With the usage of cash advance apps increasing gradually, more and more people are willing to spend in personal finance app development. One such app is Dave and Dave clone app, which is popularly sought after by many. A Dave clone app is convenient and has excellent benefits in usage.
Advantages of using a personal finance app like Dave
1. Users can receive a standard and faster sanction of loan
2. The loan is interest-free, and the users can pay back the exact amount that was borrowed.
3. The app provided overdraft protection where people run out of cash or struggle to pay back their fees or loans.
4. The app keeps track of the user's monthly expenses and helps the user cut out on unwanted expenses.
5. The app also gives ideas on investments that the user can do.
Features of Dave clone app
1.Automatic repayment
The loan amount that was borrowed is automatically debited from the user's account once the paycheck is credited.
2. Request to postpone payment
Users can also request the Dave clone app to delay the repayment, in which case the loan amount will not be auto-debited, and the user can pay when they want. The users need to renew this loan by paying a small amount.
3.Instant cash advances
Interest-free and instant cash advances can be availed and paid back once the paycheck is credited. This helps in promoting the app as no overdraft protection.
4.Budget tracking and predictive analysis
The app analyzes the spending habits of the user and helps keep track of the budget and expenses.
5.Gig work listing
The user can make investments using this. The app lists several money-making gigs that the users can avail of to increase their revenue.
