Top 8 Apps in the US for Instant Loans Over $100

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An additional $100 can sometimes make a huge difference. And because of the apps we’ve reviewed, you shouldn’t have any problems obtaining a small loan quickly and hassle-free.

You can get a $100 or more short-term loan even if your credit isn’t the best, whether you use an online loan network or a mobile app. Best of all, you can get money into your bank account from most of these loan sources in a matter of hours.

The greatest of these loans will be examined in this piece, along with answers to your most common queries. Save it for the next time you’re in dire need of quick cash.

Top All-Around $100+ Instant Loans

Online networks and instant cash advance apps make up these loan sources. Their stellar reputations and efficient services help them achieve top rankings.

1. Dave ExtraCashTM Account

Lender’s Highlights

  • Subject to eligibility and identity verification, get up to $500 to your Dave Spending Account in five minutes or less, or within an hour to a different linked debit card.
  • Find out how much of an advance you can get without having your credit checked.
  • When you accept the advance, you also agree to a settlement date. There are no late fees or interest.
  • To access or download the Dave app, click the link and select ExtraCashTM. Before you can receive your first ExtraCashTM advance in a matter of taps, we’ll need to know a few details about you and your bank.
Loan AmountInterest RateLoan Term
Up to $500N/AView terms

More than 7 million downloads of the Dave ExtraCashTM Account attest to its popularity. You can expedite your direct deposit process by up to two days by using the app to open an online bank account. After everything is set up, you can get a free cash advance of up to $500, which you will automatically pay back on your subsequent pay date.

Additionally, Dave collaborates with LevelCredit to provide account holders with the ability to promptly remit rent payments to the main credit bureaus, thereby fostering credit growth. 

2. Lending Group 24/7

Lender’s Highlights

  • $500 to $35,000 in personal loans
  • We accept and take into consideration all forms of credit.
  • straightforward form with no credit impact.
  • Since 2001, providing assistance to customers
  • 4.7 out of 5 stars based on more than 2,000 Trustpilot reviews!
Loan AmountInterest RateLoan Term
$500 to $35,0005.99%–35.99%60 Days to 72 Months

A lending service called 24/7 Lending Group links borrowers with lenders who provide small loans to people with bad credit. The online application process is quick and offers a large selection of loan amounts, with the lowest possible amount being $100.

By filling out a brief online form, you can get an instant response and prequalify for the best personal loans. Select an offer after that, then apply for the loan’s final approval. By the following business day, the proceeds of your loan should be in your bank account.

3. Mutual Funds

Lender’s Highlights

  • Temporary loans of up to $5,000
  • Online lending marketplace
  • Money is accessible in a maximum of 24 hours.
  • Filling out a simple online form only takes five minutes.
  • More than 2 million customers have faith in us.
Loan AmountInterest RateLoan Term
Up to $5,000VariesVaries

MoneyMutual can assist you in locating a loan as small as $200 and specializes in payday and personal lending. This service links you to a network of direct lenders who can provide funding the following day; it is not a lender. 

You can get an instant prequalification decision by filling out a brief online form. After reviewing your information, Money Mutual’s lending partners—who also require a minimum monthly income of $800—will make offers to you for the best personal loans, provided you meet the requirements. You must also have a working phone number, email address, and checking account in addition to being a US resident and at least 18 years old to be eligible.

Extra $100 Quick Loan Applications

The following mobile applications allow qualified employees to receive a pay advance ahead of time. There are $100 to $500 loan options, with different eligibility requirements for each app. You can escape the exorbitant interest rates of conventional payday lenders with the aid of these no-cost and complimentary alternatives.

4. EarnIn

You can view your earnings prior to payday with the EarnIn mobile app. You can register and link an active checking account to your smartphone application sheet in order to be eligible. Based on the work you’ve already done, you can then easily obtain a direct deposit.

With EarnIn, you have access to up to $750 every pay period.

Up to $100 may be borrowed by new users each pay period. By making timely repayments, you can eventually raise the amount of your loan to $500. Additionally, you get to decide how much to tip EarnIn for the service; this is entirely up to you. 

5. Potential

With the Possible mobile app, you can apply, get approved for a loan, and accept a $500 cash advance in a matter of minutes. You will become one of the over a million customers who have already taken advantage of these quick payday loans.

