CashNetUSA payday loans review

You can apply for a payday loan, installment loan or line of credit from CashNetUSA .

Provided you have a steady source of income and an ability to repay your loan, you could qualify for a loan from CashNetUSA.

Our review below will tell you everything you need to know to make the best financial decision for you.

Min Loan AmountVaries by state
Max. Loan AmountVaries by state
Loan TermVaries by state
Loan SecurityUnsecured
Turnaround Time1 business day
CostsVaries by state of residency.
RequirementsYou must be a US citizen or permanent resident, be at least 18 years old and have regular income and a bank account.

Pros

  • Offers payday loans, installment loans and lines of credit.

Cons

  • High APRs range from 201.32% to 1,140.63%.
  • Have an active email address
  • Have an active checking account
  • Have a driver's license
  • Have been employed for at least one month
  • Must be a US citizen or permanent resident
  • Must be at least 18 years old

First, do I qualify?

Provided you live in a state CashNetUSA services and have a regular source of income, you may qualify for a loan. Unlike traditional loans from banks or credit unions that rely on your credit score, CashNetUSA looks at all the aspects of your application, such as how long you’ve been employed and how frequently you get paid, to determine if you can afford a loan.

Three types of loans you can get from CashNetUSA

CashNetUSA provides payday loans, installment loans and lines of credit.

Payday Loans. If you qualify, you can borrow up to through a payday loan, although the maximum you can apply for depends on the regulations in your state. Like all payday loans, you must repay the principal and interest by your next payday.

  • State availability: Alabama, Alaska, California, Florida, Hawaii, Louisiana, Maine, Michigan, Minnesota, Nevada, North Dakota, Ohio, Oklahoma, Oregon, Rhode Island, Texas, Washington, Wyoming

Installment Loans. Where you live determines how much you can apply for and the how long you have to pay back the loan. Your financial situation determines if you have the ability to make monthly or bi-monthly repayments until you repay the loan completely.

  • State availability: California, Delaware, Illinois, Mississippi, Missouri, New Mexico, Ohio, South Carolina, Texas, Wisconsin

Lines of Credit. A CashNetUSA line of credit gives you more freedom when it comes to funding and repayments. You can borrow as much as you need when you need it, up to your approved limit. When it comes to repaying your loan, you can make minimum monthly payments, lump sum payments or pay the outstanding balance in full.

  • State availability: Alabama, Idaho, Kansas, Tennessee, Utah, Virginia

CashNetUSA promo code

If you’re approved for a loan, use promo code below to save 15%. Visit CashNetUSA.com for more information.

Disclaimer: 15% off on your initial loan fee for direct payday loans or brokered loans; get a 15% rebate on your first two payments for installment loans or installment-payday loans; or get a 15% rebate on actual Credit Access Bureau fees paid for installment loans in states where CashNetUSA partners with a third-party lender. Conditions apply.

15% off initial CashNetUSA Loan fee

15% off on your initial loan fee for direct payday loans or brokered loans; get a 15% rebate on your first two payments for installment loans or installment-payday loans; or get a 15% rebate on actual Credit Access Bureau fees paid for installment loans in states where CashNetUSA partners with a third-party lender. Conditions apply.

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What are the benefits of borrowing from CashNetUSA?

Applying for a Payday Loan through CashNetUSA means you have access to the following features and benefits:

  • Quick application. The online application takes a few minutes to complete, and you’ll find out if you’re approved almost immediately. Once approved, your money is transferred into your bank account the following business day.
  • Use funds for any purpose. You can use the money you receive through a CashNetUSA payday loan any way you want to.
  • No collateral. Since these loans are unsecured in nature, CashNetUSA does not require you to provide any kind of collateral.
  • Bad credit is OK. Unlike many mainstream banks and lenders, CashNetUSA does not require you to have a perfect credit history. You can apply for the payday loan no matter what your credit looks like as long as you can demonstrate an ability to repay.

