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Need an online installment loan fast?

Unexpected costs can be overwhelming. When you need funds to cover major expenses fast, CashNetUSA is here to help. Our online installment loans may make it possible for you to borrow more than other types of online loans. They also allow you to repay over a longer period of time.

Apply for an installment loan from CashNetUSA.

CashNetUSA offers installment loans online with amounts and terms that vary by state. Our online installment loans are repaid in monthly installments. Plus, there’s no penalty for paying off your loan early. To see the loan product offered in your state, visit our Rates & Terms page.

Repay your installment loan your way.

It’s simple to pay off your installment loan with CashNetUSA. There are three options:

Pay in scheduled installments.

Pay back your loan principal plus interest through scheduled payments, as outlined in your loan agreement.

Pay more than the minimum.

Making early or additional payments may help you save on fees and interest.

Pay off your loan in full.

You may pay back your loan in full at any time without any prepayment charges.

Plus, you can sign up to have your scheduled payments automatically debited from your bank account. That way, you’ll never have to worry about missing a payment.

Installment loans you can depend on.

Fast Funding

Urgent expenses call for urgent solutions. That’s why we offer instant eligibility decisions* and same-day funding when you apply and receive loan approval early.†

24/7 Online Application

You don’t have to look around for financial help. With CashNetUSA, you can apply for the funds you need online anytime, anywhere.

Data Security

Your privacy is our top priority. We keep your information safe with a network protected by McAfee SECURE™.

Customer Support

If you need help during any step of the loan process, our in-house customer service team is here seven days a week to answer any questions.

Proven Track Record

As part of the publicly listed company Enova (NYSE:ENVA), we’ve helped more than 4 million customers over our 15+ years in business.

What is the difference between installment loans and credit cards?

Most people are familiar with credit cards. Not as many are familiar with installment loans. Both are forms of borrowing money, which people pay back with interest. But that’s about where the similarities end.

Credit cards are a form of open-ended credit, where a borrower is approved for a specific amount. They can then spend up to that amount with the credit card. As the borrower repays the amount they have used, the money becomes available to use again. If a credit card balance is not completely paid off when it’s due, it accrues interest.

With an installment loan, you get the entire approved amount up front. You then pay it back (with interest) in scheduled monthly installments. Typically, paying more than the scheduled amount will help reduce the total amount of interest paid.

Learn more about installment loans.

How does an installment loan work?

An installment loan involves borrowing money, which is then paid back over time through regularly scheduled payments. These are also referred to as installments. An installment loan may be unsecured, where your signature is the only guarantee of repayment. Or it may be secured, where you offer collateral as a guarantee of repayment. CashNetUSA installment loans are unsecured.

The amount of each installment mostly depends on the duration of the loan, the interest rate and the initial amount borrowed, known as the loan principal. The length (or term) of an installment loan is often a period of four or more months.

A CashNetUSA installment loan may be repaid early at any time without a penalty. Our installment loans are only available in certain states. Please visit our Rates & Terms page to learn more about the products available in your state.

What are examples of installment loans?

Here are some of the most common types of installment loans:

  • A personal loan is an installment loan that can be used for a wide range of purposes. Personal loans are typically offered by financial institutions such as banks or credit unions. Although they are often unsecured, your credit history will typically impact whether or not you qualify for a personal loan.
  • A mortgage loan is a secured loan intended to help a borrower purchase a home. In this case, the house acts as the collateral. Borrowers must make on-time payments, otherwise the lender could foreclose on the property.
  • An auto loan is a secured installment loan designed to help a borrower buy a car. The vehicle then acts as collateral. If the borrower can’t pay back the loan, the lender could repossess and sell the car to cover the remaining loan balance.
  • Student loans are installment loans that borrowers use to pay for educational expenses. These types of installment loans generally offer lower interest rates for students, although this depends on the lender.

How can I get an installment loan?

In order to be eligible to apply for an installment loan from CashNetUSA, you must:

  • Be 18 years of age or older‡
  • Receive a verifiable, steady source of income
  • Have an active checking account
  • Be a U.S. citizen or permanent resident

Check out our Rates & Terms page to see if we offer installment loans in your state.

‡Must be 21 years of age for Mississippi residents and 19 years of age for Alabama and Delaware residents.

Can you get an installment loan with bad credit?

CashNetUSA doesn't offer “bad credit loans.” However, we do conduct an alternative credit check process that looks beyond your traditional credit score. So, less-than-perfect credit will not necessarily prevent you from qualifying for a CashNetUSA product.* Even if you have been turned down by other lenders in the past, we may be able to assist you.

What is the best online installment loan?

The “best” online installment loans are the loans that are best for each individual person. Certain credit types are better for certain needs, and of course not everyone qualifies for the loans with the lowest rates. In searching for the "best" loans, start by identifying your need and then looking to see what credit options you qualify for.