CashNetUSA Review
Payday Loans from $100 to $3,000
Fast approval • Secure application • No commitment
CashNetUSA at a Glance
About CashNetUSA
Founded in 2004, CashNetUSA (operated by Enova International, NYSE: ENVA) pioneered the online payday loan industry in the United States. As one of the first lenders to offer nationwide online payday loans, CashNetUSA has served over 3 million customers across 30 states, establishing itself as a household name in short-term lending.
As a direct lender, CashNetUSA uses its own capital to fund loans, allowing for faster approval decisions—typically within 1 hour—and more flexible lending criteria than traditional banks. You work directly with CashNetUSA from application through repayment, with no brokers or middlemen involved. Your personal and financial information is never shared with third parties.
CashNetUSA specializes in short-term payday loans ranging from $100 to $3,000, with repayment terms of 7 to 45 days depending on state regulations. They primarily serve working Americans with steady income who need emergency cash between paychecks for expenses like car repairs, medical bills, or unexpected home repairs.
What distinguishes CashNetUSA from competitors is their A+ BBB rating (maintained since 2007), 98% complaint resolution rate, and transparent fee structure with no hidden charges. They're state-licensed in all 30 operating states and comply strictly with state-specific regulations on loan amounts, APRs, and repayment terms. However, like all payday lenders, CashNetUSA's APRs (300-664%) are substantially higher than traditional bank loans, making these products suitable only for short-term emergency needs.
Expert Opinion: Recommended with Caution
CashNetUSA is one of the most established and reputable online payday lenders in the U.S., with an A+ BBB rating and over 20 years of operation. Their 1-hour funding, transparent fees, and strong customer service make them a top choice if you absolutely need a short-term payday loan. However, their 300-664% APRs are extremely expensive—a $1,000 loan for 30 days can cost $300+ in interest alone. We only recommend CashNetUSA for true emergencies when you can repay in full on your next payday. Exhaust all cheaper alternatives first (credit union payday alternative loans, payment plans with creditors, cash advance apps like Earnin or Dave, asking family/friends). If you need more than $3,000 or want to repay over 6+ months, consider installment lenders like NetCredit or OppFi instead, which have lower APRs and longer terms.
Example Loan Cost
Representative example of a typical CashNetUSA loan:
*This is a representative example only. Your actual APR and costs will depend on your credit profile, loan amount, and state regulations. Always review your loan agreement before accepting.
Pros & Cons of CashNetUSA
Advantages
- ✓ Fastest funding in payday category (within 1 hour typical)
- ✓ A+ BBB rating with 98% complaint resolution rate
- ✓ Completely transparent fee structure (no hidden charges)
- ✓ No prepayment penalty—pay off early to save on interest
- ✓ Award-winning mobile app for easy loan management and payments
- ✓ Accepts first-time borrowers with poor or no credit history
- ✓ Direct lender—no data sharing with third-party brokers or marketers
- ✓ Over 20 years in business with 3+ million customers served
Disadvantages
- ✗ Very high APR range (300-664% typical across states)
- ✗ Short repayment terms (maximum 45 days in most states)
- ✗ Only available in 30 states—not licensed in NY, PA, CT, VT, WV, AR, AZ, GA, MD, NJ, NC, MA, MT, and others
- ✗ Automatic debit can cause overdrafts if funds are insufficient on due date
- ✗ Lower maximum loan amount than installment lenders ($3,000 vs $10,000+)
- ✗ Late payment fees can add up quickly ($30+ per missed payment)
How to Apply for a CashNetUSA Loan
Start Your Application
Visit CashNetUSA's website or use our comparison tool to submit your application. You'll need basic personal information, employment details, and bank account information.
Get Approved
CashNetUSA will review your application and make a lending decision within 1 hour. You'll receive notification via email or SMS.
Review & Accept
Carefully review the loan terms, including APR, fees, repayment schedule, and total cost. Only accept if you understand and agree to all terms.
Receive Funds
Once you accept the loan, CashNetUSA will deposit funds directly into your bank account. Funds typically arrive within 1 to 2 hours.
Frequently Asked Questions
How do I apply for a CashNetUSA loan?
Apply online at cashnetusa.com in 3 simple steps: (1) Complete the 5-minute application form with your personal information, employment details, and bank account number. No documents need to be uploaded. (2) Receive an instant decision—most applicants hear back within minutes, and approval takes up to 1 hour. (3) Review and e-sign the loan agreement showing your exact APR, fees, and repayment date. Funds are deposited via direct deposit within 1 business day, often the same day if approved before 10:30 AM CT.
What are the requirements to qualify for CashNetUSA?
