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6 Loans Like Lendumo for Fast Cash in 2024

Find a better deal on a loan with this list of providers that are far less expensive than Lendumo.

Lendumo is a tribal lender that charges as much as 700% on loans up to $2,500 and has hundreds of poor customer reviews on reputable sites like the BBB and Trustpilot. It offers an easy application process, fast funding and loan options for people with bad credit, but there are much less expensive options to choose from.

Check out our top picks for loans like Lendumo, with better rates, more positive reviews and options for borrowers with a wide range of credit scores.

Our 6 top picks for loans like Lendumo

Best for a loan similar to Lendumo

OppLoans Installment Loans

4.7 / 5 ★★★★★

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Similar to Lendumo, OppLoans offers installment loans to borrowers who may have trouble qualifying for other loans. Its rates are high as well, but far below the 400% to 700% that Lendumo charges. Plus, it reports your on-time payments to the credit bureaus and doesn't charge prepayment penalties. But it's not available in all states, and you need to get paid by direct deposit.

  • Not available in: Colorado, Connecticut, Georgia, Iowa, Maryland, Massachusetts, New York, South Dakota, Vermont, Washington, West Virginia
Pros
  • Funding as soon as the same day
  • No hard credit check
  • Helps to build credit
Cons
  • High rates compared to some loan options
  • Requires direct deposit
  • Not available in all states
Loan amount$500 to $4,000
Loan Term9 to 18 months
Turnaround timeAs soon as the same business day

Best for bad or no credit

Upstart personal loans

4.2 / 5 ★★★★★

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Upstart offers much larger loans than Lendumo, ranging from $1,000 to $50,000, and it considers factors such as your education and career path rather than just your credit score. It also has much more affordable rates than Lendumo, starting as low as 7.4%. However, it charges origination fees — which takes a bite out of your loan proceeds — and minimum loan amounts may be higher depending on the state you live in.

  • Not available in: Connecticut, Iowa, Maine, Maryland, Nevada, New York, Oklahoma, Oregon, West Virginia
Pros
  • Rates as low as 7.4%
  • Funding as fast as one business day
  • No prepayment penalties
Cons
  • Charges origination fees
  • Requires a hard credit check
  • Minimum loan amounts vary by state
Loan amount$1,000 to $50,000
APR7.40% to 35.99%
Interest Rate TypeFixed
Min. credit score300
Turnaround TimeAs soon as the same day
Maximum Loan Term5 years
Minimum Loan Term3 years

Best for a secured option

OneMain Financial personal loans

3.4 / 5 ★★★★★

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Unlike Lendumo, OneMain Financial offers both secured and unsecured personal loans, with larger amounts ranging from $1,500 to $20,000. And you could receive funding as soon as one hour after closing instead of having to wait until the next day. Its rates are much better than Lendumo, from 18% to 35.99%. But you may need to visit a branch office to complete the loan process, and OneMain charges origination fees.

  • Not available in: Alaska, Arkansas, Connecticut, Massachusetts, Rhode Island, Vermont
* OneMain Disclosures:

Not all applicants will be approved. Loan approval and actual loan terms depend on your ability to meet our credit standards (including a responsible credit history, sufficient income after monthly expenses, and availability of collateral). If approved, not all applicants will qualify for larger loan amounts or most favorable loan terms. Larger loan amounts require a first lien on a motor vehicle no more than ten years old, that meets our value requirements, titled in your name with valid insurance. Loan approval and actual loan terms depend on your state of residence and your ability to meet our credit standards (including a responsible credit history, sufficient income after monthly expenses, and availability of collateral). APRs are generally higher on loans not secured by a vehicle. Highly-qualified applicants may be offered higher loan amounts and/or lower APRs than those shown above. OneMain charges origination fees where allowed by law. Depending on the state where you open your loan, the origination fee may be either a flat amount or a percentage of your loan amount. Flat fee amounts vary by state, ranging from $25 to $500. Percentage-based fees vary by state ranging from 1% to 10% of your loan amount subject to certain state limits on the fee amount. Visit omf.com/loanfees for more information. Loan proceeds cannot be used for postsecondary educational expenses as defined by the CFPB’s Regulation Z such as college, university or vocational expense; for any business or commercial purpose; to purchase cryptocurrency assets, securities, derivatives or other speculative investments; or for gambling or illegal purposes.

