$100 loan

When a $100 loan makes sense

A $100 loan is for one small bill: a prescription, a co-pay, gas to get to work until Friday. At this size the fee structure matters more than the rate. A $30 returned-payment fee is nearly a third of the loan.

A short-term loan fits a one-time cost you can repay from the next few paychecks. It is a poor fit for a bill that comes back every month.

What $100 can cost

Cost depends on the APR and how long you take to repay. The table uses example APRs. Eagle Advance does not publish its range and shows your rate in the loan agreement.

Try your own numbers in the payment calculator.

Getting $100 from Eagle Advance

Eagle Advance lends $100 to $1,500, so $100 is the smallest first loan Eagle Advance lists. The lender decides the approved amount from your application. You need 90 days of steady income, a checking account in your name, and to be 18 or older and a U.S. citizen or permanent resident. Approved before 4:00 p.m. PST on a weekday, funding is typically the next business day.

Options to check first

For $100, a cash advance app or an advance from your employer is often free or close to it. A credit union may also cover it with a small-dollar loan if you are a member.

A simple repayment plan

1. Write down the total of payments from the agreement, not just the payment size.
2. Divide $100 by the paychecks you have before the last due date, and see whether your budget holds.
3. Put any extra toward principal early. Eagle Advance asks for 2 business days' notice for extra payments.
4. Do not borrow again to cover a payment.