What Is It, and How Does It Work? Cash Wave is a mobile cash advance app that can help you get short-term loans quickly and easily and is operated by Cash Wave Lending LLC, a company that is registered in Wyoming, USA.
Here’s a full review of the Cash Wave loan app and its alternatives—including whether it’s legit, how it works, and how it compares to other lending apps.
Overview
Cash Wave is not a direct lender but a mobile loan-matching app developed by Cash Wave Lending LLC, a registered company that is based in Wyoming, USA. These loan apps connect you with licensed third-party lenders who can offer personal loans or small cash advances.
The app can help you apply for loans up to $500, with quick decisions, transparent fees, and no credit checks. The whole process takes place on your phone with no paperwork.
See Also: Enable Loans: Login, How To Apply, Review, Is It Legit or Scam?
How Does Cash Wave Loan App Work?
Using the Cash Wave is a straightforward and user-friendly process. Here’s a simple step-by-step guide:
- Download the app from the Apple App Store.
- Create an account by entering your basic information—name, date of birth, income, and bank details.
- The app instantly matches you with multiple trusted lenders.
- Review the loan offers, including interest rates and repayment terms.
- Choose the best offer and accept it.
- Receive the funds directly in your bank account.
To qualify, you must be at least 18 years old, a legal U.S. resident, and also have an active checking account and proof of regular income.
Important Note: There is a separate service in the UK also called CashWave, operated by SteadyPay Ltd (available at steadypay.co). That UK version offers up to £300 in interest-free advances through a subscription-based model.
However, this UK service is not related to Cash Wave Lending LLC in the United States. The information in this article specifically refers to the U.S. Cash Wave app only.
Cash Wave Loan App Review and User Ratings
The loan app has received an impressive rating of 4.78 out of 5 stars on the Apple App Store, based on nearly 6,000 reviews. This stat shows that users generally find the app helpful and easy to use, fast, and useful during emergencies.
Since Cash Wave is a newly launched app in 2025, there aren’t many user reviews yet. However, early users have shared mostly positive experiences so far.
Is Cash Wave Legit?
Cash Wave app is a legitimate financial service provider, registered as Cash Wave Lending LLC in the state of Wyoming. It operates as a loan facilitator, meaning it doesn’t lend money directly but connects you to verified, licensed lenders.
The app uses bank-level encryption to protect your personal and financial data and does not charge you any fees directly and promises that all loan terms and costs will be presented clearly before you agree to anything.
While its office address is a mail forwarding location, which is a common practice for online businesses, there are currently no fraud reports or scam complaints filed against Cash Wave. But we advise you to always read your loan agreement carefully before signing.
Loan Terms and Interest Rates
Cash Wave itself does not charge any fee, but interest and fees come from the lender you choose. Loan terms may vary depending on your income and the lender’s terms, but here’s what it may look like:
- Loan amounts: Up to $500
- Interest rates (APR): Between 4.99% and 35.00%
- Repayment periods: From 90 days to 24 months
For example, borrowing $200 for 12 months at an APR of 11.5% would mean paying about $17.78 per month, and total repayment would be $213.38.
Cash Wave claims that there are no hidden fees, no subscription costs, and no membership charges from the app itself.
See Also: Enable Loans: Login, How To Apply, Review, Is It Legit or Scam?
Cash Wave Loan App Alternative
How does Cash Wave app stand up against other popular loan apps in 2025? Here’s an alternative and side-by-side look:
Cash Wave vs. Other Alternative Loan Apps
| App Name | Loan Amount | Interest or Fees | Availability | Best For |
|---|---|---|---|---|
| Cash Wave | Up to $500 | 4.99% to 35% APR | iOS only | Fast loans with flexible terms |
| Earnin | $150 to $750 | Tip-based, instant fee | iOS and Android | Paycheck advances |
| Dave | $25 to $500 | Up to 5% fee + subscription | iOS and Android | Smaller, short-term loans |
| MoneyLion | $10 to $1,000 | No interest, instant fee | iOS and Android | Members of MoneyLion services |
| Brigit | $25 to $250 | Monthly subscription + fees | iOS and Android | Budgeting tools + small loans |
These loan app stands out for its clear terms, no membership requirements, and longer repayment periods. Cash Wave is best for users who need a loan quickly and want more than just a payday advance.
Official Website, Contact and Support
- Website: cashwavelending.com
- Email: help@cashwavelending.com
- Location: 30 N Gould St, Sheridan, WY 82801
You can reach out to Cash Wave customer service only on the email, with no live chat or phone support, so make sure to explain your concern clearly in your email.
Frequently Asked Questions (FAQs)
1. Is Cash Wave loan app a real loan provider?
Cash Wave is not a direct lender, but it is a real and legitimate loan-matching app that connects you with licensed lenders across the U.S. who offer legal, short-term personal loans.
2. Can I get a loan with bad credit?
Cash Wave does not perform a credit check, but it looks at your income and banking history instead. So if you have a steady paycheck and an active checking account, you will get a good chance of being approved.
3. How quickly can I receive the loan?
Once approved, most users receive their funds by the next business day. Some lenders may even send the money the same day, depending on your bank’s processing times.
4. Are there any hidden charges?
No hidden charge, Cash Wave is free to use. It does not charge any hidden fees, and there are no subscription costs. All fees and interest will be shown clearly by the lender you choose before you accept any loan.
5. Is the app available on Android?
As of 2025, Cash Wave app is only available on iOS devices. There is no Android version yet. Users with iPhones or iPads can download it from the App Store.
6. What are the eligibility requirements?
To qualify for a loan, you must:
- Be 18 years or older
- Be a U.S. citizen or legal resident
- Have an active checking account
- Show proof of regular income
7. Will it affect my credit score?
Cash Wave does not perform a hard credit check; applying for a loan will not affect your credit score. However, if you fail to repay your loan, the lender may report it or take legal action, which could eventually impact your credit.
Final Thoughts
Cash Wave loan app is a mobile cash advance app operated by Cash Wave Lending LLC, a company registered in Wyoming, USA, but it does not lend money directly. Instead, it serves as a loan-matching app that connects users with third-party lenders offering personal loans or payday-style advances.
According to its official site, the loan app can allow you to apply for quick loans up to $500 with no credit check and no hidden fees. The process is simple:
- Download the app from the App Store.
- Create an account and fill out a short form with your personal and financial information.
- The app instantly matches your request with multiple lenders from its network.
- You then review and compare loan offers, including details like the interest rate, repayment term, and fees.
- After submitting your loan application, once it’s approved, funds will be deposited by the next business day.
Cash Wave loan emphasizes transparency, but its terms clearly state that loan APRs typically range from 4.99% to 35.00%, depending on the lender and your eligibility. Here’s the helpful example: A $200 loan at 11.5% APR over 12 months would result in monthly payments of about $17.78, for a total repayment of $213.38.
The app is designed to be beginner-friendly; the process is in four easy steps:
- Tell us about yourself.
- Get matched instantly
- Choose what works best
- Get paid fast
It also assures users of bank-grade encryption to protect their data. There are no application fees, and all costs and fees come directly from the lender you choose, and they are fully disclosed before you accept any offer.
If you’re an iPhone user who needs emergency cash, this can be a smart and safe option that is worth considering. Just remember borrowing money should always be done responsibly. Make sure you understand the repayment terms and only borrow what you can afford to pay back.
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