Rent Day,
Split In Half.
Designed To Make Rent Work For You
How It Works
Connect Your Rent
Tell us where you pay rent and how much it is. Setup takes just a few minutes.
Fund Your Security Deposit
Add up to 50% of your monthly rent to a security deposit account to activate Split and earn interest while you rent.
We Cover Rent Day
Start paying rent with MoneyLion Split, and we'll automatically add funds to cover it - meaning nothing comes out of your pocket on rent day.
You Repay In Two Parts
Make two repayments later in the month, each for half your rent + a 1.5% fee, which can be waived with direct deposit or minimum account balance.2
On-time payments can help build your credit over time.1
See How Your Rent Gets Split
Enter your monthly rent to see your personalized payment amounts.
How much is your monthly rent?
$
- 1st
Rent day
Paid by MoneyLion Split
$1200.00
- 15th
1st Repayment
Half your rent + 1.5% fee
$618.00
- 25th
2nd Repayment
Half your rent + 1.5% fee
$618.00
You've got questions. We have answers.
MoneyLion Split charges a 3% rent advance fee on your monthly rent, split across your two repayments. This fee can be waived if you meet either of the following over a rolling 30-day period:
- Direct deposits into your MoneyLion Spend account totaling at least 50% of your rent, OR
- A MoneyLion Spend balance of at least 50% of your rent
A $10 late fee may apply if your repayment is not made on time.
Once you enroll in MoneyLion Split, you pay your rent with a MoneyLion Spend account and we automatically add funds to cover it, so nothing comes out of your pocket. You then make two repayments later in the month for half your rent + a 1.5% fee, which can be waived with direct deposit.
To get started, you’ll need to open a MoneyLion Spend account, answer a few rent history questions and link an account showing two successful rent payments. You’ll also be asked to deposit up to 50% of your rent in a MoneyLion Split Reserve account - a refundable deposit (not a fee) for your new credit line that ensures your rent will be covered. This amount will be returned to you with interest when you leave MoneyLion Split.
No. Unlike some competitors, no membership fee is required to use MoneyLion Split.
Each month, you’ll make two equal payments: half your rent + a 1.5% fee, which can be waived with direct deposit.
- One on the 15th
- Another on the 25th
You can set up automatic payments to stay on track.
No. Your landlord just needs to accept ACH payments, which most do. So all you need to do is pay rent as normal, just using your MoneyLion Spend account.
