How To Get a $350 Cash Loan


It’s the beginning of the month, and all of the bills are due. You might be getting a little bit panicky, wondering where you are going to come up with the extra cash. Or maybe your dog had an emergency and you needed to take Fido to the vet. We all know those bills are unexpected and pricey. 

Don’t you wish you could find a bank that could give you competitive interest rate loans quickly and right from your phone? Look no further! With a MoneyLion Credit Builder Loan, you can borrow the money you need while you build a better credit history.

Apply For a Credit Builder Loan

A Credit Builder Loan with MoneyLion is a powerful membership-based credit builder loan. These types of installment loans are aimed towards helping those with poor, little, or no credit build credit with a loan up to $1000. To qualify for a Credit Builder Plus loan, you must hold a Credit Builder plus membership.

With our proven system, we’ve had members raise their credit score by 60 points in 60 days! Below is our step-by-step guide on qualifying for a Credit Builder Loan and details on your membership perks.

Open Account And Borrow

The application process is simple and easy! First, download the MoneyLion App and link your primary checking account. There’s no credit check required to apply or qualify for a loan, but your checking account will be securely scanned by MoneyLion for the following factors:

  • Detectable income stream (recurring deposits) with your account being in good standing
  • Account has been open for at least 60 days
  • Proof of active transaction history and acceptable account balance

Once MoneyLion reviews your linked account for responsible financial patterns, you’ll know if you’re approved for a Credit Builder Plus membership to access a loan in seconds.

Memberships cost is $19.99/month plus any loan payment — and the payments will be withdrawn on your pay date schedule (i.e.: weekly, bi-weekly, monthly, etc.).

Interest rates are based on the information received from your checking account history and other factors and range from 5.99% to 29.99%. If you don’t qualify, you can try linking another checking account or apply again at a later time once you’ve had your account open longer, make consistent deposits, and keep your account balance positive. 

Tip: Make sure you enter your personal information correctly and that it matches your public records. This is not a time for using nicknames or mistyping your address!

Access Some Funds Now and Some Later

Your credit builder loan will be broken into two parts: the funds you receive the day you’re approved, and the funds you’ll get when you pay off your loan in full. If your finances are on point, the higher the amount you’ll get. The remainder of your loan not deposited the day you’re approved will be held in an interest-earning Credit Reserve Account in your name, and you’ll get it about 10 days after you pay off your loan. 

Let’s say you’re approved for a $1000 loan: $500 gets deposited in your checking account instantly, and the other $500 will be saved in your credit reserve account and will be given to you when you pay off the $1000 loan in full. This is the perfect way to get cash in your pocket and save while you build up your credit score. 

Pay Back And Build Credit 

Making payments on time is one of the key factors in improving your credit score. The Credit Builder Plus membership includes credit reporting and credit score monitoring. Each month, your payment will get reported to the three main credit bureaus: Experian, Equifax and TransUnion. We will track and update you on your credit history weekly. The MoneyLion app makes tracking your improvement and loan details simple and convenient. 

Additional Membership Perks

Your Credit Builder Plus membership also includes access to 0% Instacash advances. No credit check, no interest fees. Increase your available cash advance amount by setting up direct deposits into a RoarMoney account. Once you’re set-up, you have access to 30% of your direct deposit amounts per pay period (up to $250). You can get cash in your pocket any time of the day or night right from your phone

Lastly, if you also have a RoarMoney account, you can earn exclusive rewards as part of your membership. It’s easy. You just need to make a habit of logging into your app every day and using your MoneyLion Debit Mastercard to make daily purchases. When you make 20 or more purchases of $10 plus each month and log in daily, you earn a Lion’s share payout up to $19.99. An effortless way to get your plus membership fee paid for monthly. 

Borrow Money While Improving Your Credit Score

Getting a Credit Builder Loan with MoneyLion is one of the quickest loan options out there. With our membership perks, you’ll improve your credit score and borrow the money you need without the headache of traditional loans.

Need a ton of work done on your credit? Every time you pay off your loan, you’re able to get another loan without reapplying. Rinse and repeat this process with on-time payments, and your credit score could be soaring in no time! 

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Build your credit and save

Join Credit Builder Plus to get a loan up to $1,000, credit monitoring, exclusive rewards, access to 0% APR cash advances, and more. Over half of members raise their credit over 60 points within 60 days!

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