45Cash Reviews: Pros, Cons, Are They Legit (2025)

The Bottom Line:

45cash's unsecured installment loans are a good option for borrowers seeking flexible, fast funding, without the need for collateral.

Pros:

• No collateral required.
• Simple online application process.
• Fast approval and funding.
• Flexible loan terms.
• Accepts borrowers with a minimum credit score of 600.

Cons:

• Interest rates can be high, particularly for those with lower credit scores.
• Not available in all states.
• Maximum loan amount of $5,000 may be insufficient for some borrowers.
• Origination fees may apply.

Full Review:

45cash is a California-based lender specializing in unsecured installment loans for borrowers who may not qualify for traditional financing options. With a focus on simplicity and accessibility, 45cash aims to provide a seamless borrowing experience for individuals seeking financial solutions without collateral.

45cash is best for borrowers who:

Do not have collateral to secure a loan: 45cash's unsecured installment loans do not require borrowers to put up collateral, making them an attractive option for individuals who cannot or do not wish to secure their loan with assets.

Need fast access to funds: The online application process is simple and straightforward, allowing borrowers to apply and receive a decision quickly. In many cases, approved borrowers can access their funds within 24 hours.

Have less-than-perfect credit: 45cash caters to borrowers with credit scores as low as 600, providing an accessible financing option for those who may not qualify for loans from traditional lenders.

45cash loan features

45cash offers unsecured installment loans with the following features:

• Loan amounts ranging from $1,000 to $5,000.
• Interest rates ranging from 15% to 299%, depending on the borrower's creditworthiness and other factors.
• Repayment terms of up to 36 months.
• No prepayment penalties.
• Online application and approval process.

45cash loan requirements

To qualify for an unsecured installment loan from 45cash, borrowers must meet the following minimum criteria:

• Credit score of at least 600.
• Be a U.S. citizen or permanent resident.
• Be at least 18 years of age.
• Have a valid Social Security number.
• Have a verifiable source of income.
• Possess an active checking account.

Where 45cash Stands Out

No collateral required

One of the key benefits of 45cash's unsecured installment loans is that they do not require borrowers to put up collateral. This makes them an appealing option for individuals who either cannot or do not wish to secure their loan with assets.

Fast funding

45cash's online application process is designed to be simple and efficient, with most applicants receiving a decision within minutes. In many cases, approved borrowers can access their funds within 24 hours, making 45cash an attractive choice for those who need fast access to capital.

Accessible to borrowers with less-than-perfect credit

45cash caters to borrowers with credit scores as low as 600, making their loans accessible to those who may not qualify for financing from traditional lenders. This focus on accessibility makes 45cash a viable option for individuals with less-than-perfect credit seeking financial solutions.

Where 45cash Falls Short

High interest rates for borrowers with lower credit scores

Interest rates for 45cash's unsecured installment loans can range from 15% to 299%, depending on the borrower's creditworthiness and other factors. These high interest rates can make the cost of borrowing more expensive, particularly for those with lower credit scores. It is essential for potential borrowers to carefully consider the total cost of their loan, including interest and any fees, before deciding to borrow from 45cash.

Limited availability

45cash's unsecured installment loans are not available in all states. Borrowers should check the company's website for the most up-to-date information on state availability before applying.

Maximum loan amount

With a maximum loan amount of $5,000, 45cash's unsecured installment loans may not be sufficient for some borrowers' financial needs. However, for those seeking smaller loan amounts, 45cash could be a suitable option.

Origination fees

45cash may charge origination fees for their unsecured installment loans, which can increase the overall cost of borrowing. Borrowers should carefully review their loan agreement to understand any additional fees or charges associated with their loan.

How to apply for a 45cash loan

Applying for a 45cash unsecured installment loan is a straightforward process that can be completed entirely online. Borrowers will need to provide the following information during the application process:

• Personal information, such as name, address, and Social Security number.
• Employment and income details.
• Bank account information.

Once the application is submitted, 45cash will review the information and provide a loan decision, typically within minutes. If approved, borrowers can expect to receive their funds within 24 hours in most cases.

Final Thoughts

45cash's unsecured installment loans offer a convenient, flexible financing option for borrowers who do not have collateral, need fast access to funds, or have less-than-perfect credit. While interest rates can be high, particularly for those with lower credit scores, and origination fees may apply, 45cash could be a suitable choice for individuals seeking a straightforward borrowing experience without the need for collateral.

Remember to carefully review your loan terms and ensure that the cost of borrowing aligns with your financial goals before committing to any loan.

Frequently Asked Questions about 45cash

What is the minimum credit score required to apply for a 45cash loan?

There is no specific minimum credit score requirement to apply for a 45cash unsecured installment loan. However, the lender will consider your credit history along with other factors, such as income and employment, during the approval process.

How quickly can I receive funds from 45cash?

If approved, borrowers can generally expect to receive their funds within 24 hours, making 45cash a convenient option for those in need of fast access to funds.

Is collateral required for a 45cash unsecured installment loan?

No, 45cash's unsecured installment loans do not require collateral, making them a suitable option for borrowers who do not have assets to pledge.

Can I prepay my 45cash loan without penalty?

Yes, borrowers can prepay their 45cash loan at any time without incurring prepayment penalties. Prepaying a loan can help save on interest costs over the life of the loan.

What are the fees associated with a 45cash loan?

45cash may charge origination fees on their unsecured installment loans. Borrowers should review their loan agreement carefully to understand any fees associated with their loan.

What are the terms for a 45cash unsecured installment loan?

45cash's unsecured installment loans offer repayment terms ranging from 12 to 60 months, allowing borrowers to choose a term that best aligns with their financial goals and budget.

What is the maximum loan amount available through 45cash?

The maximum loan amount available through 45cash is $5,000, which may not be sufficient for some borrowers' financial needs.

Is 45cash available in all states?

No, 45cash's unsecured installment loans are not available in all states. Borrowers should check the company's website for the most up-to-date information on state availability before applying.