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Get a $200 loan

Compare payday loans, installment loans and more options for bad credit.

Payday loans are often your only option when you need to borrow $200 fast — which can come rates over 700% APR. If you can wait a few days, consider cheaper alternatives from a local bank or credit union. We reviewed over 130 lenders and payday loan alternatives to help you find a loan that works for you.

Compare $200 loans for bad credit

These direct lenders and connection services offer $200 payday loans, installment loans and pay advances online or through an app.

ProviderType of loanCostRequirementsFinder rating
BrigitPay advance app$9.99 monthly membership feeAt least $1,500 monthly income from one employer, average paycheck over $400, eligible checking account more than 60 days old, paid with direct deposit
Not yet rated
PossibleInstallment loanRates vary by state, though you’ll likely be charged around $15 or $20 per $100 borrowed.Checking account with 3+ months of banking history, $750+ monthly income, live in eligible state, ages 18+
Not yet rated
Check Into CashPayday loanVaries depending on the amount and your state of residency.Active bank account, government-issued photo ID, proof of income, most recent bank statement, checking account and bank routing number and Social Security Number or ITIN (for Indiana residents only)★★★★★
Ace Cash ExpressPayday loanVaries depending upon the state where you reside.Steady source of income, checking or savings account, not currently in bankruptcy, ages 18+★★★★★
CashAdvance.comPayday loanDetermined by the lender based on the information you submit.Employed, at least $1,000 in monthly take-home pay, valid checking account, US citizen, over 18, valid home and work phone number, valid email address, resident of eligible state.
Not yet rated
EarninPay advance appOptional tip of up to $14 per withdrawalDirect deposit sent to a checking account, a regular pay schedule, a fixed work location or an online timekeeping system at work
Not yet rated
LendUpPayday loan alternativeDepends on your state, loan product, loan amount and the term of the loan.Checking account with ACH, proof of income, Social Security number, ages 18+
Not yet rated
MoneyLionPay advance app$29 monthly fee if you have a Plus membershipMoneyLion Member, active bank account open for at least two months, receive consistent deposits
Not yet rated

Can I get a $200 loan?

You can get a $200 loan as long as you meet your lender’s requirements. Payday loan providers and other lenders that offer $200 loans work with all credit types. In fact, some lenders don’t run a credit check at all.

A no credit check loan might sound tempting, since a bad credit score can’t hurt your application. But these lenders tend to assume the worst and often offer less favorable rates and terms than providers that check your credit score. Even if you have a credit score under 580.

How can I get a $200 loan?

You can get a $200 loan by following these steps.

  1. Compare providers. Use a connection service or compare direct lenders, look at features like interest rates, fees, turnaround time, terms and requirements.
  2. Apply. Often, you can apply online in a few minutes. If you find a lender on our table, click the Go to site button to begin the application process.
  3. Wait for a response. Many short-term loan providers can tell you if you’ve been approved seconds after processing your initial application.
  4. Submit documents. Lenders typically ask to see a government-issued ID and proof of income when you apply for a $200 payday loan. Some payday lenders and most title lenders require you to go to one of their locations for this step.
  5. Review and sign your documents. Make sure you understand what you’re getting into before you sign up for a payday loan.

Where can I borrow money fast?

When you need a small loan in a hurry — say, you need emergency cash — you have a few options:

  • Payday lenders. These lenders offer loans online or in person for a $200 payday loan. You repay the loan — plus a fee — the next time you get paid.
  • Pay advance apps. Hourly workers can use an app like Brigit or Even to access wages you’ve already earned, for a monthly fee or optional tip. And you won’t take a credit score hit.
  • Title loan providers. You can get $200 in as fast as 30 minutes with this bad credit loan backed by your car’s title, often at a lower rate than a payday loan.
  • Online installment lenders. Though not as common as payday loans, some short-term online loan providers offer financing as low as $200, which you pay back — plus interest and fees — over a few months.
  • Credit card cash advance. If you have a credit card, you may be eligible to withdraw $200 as fast as you can get to an ATM, often at lower rates than a $200 payday loan.

Compare faster with a connection service

A connection service like allows you to see offers from multiple providers after filling out one form — usually without a credit check. After you pick a lender, you’ll be directed to its site for the full application.

The main drawback to using a connection service is that it’s difficult to tell which payday loan providers have access to the information you provide — and you could receive lots of calls even after you got your $200 loan. With a direct lender, you can read the privacy policy before filling out the application.

