Every month, millions of Americans apply for personal and payday loans. You can do the same quickly and from the comfort of your home with CashNetUSA. Over the years, the lender helped over 3 million consumers and has established itself as a trusted lending brand.
Scroll down to read this ultimate CashNetUsa review, created by our team of financial experts. They personally tested the site as well as its rates, deals, and service. So, this article is the single stop for learning all critical points about this US lender.
Table of Contents
- 1 What Is CashNetUSA?
- 2 How Does CashNetUSA Work?
- 3 Types Of Loans Americans Can Get From The Lender?
- 4 Is CashNetUSA Legit?
- 5 Pros And Cons Of Borrowing From CashNetUSA
- 6 Loan Application Process Explained
- 7 Who Are CashNetUSA Loans Suitable For?
- 8 Borrowing From CashNetUSA: Verdict
What Is CashNetUSA?
The Cash Net USA loan company is here to support Americans facing financial issues. This reputable lender has been successfully working ever since 2004. It is owned by Enova International, a publicly-traded company that specializes in supporting people during short-term financial struggles.
CashNetUsa is a destination where customers can get fast cash and several types of online personal loans right from their sofa. We must point out that the service isn’t available in all US states. So, you should enter your state of residence to discover what your options are.
How Does CashNetUSA Work?
Let us introduce you to this lender by answering: what is CashNetUsa and how it works? Well, the brand is a US-registered lender of the best short-term loans. It operates in 28 states and offers a range of different funding options.
The exact loan size offered varies depending on your state of residency and loan type. You can expect payday loans between $100 and $500 alongside installment loans between $100 and $3,000.
The APR of these loans is generally high, i.e., over 36%, which is considered the highest APR of affordable loans. The APR for a CashNetUsa payday advance loan may be drastically different than the APR for a line of credit. To check the exact APR and fees for a loan, you must enter your state of residence, select the type of funding, and enter the borrowing amount.
Any complaints are resolved in compliance with applicable state laws.
Types Of Loans Americans Can Get From The Lender?
To discover which types of loans are available in your state of residence, you have to select it in the drop-down menu. For example, residents of California can apply for CashNetUsa installment loans and payday loans only. On the other hand, the brand doesn’t operate in Nebraska. So, residents from the state may have to look for alternative lenders.
These are the types of loans the lender offers. Their availability to you may vary.
- Payday loans
- Cash advance
- Online loans
- Installment loans
- Line of credit
- Fast cash
Is CashNetUSA Legit?
Considering that this brand has been around for many years, it’s easy to conclude that CashNetUsa is 100% legitimate. There is a countless number of positive CashNetUsa reviews from satisfied customers who highly appreciated the top support and easy application process. In fact, this lender is among the most popular ones in the US and has incredibly high retention rates.
In addition to being legit and trustworthy, the company is also 100% safe. Approved by both McAfee and Norton, this is the safest place to get a loan online. So, next time you wonder “is CashNetUsa a scam or unsafe,” just keep all these details in mind.
Pros And Cons Of Borrowing From CashNetUSA
Is it smart to take CashNetUsa loans, though? If you compare the pros against the cons, the first easily overpower the latter.
Here are the main advantages of applying for a loan at this lender:
- Quick and online application;
- Immediate decisions;
- Fast funding, same-day transfers available;
- Open 24/7;
- Easy to check eligibility;
- Exclusive savings program;
- Prompt customer service;
- CashNetUsa mobile app;
- Finance education courses.
There are some drawbacks to note, as well. Even though they don’t apply to all customers, it’s good to go over them:
- Availability depends on your state;
- No fixed rates;
- High interest rate;
- Requires a checking account.
Loan Application Process Explained
Do you wonder how does CashNetUsa work? Well, the application process of the lender is straightforward and quick. It won’t take you long to complete all the forms and get a response.
How To Apply?
The first step depends on whether you are a new or returning customer. New customers simply click on the “Apply Now” button, and they’re immediately redirected to the application form. Returning borrowers will have to go to CashNetUsa login and access their profile. This actually saves time for them because all their personal data is already in the system.
As for new borrowers, they need to complete three simple steps to complete their application. Below, we have listed all the details these steps require.
- First name and Last name;
- Date of birth;
- Home address;
- Phone number and email address;
- Proof of income;
- Bank account information;
Also, you will have to enter the type of loan you wish to apply for alongside the borrowing amount. This is where you include a promo code if you have one. Exclusive promo codes often get you better loan terms such as lower APR or a longer repayment period.
What Happens Next?
Once you’re finished with the CashNetUsa.com full site, you should simply wait for an email notification from the lender. Often, approvals arrive the same day, sometimes even instantly. Once approved, you will receive the funds either the same or the following business day. Approvals after Friday 10:30 AM result in receiving the money on the upcoming Monday (unless it’s a holiday).
How To Repay My Loan?
Once you accept the loan (please read all CashNetUsa interest rates, fees, and charges before applying for a loan), you will receive repayment details from the lender. You can make payments via bank transfer or check.
In case you are unable to cover your future payment, make sure to contact the lender no later than two business days before its due date. Missed payments result in an insufficient fund fee of $15.
Who Are CashNetUSA Loans Suitable For?
This lender is the perfect solution for Americans who are facing any kind of financial emergency. The CashNetUsa line of credit is quickly approved, meaning borrowers can get their funds the same day. People with poor credit scores will also find these loans useful. Namely, the lender doesn’t reject or approve applications solely on your score. So, you have a high chance of getting the funding you need from the moneylender.
Students who need to pay for their degree, homeowners who must immediately fix something, and anyone else in urgent need of cash. These are all people who can consider applying for a loan here.
Borrowing From CashNetUSA: Verdict
All in all, there’s no need to wonder is CashNetUsa legit or not. This is a reputable brand that has helped millions of Americans deal with a short-term financial crisis over the years.
Despite having a bit higher interest rates and not being available in all US states, this moneylender is still an excellent option for anyone. The company provides same-day deposits, online application, and fast approvals. Moreover, it also offers educational resources and even a savings program.
If you need an urgent cash infusion to handle a money emergency, apply for a loan from CashNetUsa right now. Just make sure to read the loan terms and check loan availability for your state first.