When an unexpected expense hits and you need just $100 to cover it, a small loan can be the perfect solution. Whether it’s a late utility bill, car repair, or emergency expense, we help connect borrowers with lenders who specialize in small-dollar loans with fast approval times.

Unlike traditional banks that may have minimum loan amounts of $1,000 or more, the lenders in our network understand that sometimes you only need a small amount to bridge a financial gap. We’re not a direct lender, but we work with multiple lending partners to help you find the right loan option for your situation.

How to Get a $100 Loan: Step-by-Step Process

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Eligibility Criteria for a $100 Loan

While specific requirements vary by lender, most lenders in our network look for borrowers who meet these basic criteria:

• Age: Must be at least 18 years old (19 in some states)
• Income: Regular source of income (employment, benefits, or self-employment)
• Bank Account: Active checking account in your name
• Contact Information: Valid phone number and email address
• Residency: U.S. citizen or permanent resident
• Identification: Valid government-issued ID

Important Note: Meeting these criteria doesn’t guarantee approval. Each lender has their own underwriting standards and will make independent approval decisions based on your complete financial profile.

How Fast Can You Get a $100 Loan?

Speed is often a crucial factor when you need emergency cash. Here’s a realistic timeline for $100 loans:

Best Loan Types for Borrowing $100

Several loan products can work well for a $100 loan amount. Understanding your options helps you choose the right fit:

Payday Loans

Short-term loans typically due on your next payday. These are commonly available in $100 amounts but often carry high fees. A $100 payday loan might cost $15-$30 in fees for a two-week term, which translates to a high APR. Only consider if you can repay in full by the due date.

Installment Loans

These loans allow you to repay over several months in fixed payments. A $100 installment loan might be repaid over 3-6 months, making payments more manageable. Interest rates vary widely based on your credit profile.

Personal Loans

While many personal loan lenders have higher minimum amounts, some specialize in small loans. Personal loans typically offer better rates than payday loans for borrowers with decent credit.

Cash Advances

Some online lenders offer cash advances based on your income. These may have more flexible repayment terms than traditional payday loans but still carry significant costs.

See Your Loan Options

Can You Get a $100 Loan With Bad Credit?

Yes, it’s possible to get a $100 loan even with bad credit or a low credit score. Many lenders in our network specialize in working with borrowers who have less-than-perfect credit histories.

What lenders may consider instead of credit scores:

• Current employment and income stability
• Bank account history and activity
• Debt-to-income ratio
• Previous loan repayment history with that specific lender

Is a No Credit Check $100 Loan Possible?

Let’s be honest: truly “no credit check” loans are extremely rare and often not what they seem. Here’s the reality:

Hard Credit Checks: Traditional lenders typically perform hard credit checks that can temporarily impact your credit score. Many installment and personal loan lenders use this approach.

Soft Credit Checks: Some lenders perform soft credit checks that don’t affect your credit score. This gives them basic information about your credit history without the full impact.

Alternative Verification: Some lenders focus more on your income and banking history than your credit score. While they may still check credit databases, they weigh other factors more heavily in their decision.

Other Loan Amounts Available

Need a different amount? We can help you connect with lenders offering various loan amounts to match your specific needs:

• $50 Loan
• $200 Loan
• $300 Loan
• $400 Loan
• $500 Loan
• $600 Loan
• $700 Loan
• $800 Loan
• $900 Loan
• $1000 Loan
• $1500 Loan
• $2000 Loan
• $3000 Loan
• $4000 Loan
• $5000 Loan
• $6000 Loan
• $7000 Loan
• $8000 Loan
• $9000 Loan
• $10000 Loan
• $15000 Loan
• $20000 Loan
• $25000 Loan
• $30000 Loan
• $35000 Loan

Understanding Rates, Terms & Costs for $100 Loans

Transparency about costs is crucial when borrowing money. Here’s what you need to know:

Fees vs. APR

Finance Fees: Many short-term lenders charge a flat fee per $100 borrowed. For example, $15-$30 per $100 for a two-week loan. While this seems small, it translates to a high APR.

Annual Percentage Rate (APR): This represents the yearly cost of the loan including interest and fees. A $15 fee on a $100 two-week loan equals approximately 391% APR. While shocking, this is standard for short-term loans and why they should only be used for true emergencies.

Typical Cost Examples

Additional Potential Costs

• Late Fees: Missing a payment can result in fees of $15-$30 or more
• NSF Fees: If a payment fails, you may incur bank fees plus lender fees
• Rollover Fees: Some lenders allow loan extensions for an additional fee (not available in all states)

Your Responsibilities as a Borrower

Borrowing money, even a small amount like $100, comes with important responsibilities:

• Repay on Time: Make all payments by their due dates to avoid fees and credit damage
• Maintain Communication: If you’re having trouble repaying, contact your lender immediately
• Understand Your Agreement: Know your payment amounts, due dates, and total costs
• Protect Your Information: Keep your loan documents and account information secure
• Borrow Responsibly: Only take loans you can realistically afford to repay

Disclaimer: We are not a lender. We connect borrowers with lending partners who may be able to provide loans. Loan approval and terms are determined solely by individual lenders. Not all applicants will be approved, and loan amounts, rates, and terms vary by lender and applicant qualifications. Loans should be used for short-term financial needs only, not as long-term financial solutions. Borrowers should carefully consider whether a loan is appropriate for their situation and ensure they can repay according to the terms.