The costs of borrowing

Multiple factors affect how much you end up paying. These include how much money you borrow, state regulations and how long you take to repay the loan. If you don’t pay the loan off on the due date, you could end up paying more in the form of NSF fees and late charges. If you live in a state that allows extensions to your loan term, you might have to pay fees for this as well.

You can get a clear picture of the fees by going through the loan’s contract, which you’ll receive after the approval of your application. If you don’t agree with the terms or feel you might not have an ability to repay the full amount on time, you are under no obligation to sign the contract.

CashNetUSA’s online reputation

You may have seen that CashNetUSA has a grade of F from the Better Business Bureau (BBB) based on customer reviews. Keep in mind many of these negative reviews are centered around the high cost of borrowing with CashNetUSA. While these are valid complaints, it’s important to remember that short-term loans tend to have high interest rates. Payday and installment loans are repaid over short periods of time (usually a few weeks to months), and you should expect to pay $10 to $30 for every $100 borrowed.

The reviews posted on Trustpilot are more positive. CashNetUSA has a Trustpilot score of 8.9/10. Many people praise CashNetUSA for its quick loan processing and customer service.

How do CashNetUSA loans compare?

Rates last updated October 22nd, 2017
Name Product Max. Loan Amount Term of Loan Turnaround Time Costs
CashNetUSA Loan
Varies by state
Varies by state
1 business day
Varies by state of residency.

Compare up to 4 providers

Rates last updated October 22nd, 2017
Unfortunately, none of the short term loan providers currently offer loans in your state. Learn more about short term loans in your state to find an alternative.
Name Product Product Description Maximum Loan Amount Term of Loan Turnaround Time Requirements
LendUp Payday Loans
LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see if available in your state.
$250
7–30 days
generally receive the money the next business day
Be 18+ years of age and have a checking account that can accept electronic transfers.
CashNetUSA Loan
Apply for a short-term loan with an easy online application and dedicated customer service.
Varies by state
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.
Check into Cash Payday Loan
With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.
$1,000
Varies by state
1–2 business days
You must be at least 21 and an American citizen and have a bank account, email address and phone number.
ACE Cash Express Payday Loans
Quick short term, installment and title loans come with no prepayment penalty and a 72-hour satisfaction guarantee.
Varies by state
Varies by state
Generally receive the money the next business day
Must be 18+ years old, have a steady source of income and a checking or savings account. Must not be a debtor in bankruptcy.

Compare up to 4 providers

Is it safe to borrow from CashNetUSA?

CashNetUSA abides by all state regulations. You’ll be provided with a loan contract after your application’s approval, and this document gives you a clear indication of the loan terms along with all associated fees and charges. CashNetUSA keep all the information you provide through their website safe and secure using the latest in encryption technology.

Find out how CashNetUSA protects its borrowers’ information online

How to apply for a loan from CashNetUSA

To apply for a CashNetUSA payday loan, simply click on the Go to Site button, but make sure you meet the following eligibility requirements:

Eligibility criteria:

  • An American citizen or Permanent resident of the US
  • Regular source of income
  • At least 18 years old (varies by state)


In order to complete the application successfully, you have to provide the following information:

  • Name, phone number, home address and email address
  • Date of birth, Social Security number and state ID number
  • Employer’s name and phone number
  • Income details
  • Bank account details

Application process:

1. Click the Go to Site button on this page to go straight to CashNetUSA’s website. The form will be prefilled with the promo code above.
2. You’ll choose from a drop-down list of states. Since every state has different laws regarding short-term loans, it’s important you choose the one you reside in.
3. After clicking the Apply Now button, you’ll fill out a two-page application.
4. The first page of your application asks for your personal information, such as your home address and your Social Security number.
5. This second page is where you’ll need to enter information about your bank account and employment.
6. Once you’ve finished, submit the application and wait for the website to process your loan request.

CashNetUSA's online application and your bank account information

CashNetUSA will ask for your bank account numbers during the initial application. After you’ve signed a loan agreement, it may require you to log in through an online portal in order to verify your bank information.

