How does the Brigit loan process function?

The Brigit loan process is designed to provide users with a streamlined and convenient method for accessing short-term funds to avoid overdraft fees and manage small financial emergencies. After downloading the Brigit app and completing the registration, users must connect their primary checking account and provide relevant financial information to help Brigit assess their financial health. The app uses algorithms to monitor the user's banking activity and predict if they may run low on funds before their next paycheck. Eligible users who meet specific criteria, such as maintaining a positive bank balance and showing a consistent record of income deposits, can request an advance. If approved, Brigit disburses funds typically within 1-2 business days, or instantly for an additional fee. The loan amount, which is generally small, must be repaid on the agreed-upon due date, typically set to coincide with the user's next payday. Importantly, Brigit emphasizes no hidden fees or required tips, setting itself apart from some other cash advance services.