Great News!

You can apply in

Jump to our Rates & Terms below.

Alabama Payday Loan

A payday loan is a short-term loan, usually used to take care of emergency expenses. It is generally repaid on or around the date of the borrower's next paycheck.

View our license and/or registration here.

Rates & Terms

Loan Amount

Up to $500

Loan Term

10 – 28 days

Fees

$17.50 per $100 borrowed

Actual loan terms may vary based on applicant's qualifications. Your loan will be due on your next payday that falls between 10 to 28 days away. If your pay dates fall outside of this range, your loan will be due in 14 days. If you are paid by paper check, we will give you a grace period of one day to deposit your check.

How It Works

  1. Apply online in minutes.

  2. Receive an instant lending decision.* Possible decisions include Approved, Need More Information and Declined. If more information is needed, you may need to send in additional documents like paystubs or other proof of income.

  3. Apply early and receive funds as soon as the same business day, if approved.

  4. Repay on your scheduled due date. You are free to repay early at any time with no penalty.

Fee Schedule and Annual Percentage Rate

Your loan fees will be a flat, non-refundable fee of $17.50 per $100.00 borrowed. This translates to different annual percentage rates depending on your loan term. You can use the table below to see the cost and annual percentage rate of different amounts repaid over different periods.

CashNetUSA will charge a non-sufficient funds fee (NSF) of $30 one time per loan if you do not have enough funds in your account at the time your loan payment is due.

Repayment Period:

Finance Charge:

APR:

28 Days
27 Days
26 Days
25 Days
24 Days
23 Days
22 Days
21 Days
20 Days
19 Days
18 Days
17 Days
16 Days
15 Days
14 Days
13 Days
12 Days
11 Days
10 Days

$17.50
$17.50
$17.50
$17.50
$17.50
$17.50
$17.50
$17.50
$17.50
$17.50
$17.50
$17.50
$17.50
$17.50
$17.50
$17.50
$17.50
$17.50
$17.50

228.13%
236.57%
245.67%
255.50%
266.15%
277.72%
290.34%
304.17%
319.38%
336.18%
354.86%
375.74%
399.22%
425.83%
456.25%
491.35%
532.29%
580.68%
638.75%

28 Days
27 Days
26 Days
25 Days
24 Days
23 Days
22 Days
21 Days
20 Days
19 Days
18 Days
17 Days
16 Days
15 Days
14 Days
13 Days
12 Days
11 Days
10 Days

$26.25
$26.25
$26.25
$26.25
$26.25
$26.25
$26.25
$26.25
$26.25
$26.25
$26.25
$26.25
$26.25
$26.25
$26.25
$26.25
$26.25
$26.25
$26.25

228.13%
236.57%
245.67%
255.50%
266.15%
277.72%
290.34%
304.17%
319.38%
336.18%
354.86%
375.74%
399.22%
425.83%
456.25%
491.35%
532.29%
580.68%
638.75%

28 Days
27 Days
26 Days
25 Days
24 Days
23 Days
22 Days
21 Days
20 Days
19 Days
18 Days
17 Days
16 Days
15 Days
14 Days
13 Days
12 Days
11 Days
10 Days

$35.00
$35.00
$35.00
$35.00
$35.00
$35.00
$35.00
$35.00
$35.00
$35.00
$35.00
$35.00
$35.00
$35.00
$35.00
$35.00
$35.00
$35.00
$35.00

228.13%
236.57%
245.67%
255.50%
266.15%
277.72%
290.34%
304.17%
319.38%
336.18%
354.86%
375.74%
399.22%
425.83%
456.25%
491.35%
532.29%
580.68%
638.75%

28 Days
27 Days
26 Days
25 Days
24 Days
23 Days
22 Days
21 Days
20 Days
19 Days
18 Days
17 Days
16 Days
15 Days
14 Days
13 Days
12 Days
11 Days
10 Days

$43.75
$43.75
$43.75
$43.75
$43.75
$43.75
$43.75
$43.75
$43.75
$43.75
$43.75
$43.75
$43.75
$43.75
$43.75
$43.75
$43.75
$43.75
$43.75

228.13%
236.57%
245.67%
255.50%
266.15%
277.72%
290.34%
304.17%
319.38%
336.18%
354.86%
375.74%
399.22%
425.83%
456.25%
491.35%
532.29%
580.68%
638.75%

