7 Top Loans Like Kashable & Kashable Alternatives [2024]

Kashable is an allotment loan that offers low-cost loans to you through your employers. With this benefit, you can apply online and get instant loans. The loan is repaid over time through automatic deductions from your paychecks.

It helps you manage debt, handle emergencies, make car repairs, and more, promoting financial wellness. It is the best option but if you are looking for other allotment loans like Kashable, you are in the right place! We've compiled a list of the best loans like Kashable for you to explore.

Each one offers excellent loan services like Kashable. So, to find out which one is the most effective Kashable alternative read the article below.

List of Loans Like Kashable

1. SoFi

SoFi offers unsecured personal loans that you can use for medical procedures, home improvements, moving assistance, and credit card consolidation. Due to the light credit checks, it is a fantastic alternative for you if you maintain decent credit scores.

It makes getting rid of high-interest debt and taking back control of your finances straightforward. However, SoFi loans cannot be used for real estate, investments, or education expenses.

Key Highlights

Customizable payments with origination or prepayment costs
High loan amounts and lengthy terms available
No late fees on late repayments with SoFi Loans
Flexibility to change payment dates according to your capabilities

Eligibility

Be at least 18 years old or older, depending on the legal majority age in your state.
Have a job, a job offer valid for 90 days, or a stable source of income.
Possess US citizenship, be a lawful permanent resident, or not possess US citizenship.
Have a minimum credit score of 680.

Minimum Credit Score

680

Loan Amount Range

$5000 to $100000

Interest Rates

8.99% to 25.81%

Repayment Terms

2 to 7 years

2. Upstart

Upstart provides fast funding long-term loans to federal employees and people with weak credit histories. It uses AI and unconventional data, such as college transcripts, to qualify more borrowers.

You can get approved and receive funds quickly without needing a co-signer or collateral. It review and accept applicants based on employment history and college minor, making it more accessible for those with less-than-perfect credit.

Key Highlights

Refinancing for auto loans and small business loans.
Uses AI and unique methods to evaluate applicants.
No penalties for early loan repayment, whether in full or partially.
Quick loan disbursal, often within one business day.
A 15-day grace period for late payments.

Eligibility

Be at least 18 years old.
Have a current U.S. street address.
Provide a working email address.
Provide verifiable personal information like name, birth date, and social security number.
Have a stable source of income or a full-time job offer starting within six months.
Have a personal bank account with a routing number at a U.S. institution.

Minimum Credit Score

600

Loan Amount Range

$1000 to $50,000

Interest Rates

6.50% to 35.99%

Repayment Terms

3 to 5 years

3. LendingClub

LendingClub is an online financial service that offers loans tailored to your needs. You can use the funds to consolidate debt and pay your creditors directly.

If you have less-than-excellent credit, you can apply for a loan with a co-borrower to secure lower interest rates. LendingClub provides fast funding for your financial needs.

Key Highlights

You have 15 days of grace if you pay after the due date.
You can make direct payments to creditors.
You can apply for loans together with others from LendingClub.
You won't be penalized for paying back the loan early.
You can change the due date for your LendingClub personal loans if needed.

Eligibility

Be at least 18 years old.
Show a valid form of identification.
Have a social security number.
Earn at least $35,000 per year.
Have a verifiable bank account.
Not live in West Virginia or Nevada.

Minimum Credit Score

600

Loan Amount Range

$1000 to $40000

Interest Rates

9.57% to 35.99%

Repayment Terms

3 to 5 years

4. Happy Money

Happy Money is a great option if you have fair to good credit and want to pay off existing credit card debt. However, it's not suitable for financing big purchases or covering unexpected costs since it only offers loans for credit card consolidation.

Other personal loan providers allow you to use the money for various purposes. Consolidating credit card bills simplifies monthly payments and can reduce total interest payments.

Key Highlights

Pay creditors directly.
Pre-qualification option available.
You can change payment due date every 12 months.
Access to a website for progress monitoring and payment tracking.
Eligibility for financial aid in case of a natural disaster.

Eligibility

You must be at least 18 years old and have a valid social security number and a valid checking account.

Minimum Credit Score

640

Loan Amount Range

$5000 to $40000

Interest Rates

11.52% to 24.81%

Repayment Terms

2 to 5 years

5. BMG Money

BMG Money provides allotment loans for federal employees, allowing responsible borrowing and repayment through affordable payroll deductions.

It offers payday and installment loans to you if you are a government employee with bad credit, but only if your employers are partnered with BMG Money. It offers fast funding, so you can receive funds in a maximum of 2 days without long waiting periods.

Key Highlights

It does not use FICO credit scores when reviewing loan applications.
Loan offers in minutes from any device.
You get your loan proceeds deposited in your bank accounts instantly.

Eligibility

Age requirement at least 18 years old.
Not declaring bankruptcy.
Not in the military.
Federal government employee for at least one year.

Minimum Credit Score

Loan Amount Range

$100 to $10,000

Interest Rates

16% to 35.99%

Repayment Terms

6 to 36 months

6. FinFit

FinFit is a valuable employee benefit that employers offer to help attract and retain talent. It provides you with financial resources to improve your financial well-being. With FinFit, you can focus on your financial goals, improve your overall health, and increase productivity.

The platform encourages you to save more, build credit, and offer partnership opportunities, all aimed at supporting you on the path to financial freedom.

Key Highlights

You are not responsible for the loan if the employee leaves the job with an outstanding balance.
FinFit will create a repayment plan for the former employee to pay directly.
Payroll integration handles loan repayments and avoids the need for you to manage balances or payments.

Eligibility

Age of at least eighteen.
Valid social security or tax identification number.
U.S. physical address or military address.
Employed for at least six months.
Minimum earnings of $10 per hour.

Minimum Credit Score

Loan Amount Range

$500 to $10,000

Interest Rates

Repayment Terms

5 months

7. TrueConnect

TrueConnect's financial wellness platform is open to everyone. It gives loans regardless of your credit status – no credit, poor credit, or great credit. It helps improve your retention, engagement, and productivity by providing financial support for various life events.

It provides a range of valuable services, including small-dollar and large-dollar loan programs, emergency savings, rewards, financial counseling, discounted prescriptions, debt management, and more.

Key Highlights

It helps you rebuilds your credit score.
It is safe, simple, and affordable financial solution.
Fully automated and online program.
It boosts confidence in financial capabilities.
Encourages smarter long-term financial decisions.

Eligibility

At least 18 years of age is required.
You need have a valid social security number (SSN) or individual tax identification number (ITIN) and be a citizen or permanent resident of the United States.
You must have an active email account.
You need to provide a contact phone number.
You should have a bank account capable of receiving direct deposits.
Your employer will be contacted to confirm your employment.
Your payroll should not currently be subject to assignment, wage deduction order, or garnishment.

Minimum Credit Score

Loan Amount Range

$1000 to $5000

Interest Rates

Low as 3.49%

Repayment Terms

One month

Final Words

Choosing the right lender for allotment loans can be difficult due to numerous options available. However, the article provided above about allotment loans like Kashable aims to assist you in finding the best loan that fits your needs and preferences.

By reviewing the information, you can make an informed decision and select the most suitable lender platform for your financial requirements.

FAQs

What is the most you can borrow on Kashable?

With Kashable loans, you can borrow a competitive, unsecured amount ranging from $250 to $20,000. The approval process considers a wide range of credit scores and income levels to promote financial inclusion and accessibility for borrowers.