Cash Central installment loan review April 2019 |

Cash Central installment loans review April 2019

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Cash Central Installment Loan

If you don’t have stellar credit and need a loan, an installment loan through Cash Central may be able to help.

Cash Central offers customers all over the US a reliable, secure way of getting an installment loan from a state-licensed lender, even if you have poor credit.

Product NameCash Central Installment Loan
Min. Loan Amount$100
Max. Loan Amount$5,000
Loan Term6 to 24 months
Loan SecurityUnsecured
Turnaround Time1 business day
CostsDepend on state specific laws as well as the amount of money you borrow.
RequirementsYou must have a steady job or income, be 18+ years old and have a checking account


  • Quick and easy application.
  • Use the funds for any purpose.
  • Easier repeat borrowing.


  • Maximum loan depends on your state's limit. Loan may not available in all states. Late fees may apply.
  • Verifiable source of income
  • A valid checking account
  • A social security number
  • At least 18 years old

What is Cash Central?

Based in North Logan, Utah, Cash Central is a licensed online lender that offers installment loans that range from $100 to $5,000. Cash Central looks at your ability to repay the loan — not necessarily at your credit history.

It determines your loan amount based on details beyond your credit part and the lending laws of your state of residence. Cash Central services Alabama, California, Delaware, Idaho, Missouri, New Mexico, Rhode Island, South Carolina, South Dakota, Utah and Wisconsin.

Applying for an installment loan online takes minutes, and if approved your money is deposited directly into your checking account the next banking business day. Once you’ve received your loan, you’ll need to repay it gradually from 6 to 24 months, according to your repayment contract.

How do Cash Central installment loans compare to other lenders?

Updated April 22nd, 2019
Name Product Filter Values Max. Loan Amount Turnaround Time Requirements
1 business day
Must have direct deposit and meet minimum income requirements
Installment loans with competitive rates from a top-rated direct lender.
1 to 2 business days
Must have an active checking account, regular source of income and email address.
Installment loans with repayment terms up to 30 months, depending on your state.
1 business day
Must be employed and receive regular income, earn at least $800 a month, have a checking account and be an 18+ years old legal US citizen.
Get a flexible installment loan with fast funding through one easy online application form.
As soon as next business day
Must be at least 18 years old and have a verifiable source of income with direct deposit into your checking account.
Get an installment loan from an online tribal lender. Perks for returning borrowers.
1 business day
You must be a US citizen or permanent resident, age 18+ and have a regular income.
Apply online with this loan-connection service offering unrestricted short-term loans with fast turnaround.
As early as 1 business day
Must have a monthly income of $1,000+ after taxes and valid checking account.
An online connection service for quick cash loans.
Varies by state
1 business day
You must be a US citizen or permanent resident, be at least 18 years old and have regular income and a bank account.
Apply for a short-term loan with an easy online application and dedicated customer service.

Compare up to 4 providers

What are the benefits of Cash Central installment loan?

  • Quick loan approval. Cash Central’s online application takes a few minutes to complete. Once approved, you could see your funds in as little as 24 hours.
  • Secure, reliable and licensed. Cash Central is a state-licensed and -registered lending service. It ensures that your information is kept private, following the laws of your state.
  • Education and tools for borrowers. Credit Plus offers free access to tools and features built to enhance your Cash Central experience, including access to your credit score and eligibility for flexible loan products that come with lower rates.

What to watch out for

With convenience, quick approval and peace of mind that you’re working with state-licensed lenders, Cash Central may be a good fit. But you’ll want to keep an eye out for the following.

  • High interest rates. This lender looks at your ability to repay your loan, rather than your credit history. As a result, you could end up with a high interest rate. For example, a 24-month installment loan of $2,501 would require 24 monthly installments of $400.39 per month, which totals $9,609.36 when all is said and done.
  • Additional fees. On top of interest rates, you’ll pay origination fees of $15 to $75. And if you’re late on your payment, you’re subject to a fee of $15.
  • Online scams. Some scammers may pose as “Cash Central” online to prey on those who need a quick cash loan. Be sure you’re working with a legit lender before you offer up your information.

Am I eligible?

To be eligible for a loan with Cash Central, you must be at least 18 years old and able to provide proof of a steady income. This is because Cash Central lends money based on your ability to repay your loan, not on your credit history. You’ll also need to provide proof of a valid checking account, which is how you’ll receive and pay back your loan.

What information do I need to apply?

To apply for a loan, go to Cash Central’s website. Under the Personal Loan Online tab, click Installment Loans. Over a three-step process, you’ll provide:

  • Your full name and personal contact information.
  • Your date of birth and Social Security number.
  • Proof of steady employment.

The entire process takes minutes and approval takes less than 24 hours, with funds deposited into your account the next business day.

I got the loan. Now what?

Now that you’ve received your loan, be sure to make all your payments on time. You’ll pay back your loan through scheduled electronic withdrawals from your checking account — the same account that the loan funds were deposited into.

To avoid paying high late fees, confirm that you have enough money in your account on the day of repayment. If you have extra money, you may be able to take advantage of prepayment options, but note that prepayments are applied to outstanding fees and interest first and then go toward your principal. You’ll will still be responsible for your next scheduled payment.

Frequently asked questions about Cash Central

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4 Responses

  1. Default Gravatar
    KennethNovember 15, 2018

    How can I be certain that I am dealing with Cash Central and not a SCAM when asked for information over the phone?

    • Default Gravatar
      joelmarceloNovember 16, 2018

      Hi Kenneth,

      Thanks for leaving a question on finder.

      Cash Central is a member of the Community Financial Services Association of America and abides by its best practices and applicable state laws and regulations. To be sure that you are dealing with someone from Cash Central, you can ask for his first and last name and verify it directly with Cash Central on the phone by contacting their customer service hotline.

      Please send me a message if you need anything else. :)


  2. Default Gravatar
    donnaraeAugust 8, 2018

    Im am receiving disability and SSI and I don’t have a banking account all I have is a serve amex card it’s a prepaid card can I get a small personal loan

    • Default Gravatar
      joelmarceloAugust 9, 2018

      Hi Donnarae,

      Thanks for leaving a question on finder.

      You will need to have a valid checking account to be eligible for Cash Central installment loans. Unfortunately, a prepaid card is not accepted. However, since you mentioned you are on SSI, we have a comparison of personal loans available to people on pension. To compare and read our guide, please click HERE. I hope you find what you need from there.


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