28 Days
27 Days
26 Days
25 Days
24 Days
23 Days
22 Days
21 Days
20 Days
19 Days
18 Days
17 Days
16 Days
15 Days
14 Days
13 Days
12 Days
11 Days
10 Days

$52.50
$52.50
$52.50
$52.50
$52.50
$52.50
$52.50
$52.50
$52.50
$52.50
$52.50
$52.50
$52.50
$52.50
$52.50
$52.50
$52.50
$52.50
$52.50

228.13%
236.57%
245.67%
255.50%
266.15%
277.72%
290.34%
304.17%
319.38%
336.18%
354.86%
375.74%
399.22%
425.83%
456.25%
491.35%
532.29%
580.68%
638.75%

28 Days
27 Days
26 Days
25 Days
24 Days
23 Days
22 Days
21 Days
20 Days
19 Days
18 Days
17 Days
16 Days
15 Days
14 Days
13 Days
12 Days
11 Days
10 Days

$61.25
$61.25
$61.25
$61.25
$61.25
$61.25
$61.25
$61.25
$61.25
$61.25
$61.25
$61.25
$61.25
$61.25
$61.25
$61.25
$61.25
$61.25
$61.25

228.13%
236.57%
245.67%
255.50%
266.15%
277.72%
290.34%
304.17%
319.38%
336.18%
354.86%
375.74%
399.22%
425.83%
456.25%
491.35%
532.29%
580.68%
638.75%

28 Days
27 Days
26 Days
25 Days
24 Days
23 Days
22 Days
21 Days
20 Days
19 Days
18 Days
17 Days
16 Days
15 Days
14 Days
13 Days
12 Days
11 Days
10 Days

$70.00
$70.00
$70.00
$70.00
$70.00
$70.00
$70.00
$70.00
$70.00
$70.00
$70.00
$70.00
$70.00
$70.00
$70.00
$70.00
$70.00
$70.00
$70.00

228.13%
236.57%
245.67%
255.50%
266.15%
277.72%
290.34%
304.17%
319.38%
336.18%
354.86%
375.74%
399.22%
425.83%
456.25%
491.35%
532.29%
580.68%
638.75%

28 Days
27 Days
26 Days
25 Days
24 Days
23 Days
22 Days
21 Days
20 Days
19 Days
18 Days
17 Days
16 Days
15 Days
14 Days
13 Days
12 Days
11 Days
10 Days

$78.75
$78.75
$78.75
$78.75
$78.75
$78.75
$78.75
$78.75
$78.75
$78.75
$78.75
$78.75
$78.75
$78.75
$78.75
$78.75
$78.75
$78.75
$78.75

228.13%
236.57%
245.67%
255.50%
266.15%
277.72%
290.34%
304.17%
319.38%
336.18%
354.86%
375.74%
399.22%
425.83%
456.25%
491.35%
532.29%
580.68%
638.75%

28 Days
27 Days
26 Days
25 Days
24 Days
23 Days
22 Days
21 Days
20 Days
19 Days
18 Days
17 Days
16 Days
15 Days
14 Days
13 Days
12 Days
11 Days
10 Days

$87.50
$87.50
$87.50
$87.50
$87.50
$87.50
$87.50
$87.50
$87.50
$87.50
$87.50
$87.50
$87.50
$87.50
$87.50
$87.50
$87.50
$87.50
$87.50

228.13%
236.57%
245.67%
255.50%
266.15%
277.72%
290.34%
304.17%
319.38%
336.18%
354.86%
375.74%
399.22%
425.83%
456.25%
491.35%
532.29%
580.68%
638.75%

Extensions

If you are unable to pay on your original due date, you have the option of requesting a due date extension up to a maximum of one time. If you extend your loan due date, you will execute a new loan agreement, pay your initial loan fee on the original due date, and pay the amount financed plus an additional extension fee on your extended due date.

Requirements to Apply for a CashNetUSA Loan

In order to be eligible for any CashNetUSA loan, you must meet our requirements:

19 or older

Verifiable, steady source of income

Active checking account

U.S. citizen or permanent resident

Governing Law

The loan agreement will be governed by the applicable laws of your state. Unresolved questions or complaints should be directed to your state's regulatory agency.

CashNetUSA is licensed in Alabama by the State Banking Department.

