100 Day Loans is a loan matching service that helps people get quick loans by connecting them with lenders nationwide. It boasts a fast application and approval service that could send funds within a day. 100 Day Loans employ a simple three step process for loan applications which is done entirely online.
Category
Loan matching service
Loan Details
Unsecured personal loans
Yes
Maximum loan amount
$1000
Maximum loan period
100 days
Loan rates
Depends on lender
Direct deposit
Yes
Application
Online application time
A few minutes
Response times
A few minutes
Qualifications
18 years of age
US citizen or permanent resident
Information Used
Credit score
Income
Employment history
100 Day Loans Summary
100 Day Loans is ideal for short term borrowers looking for small personal loans. Fast approval times and a quick application process are trademarks of the company. This could be due to a lot of factors but mainly because its maximum loanable amount is low and loan term is shorter compared to other personal loan services. This reduces the lenders risk exposure while a shorter loan term translates to faster return on investment. However, those who are able to make good on their loans become eligible for higher loans. A good option for short term loans but falls short for those looking for larger loans and longer payment needs.
