Do you need $100 as soon as possible but banks won’t lend it to you? You can stop worrying because we have the best solution for you: the best $100 payday loans in the US with instant approval, same day disbursement, no credit checks and the lowest APR in the industry.
Find our top 8 recommended companies for getting your $100 online payday loan today below, so you can get the money you need as soon as possible.
8 Best Approval Companies for $100 Payday Loans US
Here you have our list of the best $100 payday loan lenders in 2024 ranked by their best benefit. Click on the name of your favorite lender to start your application and get your $100 as soon as possible.
| Payday Loan Lender | Best Benefit | Score |
|---|---|---|
| Big Buck Loans | Fastest disbursement | 10/10 |
| Honest Loans | Easiest online application | 10/10 |
| Low Credit Finance | Biggest selection of lenders | 9/10 |
| Credit Clock | Most flexible repayment periods | 9/10 |
| Fast Loans Group | Best for no credit checks | 9/10 |
| Money Mutual | Fastest disbursement | 8/10 |
| Heart Paydays | Fastest online application | 8/10 |
| Fast Money Source | Highest approval rate | 8/10 |
If you need more information about each lender to choose the best company for taking out your $100 payday loan, we invite you to read our detailed reviews.
Big Buck Loans: Fastest Approval for $100 Payday Loans
If you need $100 in record time, then you should rely on Big Buck Loans because it’s the payday loan lender with the fastest approval in the industry. And given that you only need $100, they will approve your application immediately and proceed to disburse the loan in less than 12 hours.
Furthermore, Big Buck Loans offers a high approval rate for all types of customers and one of the lowest APR and finance charges for $100 payday loans, making it an incredible choice if you need money right now.
Big Buck Loans also offers flexible repayment periods for $100 payday loans, making it a great choice whether you need a short-term or long-term loan, all without increasing your interest rate or finance charges.
Honest Loans: Easiest Online Application
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Be it on desktop or mobile, Honest Loans offers the easiest application process when requesting a $100 payday loan online. Because you can complete the entire process in less than 5 minutes and receive immediate application, Honest Loans is one of our top recommendations for getting $100 fast.
Honest Loans unites its easy online application process with a competitive APR, flexible repayment periods and same day disbursement, making it a competitive option when looking for a $100 payday loan.
Since it doesn’t perform hard credit checks, you can get approved at Honest Loans even with bad credit or zero credit history. And the same goes for low income, this company offers one of the highest approval rates in the industry.
Low Credit Finance: Biggest Selection of Lenders
If you want a broker that will bring you the largest number of offers to compare and choose from, then Low Credit Finance is the payday loan company you’re looking for. Thanks to having the biggest network of direct lenders, you can rely on it to get dozens of different $100 payday loan offers to find the best one for you.
Thanks to this massive network of lenders, Low Credit Finance can find you an offer regardless of your credit score, income level, debt-to-income ratio or employment situation. And the same goes for interest rate and finance charges: you’ll get multiple options to compare and choose from.
Credit Clock: Most Flexible Repayment Periods
Most payday loans are short term, but if you need more time to repay your credit, then you should explore the available options at Credit Clock, because it’s the company with the most flexible repayment periods for $100 payday loans.
In addition to the multiple options for repaying your $100 loan, you’ll also get access to premium interest rates and finance charges regardless of your credit score because they don’t perform credit checks.
When it comes to approving and disbursing your loan, Credit Clock is amongst the fastest, especially since they work 24/7. It doesn’t matter the time of the day, you can rely on them to get your $100 fast and at a low cost.
Fast Loans Group: No Credit Checks on $100 Payday Loans
If you’re seriously worried about credit checks because they might impact your credit score or that it will increase the cost of your payday loan, then you should apply for a $100 payday loan at Fast Loans Group, because they perform zero credit checks when evaluating your application.
Fast Loans Group is also famous for charging a highly competitive APR for $100 payday loans, approving applications immediately and disbursing loans in record time (2-4 hours in the majority of cases).
Money Mutual: Fastest $100 Payday Loan Disbursement
If you need $100 to cover emergency expenses and you cannot afford to wait 12-24 hours, then Money Mutual is the best option for you because it offers the fastest $100 payday loan disbursement in the US. According to stats, they approve applications instantly and disburse the loans in an average of 1 hour, making it the best choice for emergencies.
