At Tremplo County Loans, we know that even $100 can make a difference when an emergency happens. Therefore, we offer direct lender borrowing options that can be obtained online instantly. Our guaranteed $100 loan comes with no credit check, making it available even to borrowers with bad credit and no job.
What Is a 100 Dollar Loan?
A 100 dollar loan is a small, short-term loan that can provide you with quick funds for your urgent money needs. With its help, you can access the money within a day and repay it in full in 2 to 4 weeks, typically by your next paycheck. These loans are known for being easy to get due to no credit check performed during the approval process. You can complete the entire process online and receive the funds via a direct deposit without visiting a store and waiting in lines.
Who Can Qualify for a Guaranteed $100 Loan?
At Tremplo County Loans, we set just a few basic requirements for our guaranteed $100 loans:
- Be at least 18 years old;
- Be a US legal citizen;
- Provide valid ID and Social Security number;
- Have an active bank account in your name;
- Provide proof of income and address;
- Specify your employer’s contact details.
Where Can I Borrow $100 Instantly?
$100 loans are typically offered by online lenders and various cash advance apps. Some traditional loan providers may also provide small financing for emergency situations, but the requirements will be stricter, and the process of getting the funds is often longer.
If you need an instant solution, feel free to apply for a $100 loan from Tremplo County Loans. The entire process will only take 5 minutes, and you will get an immediate loan decision via email. Just choose the loan type that meets your needs, fill out a simple online form, and let us do the rest.
Types of Guaranteed $100 Loans
Here are a few options for guaranteed $100 financing you can access via Tremplo County Loans:
Payday Loans
A $100 payday loan is a great solution for small financial emergencies. With its help, you can access the funds within 1 business day. The repayment terms are up to 30 days, helping you avoid long-term debt. You can use the funds to cover any unexpected expenses you face or bridge the gap between paychecks.
Installment Loans
An installment loan is a convenient solution for people who are looking for more flexibility. It allows you to borrow up to $5,000 and equally split the loan cost over 2 to 24 months. This way, you can choose the right repayment option with monthly payments that suit your current financial shape.
How to Apply for a $100 Loan Online
The application process through Tremplo County Loans is always quick and straightforward. Here are 4 steps to take to get a loan with us:
1
Complete the application.
Fill out our simple online form in just 5 minutes. Prepare your personal information, contact details, and income and employment data in advance to speed up the process.
2
Get instant approval.
Our system will quickly review your application details for eligibility. The process is also known as a soft credit check. It typically takes a few minutes.
3
Accept the terms.
If approved, you will get a loan offer via email. Read the terms carefully and e-sign the agreement if they suit you.
4
Receive the funds.
Once all the formalities are done, the money will be deposited into your bank account as soon as the next business day.
100 Dollar Loan Costs and Fees
On average, a $100 loan can cost you between $10 and $30 in interest for 14 days. This translates to an APR of 260% to 782%. Your particular APR will depend on your credit score, the repayment period, and the state you apply in.
Besides an APR, you may also be charged a fee for processing your loan request. This fee typically ranges between 1% and 10% and will be deducted from your initial loan amount. Please note that there may also be charges for late payments and early loan repayment. Check out the terms of your loan agreement for more details.
Common Uses for a Loan
A $100 loan can be used for small unexpected expenses and financial emergencies. People typically get them to cover:
- Medical or vet bills;
- Home or car repairs;
- Grocery bills;
- Gas costs;
- Utility bills;
- Overdraft fees;
- Other urgent needs.
Pros and Cons of $100 Loans
$100 loans can be a lifesaver for borrowers who can’t qualify for traditional forms of borrowing and need money fast to cover small emergencies. Here are their major advantages:
- Ease of obtaining. The entire loan process takes place online and involves no hard credit check and extensive paperwork. You can request the loan in minutes from the comfort of your home;
- Suits people with bad credit. No credit check loans come with no minimum credit score requirements. The decision is usually income-based, meaning that your financial situation is above your credit score;
- Quick access to funds. You can receive the money on the same or the next business day, depending on the approval time. This makes $100 loans almost ideal for urgent expenses.
Despite their pros, $100 loans also come with several drawbacks you need to be aware of:
- High APRs. Small loans often involve high lender fees, especially when it comes to bad credit options. This will result in paying more in total;
- Additional fees. Lenders may apply extra charges, such as application fees, origination fees, late fees, or prepayment penalties. This can potentially make your loan even more expensive;
- Risk of debt cycles. Short repayment terms make it difficult to handle loan payments, especially for borrowers who are already in a tight financial spot. This may lead to situations where they need to ask for a rollover or take out new loans to pay off previous ones.