Got some time? Consider a payday alternative loan

Some federal credit unions offer payday alternative loans (PALs) as a cheaper option than a $200 payday loan. PALs range from $200 to $1,000 with a maximum APR of 18% and terms from one to six months.

They’re more affordable than payday loans, but they’re not as fast. And you need to be a member of the credit union for at least a month to qualify. Plus, finding a federal credit union that offers them can be tricky. Still, the price difference may make up for those drawbacks.

How much will a $200 loan cost?

It depends on what type of financing you get, but a $200 loan is usually expensive, especially if you have bad credit. According to the Federal Reserve, payday loans often start at 300% APR, and installment loans can range from 40% to 300% APR. Title loans also typically run from 100% to over 350% APR.

But APR isn’t the only factor that affects price. The longer you take to pay back a loan, the more time there is for interest to add up. That’s why some installment loans may look much less expensive than payday loans, even though the total cost is the same. However, you’ll have lower monthly payments with an installment loan.

Here’s an example of how a $200 payday loan and installment loan could end up costing you the same amount in the long run:

Payday loanInstallment loan
Loan amount$200$200
Loan term30 days90 days
Cost per month$260$86.75
Total cost$260$260.25

Compare $200 loans

Watch out for these red flags

With regulations that change often and vary by state, it can be hard to tell if you’re working with a legit lender. But you may want to stay away from a lender if …

  • It’s not up front about costs. If you can’t get an idea of the rates and terms on a loan before you apply, you won’t be able to tell if it’s something you can afford.
  • It’s pushy. Steer clear of lenders that pressure you into borrowing more than you can afford or adding on credit insurance when you’d rather not.
  • It’s too good to be true. Loans that sound too good to be true often come with hidden fees and other costs that may make it more expensive than the alternative.

Get more options with our guide to the best payday loans or the best installment loans available.

Compare $200 loans

Name Product Filter Values Loan amount Loan Term Turnaround time
OppLoans Installment Loans
$500 - $5,000
9 to 24 months
1 business day
Comes with the option to change your due date so you won’t fall behind on repayments.
Fast5kLoans Short-term Loans Connection Service
$100 - $35,000
6 months to 6 years
As soon as the next business day
Get connected with multiple lenders you might qualify with — even if you have bad credit.
LendYou Short-term Loans
$100 - $2,500
Same business day to 1 business day
Get offers from potential lenders in minutes by filling out just one online form.
$500 - $10,000
3 to 36 months
With straightforward, simple qualifications, these loans offer easy approval for people with poor credit.
CashUSA Installment Loans
$500 - $10,000
90 days to 72 months
As fast as same business day
Explore its online education center to get tips on budgeting, how to prioritize your bills and more.

Compare up to 4 providers

Frequently asked questions

Get answers to popular questions about borrowing $200.

Where can I borrow up to $500 with bad credit?

That depends on the exact amount you want to borrow. Payday loans, which are available to people with bad credit, often run as high as $500. But not all of the options on this page offer that loan amount. Read our guide to getting a $500 loan to learn about lenders that offer larger amounts.

Can I get a $200 loan if I’m unemployed?

You can usually get approved for a $200 loan if you’re unemployed — as long as you have a steady source of income. However, some lenders might require you to be employed or have limits on what percentage of your income can come from government programs.

In most cases, you’ll have more options with a credit score over 670. But it may not make much of a difference for a $200 loan — loans of that size are usually designed for borrowers with poor credit.

I don’t have a bank account. Can I get a loan?

It’s sometimes possible to get a $200 loan without a bank account, though your options are limited — even if you have a high credit score. You may have a better chance qualifying for a payday or title loan, since those lenders usually allow you to repay your loan with cash or money order. Check out our guide to no-bank-account loans to learn more about your options.

Can you get a loan instantly?

It’s possible to get a loan with near-instant approval when you need emergency cash. Instant approval is available with online loans — but you won’t have access to the money until the next business day. But if you need a $200 payday loan today, visit a storefront. It might take a little more time to get approved, but you could receive your cash in as little as 30 minutes.

What apps let you borrow money?

Apps like Earnin, Brigit and Dave are among the few that allow you to borrow money. Read our guide to pay advance apps to learn about how these work and how to get approved.

Many payday loan providers also offer apps, which you can use to get $200 payday loan — though you won’t receive the loan in cash. Approval works similarly to regular payday loans.

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