Money Mutual also charges a competitive APR despite being emergency payday loans. And when it comes to approval rate, they welcome bad credit, low income and unemployed customers.
Heart Paydays: Fast Online Application
Heart Paydays is a solid choice when you need a $100 payday loan because it offers an easy and fast application process, a competitive APR, same day disbursement and flexible repayment periods.
Because it has a network of reputable lenders, you can compare different offers and pick the best one for you. And since they are available 365 days of the year, you can apply for a loan at any time and they will review your application instantly.
Fast Money Source: High Approval Rate
If you have extremely bad credit, low income, zero credit history or if you’re currently unemployed and you want to make it almost guaranteed that you’ll get your $100 payday loan, then you should apply for it at Fast Money Source. Since it offers a very high approval rate for all types of customers, it’s the best choice from our ranking for getting the $100 you need right now.
They couple their high approval rate with instant approval and fast disbursement, making it one of the most reliable companies when looking for $100 payday loans.
How to Apply for a $100 Payday Loan Online in 5 Steps
If you’re ready to take out your $100 payday loan but you don’t know how to apply for it, just follow our short tutorial and you’ll have the money in your bank account in record time:
- Choose your favorite company from our ranking
- Visit the website and fill out the $100 payday loan application
- Wait for the automatic review and approval
- Check the available offers and loan terms and conditions
- Agree to the $100 payday loan terms and receive your money
The entire process will take you 5-10 minutes because it’s 100% automatized thanks to AI technology. It will automatically review your application and let you know if you’ve been approved, then you can review the available loan offers, and once you agree on any of the available loans, the company will proceed to disburse the cash.
Keep in mind that the disbursement process can take from 1 to 24 hours depending on your case and the company you choose. If you want to get your $100 the soonest, then we recommend you to opt for Big Buck Loans or Money Mutual.
What Was Our Criteria for Selecting the Top Payday Loans for $100 in 2024?
If you are wondering why our recommended companies are the best choices when applying for a $100 payday loan online, here you have our selection criteria that will let you see why you can trust our selected lenders.
Only Licensed and Reputable Payday Loan Lenders
Because our goal is to help you get the $100 you need as soon as possible and under the best terms and conditions, we only recommended licensed and reputable payday loan lenders. It means that they must be registered in all the states they do business in and they must hold a clean record supported by positive reviews and ratings.
High Approval Rate for All Types of Customers
You’re looking for a $100 payday loan because you need the money now and other lenders might have already rejected your application. This is why we only select payday loan lenders that offer a high approval rate for all types of customers including…
- Bad credit
- Extremely bad credit
- No credit history
- Unemployed
- Students
- Low income
- Self-employed
Our recommended lenders are here to bring you the cash you need regardless of your situation since their eligibility criteria is easy to meet by the majority of applicants, bringing you the highest approval rate in the industry.
Fair Interest Rate and Charges
Our recommended lenders will never charge more than 35.99% APR or go above the regulations of your state. The same goes for finance charges, you’ll pay the lowest fees in the industry when taking out a loan from our recommended $100 payday loan lenders.
We understand that some companies might charge an excessive APR and hidden fees, turning your small $100 loan into a big expense, but our recommended companies will lend you the money you need at the best price.
Fast Approval and Disbursement
If you’re looking for a $100 payday loan then chances are you need the money as soon as possible, and this is why we have only selected lenders capable of approving your application instantly and disbursing the money the same day.
This is why we only recommend lenders that use high-tech systems to review and approve applications in record time. All of our selected companies can approve your application immediately and disburse the $100 the same day.
Favorable Repayment Terms and Conditions
Payday loans can be honest, transparent and fair, and this is why we have only chosen lenders that can provide you with favorable repayment terms and conditions, and this includes…
- Flexible repayment periods
- No hidden finance charges or fees
- Fixed APR
- Clear policies for late repayment
You’ll get the best deal when taking out a $100 loan from our recommended lenders because they will respect and protect your rights.
Honest and Transparent Contracts
You deserve to know the exact terms and conditions you’re agreeing to when taking out a $100 payday loan from our lenders, and this is why we have only selected companies that can offer you honest and transparent contracts. You can review them in detail to ensure that you’re getting the exact same loan as advertised.
How Do $100 Payday Loans Work?
