Apply online in minutes
Receive an immediate eligibility decision**
Get cash the next business day if approved*
Unlike a typical payday loan, which is repaid all at once, a longer term installment loan is repaid in increments. These increments are usually spaced over several months or years. After each increment of time, you repay some fraction of the original loan plus interest.
Because you have more time to repay an installment loan than you would a payday loan, you might be able to borrow more than you could pay back in a single pay period. Instead of having to pay everything back at once, you can space it out, making each payment easier on your bank account.
Your range of options for an installment loan will vary depending on your application and the state where you live. When applying, you may have the chance to decide how much money you want to borrow and how long you would like to pay it back.
You should consider these choices carefully. As a rule, you should only borrow as much money as you need — any extra you take out will only mean more to repay later.
Similarly, you should choose the shortest repayment period that will allow you to comfortably make your payments. Though a longer repayment period generally means relatively smaller individual payments, it also means that you end up paying more overall.
Installment loans are best used for important and necessary expenses such as medical payments, car repairs or home maintenance.
In these cases, an installment loan can give you the funds you need to take care of immediate expenses. And the longer repayment period means that you’ll be able to pay back what you owe at a more comfortable pace once you’ve taken care of your financial emergency.
The key point to keep in mind is that these types of loans should only be used for critical expenses, never for frivolous purchases. A loan is a serious financial responsibility and failing to repay can have serious consequences for your finances. You should always make sure that you are only borrowing what you need and have the capacity to repay.
In order to be eligible to apply for an installment loan from CashNetUSA, you must:
The actual amount you can borrow varies widely by state. Check the Rates & Terms page for your state to see how much you are eligible to borrow where you live.
CashNetUSA is a direct lender++ of online loans dedicated to safe, responsible lending and borrowing. We clearly lay out all our rates
If you ever have any questions or concerns about your application or loan, our customer service agents are ready to help. Head to our contact page to see how to get touch through phone, email and online chat.