Finding yourself in a financial pinch and needing cash quickly? Getting a small, short-term personal loan can help bridge the gap until your next paycheck arrives. While most lenders require a lengthy application and approval process, there are ways to get a $100 loan with same-day funding deposited directly into your bank account.
When you need a quick $100 loan to smooth out life’s little wrinkles, same-day funding can be your financial band-aid. Ready to learn more? Keep reading to get the lowdown on same-day loans.
Before we dive into loan options, it might be worth considering an income-based advance instead. Income-based advance companies give you money upfront based on how much you earn or will earn. What’s great is how they could be more accessible since the advance amount is based on current or future income or usually doesn’t require collateral, so you don’t risk losing your personal assets.
How can I get a $100 loan?
A $100 loan can put money in your pocket almost immediately. The key is knowing where to look.
Visit your local bank or credit union
You can apply for a traditional $100 loan at your local bank or credit union. Depending on the institution, you may luck out with perks like a low interest rate or no origination fee, which is an application processing fee. Some banks don’t offer personal loans, but those that do may charge interest from 4%-36%.
Get a personal loan online
Online personal loans are the modern spin on borrowing cash. Instead of walking into a bank and drowning in forms, you just kick back at home — or wherever you are — and type in your info on a lender’s website. It’s all about convenience.
The process is straightforward — visit a lender’s website, enter your personal and financial details, and request a loan amount. If the lender approves your application, it will deposit the funds directly into your bank account. You’ll then be responsible for repaying the loan over a set period, which includes interest and applicable fees. It’s a simple and convenient option for accessing funds without the need for in-person bank visits.
MoneyLion can help you find personal loan offers up to $100,000. See below:
Ask your boss
If you’d prefer making quick money as a traditional loan alternative, you might think to ask your boss for a $100 advance on your next paycheck. Typically, this comes at no interest or extra cost. The funds will be deducted from your next paycheck.
There’s no guarantee that your boss will say yes. But if you don’t mind having a short conversation and facing the potential of being told no, it can’t hurt. You’ll never know until you ask.
Ask your family or friends
You might have the option of asking to borrow money from friends or family. While this option comes with the fewest legalities, mixing finances and friendships can be messy.
It might be worth erring on the side of caution and drawing up a formal loan agreement just like you would with a lender. Outline how much you’re borrowing and jot down any interest or fees that will be charged. Write down the duration of the repayment period and stick to it.
Otherwise, you may get your money, but it will be at the cost of a positive relationship with your friend or family member.
Recommended: How to Turn $100 Into $1,000
Pawn something
A quick way to get some extra cash is to take out a loan from a pawn shop. Although they may have lower fees or interest rates than payday loans, if you are unable to repay the loan, you run the risk of losing your item.
With pawn loans, you must pledge something of value as security for the loaned funds. You’re typically required to repay the principal plus interest, which, depending on where you live, can range from 5% to 25% a month.
Pick up a side gig
Although it’s not a loan, a side gig can help you earn some extra cash. There are tons of creative ways to make money fast. Dog walking, babysitting, tutoring, renting out a spare room in your house, and delivering groceries are just a few options.
Recommended: 30 Best Side Hustle Jobs in 2025
Earn extra money with online surveys and games
You can’t forget the digital realm — filling out online surveys and playing online games can also pad your wallet, all from the comfort of your own space.
For those looking to earn extra cash through online surveys, you’ll want to weed out some of the scams. Here are a few reputable sites to consider:
InboxDollars
Recognized as one of the best services for cash rewards, InboxDollars offers a user-friendly Earnings Tracker and a $5 bonus for new account activations. Surveys typically pay between $0.50 to $5.00 each.
PaidViewpoint
This platform stands out for its guarantee against disqualification from paid surveys, offering PayPal cash and gift cards, with rewards typically processed within 72 hours.
Survey Junkie
With a high rating on Trustpilot and over 10 million members, Survey Junkie is a popular option for making money with surveys. It offers a variety of survey lengths and topics, allowing members to influence and improve retail products and brands.
Swagbucks
Offering a free $5 signup bonus, Swagbucks provides numerous ways to earn money, including watching videos and shopping online. It’s one of the most significant survey companies, offering a variety of paid surveys and options like cash back or gift cards, with the age requirement starting from 13 years old.
Remember to read through their terms and conditions to understand how you can earn and redeem your rewards effectively.
PRO TIP! Create additional income by doing surveys and playing games.
You’ve Got Options
A $100 cash advance is a quick, safe, and simple way to get cash now. You might be able to get same-day or next-day funding to help you get through the time between paychecks. Other choices are available, like pawning something of value or asking family or friends for a loan. However, you should do your research and find the most affordable option for you.
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FAQs
What is a $100 loan?
A $100 loan is a small loan that is typically used to cover unexpected expenses or to bridge a financial gap until your next payday.
How do I repay my $100 loan?
Repayment options for a $100 loan can vary depending on the lender. Some lenders may require automatic deductions from your bank account, while others may allow you to make payments online or in person. It is important to understand the repayment terms before agreeing to a loan.
What happens if I can’t repay my $100 loan on time?
If you are unable to repay your loan on time, you may face additional fees and charges. In some cases, the lender may offer you a loan extension or renewal, but this will come with additional fees and interest. However, it is crucial to repay the loan on time to avoid further debt and negative impact on your credit score.
