Is Kashable legit?
Kashable is a reputable allotment loan lender with a strong track record. The company is accredited by the Better Business Bureau (BBB) with an A+ rating and receives many positive reviews from past customers.
To protect your personal information, Kashable uses security measures that comply with federal law, like computer safeguards and secured files. And unlike many lenders, the company won’t sell your data to third parties.
If you’re considering a loan and work for a participating lender, Kashable’s strong reviews and secure practices make it a solid option.
What makes Kashable shine?
Kashable makes it easy for qualifying employees and federal employees to take out loans and pay them back through payroll deductions. The company offers competitive APRs starting at 6% for the most qualified borrowers.
The application process is straightforward and can be completed entirely online in just a few minutes. Once your application is approved, you can expect to receive your loan in as little as one business day.
Kashable is an especially good option if you’re trying to build up your credit — the company reports to all three credit bureaus, so on-time payments can help improve your credit score. And while Kashable checks your credit history when you apply, bad credit may not disqualify you. The company states that it approves more than 90% of applicants for a loan.
Where Kashable falls short
The biggest downside to Kashable is that it isn’t available to the general public. You must work for a partner employer or be a federal employee and live in a participating state to qualify.
Loan terms are also limited. You can only borrow up to $20,000, so if you need to cover a larger expense like a home, new car or college education, you’ll need another option. And because loan amounts are low, Kashable only offers repayment terms between six and 24 months.
Another drawback is the processing fee that Kashable charges. This one-time fee is equal to 10% of your loan amount, but it maxes out at $200. And even though APRs start low, you could be charged up to 35.99% if you have bad credit.
Kashable loan details
| Minimum credit score | Not disclosed. Kashable checks credit scores but prioritizes employment status in its approval process. |
| APR | 6% to 35.99% |
| Loan amount | $250 to $20,000 |
| Terms | 6 to 24 months |
| Turnaround | As little as 1 business day after approval |
| Availability | Available to federal employees in DC, Puerto Rico and all states except West Virginia. For non-federal employees, availability varies by state and employer participation. Kashable holds licenses in 41 states, DC and Puerto Rico. |
| Fees | May be charged a processing fee of 10% of the loan amount. May be charged a late payment fee of $10 maximum. |
Kashable contact information
| Phone number | 646-663-4353 or 855-527-4488 |
| Customer service hours | XXXXX |
| support@kashable.com | |
| X, formerly Twitter | @getkashable |
| @kashable |
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How to qualify for Kashable
Eligibility for a Kashable loan mostly depends on your employer and location, but here are the basic requirements:
- Work for a participating employer or be a federal employee
- Meet the minimum requirement for time at your current job
- Live in a state where Kashable is authorized to operate
- Provide a valid Social Security number
- Consent to a credit check during the application process
- Have a checking account in good standing that’s been open for at least 90 days
How to apply
Applying for a loan through Kashable only takes a few minutes. Here’s what you have to do:
- Register on the Kashable website and verify that you work for a participating employer.
- Complete the online application, which requires a hard credit check.
- Sign the loan agreement electronically.
- Receive the funds in your bank account by the next business day.
- Pay back the loan. Kashable automatically deducts payments from your paycheck.
How Kashable compares to other lenders
What is the Finder Score?
The Finder Score crunches 6+ types of personal loans across 50+ lenders. It takes into account the product’s interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate – this gives you a simple score out of 10.
Read the full Finder Score breakdown
Kashable reviews and complaints
| BBB accredited |
Yes |
|---|---|
| BBB rating |
A+ |
| BBB customer reviews |
2 out of 5 stars, based on 17 customer reviews |
| Trustpilot Score |
3.9 out of 5 stars, based on 3 customer reviews. |
| Customer reviews verified as of |
07 January 2025 |
Kashable reviews on the Better Business Bureau (BBB) and Trustpilot websites are a bit of a mixed bag. Most customers give the company either a single star or five stars. There are few ratings in between.
Customers who give high ratings praise the company for its easy application process, helpful customer service agents and fast funding times. A couple of reviewers even mention getting multiple loans from Kashable.
The biggest complaint by far is not getting approved — either for an initial loan, refinancing a current loan or an additional loan after completing repayment on an earlier loan. Other than that issue, there are few complaints about the company.
What do people on Reddit say?
Most discussions about Kashable on Reddit are positive, with multiple people recommending Kashable to Redditors looking for bad credit loans. There are just a couple of negative comments, with one person stating frustration because they didn’t qualify with Kashable, while another complained that they refinanced their loan several times already and then got denied for an additional refinance.
Frequently asked questions
Who is eligible for Kashable?
To be eligible for a loan, you must either be a federal employee, federal retiree or work for one of Kashable’s partner employers. The company doesn’t disclose a minimum credit score because it bases its loan decisions primarily on your employment status. If you don’t qualify with Kashable, consider other top personal loan options.
How much can I borrow from Kashable?
Kashable allows you to borrow anywhere from $250 to $20,000.
How long does it take to get money from Kashable?
Once your application is approved, you can expect to receive your funds in as little as one business day.
What can Kashable loans be used for?
You can use your Kashable loan for just about anything, such as covering a medical expense, paying down debt or getting your car repaired — but you’re not allowed to use the funds to pay for any post-secondary educational expenses.
Is it possible to refinance my Kashable personal loan?
Yes, you can refinance a Kashable loan if you meet certain conditions, including:
- Have a loan term longer than six months or a principal loan amount greater than $750
- Have at least 50% of your loan paid off
- Be at least halfway through the repayment term
- Be current on your payments or less than 30 days late
Can I take out a second loan with Kashable?
Yes, you can take out another loan with Kashable if you have already repaid your first loan. However, you can’t have more than one loan open at a time.
