Features

Where does CashNetUSA do business?

CashNetUSA is a direct lender based in Chicago, IL. It was founded in 2005 and offers access to personal loans in 11 states across the USA.

What range of rates does CashNetUSA offer?

CashNetUSA offers personal loans with APRs starting at 89% and up to 449%.

Does CashNetUSA charge an origination fee?

Yes, CashNetUSA charges a loan origination fee. 

Does CashNetUSA charge a late fee?

Yes, CashNetUSA may charge borrowers a late payment fee of up to $18, which is triggered if you're 10 days late.

Does CashNetUSA charge prepayment fees?

No, CashNetUSA does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.

How much can you borrow from CashNetUSA?

Loan amounts start at $300 and go up to $3,500.

What is the maximum loan term you can get with CashNetUSA?

CashNetUSA offers personal loans with terms ranging from 6 to 24 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What do you need to qualify for a loan with CashNetUSA?

Applicants with a credit score of at least 500 can apply for a loan via CashNetUSA. The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.

Active duty servicemembers and their covered dependents cannot apply for a loan via CashNetUSA. The Military Lending Act prohibits lenders from charging servicemembers more than a 36% APR.

Only U.S. citizens and permanent residents can apply for a loan.

To qualify, applicants may need to provide the following documentation:

  • Driver's license
  • Applicants must have an active and valid checking account
  • Proof of citizenship or residence permit
  • Recent pay stubs

What is the estimated funding time for a personal loan via CashNetUSA?

CashNetUSA will typically approve (or deny) a loan application within 24 hours and fund personal loans as soon as 1 business day of approval.

How does CashNetUSA describe itself?

We've been helping hardworking people get the funds they need for more than 10 years. We've given more than 3 million customers the chance to take control of their financial futures.

  • Institution Type
    Direct Lender
  • Bank Account Required?
  • Credit Score Range
    500 - 640
  • Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Other
    • Retired
    • Self-Employed
    • Unemployed
  • Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
  • Joint Loan Applications Accepted
    Only Individual Applications
  • Military Status
    • Non-Military
    • Veterans
  • Minimum Age
    18
  • Supported Income Types
    • 1099 Misc. Income
    • Cash / Other
    • Direct Deposit (W2, SSA, SSDI)
    • Payroll Check or Prepaid Card
  • Verification Documents Required?
    • Recent Pay Stubs
    • Driver License (or other photo ID)
    • Proof of citizenship/residence
  • Late Fee After (number of days)
    10
  • Late Fee Amount
    $18
  • No Prepayment Fee
  • Approval Speed (Hours)
    24
  • Funding Time Range (in days)
    1 - 7
  • Payment Options
    • Automatic Payments
    • Check by mail
  • Loan Amount
    $300 - $3500
  • Loan Term (Months)
    6 - 24
  • APR
    89% - 449%
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