by Ben Sweiry ·
Modified on 10 November, 2023
Yes, with Dime Alley you can borrow $100 today! Once you apply online through our quick and easy application form, which will take just 5 minutes to complete, you can get an instant decision on-screen, and you could have your funds within 24 hours.
There are several ways you can borrow $100 online with Dime Alley. Our most popular option for borrowing money is the payday loan option, but we also offer installment loans, title loans, bad credit loans and more.
If you find yourself being hit with an unexpected bill for $100, or perhaps for more but are struggling to find the funds to pay it off, use Dime Alley for a quick fix. Our short-term loan solutions are great to use in times of financial emergency or to tide you over to your next pay day.
Am I Eligible to Borrow $100 Today?
You can borrow money online with Dime Alley as long as you meet the following basic requirements:
You are at least 18 years old
Monthly income of $500 or $800 (depending on your lenders requirements)
You are a permanent resident in the U.S or Canada
You have a checking account (for the money to be deposited into)
As well as the above eligibility standards, you will need to be living in a US state or Canadian province where payday lending is a legal practice. Some states where payday loans are legalized include; California, Texas, Florida, Colorado and more. Additionally, payday loans are legal practice for the majority of regions and provinces in Canada. For a full breakdown payday loan laws by state, see here.
How Much Will a $100 Personal Loan Cost?
See below for the cost breakdown of a $100 payday loan in the state of Texas. Bear in mind that you do not pay any fee for applying for your loan with Dime Alley!
| Length of Loan | Interest and Fees | Total |
| 1-Month | $41.10 | $141.10 |
| 6-Weeks | $57.53 | $157.53 |
| 3-Months | $123.29 | $223.29 |
| 6-Months | $246.58 | $346.58 |
| 12-Months | $500 | $600.00 |
How Do You Payback a Payday Loan?
With most lenders, repayments will be made on a monthly basis, on the same date each month (which will typically be your payday). When you take out a loan, you and your lender will come to an agreement and a repayment plan will be devised.
You will be paying back the money you have borrowed alongside the interest you owe. The amount you will pay will always be given to you in writing as part of your loan agreement, which you will electronically sign.
This means there will be no added fees and no surprises. You will pay exactly what you have been quoted as long as repayments are taken on time.
You can repay your loan early if you decide that this is a better option for you. In order to do so, you will need to contact your lender and arranging a direct debit. This should not be difficult as your lender will normally collect the full amount of your payday loan alongside any interest or fees calculated in one payment on your arranged payday.
The lender should then provide you with a settlement quote which should highlight any differences in payments which you were not originally aware of.
What If I Can’t Repay?
If you know that you will struggle to make your repayment on-time and in full, the first thing to do is not to panic. We know that this can be a stressful time, but rest assured, there are protocols that can be taken to avoid any catastrophes.
The first thing you should do is to make sure to contact your lender immediately. Your lender will try to find an arrangement that makes it possible for you to repay the loan. You may be able to agree to a payment schedule that would be more affordable.
There are implications of being unable to make a repayment, which can include: follow-up correspondence from your lender such as calls and emails, late fees and added interest and a negative impact on your credit score, which will make it more difficult to get credit elsewhere in the future. Therefore, contacting your lender and explaining your situation is paramount to avoid these complications.