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 charges a 299% APR on your outstanding balance plus a 15% 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 Rates and Fees?

Rates vary by state and depend on the loan amount and the type of loan you apply for, ranging from 187.33% APR to 912.50% APR. 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, the type of loan and credit worthiness. As an example, the maximum personal loan available in California is $3,400. 

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: up to 912.50% APR!

  • Max Loan Term (Months)
  • 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
  • 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)
  • Late Fee Amount
  • No Prepayment Fee
  • Origination Fee
    Up to 15%
  • Approval Speed (Hours)
  • Funding Time Range (in days)
    1 - 7
  • Loan Term Range (Months)
    1 - 15
  • Payment Options
    • Automatic Payments
    • Check by mail
  • Loan Amount
    $100 - $3400
  • APR
    186% - 474.51%
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