Get a $200 Loan Today

Comparison updated Jun 2025

Written by human
Written by Joe Chappius

- Jun 5, 2025

Edited by Sam Onelia
  • Compare lenders with $200 loans
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65 of customers chose this
Annual interest rate5.99% - 35.99%
Loan amount$100 - $40,000
Term2 months - 6 months
Accept bad credit historyYes
Weekend payoutNo
Payment within 24 hoursNo
Financer Score
4.8
Overview
Details
Annual interest rate5.99% - 35.99%
Loan amount$100 - $40,000
Term2 months - 6 months
Accept bad credit historyYes
Weekend payoutNo
Payment within 24 hoursNo
Get started
291 of customers chose this
Annual interest rate11.74% - 24.79%
Term6 months - 7 years
Accept bad credit historyYes
Weekend payoutNo
Payment within 24 hoursNo
Financer Score
4.3
Overview
Details
Annual interest rate11.74% - 24.79%
Term6 months - 7 years
Accept bad credit historyYes
Weekend payoutNo
Payment within 24 hoursNo
Get started
77 of customers chose this
Annual interest rate5.99% - 35.99%
Loan amount$100 - $20,000
Term2 months - 6 years
Accept bad credit historyNo
Weekend payoutNo
Payment within 24 hoursYes
Financer Score
4.0
Overview
Details
Annual interest rate5.99% - 35.99%
Loan amount$100 - $20,000
Term2 months - 6 years
Accept bad credit historyNo
Weekend payoutNo
Payment within 24 hoursYes
Get started
16 of customers chose this
Annual interest rate5.99% - 35.99%
Loan amount$500 - $35,000
Term2 months - 6 years
Accept bad credit historyYes
Weekend payoutNo
Payment within 24 hoursNo
Financer Score
3.5
Overview
Details
Annual interest rate5.99% - 35.99%
Loan amount$500 - $35,000
Term2 months - 6 years
Accept bad credit historyYes
Weekend payoutNo
Payment within 24 hoursNo
Get started
10888 of customers chose this
Annual interest rate6.7% - 35.9%
Loan amount$1,000 - $50,000
Term6 months - 5 years
Accept bad credit historyYes
Weekend payoutYes
Payment within 24 hoursNo
Financer Score
3.3
Overview
Details
Annual interest rate6.7% - 35.9%
Loan amount$1,000 - $50,000
Term6 months - 5 years
Accept bad credit historyYes
Weekend payoutYes
Payment within 24 hoursNo
Get started

All unsecured personal loans through Upstart offer a fixed rate and range between 6.6% - 35.99% APR based on 5-year rates offered in March 2025. The lowest rates are only available to the most qualified applicants. Your APR will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will be approved.

Finding yourself in need of a quick $200 loan can be stressful, but 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.

But before you rush into a loan, let's explore your options and find the smartest way to get the cash you need.

Find $200 Loan Options Instantly with LoanFinder

If you’ve decided a loan is your best option, start by comparing available offers:

Compare $200 Loan Offers Now

Why use our LoanFinder?

  • See only loans legally available in your area

  • Compare rates and terms across multiple lenders instantly

  • Save time and avoid predatory lenders

While $200 might seem like a small amount, it's crucial to approach even minor loans with caution. Small loans can come with high interest rates and fees, potentially trapping you in a cycle of debt.

Where to Get a $200 Loan

If you've exhausted other options and still need to borrow $200, it's crucial to understand your choices. Remember, even small loans can have big impacts on your financial health. Let's break down the most common $200 loan options:

Personal Loans

While many personal loans are for larger amounts, some lenders offer small personal loans starting at $200. These can be a good option if need more time to repay than a payday loan allows.

If you have poor credit consider using a service like LoansUnder36 which will provide a variety of small loan options for your situation from multiple lenders.

What to Know About Small Personal Loans:

  • Interest rates typically range from 6% to 36% APR, based on credit score

  • Repayment terms usually 3 to 18 months for small amounts

  • May require a credit check, impacting approval and rates

  • Some lenders offer same-day or next-day funding

Cash Advance Apps

A newer option in the financial technology space, cash advance apps can provide small, short-term loans, often with more favorable terms than traditional payday loans.

  • Earnin: Advance up to $100 per day based on hours worked

  • Dave: Offers advances up to $200 with a monthly membership fee

  • Brigit: Provides up to $250 in cash advances with a subscription

Caution

While these apps often have lower fees than payday loans, be aware of subscription costs and potential overdraft risks. Always read the terms carefully.

Payday Alternative Loans (PALs)

If you're a member of a federal credit union, Payday Alternative Loans (PALs) can be a lifesaver. These small, short-term loans are designed to help you avoid the high costs of traditional payday loans.

Key Features of PALs

  • Borrow $200 to $2,000

  • Interest rates capped at 28% APR

  • Loan terms from 1 to 12 months

  • No rollovers, helping you avoid debt traps

Pro Tip

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 $200. 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

This might be for you if:

  • You need cash immediately

  • You can repay the amount quickly to minimize interest charges

  • You understand and accept the fees involved

Smart Alternative Ways to Get $200 Fast

Before considering a loan, let's explore some clever alternatives that might help you avoid borrowing altogether. Remember, the best $200 is the one you don't have to pay back with interest.