You must be at least 18 years old (19 in Alabama and Nebraska), have a regular source of income of at least $1,000/month after taxes, maintain an active checking account that's been open for 90+ days, provide a valid email address and working phone number, and reside in one of CashNetUSA's 30 operating states. CashNetUSA accepts first-time borrowers and does not require a minimum credit score, but they will verify your income and bank account as part of the underwriting process.
How fast can I get money from CashNetUSA?
CashNetUSA offers same-day funding for most approved applicants. If you're approved before 10:30 AM CT on a business day, funds are typically deposited within 1 hour via direct deposit. Applications approved after 10:30 AM CT usually receive funds the next business day. In rare cases, your bank may take an additional 1-2 business days to process the deposit. CashNetUSA does not offer instant funding to debit cards, only standard ACH direct deposit.
What is the APR for CashNetUSA loans?
CashNetUSA's APR ranges from 300% to 664% depending on your state of residence and loan amount. For example, a 2-week $500 payday loan in Illinois costs $75 in fees (APR 391%), while the same loan in California would cost $55 in fees (APR 286%). Your exact APR and fee structure are clearly disclosed in your loan agreement before you sign. APRs are high because payday loans are short-term products—the annual percentage rate is calculated over a full year, even though you typically repay in 2-4 weeks.
Can I get a CashNetUSA loan with bad credit?
Yes, CashNetUSA accepts borrowers with bad credit, no credit history, or past bankruptcies. They focus primarily on your income and ability to repay rather than your credit score. However, CashNetUSA may perform a soft credit check (which doesn't affect your score) and will verify your income and bank account. Having bad credit will not automatically disqualify you, but having insufficient income, a recent bankruptcy, or a closed bank account may result in denial.
Is CashNetUSA a direct lender or a broker?
CashNetUSA is a direct lender, meaning they fund loans with their own capital and make all lending decisions in-house. You work directly with CashNetUSA throughout the entire loan process—from application to approval to repayment. They do not sell your application to third parties, share your data with marketing companies, or act as a middleman. This is different from loan brokers like MoneyMutual, which submit your application to dozens of lenders and may share your information.
What fees does CashNetUSA charge?
CashNetUSA charges a finance fee based on your state's regulations, typically $15-$30 per $100 borrowed. For example, a $1,000 loan for 30 days in Illinois would cost approximately $150-$300 in interest and fees, for a total repayment of $1,150-$1,300. There is no origination fee, no application fee, and no prepayment penalty. However, if you pay late, you'll incur a late fee (typically $30) and may face NSF charges ($25-$35) if your bank account has insufficient funds when CashNetUSA attempts to debit payment.
What states does CashNetUSA operate in?
CashNetUSA is licensed to operate in 30 U.S. states: Alabama, Alaska, California, Colorado, Delaware, Florida, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Mexico, North Dakota, Ohio, Oklahoma, Rhode Island, South Carolina, South Dakota, Utah, Wisconsin, and Wyoming. They are NOT available in Arizona, Arkansas, Connecticut, Georgia, Maine, Maryland, Massachusetts, New Jersey, New York, North Carolina, Pennsylvania, Tennessee, Texas, Vermont, Virginia, Washington, West Virginia, and Washington D.C. due to state regulations that prohibit or severely restrict payday lending.
Alternatives to CashNetUSA
While CashNetUSA is a solid choice, you may also want to consider these alternatives:
- → Credit Union Payday Alternative Loans (PALs) – Lower APRs (28% max) but slower approval
- → Installment Loans – Longer terms (6-24 months) with smaller monthly payments
- → Cash Advance Apps – $50-$250 advances with low/no fees (Earnin, Dave, Brigit)
- → Compare Other Lenders – See all 30 lenders in our network
Ready to Apply with CashNetUSA?
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Apply Now at CashNetUSA →⚠️ Important Disclosure
High-Cost Loan Warning: CashNetUSA loans have APRs ranging from 300% to 664%, which is significantly higher than traditional bank loans. These loans are intended for short-term financial needs only and can be expensive if not repaid quickly.
Responsible Borrowing: Only borrow what you can afford to repay on time. Late or missed payments can result in additional fees, collection actions, and damage to your credit score.
Editorial Independence: Credizen.net is a comparison service. We may earn a commission when you click on lender links or apply for a loan through our platform. All reviews and ratings are based on publicly available data and user feedback. CashNetUSA has not influenced this review.
Emergency Financial Help
If you're experiencing financial difficulties, contact your local financial counseling service.
- South Africa: National Credit Regulator - 0860 627 627
- Romania: ANPC - 0213142200
- Colombia: Superintendencia Financiera - (571) 594 2222
- Poland: KNF - 22 262 5000