NOTICE: FEES FOR DEFERRED PRESENTMENT TRANSACTIONS MAY BE SIGNIFICANTLY HIGHER THAN FOR OTHER TYPES OF LOANS.

Maximum Fee: The most that any Deferred Presentment provider may charge for Deferred Presentment transactions is 17.5% of the cash advanced. CNU of Alabama, LLC charges $17.50 per $100.00 borrowed for these transactions. The following table illustrates CNU of Alabama, LLC’s fee structure:

Loan Amount Fee Rate Fee Amount APR for 14-Day Term Total Payments
$100 17.50% $17.50 456.25% $117.50
$150 17.50% $26.25 456.25% $176.25
$200 17.50% $35.00 456.25% $235.00
$250 17.50% $43.75 456.25% $293.75
$300 17.50% $52.50 456.25% $352.50
$350 17.50% $61.25 456.25% $411.25
$400 17.50% $70.00 456.25% $470.00
$450 17.50% $78.75 456.25% $528.75
$500 17.50% $87.50 456.25% $587.50

No other fees may be charged for these transactions, except if a check “bounces” once it is deposited at a bank, then the provider may charge a one-time NSF fee of up to $30.00. And if the provider must go to court to collect the check, then you may be assessed court costs and attorney’s fees not exceeding 15% of the face amount of the check. You cannot be arrested or sent to jail for passing a “worthless” deferred presentment check unless the check was returned due to an account closed prior to the day of the loan.

Maximum Loan Amount: The law limits the maximum loan amount that any one borrower may have with all Deferred Presentment providers to $500. The provider will be verifying your other outstanding deferred presentment loans with a database to determine compliance with the law.

Term: Deferred Presentment transactions cannot be made for a term of less than 10 days or more than 31 days.

Renewal: Your transaction is due on the maturity date. You may obtain another transaction once this one is paid in full. However, if you cannot repay the total amount due, then, if offered by the provider, you may renew this transaction one more time upon payment of an additional fee. If you cannot pay the total amount due at that time, then, at the provider’s option, you may extend your repayment into four equal monthly installments at no additional cost.

Customer Agreement: You must be given a copy of the provider’s Deferred Presentment Services Agreement. You have the right to read the Agreement before you sign it. You have the right to ask questions of the provider’s staff until you thoroughly understand everything in the Agreement. You also have the right to walk away from the Agreement before you sign it.

Complaints: CNU of Alabama, LLC is a licensed Deferred Presentment provider in Alabama. To report any unresolved problems with CNU of Alabama, LLC, contact the STATE BANKING DEPARTMENT, Bureau of Loans, P.O. Box 4600, Montgomery, Alabama 36103-4600. Telephone: 334-242-3452. Website: www.banking.alabama.gov.

Terms Explained

Amount Financed

This is the loan amount.

Example: Jane Smith is approved for a $400 loan. This $400 is the amount financed.

Due Date

Your due date is the date on which you must repay your loan. You may repay early with no penalty.

Example: Based on her pay schedule, Jane's loan will be due when she gets her next paycheck in 15 days.

Loan Fees/Finance Charge

These terms refer to the dollar amount your loan will cost you, in addition to the amount financed.

Example: Because she borrowed $400, Jane's loan fee/finance charge will be $70.

Total of Payments

This is the sum of the amount financed and the finance charge. It is the total amount you must repay.

Example: Adding together her amount financed and finance charge, Jane’s total of payments comes to $470.

APR

APR (annual percentage rate) is a measure of the cost of credit, expressed as a yearly rate.

Alabama Line of Credit

With a line of credit, you apply only once and can borrow up to your available credit limit, repaying interest and fees based on how much you’ve drawn.

When you need more funds, you can draw up to your available credit limit without reapplying.

View our license and/or registration here.

Rates & Terms

Credit Limit

$2,000 - $3,000

Interest

The daily periodic rate applied to your account will be 0.8192%.
Annual Percentage Rate: The corresponding Annual Percentage Rate is 299%.

Transaction Fee

When you draw, you will be charged 15% of the amount drawn.

Late Fee

Late payments will incur a fee of $18 or 5% of the unpaid amount (not to exceed $100), whichever is greater.

Actual line of credit terms may vary based on applicant's qualifications.

How It Works

  1. Apply in less than 5 minutes.

  2. Receive an instant lending decision.* Possible decisions include Approved, Need More Information and Declined. If more information is needed, you may need to send in additional documentation like proof of income.

