Cashback Loans

Mon-Fri: 8am - 7pm
Sat: 8am - 6pm
Sun: 9am - 5pm
PO Box 6090, La Quinta CA 92253
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Most times we are often unprepared for emergencies, and it is such a time when having a cash advance could be a lifesaver. Accessing that cash, however, is the challenge.

Thankfully, there are payday loan companies that offer you a cash advance to handle your issues until your next paycheck.

The problem with that, however, is that there are numerous payday loan companies and it can be challenging to sift through them all and find one that fits your requirements.

Of course, if you are looking for a company with lower interest rates, there are other options but Cashback Loans are a fair option for borrowers who need an instant payday loan.

Cashback Loans Overview

If you are from Indio or Corona in California, then you are in luck because Cashback Loans is a payday loans company that has been doing business since 2003 and can cater to all your needs.

Cashback Loans is a short-term lender based out of California that offers small amount payday loans.

Cashback Loans Highlights

  • Loan amounts: $150, $200, $250, $300.
  • Loan types: Same day online payday loan.
  • Credit check: None required.
  • Minimum credit score: No minimum credit score. Doesn't conduct a credit check.
  • Funding time: At least 15 minutes after approval if your bank can accept instant transfer, if not, you can get it the next business day.
  • Repayment terms: 1 - 31 days.
  • Interest rate: Not disclosed. It depends on the individual loan length but is usually 460%.
  • Fees: 15% of the loan amount up to a $45 maximum.
  • BBB Rating: NR.
  • It is a direct lender.
  • Fast funding.
  • No credit score is needed to apply.
  • High interest rate.
  • Only available in California.
  • Not BBB accredited.
  • Short repayment terms and small amounts.
Bottom Line

Cashback Loans is a direct lender that offers same-day payday loans up to $300 in California. However, it has an extremely high interest rate and the company is not BBB accredited.

Where Cashback Loans Stands Out

It is a direct lender.

Cashback Loans offer the direct lender advantage. Since you don't have to go through a middleman to negotiate the loan application, direct lenders process loans faster, which greatly reduces your wait time.

Additionally, since you have direct contact with Cashback Loans, you can negotiate interest rates and payback terms as appropriate, especially in the event that your payment is delayed.

More importantly, there is less risk of having your information sold or shared with third parties.

Fast funding

Fast funding is yet another benefit of borrowing your loan from Cashback Loans. The company offers same day online payday loans. Payday loans are essentially small-term loans that help you stem the tide until your next paycheck arrives.

Cashback Loans guarantees that you can have your loan in as little as 15 minutes after approval, but not more than 24 hours for instant payday loans.

No credit score is needed to apply

Most lenders conduct either soft or hard credit checks before approving your loan application. Although soft credit checks don't have much impact on your credit score, there is still some influence. That's not even considering how hard credit checks can lower your credit score.

Thankfully, Cashback Loans don't conduct credit checks or require access to your credit history to offer you a loan. In fact, they are an ideal lender of payday loans for bad credit.

Where Cashback Loans Falls Short

High interest rate

One of the most significant drawbacks of taking out a loan with Cashback Loans is their high interest rate. That's especially in proportion to the loan amount and repayment period.

For instance, Cashback Loans offers a 14-day repayment period at an interest rate of 460% for an $85 loan.

Only available in California

Cashback Loans are only available to clients within California, especially Indio and Corona. You can't change the state during the application, making it inaccessible to thousands of people from other states.

Not BBB accredited

The company is not BBB accredited. As such, there are no reviews on BBB or a rating for customers to assess the company. This makes it difficult to trust the company or understand its shortcomings without having to deal with them first.

Short repayment terms and small amounts

We were also quite disappointed to find that Cashback Loans offers loans in very small amounts with $300 as the maximum and $150 as the minimum. For most people, the amount is too low to cater to most emergencies, which is usually what most people need instant loans for.

On the same breath, the short repayment terms are also another significant shortcoming of Cashback Loans. They offer up to 31 days as the maximum loan repayment term, which can be quite limiting.

Compare Cashback Loans to other lenders

Cashback Loans
Personal Loans™
Est. ARP
5.99% to 35.99%
5.99% to 35.99%
$150, $200, $250, $300
Loan Amount
$1,000 to $35,000
$500 - $10,000
1 - 31 days
Loan Terms
3 - 72 months
3 - 72 months
Doesn’t check
Credit Check
Soft credit check
Soft credit check
BBB Rating

Considering the one state limit, the high interest rates, and the lack of a BBB rating and accreditation, it is understandable that some borrowers wouldn't consider Cashback Loans.

Thankfully, there are numerous alternatives with better rates, availability, BBB ratings, loan amounts and loan repayment terms for borrowers to choose from:

Cashback Loans vs. Personal LoansTM

Personal LoansTM is one of the best alternatives that you can find when borrowing payday loans for bad credit. Unlike Cashback Loans, Personal LoansTM is not a direct lender.

Instead, the company provides the platform to connect borrowers and lenders, making it easier for both parties to determine whether they are the best fit. With Personal LoansTM, you have significantly more choices of lenders than the single option provided by Cashback Loans.

Both companies offer quick funding and are payday lenders. However, since Cashback Loans is a direct company, the application and review process is significantly faster, allowing for same day instant payday loan.

Both Personal LoansTM and Cashback Loans have clear application forms, which makes them trustworthy since there isn't any confusing language in the form.

However, while openness stops there for Cashback Loans, it doesn't for Personal LoansTM. All the terms, requirements, and rates from the lenders are listed on the website, making it easier for a borrower to decide on which lender to choose from the list.

However, with Cashback Loans, you have to discuss the loan before you can get a clear answer on the rates.

