SoLo Funds: Lend & Borrow vs MoneyLion: Bank & Earn Rewards Usage & Stats

SoLo is the community finance platform where our members step up for one another. We enable financial services for real people, powered by people. We back each other because we believe in each other. It’s easy to sign up and become a member. As a SoLo member, you can access up to $575 (1) on your own terms or supply funds to make a social impact and return. You can also leverage our SoLo Wallet (2) as a pathway to financial autonomy. Fun fact → SoLo won NBCUniversal’s LIFTOff Financial Impact Challenge Here’s why thousands of members use SoLo… ACCESS UP TO $575 ON YOUR OWN TERMS We give you choice and control where others don’t. No credit checks. We come through for each other because we’re in this together. EARN MONEY WHILE HELPING OTHERS SoLo is a great way to make a social impact while also earning a return on your money. Our data driven tools allow you to verify and make smarter choices. Fund a request today. We’re people helping people. Fun fact → SoLo won the 2022 Visa Everywhere DEI Contest amongst the nation’s best fintechs SOLO PROTECTION We’re in this together. We protect each member in our community via secure and easy communication between bank accounts while creating a safety net for potential losses. SOLO WALLET Leverage our banking solution to build financial autonomy. Deposit, withdrawal, and bank with SoLo. Fun fact → SoLo Funds is a Certified Public Benefit Corporation. NO HIDDEN FEES We’re not here to surprise you with fees. SoLo guarantees no hidden fees, no minimum balance fees, transactions fees, expedition fees and no overdraft fees. GET MONEY UNIVERSITY We believe that access to information is the key to building strong financial habits. Take courses, learn, and share this free resource with others. Fun fact → SoLo was selected in 2021 for Global Inclusive Fintech 50 by the Center for Financial Inclusion For more information please visit our website https://solofunds.com/ . (1) $500 Cash Requests: Criteria applies, see Terms https://solofunds.com/terms/ for more details. (2) SoLo Wallet: The bank services are provided by Synapse's partner banks, Members FDIC. If you take a $100 request add an optional $8 tip and $4 donation, then your settlement will be $112. All loans regardless of the early schedule payment have the same terms, with 90 days for repayments and default. The early repayment schedule for a loan request can differ between members with all loans up to 90 days to pay in full until defaulted. Your initial scheduled early repayment date can be skipped without issue and repaid manually in-app at any time with minimum and maximum repayment schedule up to 90 days. All loans have up to 90 days to pay in full until defaulted. See SoLo's Privacy Policy https://solofunds.com/privacy Fun fact → SoLo was selected as one of Fast Company’s World Changing ideas in 2021
  • Google Play Store
  • Free
  • Finance

Usage Rank

#4,069

Make better money decisions with MoneyLion. Access mobile banking, personal finance resources, personal loans, fast cash advances & cashback rewards for extra money when you need it. BANKING WITH ROARMONEY - GET PAID EARLY (UP TO 2 DAYS)² Fast forward to payday with RoarMoney℠ direct deposit. Open a RoarMoney banking account and invest your extra cash with Round Ups³. Unlock cash advances up to $1000¹ with qualifying recurring direct deposits! CASHBACK & REWARDS- MONEYLION WOW⁷ Get your cash back and even earn rewards on big financial decisions or everyday spending. Protect yourself when life throws you a curveball, with exclusive benefits like cell phone insurance, travel protection and more. CASH ADVANCES UP TO $500¹ Access up to $500 of your paycheck, any day with Instacash℠ cash advances. Get money in minutes with no interest, no mandatory fees, & no credit check. FAST LOAN OFFERS⁵ Need to borrow money? Get personal loan offers from partners on the MoneyLion Marketplace. Compare personal loan offers, small loans, online loans, savings accounts, & more. CREDIT BUILDER LOAN⁶ Improve your credit score with a Credit Builder loan of up to $1000 & exclusive services with a membership. MoneyLion is not affiliated with other money apps, loan apps, or instant cash advance apps such as Dave, SoFi, Ally BankChime, Self, Varo Bank, Possible Finance, Albert, Klover, Ibotta, Earnin, Empower, Cleo, Brigit, or Kikoff 1 Instacash is a 0% APR cash advance service provided by MoneyLion. Your available Instacash advance limit will be displayed to you in the MoneyLion mobile app and may change from time to time. Your limit will be based on your direct deposits, account transaction history, and other factors as determined by MoneyLion. This service has no mandatory fees. You may leave an optional tip and pay an optional Turbo Fee for expedited funds delivery. For a $40 Instacash advance with a Turbo Fee of $4.99, your repayment amount will be $44.99. Generally, your scheduled repayment date will be your next direct deposit date which can range from weekly to monthly depending on your deposit cycle. An Instacash advance is a non-recourse product, not a personal loan, and there is no mandatory minimum or maximum timeframe for repayment; you will not be eligible to request a new advance until your outstanding balance is paid. See Membership Agreement and http://help.moneylion.com for additional terms, conditions and eligibility requirements. Increased Instacash limit with Safety Net requires recurring direct deposit into RoarMoney account. Instacash is an optional service offered by MoneyLion. Terms and eligibility requirements apply. See Instacash Terms and Conditions for more information. 2 With direct deposit. Faster access to funds is based on comparison of a paper check versus electronic Direct Deposit. 3 Round Ups is subject to terms and conditions. This optional service is offered by MoneyLion. You may be required to have certain MoneyLion accounts to use this feature. 5 MoneyLion displays personal loans in our marketplace with repayment terms from 12 months to 84 months and APR ranges from 5.99% to 35.99%. For example, if you receive a $10,000 loan with a 60-month term and a 16.21% APR, your required monthly payment would be $244.30 ($135.09 Principal + $109.21 Interest). Assuming all 60 payments are made on time, the total amount paid would be $14,657.87. All loan offers on the MoneyLion marketplace require your application and approval by the lender. Depending on the lender, other fees may apply, such as origination fees or late payment fees. See lender’s terms and conditions for additional details. You may not qualify for the lowest rates or the highest offer amounts or may not qualify for a loan at all. 6 Credit Builder loans are made by either exempt or state-licensed subsidiaries of MoneyLion Inc. NMLS 1237506 249 W 17th St, 4th Fl, New York, NY 10011
  • Google Play Store
  • Free
  • Finance

Usage Rank

#1,221

SoLo Funds: Lend & Borrow vs. MoneyLion: Bank & Earn Rewards ranking comparison

Compare SoLo Funds: Lend & Borrow ranking trend in the past 28 days vs. MoneyLion: Bank & Earn Rewards

SoLo Funds: Lend & BorrowSoLo Funds: Lend & Borrow#4,069

MoneyLion: Bank & Earn RewardsMoneyLion: Bank & Earn Rewards#1,221

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Compare SoLo Funds: Lend & Borrow ranking trend in the past 28 days vs. MoneyLion: Bank & Earn Rewards

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SoLo Funds: Lend & Borrow VS.
MoneyLion: Bank & Earn Rewards

November 26, 2024