How Can I Get a $200 Loan Today?


Life happens. Maybe you have to pay a medical bill or your car needs an unexpected repair. Whether your heater stops working in the middle of winter or your laptop suddenly dies, having a cushion to protect you can make all the difference.

Whatever the situation, sometimes the only way to move forward is to borrow money. MoneyLion understands that you should be able to take care of emergencies without going into long-term debt. If you find yourself thinking, “I need 200 dollars now!” we’ve got you covered. 

We know that people can find themselves scrambling for fast cash. It’s easy to panic and feel as though your options are limited, especially when trying to secure a loan with bad credit. However, you have options when it comes to fast cash loans. Below you’ll find some safe, secure ways to get a $200 loan instantly.

If you need $200 today

If you have a credit card, you may be able to withdraw a $200 cash advance or use your credit line to cover an urgent expense. But if you don’t have a credit card or enough credit to qualify for a loan, these will not be feasible options. Fees for credit card cash advances are notoriously high, so even if you have a credit card, that’s probably not your best option. 

Payday loans are another popular option. Nearly, twelve million Americans use payday loans annually. You might think that if you can’t take a cash advance, a $200 payday loan (or any amount you need) is the only alternative for a last-minute loan. 

However, payday loans aren’t legal in all fifty states. It also has interest rates that can trap consumers in a cycle of debt. The high APR can quickly put you in a situation of borrowing more to pay off the loan (or its fees). For many people, these high APRs — 400% to 600% is not uncommon — can become a debt trap, making their financial situation even worse. 

Thankfully, there are much safer ways to access a $200 loan instantly. Take a look at some other options that might be a better fit for you.   

What is a fast cash loan?

Fast cash loans are different from traditional loans because, as their name implies, they are faster. Lenders can process these loans very quickly and sometimes instantly. As a borrower, you can access these loans right away. This is what makes these last-minute loans so appealing. Fast cash loans can help you make emergency payments or cover a $200 cash advance today. 

How can I get a $200 loan instantly?

If you need a $200 loan fast, you may have a couple of options at your disposal.

Ask your employer for an advance

Depending on where you work, some employers may be willing to help out and give their employees an advance on their next paycheck when needed. Make sure to talk to your boss and explain exactly why you need the advance. Be prepared for a couple of follow-up questions. You may also want to offer to pick up additional shifts or work on hours that are typically understaffed as a way to sweeten the deal and show your thanks.

Ask a friend or family member

If you’re struggling to come up with fast cash, consider reaching out to your immediate circle for a $200 loan. However, proceed with caution. Be sure to communicate clearly to avoid things getting complicated when everyone has different expectations. Clearly state when you will pay them back, and follow through. 

Miscommunications can easily arise regarding the terms of repayment, and other issues can stem from there. In some scenarios, these problems can potentially damage your meaningful relationships. 

It’s a good idea to specify in writing the loan amount, any interest on the loan and when you will pay it back, as well as any other relevant details. This procedure will ensure that everyone is on the same page, which will minimize potential conflicts. 

Sell things

You may have valuable items sitting in your closet, kitchen or garage. From unused kitchen appliances to sports equipment and clothing, selling unused items reduces clutter and brings in fast cash. You can hold a yard sale, advertise on social media or use websites like Poshmark or eBay. 

Selling your items can be time-consuming. It can take effort to find buyers, and some things may not sell for weeks or even months. To sell items faster, hold a yard sale or price items online under their value. While selling items is not the best option for instant cash, it is a safe way to earn some money and save it for a moment of need.

Cash advance app

One of the most popular alternatives to payday loans is a 0% APR cash advance. Some financial apps offer cash advances when you open an account and connect your source of income. This is important because your income will serve as proof of your ability to repay the cash advance. Ideally, repayment should come at the time of your next paycheck.

Final Thoughts on How To Get a $200 Loan

Unexpected expenses can be scary, but they don’t have to derail your long-term financial plans. Take the time to explore the various options available to you. Ideally, you’ll want to stay away from payday loans featuring expensive APRs that can end up trapping you in a cycle of debt.


Where can I get a $200 loan?

You can get a $200 loan from a friend or family member or with MoneyLion Instacash. You can also consider a payday loan.

Is it possible to get a $200 loan with bad credit?

Yes, it is possible to get a $200 loan with bad credit. Payday loans and MoneyLion Instacash both don’t require a credit check.

What’s the average interest rate on a $200 cash advance?

The average interest rate for a $200 cash advance is around ​​24.80% but can be as high as 600%.

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