​1. Sell Unused Items

Look around your home. That old smartphone, rarely-used exercise equipment, or designer clothing could be your ticket to $200. Here's how to turn your clutter into cash:

Quick Selling Tips

  • Use apps like eBay, Poshmark, or Facebook Marketplace for easy local sales

  • Consider electronics buyback programs for quick cash on old devices

  • Host a garage sale to clear out multiple items at once

​2. Gig Economy Jobs

In today's connected world, earning a quick $200 through side gigs is easier than ever. Here are some options that could help you reach your goal quickly:

Fast Cash Gigs

  • Rideshare driving (Uber, Lyft) - can earn $200 in a weekend

  • Food delivery services (DoorDash, Grubhub) - flexible hours, quick payouts

  • Task-based apps (TaskRabbit, Fiverr) - use your skills for quick cash

  • Pet-sitting or dog-walking services (Rover, Wag) - perfect for animal lovers

​3. Negotiate Bills or Payment Plans

If you need $200 to cover a bill, try negotiating before borrowing. Many companies are willing to work with you, especially if you've been a good customer. Here's how to approach it:

Negotiation Strategies

  • Explain your situation honestly and ask for a payment extension

  • Inquire about any available hardship programs or discounts

  • Offer to set up a payment plan to spread out the cost

  • Consider asking for a one-time fee waiver if applicable

Remember, the worst they can say is no, and you might be surprised by how willing companies are to work with you to keep your business.

Build an Emergency Fund

While these methods can help in a pinch, the best long-term solution is to build an emergency fund. Start small by setting aside just $10 a week. In less than five months, you'll have $200 saved for unexpected expenses, breaking the cycle of needing quick cash solutions.

Understanding the True Cost of a $200 Loan

Before taking out any loan, it's crucial to understand the total cost. Let's compare the potential costs of borrowing $200 through different methods:

Loan TypeAPRFeesTotal Repayment (30 days)Cost of Borrowing
PAL28%$0$204.67$4.67
Personal Loan36%$0$206$6
Cash Advance AppN/A$5 (tip)$205$5
Credit Card Cash Advance24%$10 (5%)$214$14
Payday Loan400%$30$260$60

Key Takeaway

As you can see, the cost of borrowing $200 can vary dramatically. Payday Alternative Loans (PALs) and some personal loans offer the most affordable options, while payday loans can cost you significantly more.

Remember, the APR doesn't tell the whole story for short-term loans. Always calculate the total cost of borrowing to make an informed decision.

Consider not just the immediate cost, but also how the loan will affect your budget in the coming weeks or months.

What Do I Need To Get a $200 Loan?

Getting a $200 loan can be different depending on who you borrow from and what kind of loan you're after. But no matter what, you'll probably need to show some basic information. Here's what most lenders will ask for:

Basic Documents for Most $200 Loans

  • Proof of Income: Recent pay stubs, bank statements, or tax returns

  • Identification: Valid government-issued ID (e.g., driver's license, passport, or state ID)

  • Proof of Address: Utility bills, lease agreements, or bank statements

  • Bank Account Information: For direct deposit and automatic withdrawals

Making the Right Choice for You

When you need $200 fast, it's easy to feel pressured into making a quick decision. However, taking a moment to consider your options can save you money and stress in the long run. Here's how to approach your decision:

Ask yourself

  • Is this expense truly urgent, or can it wait?

  • Have I explored all non-borrowing options?

  • Can I cut expenses elsewhere to cover this need?

  • Will borrowing $200 now prevent a larger financial issue later?

Being honest with yourself about the urgency and necessity of the expense can help you avoid unnecessary borrowing.

Compare Your Options

If you've decided that borrowing is necessary, take the time to compare your options carefully:

Factors to Consider

  • Total cost of borrowing (interest + fees)

  • Repayment terms and flexibility

  • Impact on your credit score

  • Speed of funding

  • Potential consequences of late or missed payments

Pro Tip

Use our loan comparison tool to quickly see which options are available to you and compare their terms side-by-side.

Plan for Repayment

Before accepting any loan, have a clear plan for how you'll repay it:

Repayment Strategies

  • Create a budget that prioritizes loan repayment

  • Set reminders for due dates to avoid late fees

  • Consider automatic payments if available

  • Plan to pay more than the minimum if possible to reduce interest

Think Long-Term

While solving your immediate need for $200 is important, it's equally crucial to consider your long-term financial health:

Future-Focused Actions

  • Start building an emergency fund to avoid future borrowing

  • Look for ways to increase your income or reduce expenses

  • Consider financial counseling or budgeting classes

  • Work on improving your credit score to access better borrowing options in the future

Final Thoughts on $200 Loans

Needing a quick $200 can be stressful, but it's important to approach the situation calmly and strategically. Remember these key points:

Key Takeaways

  • Explore non-borrowing options first, such as selling items or picking up gig work

  • If you must borrow, compare options carefully, focusing on total cost and repayment terms

  • Avoid high-cost options like payday loans if possible

  • Have a clear repayment plan before accepting any loan

  • Use this experience as motivation to build an emergency fund for future unexpected expenses

Remember, your financial journey is unique, and what works best for someone else might not be the right solution for you.

Take Action Now

Ready to explore your $200 loan options? Use our loan comparison tool to see what's available to you:

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