$100 Loans

Apply for a $100 Loan

When applying for a $100 payday loan, lenders will consider a few factors like your employment status, credit history, and more. 

Athough most lenders allow you to pre-qualify without hurting your credit score, applying for a $100 loan could turn out to be quite expensive. This is because interest rates on payday loans are quite high. 

Considerations When Taking Out a $100 Loan

Some things to take into consideration about $100 payday loans include:

• Rates will be much higher than a bank loan.
• Repayment is through a debit from your bank account.
• To be approved, the bank account must be in good standing, and of a certain age.
• You must meet the lender’s minimum income requirements.

You can get a $100 payday loan without a credit check, which is why some borrowers prefer them to bank loans.

Also, many banks have minimum loan amounts that far exceed $100, so you shouldn’t be forced to borrow $1,500 when all you only need is $100.

These loans are designed for when you are caught between a rock and a hard place. If you are willing to accept the higher rate and the direct debit from your bank account, you can apply online and have the cash in as little as 24 hours.