As their name suggests, they are short-term loans that should be paid soon after your payday, hence they’re usually lent for 14 to 28 days, especially given that it’s a small credit at $100. However, the concept of $100 payday loans has evolved radically with the passing of years because now you can repay it in multiple installments and with a lower APR and cheaper finance charges. Looking to borrow more? Check out these articles for $200 and $500 options
Nowadays, $100 payday loans can be used as emergency loans, bad credit loans, very bad credit loans, no credit history loans and same day disbursement loans, because they’ve surpassed beyond their original rules, making them highly versatile and useful credit products.
They work like conventional personal loans: You fill out the application, you review the loan terms and conditions, you receive the money and then you repay the payday loan on the agreed date.
The only features that work differently in payday loans versus conventional personal loans is that the repayment periods tend to be shorter and the APR is likely to be higher, especially for customers with bad credit or no credit history.
Eligibility for Payday Loans $100 in the USA: Discover If You Can Get Approved
Find out if you’ll be approved for a $100 payday loan through our recommended lenders by checking the eligibility criteria they use when analyzing your application:
- You must be at least 18 years old
- You must be a US citizen or permanent resident
- You must have an active bank account
- You must have a phone number and email address
- You must have a verifiable and consistent source of income
- You must have a favorable debt-to-income ratio (DTI)
As you can see, almost everyone can get approved for a $100 payday loan by our recommended lenders. Don’t wait any longer and send your application now to get the cash you need immediately.
About Credit Score and $100 Payday Loans: Can You Get One even With Bad Credit or No Credit History?
Even though $100 payday loans offer one of the highest approval rates in the industry, many potential applicants with bad credit or no credit history wonder if their application will get approved considering their credit situation. If you’re one of them, here you can find all the answers to your questions.
Understanding What Bad Credit Is
Bad credit is any score below the 580 points mark in the traditional scale of 300 to 850 points for measuring creditworthiness in the USA. And since credit score is cataloged as Very Good, Good, Fair and Poor, all the scores in the Fair and Poor categories are deemed as bad credit.
It’s worth noting that if you have a credit score in the 300 to 400 points, then it will be labeled as extremely bad credit, and hence your chances of getting approved for a traditional personal loan at a bank will be practically zero.
Fortunately, our recommended payday lenders don’t take your credit score into account at the hour of determining your creditworthiness, as they use other factors such as debt-to-income ratio and income.
Payday Loans Don’t Factor In Your Credit Score When Approving Your Application
Our recommended payday lenders don’t consider your credit score when evaluating your application because they don’t perform hard credit checks. They will simply use your credit score for calculating your interest rate and finance charges.
Your Debt-to-Income Ratio and Income Determine Your Eligibility for $100 Payday Loans
Your income and debt-to-income ratio (DTI) are the most influential factors that will determine your eligibility, even if you have bad credit or no credit history at all. This is why we invite you to focus on these so you can improve your chances of getting approved by our recommended lenders.
Ideally, your DTI should be a maximum of 35% but preferably lower, since it will show the lender that you’re capable of taking on new debt and that you won’t have problem repaying it. And regarding your income, since it’s a $100 loan, you only need to meet their minimum income requirement of $800 to $1,000 per month. Therefore, if you work a part time job at entry level, chances are the lender will approve your loan application.
You Can Get Approved Even With Zero Credit History
Since our recommended payday lenders don’t consider your credit score as an eligibility factor, you don’t have to worry about having zero credit history either. Because thousands of applicants, especially students looking for a $100 payday loan for students, haven’t started to build their credit history yet.
What Are the Uses for Payday Loans?
Here you have the most popular uses for $100 payday loans in the USA, so you can see how useful these special loans are.
For Unexpected or Emergency Expenses
If you need money for a quick car repair, paying for unexpected travel expenses or any other type of emergency, then you can rely on a $100 payday loan to get the cash you need. Since payday loan lenders don’t ask questions about how you will use the money, they’re ideal for unexpected or emergency expenses.
When You Cannot Get Other Type of Loan due to Bad Credit
Unfortunately, if you have bad credit then the majority of lenders will reject your applications, especially for personal loans without collateral. And this is when $100 payday loans will become a godsend for you, because you can get approved even with extremely bad credit.
When You Don’t Have Credit History
If you’ve never taken out a loan or a credit card before, then chances are you have zero credit history and this can be a major problem when applying for loans at the majority of banks and financial institutions. Fortunately, you can get approved for $100 payday loans even without credit history since they don’t include this factor when evaluating your application.