Your credit is not checked by Possible to assess your eligibility. Rather, the lender assesses your loan application based on your employment history and consistent pay schedule.

6. Lion Money

Mobile banking accounts, credit score monitoring, credit builder loans, and investment products are all offered by the feature-rich MoneyLion app. With the help of the app’s InstacashSM feature, you can borrow up to $500 without paying interest or any monthly fees.

MoneyLion offers up to $500 with no fees or credit checks.

The loan proceeds typically take up to five business days to arrive, but Turbo Delivery can offer instant funding for an additional cost.

7. The Cash App

With a 5% flat fee and a four-week repayment term (plus a one-week grace period), Cash App lends users $20 to $200. A weekly finance charge of 1.25% is applied to the outstanding balance in the event of late payments.

There are no overdrafts or hidden fees on the app. A hard inquiry from a major credit bureau is required for Cash App loans. Your credit report will show the results of these credit checks. Your creditworthiness will determine whether you are eligible for a loan from Cash App.

8. Courage

You can link a checking account with the Brigit app to get automatic deposits on a regular basis. The process of signing up without a credit check takes just two minutes. Then, if you’re a Plus or Premium subscriber, you can apply for a payday advance of up to $250.

Advances are only available through Brigit if you subscribe to the Plus or Premium plans, which run $9.99 or $14.99 a month.

Your money might be sent to you that same day. The app offers information about your spending patterns as well as suggestions for increasing your income and savings. Since its launch, Brigit has drawn in over 4 million users. 

Instant Loan Apps: What Are They?

Mobile digital platforms, known as “instant loan apps,” provide quick and simple access to loans, typically without requiring a credit check or a drawn-out approval procedure. You can apply for a loan right from your smartphone or other mobile device with the help of these apps, which leverage technology to expedite the lending process. 

These apps are ideal for people who need a small loan quickly because they usually offer short-term payday advances. Approved loans transfer money directly to your bank account as soon as the same day, and the process only takes a few minutes. 

Since these loans are typically free or extremely inexpensive, they are perfect for employees who get paid directly from their bank accounts. Since every app is different, before taking out a loan from this source, make sure you understand the terms by reading the loan agreement.

How Can I Get Approved for a Loan Right Away?

Whether you apply through a mobile app or a lending network will determine how you qualify for an instant loan.

Networks of Lending

Lender-finding services that prequalify your loan requests are known as online lending networks. As a minimum, you must be a citizen or resident of the United States, at least eighteen years old, and in possession of a valid ID, bank account, steady source of income, email address, and phone number.

Hard credit checks are not carried out by lender-finding services. While they usually don’t do payday loans, the direct lenders in their networks might comply with requests for quick personal loans. If your prequalification is approved, you might get one or more direct loan offers with particular terms and conditions. 

Before accepting an offer, carefully go over these, paying particular attention to the interest rates, costs, and terms of repayment.

Mobile Apps

You must download the relevant app and create an account by entering the required personal information, such as your name, address, employment details, and Social Security number, in order to be eligible for an instant loan from a cash advance app.

In order to accept loan proceeds and have the amount due automatically repaid on your next pay date, you must also link a bank account to the instant cash advance app. 

To ascertain your creditworthiness, certain apps might perform a hard or soft credit check. While a hard inquiry stays on your credit report for two years, a soft check usually has no effect on your credit score.

The requirements for credit score, employment history, banking history, and income level are all subject to change. Proof of income in the form of bank statements, pay stubs, timesheets, or other verification documents is required. 

Before taking out a loan, carefully read the terms and conditions on the app. The app instantly deposits the loan into the bank account you have linked as soon as you accept the terms.

How soon after approval will I receive the loan?

Depending on when you apply, a mobile app may fund your loan the same day. On your subsequent payday, the app will automatically deduct the borrowed amount from your bank account and deposit the loan proceeds into your bank account.
It might take a little longer for network loans. You can anticipate seeing the proceeds of your loan in your bank account as soon as the following business day. 
Network lenders deduct payments from your bank account, just like they do with loan apps. An instant personal loan is repaid over time in installments, whereas an instant payday loan is paid back in full on your subsequent pay date.

What is the $100 loan’s interest rate?

