Lender Overview

MoneyLion: What You Should Know Before Applying

Fundslender is not affiliated with MoneyLion, Inc. This page is an independent overview based on publicly available information to help you research your options.

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About MoneyLion

MoneyLion, Inc. is a New York-based fintech platform founded in 2013. It offers a range of financial products through a mobile app, including small cash advances (Instacash), a credit-builder loan, a checking account (RoarMoney), investment accounts, and a financial marketplace where users can find other financial products.

MoneyLion is not a traditional payday lender. It positions itself as a consumer financial wellness platform, though its cash advance and credit-builder products serve a similar audience to short-term lenders.

Key Products

MoneyLion product overview
ProductDescriptionKey Note
InstacashCash advances up to $500 against anticipated incomeInterest-free; optional express fees may apply
Credit Builder PlusSmall loan with a portion held in a reserve accountDesigned to help build credit history over time
RoarMoneyMobile checking account through MetaBankDebit card access; fee structure varies
Financial MarketplaceAggregates offers from third-party lenders and productsMoneyLion acts as a referral platform for third-party products

Product details based on publicly available information as of early 2026. MoneyLion products and features change frequently. Verify current terms directly with MoneyLion before applying.

Key Considerations

  • Instacash advances are small, capped at $500, and are not suitable for larger financial needs.
  • MoneyLion's marketplace surfaces third-party loan offers. If you receive an offer through MoneyLion, you are transacting with that third-party lender, not MoneyLion directly. Read all third-party terms carefully.
  • MoneyLion has faced scrutiny regarding its subscription model and the clarity of its fee disclosures. Read all terms and fee schedules before enrolling in any membership.
  • For larger personal loan needs, a traditional personal loan through a lender or matching service is likely more appropriate than a cash advance product.

Frequently Asked Questions

No. Fundslender is an independent loan matching service and is not affiliated with, endorsed by, or a partner of MoneyLion. This page is an independent research resource.
MoneyLion offers small cash advances through its Instacash product, a credit-builder loan, a checking account, auto loan refinancing, and a broader financial marketplace. It also provides credit monitoring tools. Product availability varies.
MoneyLion Instacash advances are marketed as interest-free, but optional instant delivery fees and subscription fees for RoarMoney membership apply in some cases. The total cost depends on which features you use. Read all terms carefully.
MoneyLion, Inc. is a fintech company and financial technology platform, not a traditional bank. Its checking account and some other products are offered through partnerships with FDIC-insured banks. MoneyLion itself is not FDIC insured as a direct entity.
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