How Much Can You Borrow from CashNetUSA?

CashNetUSA is an online lender that provides a variety of short-term borrowing options, including payday loans, installment loans, and lines of credit. If you need access to fast cash but have been turned down by traditional lenders, CashNetUSA may be able to help. But exactly how much can you borrow from CashNetUSA? Let’s take a closer look.

Overview of CashNetUSA Loan Products

CashNetUSA offers several different loan products depending on your state of residence. Here’s a quick rundown of what’s available

Payday Loans

• Available in 14 states
• Loans range from $100 to $1,500
• Very short terms – typically your next payday
• High interest rates and fees

Installment Loans

• Offered in 28 states
• Loan amounts range from $100 to $3,500
• Longer terms of 3 to 24 months
• May have lower rates than payday loans

Lines of Credit

• Available in 9 states
• Credit limits ranging from $1,550 to $2,000
• Revolving credit – take what you need, pay it back, redraw if needed
• Interest charged only on borrowed amount

What Factors Determine Your CashNetUSA Loan Amount?

CashNetUSA considers several factors when determining loan eligibility and amounts, including

• State of residence – Each state has different regulations regarding loan sizes, rates, terms, etc This is a key factor

• Income – You must have verifiable income to qualify. Higher incomes may qualify for larger loans.

• Credit history – They may work with bad credit, but your history still impacts approval odds.

• Debt-to-income ratio – Too much existing debt can reduce loan eligibility.

• Specific lender policies – Loan criteria varies even within states.

Maximum Loan Amounts by Product

Now let’s look at the maximum amounts you may be able to borrow with each CashNetUSA product:

Payday Loans

• Oregon – $300
• Rhode Island – $1,500
• Texas – $1,800
• Wyoming – $1,500

Installment Loans

• Up to $3,500 in some states including California, Delaware, Idaho, Illinois, Mississippi, Missouri, New Mexico, Utah, Washington, and Wisconsin

• Up to $2,500 in other states like Alabama, Alaska, Arizona, Colorado, Connecticut, Hawaii, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Montana, Nebraska, Nevada, New Jersey, North Dakota, Oklahoma, South Carolina, South Dakota, Tennessee, Texas, Vermont, West Virginia

• Up to $1,000 or less in remaining states

Lines of Credit

• Up to $2,000 in AL, DE, ID, KS, LA, MO, SC, UT, WI

As you can see, installment loans tend to offer the highest potential loan amounts at CashNetUSA.

Borrowing Limits Vary Person to Person

The maximums listed above are not guaranteed. Actual loan offers will vary person to person based on income, credit, debt, and ability to repay. For example:

• Applicant 1 may qualify for a $1,000 installment loan in Texas
• Applicant 2 may only be approved for a $500 installment loan in Texas
• Applicant 3 may get a $100 payday loan in Wyoming

So while you can see the potential borrowing power, your specific loan offer depends on your financial situation.

Options If You Need More Than CashNetUSA Offers

If you need to borrow more than what CashNetUSA caps out at in your state, you may want to consider:

• Applying with another online lender – Lenders have differing criteria so you may qualify for more elsewhere. Do your research.

• Asking friends/family for help – An interest-free loan from loved ones may be possible if your credit prevents other options.

• Using a credit-builder loan – These loans help establish credit history and may open doors to more borrowing.

• Paying down debts to lower DTI – Reduce other debts so you qualify to borrow more.

• Alternative financial services – Crowdfunding, pawn shops, title loans are some other high-cost borrowing methods.

The amount you can borrow from CashNetUSA or any lender depends on your unique situation. Be sure to honestly assess your budget and only borrow what you can reasonably repay. High-interest debt can snowball quickly if not handled carefully. Consider all your options and borrow responsibly.

The Bottom Line

CashNetUSA provides a way for borrowers with less-than-perfect credit to access small-dollar loans. Maximum loan sizes range from around $100 to $3,500 depending on your state and individual qualifications. While CashNetUSA may not offer huge loan amounts, their products can serve as an option for covering an emergency expense when you’re faced with a short-term cash crunch. As with any high-interest loan, make sure you understand the terms and have a repayment plan prior to borrowing.

CashNetUSA doesn’t have a specific minimum credit score requirement for loan approval. Instead, they use an alternative credit check that considers your overall financial history and uses a custom underwriting model to determine eligibility.

No, CashNetUSA does not approve everyone who applies. While they offer loans to individuals with less-than-perfect credit, they still have specific eligibility requirements.