This is one way online lenders are able to process loans faster than banks by not requiring you to send over documents. If a company asks for your username and password directly, it could be a scam.

I got the loan! Now what?

It’s very important that you read all the fine print listed on your loan contract and in CashNetUSA’s FAQ. While payday loans can be a good way to afford emergency expenses, they are a costly form of credit. Budgeting for the cost of a loan is necessary so you can be sure to avoid any extra charges for late or missed payemnts.

Once you sign your contract, you’ll have your funds deposited into your bank account as soon as the next business day. From here, you can use the money for whatever you need.

I didn’t get the loan. What’s next?

There are a number of reasons you weren’t qualified for a loan. Depending on your income and employment history, CashNetUSA may have determined that you couldn’t afford to borrow at this point in time. Or you might not have resided in one of its serviced states.

If you need money now, consider other lenders who may approve you.

Bottom line

If you’re thinking about taking out a loan and you don’t have the best credit, CashNetUSA could be a way to finance a big expense or emergency between your pay checks. Before you decide, be sure to compare all your options.

Are payday loans available in my state?

Frequently asked questions

If you have all the required information close at hand, you can complete the application in around five to 10 minutes.

If you accept the loan’s contract during business hours, you could have access to your loan as soon as the next business day. Keep in mind that how quickly you see your loan depends on your bank, and it may take a few extra days before it’s fully processed.

Yes. This is because the account is used when it comes to transferring approved funds and making repayments.

You won’t have to fax any documents over in most instances, but you might have to if you receive alimony, disability benefits or are self-employed.

While not all lenders report to the big three credit agencies that handle credit, some might choose to report late or missing payments. This is at the discretion of the lender.

The best solution is to contact CashNetUSA and inform them. Usually, they will be willing to extend the payment deadline and find ways to help you through difficult financial times.

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34 Responses

  1. Default Gravatar
    TootieSeptember 26, 2017

    Why do you have to give your bank id number and password to your online banking to get a loan for 28 months

    • Staff
      HaroldSeptember 27, 2017Staff

      Hi Tootie,

      Thank you for your inquiry.

      While we do not represent any company that we feature on our pages, we can offer you a general information. Generally, payday lenders ask for your Internet banking details because it gives them a way to access your statements. This is one way payday lenders are able to process your application much faster than banks. Instead of you emailing your bank statements from the past three months, the lender can access them instantly.

      To protect your information, legitimate lenders either provide only portals for you to log in directly to your bank and approve viewing access or ask for your bank account numbers. If a lender asks for your username and password directly, it could be a scam.

      CashNetUSA will only ask for your bank account numbers during the initial application. After you’ve signed a loan agreement, it may require you to log in through a portal in order to verify your bank information.

      I hope this information has helped.

      Cheers,
      Harold

  2. Default Gravatar
    TerrySeptember 25, 2017

    How do I refinance my loan?

    • Staff
      AnndySeptember 25, 2017Staff

      Hi Terry,

      Thanks for your question.

      If you want to refinance your personal loan, you may check our guide and compare your options here.

      Cheers,
      Anndy

  3. Default Gravatar
    liliaSeptember 15, 2017

    Can i apply for a loan if i recieve ssi

    • Staff
      AshSeptember 15, 2017Staff

      Hi Lilia,

      Thanks for contacting us.

      Yes, you can still apply for a personal loan even if you are under a Supplemental Security Income (SSI) Benefit. Kindly visit this page for the list of lenders that can offer you a loan.

      I hope this helps.

      Cheers,
      Ash

  4. Default Gravatar
    SherriAugust 13, 2017

    Do you give loans to military and there dependents?

    • Staff
      HaroldAugust 13, 2017Staff

      Hi Sherri,

      Thank you for your inquiry.

      USAA is part of unique group of financial institutions with a mission to help US military members and their families with more favorable financial products, including banking accounts, credit cards, investment advice and loans to its members. You may want to consider the available options here. http://bit.ly/2w2cZcU

      I hope this information has helped.