  3. If approved, receive a credit limit and draw money from your line of credit — you can draw as many times as you want, whenever you want, up to your available credit limit (minimum $50 draw).

  4. Request a draw before 1:00 p.m. CT Monday – Friday, and you will generally receive funds that same business day.

  5. Repay gradually over time or in full. Every billing cycle, you will have a minimum payment. You can pay more with no penalty in order to repay more quickly.

  6. Increase your available credit as you repay, freeing up funds to draw, up to your credit limit.

  7. Draw from your available credit whenever you need funds.

What It Costs

With a line of credit, interest is calculated based on outstanding principal, while minimum payments are calculated based on outstanding principal, interest and fees. These numbers can change from payment to payment. That means your minimum payment will usually change from one payment period to the next.

Below, you can see an example of what it might cost to draw $600 once from a $2,000 line of credit and make different kinds of repayments.

If you make only your minimum payment bi-weekly, your repayment will look like this:

Number of Bi-Weekly Payments

15

Total Repayment Time

7.5 months

APR

299%

Fees and Interest Paid

$853.11

Total Repayment

$1,453.11

If you were to repay more than the minimum each billing cycle, the time it would take to pay off your balance would go down, as would your repayment total. If you made four bi-weekly payments of $200 and one payment of $174.21, your repayment would look like this:

Number of Bi-Weekly Payments

5

Total Repayment Time

2.5 months

APR

299%

Fees and Interest Paid

$374.21

Total Repayment

$974.21

With an actual line of credit, your repayment might look different than the examples above. For instance, you could draw more money in the middle of a billing period, increasing your total repayment. Or you might repay a large sum all at once, reducing the cost and length of your repayment period.

Requirements to Apply for a CashNetUSA Loan

In order to be eligible for any CashNetUSA product, you must meet our requirements:

19 or older

Verifiable, steady source of income

Active checking account

U.S. citizen or permanent resident

Governing Law

The line of credit agreement will be governed by the applicable laws of your state. Unresolved questions or complaints should be directed to your state's regulatory agency. Click here for contact information.

Terms Explained

Account Balance

Your account balance, or outstanding balance, is the total amount due to CashNetUSA. This includes your principal balance, interest and fees charged.

Example: Jane Smith looks at her account and has an account balance of $500. This is the total amount she currently owes.

Billing Period

Your billing period is the length of time between when your billing statement opens and closes. Depending on how often you’re paid, these periods might be bi-weekly, bi-monthly or monthly.

Example: Based on her application, Jane’s billing period is bi-weekly. This means her statements will close every 14 days.

Principal Balance

Your principal balance is the amount you have drawn minus any principal payments you have made.

Example: As soon as she draws, Jane has a principal balance of $500. This will drop or rise as she makes payments and draws more.

Transaction Fee

Each time you draw funds, you will be charged a transaction fee of 15% of the amount drawn.

Example: If Jane draws $100, she will be charged $15 in transaction fees.

Late Fee

If you are 10 days late in making a payment, you will be charged a fee equal to $18 or 5% of the unpaid amount (not to exceed $100), whichever is greater.

Interest

Interest is calculated based on your outstanding principal. The daily interest rate for our line of credit is 0.8192%.

APR

APR (annual percentage rate) is a measure of the cost of credit, expressed as a yearly rate. Our line of credit has an APR of 299%.

Minimum Payment

The minimum payment is the amount you must pay on each due date. This amount will depend on whether your billing period is bi-weekly, bi-monthly or monthly.

The minimum payment for bi-weekly and bi-monthly billing cycles will be the greater of:

  • $100 OR
  • All interest accrued at the end of the prior billing period plus 5% of the total of outstanding principal and fees

The minimum payment for monthly billing cycles will be the greater of:

  • $200 OR
  • All interest accrued at the end of the prior billing period plus 12% of the total of outstanding principal and fees

The minimum payment cannot exceed the account balance. In addition, minimum payments cannot exceed $450 for bi-weekly and bi-monthly customers, or $800 for monthly customers.

Example: Jane is on a bi-weekly billing cycle. At the start of her billing period, she has an outstanding principal balance of $800, and she does not take any additional draws or make any early payments. She is charged $91.74 in interest, and her minimum payment amount is $131.74.