Through Personal LoansTM, you get to borrow as much as $35,000 and as low as $1,000. The interest rates vary depending on the lender but you get anywhere between 5.99% to 35.99%.

The repayment term also depends on the lender but could be anywhere between 3 months to 72 months. To ease your worries, Personal LoansTM is BBB accredited with an A- rating.

Cashback Loans vs. is yet another alternative that borrowers could consider over Cashback Loans.

However, is not a direct lender but a platform to connect borrowers and lenders. That means that you have more lenders to choose from, but also increases the time spent in the application and review process.

In fact, unlike Cashback Loans where you can apply for the loan after the login process, the same doesn't apply to

Instead, collects your information and uses that as a guideline to connect you to a prospective list of lenders, which makes the process significantly longer when compared to Cashback Loans.

However, what you lose in time, you gain in transparency and features. With, you gain access to the lender's rates and fees directly on the website while the same doesn't apply to Cashback Loans where you have to initiate direct contact to get the information on rates and fees. is not a payday lender, which means that you shouldn't expect to get a cash advance.

However, unlike Cashback Loans which is a payday lender, doesn't require an agreement that allows them to automatically debit the loan and interest from your account. If you cannot repay the loan on time, will rollover the debt into a new loan with higher fees and interest rates.

However, if you fail to pay on time for the payday loan from Cashback Loans, they report you to a loan collector, who may report to credit bureaus and further damage your credit score. offers loans ranging from $500 to $10,000, which is significantly more helpful in emergencies than Cashback Loans. In addition, their rates range from 5.99% to 35.99% as opposed to 460% at Cashback Loans.

The repayment term ranges between 3 months to 72 months, which is more than the 31 days offered by Cashback Loans and less stressful on the borrower. is available in over 50 states while Cashback Loans is only available to borrowers in California. is BBB accredited with a C- rating. However, the company runs a soft credit check before approving your loan, while Cashback Loans does not.

More importantly, the lender that you connect to might require a more rigorous credit check, so you should consult them before committing since a hard credit check can affect your credit score.

Both companies don't have a minimum credit score requirement, making them suitable for loans for bad credit.

Requirements for Cashback Loans

  • You must be a resident of the California State because the company only offers loans in California.
  • You should provide a valid email address.
  • You should have an active and valid checking account.
  • You should provide your government-issued photo ID.
  • You should have an active phone number.
  • You must have a steady source of income.

How to Apply with Cashback Loans

  1. You can apply for a payday loan online, at the local branch, or through the phone.
  2. To apply online, visit the website and click on “Apply Online”. Similarly, you can also call or visit the branch and follow the directed procedure.
  3. Fill in the application form with your correct details and wait for Cashback Loans to review your application, which usually takes a few minutes.
  4. Once approved, you can either have the money deposited into your account or pick the cash at any Cashback Loans locations.

How CreditYelp rates Advance America

Overall Score 3.5/5 Explanation
Requirements & Application 3.5/5 It accepts bad credit and the requirements are easy to meet, but only available in 1 state and minimum income is $13,200.
Loan Application 4.5/5 The application form is clear, without confusing language and unclear terms that would otherwise trick the borrower into an unfavorable contract.
Loan Flexibility 2.5/5 The maximum repayment term is 31 days, which places too much pressure and stress on the borrower.
Loan Affordability 3/5 The maximum loan amount is $300, which may be a small amount when borrowing, but it is an equally small amount when paying making it affordable for most borrowers.
Reviews & Transparency 4.0/5 Although there are few reviews on the matter, those that we’ve come across show that the company maintains a high volume of quality local customer support.

Cashback Loans FAQs

Q1: Is a payday loan secured or unsecured?

A: A payday loan is an unsecured loan. Therefore, Cashback Loans doesn't take any security interest for the loan.

Of course, due to the nature of payday loans, most lenders resort to offering higher interest rates and fees to protect themselves in case the borrower defaults. That can explain why Cashback Loans have such a high interest rate.

Q2: What days are Cashback Loans open?

A: Cashback Loans are open for 6 out of 7 days in a week, with the exclusion being Sunday.

The operating hours on weekdays, excluding Friday, are from 10 A.M. to 6 P.M. On Friday, the company opens at 9 A.M. and closes at 6 P.M. On Saturday, the company opens at 9 A.M. and closes at 3 P.M.

Q3: Is Cashback LLC a legit company?

A: Cashback Loans was founded in 2003, and is based out of Rancho Cucamonga, California. The company operates only in the California State.

Unfortunately, the company is not BBB accredited and doesn't have a presence in review sites making it difficult to comment on the quality of their service.

Q4: The max payday loan in California is $255, is it legit that Cashback Loans offers $300?

A: Payday loans are legal in California. Therefore, if a company is registered with the California Department of Business Oversight (DBO) and licensed with the Department of Financial Protection and Innovation (DFPI), which you can easily check online or through a call, then it is legal to offer payday loans.

The maximum amount for payday loans in California is capped at $300, which means it is legal for Cashback Loans to offer that much.

Similarly, the maximum APR is capped at 460% for a $100 loan minimum with a 14-day repayment period, which makes it legal for Cashback to offer such rates for their loans.

Q5: What happens if I fail to pay back my loan on time?

A: Usually, for payday loans the lender can withdraw the money directly from your account as authorised during the application process.

However, if there isn't money in the account and you fail to come to terms with them on extending the repayment period, then they are likely to contact a debt collector. The debt collector will follow up on the loan and recoup the losses for the company.

Of course, most debt collectors report your credit activity to credit bureaus, which can be damaging to your credit score. Cashback Loans does not report to credit bureaus directly and this only happens if a debt collector is involved.

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