      Cheers,
      Harold

  5. Default Gravatar
    ToniaAugust 12, 2017

    Why do you have to buy a 100 dollar card at wal mart to get a loan for 2,000 dollars

    • Staff
      AnndyAugust 12, 2017Staff

      Hi Tonia,

      Thanks for your question.

      If you apply for CashNetUSA payday loan, you have the option to provide your bank account details. If you don’t have a bank account, that is when you will need a prepaid debit card where the lender could deposit the proceeds of your loan.

      You may also check this page to compare other prepaid debit card loans.

      Cheers,
      Anndy

  6. Default Gravatar
    RonJuly 29, 2017

    Hello! I’m curious… I applied in Kansas and was approved for a line of credit of $700. However, the interest rate I was shown was a whopping 299%. How does that factor into repayment, if calculated from the date of loan? Does that essentially mean I’d be expected to repay $2,093 in total, and does that 299% continue to inflate my amount owed back, or is it static at $2,093? Thanks for your help!

    • Staff
      LiezlJuly 29, 2017Staff

      Hi Ron,

      Thanks for your question.

      CashNetUSA charges an annual percentage rate of 299% or a daily interest of 0.8192%. For a loan of $700 with 12-month loan term, the total repayment you’ll make is $2,093, not accounting for any fees or penalties. However, the total repayments may vary depending on the loan term since CAshNetUSA charges daily interest based on the loan outstanding balance. Hence, the reducing interest as you make your periodic repayments.

      I hope this has helped.

      Kind regards,
      Liezl

  7. Default Gravatar
    JobsdealsJuly 16, 2017

    hi i am not an us resident, but i have us bank debit card, can eligible for getting payday loan, please send me details at my email…

    • Staff
      AnndyJuly 16, 2017Staff

      Hi there,

      Thanks for your question.

      If you are not a US resident, the lenders on this page may consider you for a loan and have the proceeds deposited to your debit card account.

      Kindly review the eligibility criteria and the terms and conditions of the loan product before submitting your application. You may also have to contact the lender directly to inquire if your debit card meets their criteria.

      Cheers,
      Anndy

  8. Default Gravatar
    LenoraJuly 7, 2017

    I recently got an email from cashnetusa saying i was approved for loan amount of $5000 but the transfer failed. It said that i need to purchase a giftcard for $100 in order to continue with a wiring transfer. But i noticed that the website for Cashnet says that the maximum loan amount is $2000. Or 2500. And no other payday loan places ever said anything about having to use a giftcard to get a loan. So this sounds like bull to me. So my question is should i change my account number at my bank becauae they have that info.

    • Staff
      AnndyJuly 8, 2017Staff

      Hi Lenora,

      Thanks for getting in touch.

      In most states, the maximum amount of loan that you can get from CashNetUSA is less than $5,000. If you are in doubt about the email you received, you can contact the lender directly to confirm if it is legitimate or not.

      In regards to your bank account, if you have not given any security number such as PIN or password for your online log-in, it is generally still safe. However, to be on the safe side, it would be best to also contact your bank to inquire what is the best course of action for this situation.

      Cheers,
      Anndy

  9. Default Gravatar
    MarshaJune 3, 2017

    Can you explain if I get the loan and only $1000.00 how does that work?

    • Staff
      HaroldJune 19, 2017Staff

      Hi Marsha,

      Thank you for your inquiry.

      With CashNetUSA Payday Loans you can may be eligible to get a minimum loan amount of $300 up to $2,250. But basically you would need to meet all the requirements. You can review the the information stated above for this loan to have a better understanding about the offer.

      I hope this information has helped.

      Cheers,
      Harold

  10. Default Gravatar
    DominiqueMay 25, 2017

    How much a month to pay off for 2,500?

    • Staff
      HaroldJune 22, 2017Staff

      Hi Dominique,

      Thank you for your inquiry.

      The monthly repayment may vary depending with the types of loans you can get from CashNetUSA. You can check this information above.

      I hope this information has helped.

      Cheers,
      Harold