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$300 Loans: Who Can Actually Lend You $300

Page last reviewed: October 28, 2026 · Reviewed for accuracy by Betty Walsh

$300 is an awkward amount: it's more than several popular apps will advance, and it's the smallest loan Bank of America's Balance Assist makes. See which options reach $300 and what each costs, then request it online.

  • Bank of America's Balance Assist lends $300 for a flat $15
  • Chime SpotMe and Experian Cash stop short, at $200 and $250
  • In California, a payday loan can't pay out $300
Check Your $300 Options Who Lends $300

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Your loan amount

$300
Lowest bank cost$15 at Bank of America
U.S. Bank Simple Loan$18 on $300
Payday fee at $15 per $100$45
FundingMinutes to a few business days
Check Your $300 Options

Free · No obligation. LendUp is not a lender. When you submit a request, we share your information with lenders in our network, who may contact you. A request doesn't guarantee an offer.

Who Can Lend You $300, and What It Costs

$15 flatBank of America Balance Assist

$300 is its smallest loan. Repaid in 4 monthly payments; your checking account must be open at least a year.

$18U.S. Bank Simple Loan

$6 per $100, repaid in 3 monthly payments, for existing checking customers with recurring deposits.

Up to 28% APRCredit union PAL I

Covers $300 comfortably: these loans run from $200 to $1,000 over 1 to 6 months.

$0 or $5Chime MyPay

Advances of $20 to $500 for Chime direct deposit customers, free if you can wait about a day.

$15 + membershipDave ExtraCash

5% of $300 is $15, plus up to $5 a month; few members ever reach the $500 top limit.

Falls shortSpotMe and Experian Cash

Chime SpotMe stops at $200 and Experian Cash at $250, so neither covers $300 alone.

Why $300 Can't Be a Payday Loan in California

California caps a payday check at $300 and the fee at 15% of it, so the most cash a payday loan can give you there is $255. For $300 in California, look at a bank option or an installment loan from a licensed lender; lenders in DFPI's small-dollar pilot program can lend from $300. How $255 payday loans work.

A $300 Payday Loan Elsewhere, in Numbers

Where payday loans are legal, your state caps the fee. The CFPB puts typical fees at $10 to $30 per $100.

Fee per $100 Fee on $300 You repay APR (14 days)
$10 $30 $330 ~261%
$15 $45 $345 ~391%
$20 $60 $360 ~521%
$30 $90 $390 ~782%

$300 Loan Questions

How can I borrow $300 instantly?

If you qualify for $300 in an app such as Chime MyPay or Dave, an instant transfer is the fastest route. U.S. Bank's Simple Loan is deposited within minutes for existing customers. A request through LendUp can be funded the same or next business day.

Which apps let you borrow $300?

Chime MyPay and Dave go up to $500, and Cash App Borrow's first-time limits go up to $400, though many people start lower. Chime SpotMe and Experian Cash top out below $300.

Can I get a $300 payday loan in California?

No. The $300 cap applies to the check, which includes the fee, so the most cash you can receive is $255.

What's the cheapest way to borrow $300?

If you qualify: Bank of America's Balance Assist at a flat $15, then U.S. Bank's Simple Loan at $18, then a credit union PAL at no more than 28% APR. A payday loan at $15 per $100 costs $45 for two weeks.

Can't cover the $300 another way?

LendUp is free to use because lenders pay us. One request, no obligation, and the full cost is shown before you sign.

Check Your $300 Options

Other Loan Amounts

$200 loans $255 loans $400 loans $500 loans All amounts

Sources