MoneyLion Instacash Pay Loans Review | Loans Like MoneyLion Instacash Pay | Credit Raters us-lenders
Last updated: 27th Feb 2020

MoneyLion Instacash Pay review

Since 2013, MoneyLion has serviced over 200,000 loans. What makes it trustable and successful is that it focuses on empowering its customers by helping them to accomplish their financial goals.

MoneyLion is an online financial institution that offers banking services, including checking accounts and credit facilities. All its members qualify for up to $250 instant cash advances with APRs of 0%. The application process is done through its app. 

If you are a MoneyLion member and have financial obligations to fulfill that can’t wait until the next paycheck, then an interest-free Instacash pay loan is the way to go. 

To understand more about its key features, terms, and requirements, make sure to read this comprehensive review to the end.


Unlike most financial institutions that will charge you for cash advances, Instacash Pay is free of charge. You won’t incur any interest when you borrow. The maximum amount you can qualify for is $250. Once approved, the money is deposited into your checking account instantly. 

However, to be a member, you pay a monthly subscription fee of $9.99. Plus monthly membership goes for $29. 

Key features 

The unique feature with Instacash Pay advances is that it’s interest-free. And unlike many payday lenders that take a few hours or days to process the funds, with this lender, your funds are deposited instantly. 

The service is available on any day of the week. This makes it a convenient solution for any financial emergency below $250. The amount you qualify for, however, is limited to 10% of your daily direct deposit amount. 

Furthermore, if you apply for a checking account today, you won’t qualify for an Instacash advance until two pay periods have passed. You must be a resident of one of its eligible states to open a checking account with them. 

As well, no credit check is required to determine whether you’re eligible for an Instacash advance. There is also no set minimum credit score that you must meet to qualify for the cash advance. 

The same way Instacash advance is made, the repayments are also deducted automated from your checking account on the due date. Make sure that your account has enough balance to make the full payment. If available funds aren’t enough, it will make a partial payment and then keep on deducting the remaining balance automatically until the Instacash is fully repaid. 

If you don’t have a checking account with MoneyLion or your account doesn’t have enough funds, you can use your debit card to make Instacash repayments. 

If you are concerned about the safety of your money and information, you can rest assured that you are fully protected. MoneyLion uses advanced security measures to safeguard your money and financial information. 


  • No interest charges 
  • Lax minimum requirements 
  • Instant deposits 
  • No credit check required 
  • No credit score limit 


  • Must have a MoneyLion Checking account 
  • Less maximum limit – $250 
  • Not available in all states 


How fast is Instacash advance funded? 

MoneyLion Instacash Pay is among the fastest cash advances that you will find in the market. If you are qualified, your mind is deposited instantly into your checking account. 

Is MoneyLion safe? 

The safety of your money and financial information is of optimum importance. While no online website can guarantee you 100 % safety, MoneyLion makes it a priority to safeguard your data and money. It uses TLS technology to protect all the information in your account from online risks such as hacking. As well, it’s FDIC insured and has a security team to monitor its systems 24/7. 

How do I become a member? 

To become a member of MoneyLion, there are two options. One, you can subscribe to a standard membership account with a monthly subscription fee of $9.99. A monthly plus membership subscription goes for just $29. However, a plus membership isn’t a requirement to qualify for Instacash Pay. 

How much does Instacash advance cost? 

It’s absolutely interest-free to use Instacash. However, the amount you can apply for is limited to $250. 

Eligibility Criteria

Qualifying for Instacash Pay is easy. You only need to have a MoneyLion checking account that; 

  • It’s active 
  • Has existed for at least 2 months 
  • Have had regular income deposits of at least $250 
  • Has a positive balance 

Any account that isn’t confirmed as a checking account, such as a money market or a savings account, will not qualify for Instacash Pay. 

If you don’t have the account, you can open one today even if you won’t qualify for an Instacash advance immediately. 

State Availability

While MoneyLion would love to offer its services in all 50 states, if you live in the following states, you don’t qualify;

  • Iowa
  • Indiana 
  • Vermont 
  • Nebraska 
  • Nevada 
  • Montana 

Customer support

The MoneyLion customer support team is the best you will interact with. It’s friendly, attentive, and will guide you through your queries respectfully. You can call them today at 800-617-9584. You can also forward any questions, queries, or concerns by email at 

Application process

Provide that you have an active checking account that has been in existence for the last two months, to apply for Instacash Pay is hassle-free. Here is a step by step guide;

Step 1 – Open the MoneyLion app and navigate to the Finances section.

Step 2 – Click the Instacash Option. 

Step 3 – Select the amount you wish to borrow. If your request is approved, the allocated money is instantly deposited into your checking account regardless of the hour or day. The amount allocated is due on your next paycheck. 

If your application is not approved, you can always try later. However, to maximize your chances of qualifying, make good use of your checking account by transacting more. 


The MoneyLion Instacash Pay feature is something that you won’t find most online lenders. Its excellent reputation has made it feature in major business publications, including Fortune, Forbes, and The Wall Street Journal. 

If you meet the minimum requirements to become a member, then you should make it your day-to-day financial friend.