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Last Updated: 04/18/2025

BetterCash Personal Loans

in Personal Loans from MoneyLion Inc.

Last Updated: 04/18/2025

Created by:

SuperMoney

Fact Checked by:

Andrew Latham

Mostly not recommended23 total votes

8 users recommend

4 users are unsure

11 users don't recommend

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Highlights

Community Rating

Mostly not recommended

APR (Fixed APR)

36% - 99%(Verified 06/21/2024)

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Amount Range

$300 - $10,000

Loan Term (Months)

12 - 36

Number of Reviews

BetterCash Personal Loans Review

BetterCash Personal Loans is offered by MoneyLion Inc., a direct lender founded in 2013 and based in New York, NY. BetterCash are available in 12 states.

Key Takeaways

APRs starting at 36%. Personal loan interest rates typically range between 9% and 36%. The starting rates for BetterCash Personal Loans are on the higher end of the spectrum.
Fast access to funds. If approved, you can sometimes get your money within 1 business day*.

BetterCash Pros & Cons

Pros

Cons

No prepayment penalty.
Considers applicants with poor credit.
Get funded in as little as 1 business day.

APRs as high as 99%.
Charges an origination fee.
Does not offer pre-approval with soft credit pull.
BetterCash Personal Loans does not report to credit bureaus.
No co-sign option available.

BetterCash FAQ

What interest rates and personal loan terms does BetterCash offer?

BetterCash has higher than average interest rates for lenders reviewed on SuperMoney.

What interest rates does BetterCash offer?

BetterCash offers a fixed APR personal loan product that ranges from 36% APR up to 99% APR.

How much can you borrow via BetterCash?

Personal loan amounts start at $300 and go up to $10,000

What is the maximum loan term you can get with BetterCash?

BetterCash offers loans with terms of up to 36 months.

BetterCash Interest Rates & Loan Terms

Personal Loan Amount

$300 - $10000

Loan Term

12 - 36 months

APR

36% - 99%

What fees does BetterCash charge?

Does BetterCash charge an origination fee?

BetterCash may charge a personal loan origination fee .

Does BetterCash charge a late fee?

BetterCash does not disclose whether it charges late payment fees.

Does BetterCash charge prepayment fees?

No, BetterCash does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the personal loan off early.

BetterCash Fees

Origination Fee

Prepayment Fee

Late Payment Fee

What do you need to qualify for BetterCash Personal Loans?

Applicants with a credit score of at least 550 and up to 720 may be eligible for BetterCash Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

BetterCash Personal Loans does not have or does not disclose a minimum annual income eligibility requirement.

BetterCash Eligibility Criteria

Minimum Age

Bank Account Required?

Yes

Credit Score

550 - 720

What is the estimated funding time for a personal loan via BetterCash?

BetterCash will typically fund loans within 1 to 3 business days of approval and clearing necessary verifications.

Does MoneyLion Inc. perform a hard credit pull?

Yes, BetterCash performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.

Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.

Are BetterCash Personal Loans legit?

MoneyLion Inc. was founded in 2013, it is a well-established company that has been in business for 13 years. BetterCash Personal Loans is mostly not recommended by SuperMoney community users.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

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