How Can I Get a $300 Loan Today?


Life happens, and we all need a little cash from time to time. Given the current economic climate, you may find yourself in a financial bind and desperately searching for relief. 

Whether you need the money for rent, school, or anything else – a small loan or advance does not have to be stressful.

Here’s how you can get a $300 loan right away without all the hassle. 

Apply for a Credit Builder Loan

The Credit Builder Loan is an option to get your hands on the cash you need right now while repairing or building your credit from scratch. It’s a competitive-rate loan product that features affordable payments that are easy on your wallet. So, you’ll get the best of both worlds in a single product – cash in hand and a better credit score over time. 

Worried you won’t qualify because your credit score is too low? Relax and know that less than perfect credit won’t necessarily take you out of the game. In fact, MoneyLion doesn’t require a credit check to approve you for a Credit Builder Loan. We focus on factors like your income, instead, to assess your ability to make the loan payments. 

How Do I Qualify For a Credit Builder Loan?

All you have to do to qualify  for a Credit Builder Loan when you apply in the MoneyLion app is securely link a checking account that’s in your name, active, and at least 60 days old. You’ll need a history of deposits from wages, self-employment income, government benefits, alimony or child support. Not currently employed? No worries, as we’ll consider unemployment compensation when evaluating your application.

How To Get Started

When you’re ready to apply for a Credit Builder Loan, download the MoneyLion app to your mobile advice. You will be prompted to create a free account and set up your profile. 

The next step is to select Credit Builder Plus in the app and link your bank account, so MoneyLion can determine if you meet the criteria for a Credit Builder Loan. You will receive a loan offer on your dashboard if you qualify. 

The loan offer will be up to $1000, and the funding will be divided into a portion you receive today and a portion that will be saved for you in a Credit Reserve Account in your name and then given to you after you pay your loan in full.

Upon your acceptance of the offer, the portion of the funds allocated to your bank account will be sent right away. 

Credit Builder Plus has a $19.99/month membership fee, which not only gives you access to a credit builder loan and credit reporting to all three bureaus, but also credit monitoring with weekly score updates and 0% APR Instacash advances up to $250 per pay period. 

Credit Builder Loan Payments

What about payments? MoneyLion handles that for you by automatically deducting your Credit Builder Plus membership and loan payments from your bank account when they are due. So, you never have to worry about missing due dates and incurring late fees. The payments are spread out in smaller increments according to your pay schedule over 12 months.

You can recoup up to your full monthly membership fee every month by earning Lion’s Share Loyalty Program rewards, as long as you have a RoarMoney account and a MoneyLion Investment account too. 

Building Credit

Beyond giving you access to cash, the best part about the Credit Builder Loan is how it helps boost your credit rating effortlessly. Each time a payment is made, the transaction is reported to the 3 credit bureaus – Experian, Equifax and TransUnion. Your credit score will start to increase as more positive payment history is added (assuming you manage all other credit accounts responsibly). 

See if you qualify for a Credit Builder Loan. 

Get a $300 Loan Today! 

The $300 you need to get over the hump may be within reach. The application process is simple and only takes a few minutes of your time. 
Download the MoneyLion app today and start exploring your options for lending, checking accounts, cash advances, investing, and more.

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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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