Alternatives to Guaranteed $100 Loans
If a $100 loan seems not the right option for you, consider the following alternatives:
Cash Advance Apps
This app is a digital tool that provides quick financing against your future paycheck. You can borrow $100 via a cash advance app in a few taps after simply installing it on your smartphone. The sum you can get is usually limited to the amount you’ve already earned but haven’t yet received. Some applications may offer interest-free options. However, membership fees or charges for same-day deposits may apply.
Payday Alternative Loans
These loans are offered by credit unions as a safer alternative to costly short-term loans. They provide access to amounts between $100 and $2,000 for 2 to 6 months at an interest rate capped at 28%. The repayment is made in scheduled monthly or bi-weekly payments. Bad credit borrowers are accepted, but you need to be a credit union member to qualify.
Lines of Credit
Some lenders may offer revolving credit lines for bad credit borrowers. With these lines, you will be able to access the money when needed within a certain limit and pay interest only on the amount you actually use. Once you repay what you owe, you can use this money again. A credit line may serve as an emergency fund for your future financial problems if used wisely.
Family Loans
Borrowing from family or friends is a smart way to get the needed amount on favorable terms and avoid the stress of a traditional loan process. They typically come with no or very low interest rates and can be comfortably adjusted to your financial situation. Just set clear terms and stick to them so as not to ruin the relationships with your loved ones.
- Learn more about the lender. Make sure you’re going to deal with a reputable loan provider to avoid unpleasant surprises;
- Assess your repayment capability. Borrow money only when you’re sure you can repay it in full and on time;
- Review the loan terms. Read your loan agreement carefully, including the fine print that often hides important financial details;
- Budget for repayment. List all your mandatory expenses, including your loan payment, and set aside the amount needed to cover these costs;
- Use loans wisely. Small emergency loans should only be used to cover your short-term needs. Don’t use them as a long-term financial strategy or to maintain a luxurious lifestyle;
- Seek professional advice. If you’re uncertain of whether you need a loan or face problems with debt management, turn to a credit counselor.
We Stand for Responsible Borrowing
At Tremplo County Loans, we strive to help people make informed money choices that will boost their future financial lives. Here are the best tips to help you borrow responsibly:
- Assess your ability to repay. Each loan is a financial obligation you need to fulfill. Look at your loan payments and ensure they correspond to your budget. Refrain from borrowing if you experience long-term financial troubles and seek credit counseling instead;
- Make sure you really need a loan. Be realistic about your loan purpose. Small loans are intended for urgent situations and should not be used to make impulse purchases or cover the costs that can wait till your next paycheck;
- Consider alternatives. You may find other options that meet your needs and offer more favorable borrowing terms. Compare various offers from multiple lenders or ask your loved ones for help;
- Understand the terms. Read your loan agreement carefully and pay attention to what is written in fine print. Make sure you fully understand what you’re going into before signing a contract.
Why Borrow $100 with Tremplo County Loans
When you need money fast, Tremplo County Loans is here to provide qualified assistance in no time. We’re a licensed lending company that cares about your financial future. We help borrowers get the money they need when they need it most, regardless of their credit. With us, you can request a $100 loan online in 5 minutes, get instant approval, and receive the money within 1 business day. Our team is always in touch and is happy to assist you during the process.
FAQ
Do you offer $100 loans with no credit check?
Loans from Tremplo County Loans come with no hard credit check via major credit bureaus. We perform a soft pull to estimate your overall financial profile and check your data for eligibility. Such a check is made in minutes and doesn’t affect your credit.
Can I borrow $100 if I am unemployed?
We accept borrowers with no official employment, provided that they have other sources of verifiable income, for example, self-employment.
When will I receive my loan funds?
A direct deposit is made almost instantly after approval and signing the loan agreement. Still, it takes some time for your bank to process the money transfer. Applicants who get approved before 10 AM on weekdays may receive the money on the same day. Otherwise, the funds will reach your account on the next business day.
How does the repayment work?
The repayment is made automatically via an electronic withdrawal from your bank account on the due date. Make sure you have enough funds in your balance to avoid NSF fees.
What if I can’t repay the loan on time?
Late payments will result in late fees and can lead to a drop in your credit score. Contact your lenders immediately if you face a problem with loan repayment. They may offer you a rollover or an extended repayment plan.
Can I get a $100 loan if I have no bank account?
We transfer the loan funds via a direct deposit, so you need to have a bank account to receive the money. In some cases, we can make transfers to a savings account or a debit card. You can also consider in-store applications to get cash on hand.
Are there any fees associated with my loan?
Extra fees may apply depending on the loan type and your state. You may face origination fees of up to 10% for processing your loan request. Additionally, fees for late payments may be charged. Your particular loan terms will be clearly outlined in your loan agreement.
Will a $100 loan affect my credit score?
A $100 loan from Tremplo County Loans won’t affect your credit score as long as you pay on time. We don’t check your credit profile through major credit bureaus and don’t report your on-time payments. However, late payments may be reported, which will result in a drop in your credit score.
Borrow $100 online instantly!