CashNetUsa is the flagship brand of Enova International, Cash America's internet division. Cash America is the largest payday chain in the world. CashNetUSA was one of the first licensed short-term online lenders and provides a wide selection of credit solutions to borrowers with poor to bad credit, including installment loans, lines of credit and payday loans.

How Does It Work?

The products available vary depending on state laws. In some states, such as Kansas, the only product available is a line of credit that only charges interest (APR of 299%) on your outstanding balance plus a transaction fee. In states where installment loans and payday loans are available you can have the cash in your bank account the next business day.

What Are The Interest Rates?

Interest rates vary by state and depend on the loan amount and the type of loan you apply for. The range of interests goes from 187.33% to 912.5%. The maximum APR is for an 8-day loan in Mississippi, which has a $20 finance charge for every $100 you borrow. The maximum term, 15 months, is for an installment loan. Payday loans have terms of 8 to 35 days, depending on the state you live in and when your next payday falls.

How Much Money Can I Borrow?

Loan amounts vary by state. In some states the maximum loan amount is a percentage of your monthly income. For instance, in Rhode Island the maximum loan amount is 20% of your monthly income or $1,500, whichever is less. The maximum personal loan amount is $3,600, which is only available in California.

What Is the Application Process Like?

The application process is entirely online and it only takes a few minutes to get a reply. As is the case with most payday lenders, CashNetUSA does not base eligibility on your credit score. Nevertheless, you may not qualify for loans if you have defaulted on past transactions.

How Is It Better Than Other Payday Loans?

The main features of CashNetUSA are volume of loans, number of states where it operates and flexible eligibility criteria. Pretty much everybody with a job and a bank account qualifies for a loan. The obvious catch is the high cost of loans: an APR of up to 912.5%!.

  • Credit bureau reporting
  • Interest APR
    187.33% - 912.5%
  • Joint loans available
  • Loan Amount
    $100 - $1500
  • No late fees
  • Max Loan Term (Months)
  • Lend to military?
  • Institution Type
    Direct Lender
  • Approval Speed (Hours)
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Don't borrow this loan co it's not good .waist ur timeand $$$$$.

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CashNet USA offers online payday loans in varying amounts depending on your personal circumstances and your state of residence. Unlike many other payday lenders, CashNet USA offers loan terms for installment loans of up to 6 months, rather than a few weeks. Located in Chicago, CashNet USA is governed by Illinois laws, which provide somewhat more extensive protections to consumers. For instance, if you still owe money on at least one payday loan after 35 days, you are entitled to negotiate a payment plan over at least 55 days ... that will allow you to make installment payments without additional interest charges or other fees. This regulation can be a lifesaver if, as so many borrowers do, you fall behind on your payday loan. Applications are made online and decisions are generally made immediately based on your online application, although some would-be borrowers, especially Illinois residents and self-employed borrowers, will be required to fax documents for proof of income. More Less

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