Same-Day Deposit Available
If approved before 10:30 a.m. CT
Monday – Friday†
Receive an immediate decision*
Need an online installment loan fast?
Unexpected costs can be overwhelming. When you need funds to cover major expenses quick, CashNetUSA is here to help. Our online installment loans may make it possible for you to borrow more than other types of online loans — while allowing you to repay over a longer period of time.
Online installment loans from CashNetUSA.
CashNetUSA offers unsecured installment loans online with amounts and terms that vary by state. Our online installment loans can be repaid gradually in multiple, scheduled payments over several months. Plus, there’s no penalty for paying off your loan early. To see the amount and terms we offer in your area, visit our Rates & Terms page.
Repaying your installment loan.
It’s simple to pay off your installment loan with CashNetUSA! There are three different ways to repay:
Plus, you can authorize us to automatically debit payments from your bank account on your scheduled due dates. That way, you’ll never have to worry about missing a payment.
Installment loans you can depend on.
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.†
You don’t have to look around for financial help. With CashNetUSA, you can apply for the funds you need online anytime, anywhere.
Your privacy is our top priority. We keep your information safe with a network protected by McAfee SECURE™ and Norton Secured™.
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.
As part of the publicly listed company Enova (NYSE:ENVA), we’ve helped more than 3 million customers over our 10 years in business.
Learn more about installment loans.
How does an installment loan work?
An installment loan involves borrowing a set amount of money, which is then paid back over time through regularly scheduled payments. These are also referred to as installments. An installment loan may be either unsecured, where your signature is the only guarantee of repayment, or secured, where you offer collateral as a guarantee of repayment. CashNetUSA installment loans are unsecured.
The amount of each installment primarily depends on the duration of the loan, the interest rate charged for borrowing the funds and the initial amount borrowed, or 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 potentially foreclose on the property.
- An auto loan is a secured installment loan that is designed to help a borrower purchase a car. The vehicle then acts as collateral. If the borrower is unable to pay back the loan, the lender could repossess and sell the car in order to cover the remaining loan balance.
- Student loans are installment loans that borrowers use to pay for educational expenses such as tuition, books and on-campus housing. 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?
Although CashNetUSA doesn't offer "bad credit installment loans," our custom alternative credit check process 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 in obtaining a convenient credit option that fits your needs.
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, you should start by identifying your need and then looking to see what you qualify for.