CashNetUSA Personal Loans Review

CashNetUSA Personal Loans is offered by Enova International, a direct lender founded in 2009 and based in Chicago, IL. CashNetUSA Personal Loans is available in 8 states across the USA.

• APRs starting at 89%. Personal loan interest rates typically range between 5% and 36%. The starting rates for CashNetUSA Personal Loans are on the higher end of the spectrum.
• Fast access to funds. In some cases you can get your money within 1 business day.
• Hard credit pull required. You can't check your rates or see if you prequalify for CashNetUSA Personal Loans without a hard pull on your credit report. Most lenders give you the option of a soft pull on you credit report.
• Short loan terms. CashNetUSA Personal Loans offers loan terms as short as 6 months. Most personal loans have a minimum term of 12 to 36 months.

Pros	Cons
$0 prepayment fee. Considers applicants with fair credit.	APRs as high as 449%. Charges an origination fee. Do not offer pre-approval with soft credit pull. CashNetUSA Personal Loans does not report to credit bureaus. Charges a late fee of $18

What rates and terms does CashNetUSA Personal Loans offer?

CashNetUSA Personal Loans has higher interest rates than the average for lenders reviewed on SuperMoney.

What fees does CashNetUSA Personal Loans charge?

What do you need to qualify for CashNetUSA Personal Loans?

Applicants with a credit score of at least 500 and up to 640 may be eligible for CashNetUSA Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

CashNetUSA Personal Loans does not have or does not disclose a minimum annual income eligibility requirement. CashNetUSA Personal Loans will consider borrowers regardless of their employment status if they can prove their ability to repay their obligations.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. APRs for the CashNetUSA Personal Loans product fall outside of the MLA limits, and as a result, the product cannot be issued to these applicants. Active duty service members and their covered dependents are considered “covered borrowers" under the Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by CashNetUSA Personal Loans. Permanent resident / green card holders are also eligible to apply.

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

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

CashNetUSA Personal Loans Eligibility Criteria

Minimum Age	18
Bank Account Required?	Yes
Application Types Accepted	Individual Applications
Credit Score	500 - 640

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

CashNetUSA Personal Loans will typically approve (or deny) a loan application within 24 hours and fund personal loans within 7 business days of approval.