It’s an apples to oranges comparison because ThriveCash is an extremely unique financial product specially designed just for students in school.
The first difference is access. Students have a hard time getting access to loans while they are studying because of three main reasons:
- Banks don’t approve personal loans for students while they are studying because they have no source of income and often little to no credit history.
- Banks often also require parents as a co-signers besides in cases of impeccable credit history.
- Even if a bank gave a student a person loan, the student doesn’t have the means to start making monthly payments because they have no job and thus no income! This will hurt your credit.
By contrast, every undergraduate and graduate student with an upcoming offer letter for an internship or full-time job can use ThriveCash.
The best part about ThriveCash, though, is the ease, instantaneity, and flexibility it offers. Riding over to the bank, filling out a formal application, waiting weeks for a response – all of this back and forth is a pain that ThriveCash circumvents.
With ThriveCash, though, you do everything in the app. You can take cash in literally 5 minutes with a few swipes, and the amount you picked arrives within a business day. Best of all, you pay nothing until you start working, and can take more cash or adjust your plan with us anytime.