When You Need Money Immediately
Even the fastest banks can take up to 24 hours to disburse your loan, and that’s a big no if you need money right now. This is why payday loans for $100 are a much better alternative, because you can receive the money within 1-2 hours when requesting it from our recommended lenders.
When You Are Unemployed
If you’re unemployed, then you can expect most banks to reject your loan application right off the bat. Fortunately, payday loan lenders can easily lend you $100 even if you don’t have a job, as long as you have an alternative income source such as a pension, unemployment benefits, independent work, dividends, etc.
When You Have Low Income
If you have low income and you need money urgently, then a $100 payday loan can help you because our recommended lenders offer a high approval rate for low income customers. Since they have a friendly eligibility criteria, you can rely on them to get the money you need.
Are $100 Payday Loans Legal in the USA?
Yes, $100 payday loans are legal in 37 states that include Florida, California, Alabama, Colorado, Delaware, Idaho, amongst others. States where payday loans are illegal include New York and Montana.
The regulations for payday loans will vary depending on the state, but considering that you’re only requesting $100, they’re legal in all the previously listed states.
This is why we have only selected payday loan lenders that are registered and licenced by all the states they do business in. This guarantees that you’re taking out a loan from a reputable, regulated and legal company.
Can You Apply for a $100 Payday Loan on Mobile?
Yes, our recommended lenders have 100% mobile websites that allow you to apply for your $100 payday loan from any mobile device on iOS, Android and Windows. You can fill out the application form in a few clicks and the system will automatically let you know if you’ve been approved for the credit.
Therefore, if you’re looking for a $100 payday loan app, then you can find it at our recommended companies, because they offer 100% online payday loans that you can request 24/7 with immediate approval and same day disbursement.
Are $100 Payday Loans Guaranteed Approval?
No, our recommended payday loans for $100 don’t guarantee approval since it’s misleading advertising. Even though they offer the highest approval rate in the lending industry, you might still not qualify for a loan due to the following reasons:
- Your debt-to-income ratio is too high
- You have too many credit accounts
- Your income won’t cover the expenses of the loan
- You haven’t repaid an outstanding payday loan yet
We’re being transparent and honest here to inform you about what to expect from our recommended payday loans. Since we only recommend legit companies, they don’t offer guaranteed approval because it’s against regulations and the law for this type of financial products.
Are $100 Payday Loans Instantly Approved?
Yes, all of our recommended $100 payday loans are instantly pre-approved if the system verifies that you meet all the prerequisites. Our recommended companies use AI-powered systems to review and evaluate your application to determine your creditworthiness immediately, to inform you if you’ve been approved for the $100 loan.
After being pre-approved, the lender will show you all the available options for taking out your $100 payday loan such as repayment terms, conditions, interest, finance charges, amongst other important factors.
Once you accept all the terms and conditions, the lender will proceed to deposit your $100 into your bank account the same day.
The entire process of approval and disbursement will take anywhere from 1 to 12 hours in the majority of cases. If you want your money even faster, we recommend you to pick Big Buck Loans or Money Mutual, as they are the fastest payday lenders in the USA when applying for $100.
Differences Between Direct Lenders and Brokers of $100 Online Payday Loans US
When applying for a $100 payday loan online you have two options: direct lenders and brokers. Our ranking includes both options and here we will let you know the key differences.
Direct Lending vs. Pool of Lenders
A direct lender, as its name clearly suggests, will directly lend the $100 to you. They handle the entire process on their own, making the application and disbursement process as smooth as possible. On the other hand, a broker will share your application with their pool of hundreds of lenders.
If you need the money badly and you don’t want to spend time comparing offers, then we recommend you to opt for a direct lender. However, if you want to compare different offers and pick the best one, a broker is your best option.
One Choice vs. Multiple Options for Interest Rate and Repayment Periods
A direct lender offers you only one choice, whereas a broker will bring you the opportunity to compare multiple options for interest rate, finance charges, repayment periods, terms and conditions, amongst other factors.
About the Disbursement Speed
A direct lender is usually faster than a broker because you’re directly dealing with the lender, making the application and disbursement process more efficient. However, our recommended brokers can be as fast as direct lenders because they use advanced AI-powered systems to analyze applications and help their network of lenders to disburse the money as soon as possible.
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