Small loan interest rates range widely, from 0% to 700% or higher. Many cash advance apps have no interest fees. Rather, they take voluntary tips from debtors. Some charge for transactions or charge for premium service subscriptions. 
State restrictions may apply, but interest rates on personal loans normally don’t go above 36%. Payday loan APRs typically range from 400% to 700%, making them extremely expensive.
State-by-state average interest rates for payday loans of $300. The Center for Responsible Lending provided the image.
Because they don’t involve credit checks, payday loans are more expensive. Payday lenders must impose high interest rates in the absence of these checks because there is a higher chance that borrowers will default on these loans.

Does obtaining an instant loan come with any fees?

While some cash advance apps let you tip the user in lieu of paying transaction or subscription fees, others do not. Most charge a fee if there aren’t enough funds in your bank account at the end of the loan period, when you get paid back. For a four-week loan, at least one app charges a flat rate.
Origination fees are frequently assessed by personal loan providers when processing new loan applications. Usually, this charge is a portion of the loan amount, up to 10%. 
Payday loans have high interest rates, but if you return the money by the deadline, you won’t be charged any more. Should you choose to refinance the loan, the lender will deduct your accumulated interest from the principal amount and charge you a late fee.

Which app makes it easiest to borrow $100?

Dave is a great choice for simple borrowing. It doesn’t charge interest or late fees on its ExtraCashTM advances up to $500. As soon as you download Dave and link your bank account, you can receive a cash advance. 

Dave ExtraCashTM Account

  • Subject to eligibility and identity verification, get up to $500 to your Dave Spending Account in five minutes or less, or within an hour to a different linked debit card.
  • Find out how much of an advance you can get without having your credit checked.
  • When you accept the advance, you also agree to a settlement date. There are no late fees or interest.
  • To access or download the Dave app, click the link and select ExtraCashTM. Before you can receive your first ExtraCashTM advance in a matter of taps, we’ll need to know a few details about you and your bank.
Loan AmountInterest RateLoan Term
Up to $500N/AView terms

Within an hour, you can instantly transfer your advance to a different debit card or a Dave Spending Account for a small fee. You commit to a settlement date (often your next pay date) when you accept the advance. There shouldn’t be any surprises when opening an account with Dave because he doesn’t charge interest or late fees.

When you accept an advance, you have the option to leave a gratuity. A portion supports Feeding America; the remainder funds ExtraCash operations. To date, Dave members have contributed enough money to buy over 110 million meals.

To make your next loan easier, you can add some extra cash to your ExtraCash account. You have less to pay back the more you contribute.

How do payday loans and instant loan apps differ?

Payday loans and instant loan applications allow you to borrow small amounts of money without a credit check. Although cost is the main distinction, there are other ways that the loans differ. 

The two loan types are contrasted in the accompanying chart.

Application ProcessOnline or app-based, often streamlinedIn-person or online application
Approval TimeRapid, sometimes within minutesIn-person loans are fast, but online loans may require 24 hours
Credit CheckVaries; some require soft credit checksTypically, no credit check is required
Loan AmountGenerally, smaller amountsUsually small, based on income
Repayment TermsVaries, often flexibleShort-term, usually by next payday
Interest Rates and FeesMay include various fees (assuming no interest)Extremely high APR and fees
AccessibilityWidely accessible via smartphoneAccessible online and at physical locations
Regulatory ComplianceTypically regulated, with standards for data protection and fair lendingRegulated, but the level varies by state
Data SecurityAdvanced encryption that varies by appVaries: digital security for online; physical security in stores
Privacy ConcernsCollects data and may share with third partiesCollects personal data; risk varies by data handling practices
Risk of Debt TrapsUnlikely since most charge no interestHigh, due to high fees and risk of repeated borrowing
User AuthenticationRobust, often with two-factor authenticationRequires ID verification; varies for online services
TransparencyUsually good; most apps have no hidden chargesWidely criticized for lack of transparency

Payday loan rollovers done frequently can result in a debt spiral and bankruptcy. Because cash app loans have lower initial costs and no accrued late fees, they are a safer financial option.

How Can I Pay Back My Immediate Loan?

