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- $200 loan
$200 Loan
Our smallest loan, for the gap that is genuinely small. $30 to borrow it for two weeks, and four cheaper options worth checking first.
A $200 loan is the smallest amount we lend, and it exists for the gap that is genuinely small: a utility reconnection, a co-pay, enough fuel to reach payday. At this size the only sensible structures are single-payment ones, because an installment loan for $200 would cost more in fees than it saves in convenience.
| Key loan information | Details |
|---|---|
| Amount | $200 |
| Products available | Payday loan or cash advance |
| Term | 14 – 30 days, one payment |
| Finance charge | $30 at $15 per $100 |
| Total repaid | $230 |
| Representative APR | 391% for a 14-day term |
| Funding | Same day if accepted by 11 a.m. ET |
| Credit check | Soft inquiry, no FICO® impact |
Your options for $200
| Option | Term | Payment | Cost of credit | APR |
|---|---|---|---|---|
| Payday loan | 14 days, one payment | $230.00 once | $30.00 | 391% |
| Cash advance | Next payday, one payment | $230.00 once | $30.00 | 391% |
Where $200 is often free
At this amount, several alternatives cost nothing and are worth ten minutes before you borrow.
- A cash advance app. $200 is within reach of almost every app, and the standard transfer is usually free if you can wait a day or two. See apps vs payday loans.
- Asking the biller. A utility will often split a bill or delay a shut-off for a phone call.
- 211. Local assistance funds exist for exactly this size of shortfall.
- A credit card purchase. Carrying $200 at 24% APR for a month costs about $4.
Eligibility
- 18 or older and resident in a state where we lend
- At least $1,000 a month in verifiable income after tax
- An active checking account in your name, open at least 30 days
- Government-issued ID and a Social Security number or ITIN
Other amounts
$300 loan · $500 loan · $1,000 loan · $2,000 loan · $5,000 loan
Frequently asked questions
Where can I borrow $200 today?
A payday loan or cash advance of $200 can be funded the same day when you accept before 11:00 a.m. ET on a business day. A cash advance app is often cheaper if you can wait a day or two for a free standard transfer.
How much does a $200 loan cost?
At $15 per $100, a $200 payday loan costs $30 in finance charges and you repay $230 on your next payday. Over 14 days that is an APR of 391%.
Can I get a $200 loan with bad credit?
Yes. There is no minimum credit score. We look at your income, expenses and banking history, and checking your rate uses a soft inquiry that does not affect your FICO score.
Is $200 available as an installment loan?
No. Our installment loans start at $500, because spreading $200 over months would cost more in interest than the convenience is worth.
Borrow $200 to $5,000 for any purpose
Apply in about five minutes and get a decision in minutes. Checking your rate won't affect your FICO® score.