
To apply for a Varo loan, you'll need to meet their basic requirements, which include being at least 18 years old and a U.S. citizen or resident.
Varo also requires a valid Social Security number and a checking account in your name.
To qualify for a cash advance, you'll need to have had a Varo bank account for at least 30 days and made at least one direct deposit of $1,000 or more in the past 31 days.
Varo's cash advance option allows you to borrow up to $500 with no interest or fees, as long as you repay it within 30 days.
Eligibility and Application
To qualify for the Varo Advance, your Varo account must be at least 30 days old. This means if you're new to Varo, you won't be able to borrow money from the Varo Advance feature.
There are a few other requirements you'll need to meet. Your account must have no negative credit and no overdraft. This is a crucial aspect of the eligibility process.

To be eligible, your account must also be active and have received at least $1000 via Direct Deposit in the last 30 days. This ensures that you have a stable income and can repay any borrowed amount.
Before applying, make sure you have no pending borrowed amount to repay to Varo. This will help you qualify for the Varo Advance without any issues.
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What is Cash Advance?
Varo Cash Advance is created to meet short-term credit needs of millions of Americans, providing a strong foundation for financial success with instant availability and low transparent pricing.
Varo Cash Advance can be requested through the Varo bank app, and if you're eligible, you can get a Cash Advance of up to $100 immediately.
Varo Cash Advance is designed to help customers meet their short-term financial needs, and it's available through the Varo bank app for eligible customers.
To get a Varo Cash Advance, simply open the Varo bank app and request a Cash Advance of up to $100 if you're eligible.
Eligibility Requirements

To qualify for the Varo Advance, you'll need to meet certain eligibility requirements. Your Varo account must be at least 30 days old, so if you're new to Varo, you won't be able to borrow money just yet.
Varo has a strict policy against lending to customers with negative credit or overdrafts, so make sure your account is in good standing.
To be eligible, your account must also be active and have received at least $1000 via Direct Deposit in the last 30 days.
Finally, you must have no pending borrowed amount from Varo, so make sure you're not currently paying back a loan.
Here are the eligibility requirements in a nutshell:
- Your Varo account must be at least 30 days old.
- Your account must have no negative credit or overdraft.
- Your account must be active and have received at least $1000 via Direct Deposit in the last 30 days.
- You must have no pending borrowed amount from Varo.
Getting Started
To get started with the Varo loan application, you'll need to ensure you're using the latest version of the Varo app.
First, open the Varo app and make sure it's updated to the latest version. This will ensure you have access to the most recent features and functionality.
You'll need to meet the eligibility requirements for a Varo cash advance before you can borrow money.
To borrow money from Varo, you'll need to tap "Get an Advance" within the app.
You can select the amount to borrow from $25 to $100 in increments of $25.
Frequently Asked Questions
What app can I borrow $500 from?
You can borrow $500 from apps like Varo, Payactiv, MoneyLion, or Dave, which offer cash advance loan amounts of $500 or more. Consider exploring these options to find the best fit for your financial needs.
How do you get approved for Varo?
To get approved for Varo, you must be a U.S. citizen or permanent resident, at least 18 years old, and have a physical address in the 50 states or District of Columbia. Meet these basic requirements to start the application process and learn more about our approval criteria.
Why can't I get Varo Advance?
You may not qualify for Varo Advance if your Varo Bank Account is inactive, closed, or suspended, or if you have insufficient qualifying direct deposits or outstanding Varo Advance payments. Check the eligibility requirements to see if you meet the necessary conditions.
Sources
- https://www.linkedin.com/pulse/how-borrow-money-from-varo-comprehensive-overview-efang-brandon-xosjf
- https://www.linkedin.com/pulse/step-by-step-guide-how-borrow-money-from-varo-efang-brandon-fplzc
- https://www.bankingdive.com/news/varo-bank-small-dollar-loan-product/587201/
- https://www.retailbankerinternational.com/news/varo-bank-doubles-varo-advance-limit-to-500/
- http://www.youyou.co.nz/listed-here-are-5-payday-loan-apps-that-actually/
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