A loan from an app must be repaid differently than one from a payday lender. Repayment options for a Cash App Instant Loan consist of the following:

  • Automatic withdrawal: Taking money automatically from the bank account connected to the Cash app is the most popular way of repaying. On the due date, the app automatically deducts the loan amount plus any associated fees.
  • Manual payments: Using the app interface, you can choose to make manual payments on or before the due date for certain apps.
  • Flexible schedules: Depending on the app, you might be able to change the repayment plan when necessary, but doing so might come with extra costs.
  • Notifications within the app: To assist you in keeping track of your repayment plan, cash apps usually notify you when payments are due and serve as a reminder.
  • Partial payments: A few apps might let you make minimum or partial payments, but doing so might lengthen the loan period and raise the total amount owed.

Payday loan repayment entails the following choices:

  • Post-dated check: If you apply in person for a payday loan, you might be required to provide a dated check that the lender will cash on the due date.
  • Direct debit authorization: Payday lenders frequently need permission to automatically deduct the repayment amount from your bank account, much like cash apps.
  • Repayment in person: If you obtained the loan from a physical business, you can usually pay it back in person on the due date.
  • Rollovers: Payday loans frequently allow rollovers (with additional fees) if you are unable to repay the loan on time. This prolongs the loan’s repayment period but raises its cost.
  • Payday loans typically don’t allow for partial payments and require full repayment by your next payday.

Every approach has benefits and drawbacks of its own. Although they’re convenient, automatic payments require enough money in your bank account. More control is available with manual payments, but you must keep in mind the deadlines. Selecting the better loan can be made easier if you are aware of these distinctions.

If I can’t return my loan on time, can I still extend it?

Payday loans and cash advances are typically extendable, but the outcomes are very different. You can reschedule repayment without incurring late fees or other penalties by using apps like Dave.

Rollovers are usually permitted for payday loans (though some states prohibit them). Let’s say Joe takes out a $100 instant payday loan with a 400% annual percentage rate. The loan is due in two weeks on Joe’s next pay date. Joe requests a rollover on that date after realizing he cannot pay back the loan.

The annual percentage rate determines the interest rate for the next two weeks. The interest for this period is roughly $15.38 at a 400% annual percentage rate. The lender imposes a $25 flat late fee.

The new principal amount after the missed payment is about $140.38 when the lender capitalizes the rollover fee and interest, which means adding them to the principal amount. For the next two weeks, this amount will be subject to 400% APR, making the repayment amount $161.98.

Repaying his payday loan over and over again puts Joe at risk of accruing unmanageable debt.

Do instant loan applications protect my financial information?

When using instant loan apps, there are a number of factors that can affect how secure your financial information is. The following steps will help to strengthen the security of your personal information.

  • Reputation and reviews: Examine the app’s standing by searching for ratings or reviews from users on reputable websites like A strong, positive reputation may be a sign of dependability.
  • Data encryption: Verify that the app employs strong encryption to safeguard your information, particularly when it’s being transmitted and stored. This procedure guards against unwanted access to your private data.
  • Read the app’s privacy policy for more information. It should be very clear about what data the app gathers, how it uses it, and if it distributes it to outside parties.
  • Regulatory compliance: Check online to see if the Consumer Financial Protection Bureau (CFPB) or other relevant financial laws or regulations have resulted in enforcement action against the publisher of the app. The app’s adherence to these guidelines demonstrates its dedication to safeguarding your personal data.
  • Look for apps that support two-factor authentication (2FA). Beyond just a password, this feature adds an additional layer of security.
  • Data access and permissions: Exercise caution when granting the app access to your data. Give only the information that is required, and be cautious of apps that request a lot of personal information.
  • Frequent updates: Verify that the app’s publisher updates it frequently. Updates frequently come with security improvements.
  • Steer clear of public WiFi networks when using loan apps. These networks might not be secure. When connecting to public WiFi, use a virtual private network (VPN) to keep it secure.
  • Keep an eye on your accounts. Continually check your credit reports and bank statements for any unauthorized transactions.
  • Secure Devices: Verify that your mobile device is malware-free and that it has security features like strong passwords.

It’s important to take precautionary measures to safeguard your information when using instant loan apps, as no app can guarantee 100% security.

Use a loan app to instantly borrow $100 or more.

If you know where to look, you can still borrow a small amount, even if your credit is not great. You can find great advice on what options are available to you by reading our review of cash advance apps and online loan networks.

Even though taking out a $100 loan might not seem risky, keep in mind that in order to be approved, you must divulge personal information. When misused, this information can lead to identity theft, which can be extremely expensive. Regardless of the size of the loan, you should exercise caution when selecting a lender for this reason.