Borrowers in these states are subject to these minimum loan sizes: Alabama: $2,100. California: $3,000. Georgia: Unless you are a present customer, $3,100 minimum loan amount. North Dakota: $2,000. Ohio: $2,000. Virginia: $2,600.

Borrowers (other than present customers) in these states are subject to these maximum unsecured loan sizes: North Carolina: $7,500. An unsecured loan is a loan which does not require you to provide collateral (such as a motor vehicle) to the lender.

Example Loan: A $6,000 loan with a 24.99% APR that is repayable in 60 monthly installments would have monthly payments of $176.07.

Time to Fund Loans: Funding within one hour after closing through SpeedFunds must be disbursed to a bank-issued debit card. Disbursement by check or ACH may take up to 1-2 business days after loan closing.
Pros
  • Offers secured and unsecured loans
  • Better rates than Lendumo
  • No prepayment penalties
Cons
  • Charges origination fees
  • Minimum and maximum loan amounts vary by state
  • May need to visit a branch office
Loan amount$1,500 to $20,000
APR18% to 35.99%
Interest Rate TypeFixed
Min. credit scoreNot specified
Turnaround TimeAs soon as one hour
Maximum Loan Term5 years
Minimum Loan Term2 years

Best for self-employed and gig workers

Dave ExtraCash

4.2 / 5 ★★★★★

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Dave isn't technically a loan like Lendumo — it's a cash advance app — but it offers advances up to $500 and accepts self-employed workers and others without regular income or direct deposit. It also doesn't charge interest or late fees, making it a much less expensive option than Lendumo. But you must pay a monthly subscription fee to qualify for advances, and instant transfer fees can cost up to $25.

  • Available in all states
Pros
  • Accepts self-employed income
  • No interest or late fees
  • No credit checks
Cons
  • Transfer fees up to $25
  • Requires a monthly subscription
  • May take some time to qualify for larger advances
Loan amountUp to $500
Loan TermVaries
Turnaround timeUp to 3 business days or instant for a fee

Best for hourly employees

EarnIn

4.7 / 5 ★★★★★

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For those who get paid by the hour, EarnIn — another cash advance app — offers advances up to $150 a day and $750 per pay period, which is more than most apps. And, unlike Lendumo, there are no interest charges or late fees. There isn't even a monthly subscription required, making it a truly low-cost option. But you can only withdraw based on hours you've already worked, and it charges fees if you need the money transferred immediately.

  • Not available in: Connecticut
Pros
  • Advances up to $750 per pay period
  • No interest or late fees
  • No monthly subscription required
Cons
  • Only suitable for hourly workers
  • Charges fees for instant transfers
  • Have to upload timesheets or otherwise track your hours
Loan amountUp to $750 per pay period, but only $150 per day
Loan Term1 to 4 weeks
Turnaround time1 to 3 business days or instant for a fee

Best for low fees

Chime MyPay

About the closest you can get to a completely free loan — a far cry from Lendumo loans — is with Chime MyPay. It offers cash advances up to $500 with no interest, late fees or monthly subscription fees. The only cost is $2 if you want an advance — of any size — right away. But it requires direct deposit, and you need a Chime checking account or debit card to qualify. Plus, larger advances aren't typically available for newer users.

  • Available in all states
Pros
  • No mandatory fees
  • Advances up to $500
  • Only $2 for instant transfers
Cons
Loan amountUp to $500
Loan TermUntil next deposit
Turnaround timeWithin 2 days or instant for a fee

How does Lendumo compare?

Despite a few pluses, Lendumo doesn’t compare favorably to our top picks for loans similar to Lendumo. Here’s Lendumo’s pros and cons:

Pros

  • Fast application and approval process
  • Funding as soon as the next day
  • Accepts poor credit

Cons

  • Triple-digit interest rates
  • Doesn’t disclose rates upfront
  • Poor customer reviews
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To make sure you get accurate and helpful information, this guide has been edited by Megan B. Shepherd as part of our fact-checking process.
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Written by

Writer

Lacey Stark is a freelance personal finance writer for Finder, specializing in banking, loans, investing, estate planning, and more. She has 20 years of experience writing and editing for magazines, newspapers, and online publications. A word nerd from childhood, Lacey officially got her start reporting on live sporting events and moved on to cover topics such as construction, technology, and travel before finding her niche in personal finance. Originally from New England, she received her bachelor’s degree from the University of Denver and completed a postgraduate journalism program at Metropolitan State University also in Denver. She currently lives in Chicagoland with her dog Chunk and likes to read and play golf. See full bio

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