Compare and Apply for the Cheapest $100 Loans in Seconds
— Comparison updated Jul 2025
- Compare top $100 loan options instantly
- Explore non-borrowing alternatives
- Find lenders with quick payouts
Personal loan
Personal loan
Personal loan
Personal loan
Personal loan
Finding yourself in need of a quick $100 can be stressful, but don't worry – you're not alone. Whether it's an unexpected bill, a minor car repair, or just making ends meet until payday, many Americans face this situation.
And this is where you can count on Financer to help you. We won't lend you this $100, but we'll help you compare the available offers and find the leading lenders for your situation.
We've analyzed dozens of lenders and their offers to be able to instantly show you options based on your location, credit profile, and financial needs.
Options to Get a $100 Loan
You have many alternative ways to get the $100 you need. Even if some options haven't worked out, we'll guide you through some effective shortcuts.
Payday Loans
The most common option for $100 loans is a Payday Loan. These are short-term, high-cost loans typically due on your next payday, usually within 2-4 weeks.
Designed for emergencies, they have lenient requirements, making them accessible even with bad credit.
However, the significant drawback is their high APRs, often exceeding 300%, with a typical cost of $15-$30 for every $100 borrowed.
Consider a Payday Loan if
You need money as soon as possible and cand repay it on your next payday
You understand the high cost and can avoid a debt cycle
You have poor credit and can't access more affordable options
Cash Advance Apps
For $100 loans, the newer option in the financial technology space are the cash advance apps. They can provide small, short-term loans, often with more favorable terms than traditional payday loans.
These are also designed for repayment on your next payday, making them similar to payday loans.
Personal Loans
While many personal loans are for larger amounts, some lenders offer small personal loans starting at $100. These can be a good option if you need more time to repay than a payday loan allows.
What to Know About Small Personal Loans
Interest rates typically range from 6% to 36% APR, based on credit score
Repayment terms are usually 1 to 12 months for small amounts
May require a credit check, impacting approval and rates
Some lenders offer same-day or next-day funding
Credit Union Payday Alternative Loans (PALs)
If you're a member of a federal credit union, Payday Alternative Loans (PALs) can be an excellent option. These small, short-term loans are designed to help you avoid the high costs of traditional payday loans.
Key Features of PALs
Borrow $100 to $2,000
Interest rates capped at 28% APR
Loan terms from 1 to 12 months
No rollovers, helping you avoid debt traps
If you're not a credit union member, consider joining one. Many have relaxed their membership requirements, and the potential savings on small loans like this can be substantial.
Credit Card Cash Advances
If you have a credit card, a cash advance can be a quick way to get $100. However, this option comes with significant drawbacks that you should consider carefully.
Cash Advance Considerations
High interest rates, often 24% APR or higher
Interest begins accruing immediately, no grace period
Additional cash advance fees, typically 3-5% of the amount
Can negatively impact your credit utilization ratio
Understanding the True Cost of a $100 Loan
Before taking out any loan, it's crucial to understand the total cost. Let's compare the potential costs of borrowing $100 through different methods:
| Loan Type | APR | Fees | Total Repayment (14 days) | Cost of Borrowing |
|---|---|---|---|---|
| PAL | 28% | $0 | $101.08 | $1.08 |
| Personal Loan | 36% | $0 | $101.38 | $1.38 |
| Cash Advance App | N/A | $5 (tip) | $105 | $5 |
| Credit Card Cash Advance | 24% | $10 (10%) | $110.92 | $10.92 |
| Payday Loan | 400% | $15 | $115 | $15 |
As you can see, the cost of borrowing $100 can vary dramatically. Payday Alternative Loans (PALs) and some personal loans offer the most affordable options, while payday loans can cost you significantly more.
What Do I Need To Get a $100 Loan?
Getting a $100 loan can vary depending on the lender and type of loan you're pursuing. However, most lenders will require some basic information. Here's what you'll typically need to provide:
Having these documents ready before applying can speed up the process and increase your chances of approval.
FAQs About $100 Loans
What can I do with a 100 dollar loan?
Sometimes, you don’t need a lot of money to handle your emergency. A loan for as little as $100 can make the difference when your situation only needs a little cash to rectify.
Taking out an instant $100 loan also generally means you must repay it quickly – often on your next payday. These quick loans are absolutely perfect when you’re in a pinch.
You can use $100 payday loans for several reasons:
- You need groceries for the week but lack the funds
- The car is low on gas, and payday is a couple of days away
- A small unexpected expense has reared its head like a utility bill or potential overdraft
Where can I get a $100 loan?
Most online payday lenders offer small loans of $100 which are usually due when you receive your next paycheck.
How much will a 100 dollar loan cost?
If you're thinking, 'I need a 100 dollar loan now', you may want to consider the cost. Depending on your state, loan fees are usually between $15 and $30 for a $100 loan. For a small loan amount like this, it might be a better option to take out a loan with family and friends, before applying for a payday loan.
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