. Be mindful of striking a balance between covering expenses and avoiding unnecessary debt.
- Repayment Tenure: The repayment tenure is a critical factor influencing your monthly budget. While opting for a shorter tenure might mean higher EMIs, it could lower overall interest costs. Evaluate your financial situation to find the optimal tenure.
- Lenders: The lending landscape is diverse, comprising traditional banks, online lenders, and peer-to-peer platforms. Research each option thoroughly, comparing interest rates, customer reviews, and additional perks. Utilizing online aggregator platforms simplifies this process by providing a consolidated view of available options.
- Credit Score: Your credit score is pivotal in determining loan eligibility and terms. An excellent credit score increases the chances of loan approval and allows for more favorable interest rates. Regularly monitoring your credit score ensures you are well-informed before applying for a loan.
- Interest Rates: Interest rates across lenders might differ dramatically; while a lower interest rate is desirable, it’s crucial to understand its associated terms. Some lenders may offer seemingly low rates but impose other charges that offset potential savings.
- Origination Fees: The up-front expenses associated with completing your loan application are levied by specific lenders. Awareness of these fees allows you to factor them into your overall loan cost and avoid unexpected financial burdens.
- Other Charges: Beyond the obvious costs, scrutinize the loan terms for hidden charges, including administrative or loan processing fees. Being aware of these charges provides a comprehensive view of the total cost of the loan.
Conclusion
When comparing loans like Cash Central, it’s crucial to consider your financial needs and avoid high fees. Cash advance apps have emerged as a cost-effective choice, offering interest-free loans with the added benefit of free payment extensions.
Unlike Cash Central’s potentially steep fees, options like Beem, Cleo, and Avant provide an affordable solution for small, short-term cash needs without the burden of high APRs.
These options offer quick cash with straightforward terms, catering to various financial needs. Beem stands out for its rapid personal loans up to $100,000, while Cleo provides interest-free cash advances. These alternatives present diverse solutions for emergencies, debt consolidation, or home improvements.
Remember that each option has perks, so choose wisely based on your financial goals and preferences. Now it’s time to say goodbye to excessive fees and welcome more imaginative lending solutions with these popular alternatives to Cash Central.
FAQs
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Are there loan lenders like Cash Central?
Yes, there are alternatives to Cash Central, offering quick and affordable loans. Options like Beem, Cleo, Avant, and MoneyMutual provide diverse solutions for various financial needs.
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How hard is it to get a loan with Cash Central?
Securing a loan with Cash Central is relatively accessible. They offer payday loans from $100 to $5,000 online and in retail locations across the 22 states they serve. The application process is user-friendly, and funding can be as swift as the same day. However, it’s essential to note that interest rates can be steep, exceeding 700% APR in some states.
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Is Cash Central a direct lender?
Yes, Cash Central operates as a direct lender. When applying for a loan, you deal directly with the company providing the funds, simplifying the borrowing process.
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Do other loan lenders provide the same loans as Cash Central?
Absolutely. Many other loan lenders offer comparable loans to Cash Central. Explore options like Beem, Cleo, Avant, and MoneyMutual, each presenting unique features while catering to similar financial requirements.
