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CashCall specializes in quick loans for people with substandard credit. The company recently introduced a $25,000 unsecured personal loan for borrowers with good credit. APR for this loan is 36 percent and the repayment term is ten years. This loan is more than twice as large as any loan previously offered by the company and processing is just as fast.

Loans of varying amounts with different interest rates are available from CashCall, depending on the credit score and needs of customers. Some people mistakenly think the loans are payday loans. In California, where the company is headquartered, payday loans may not exceed $300 and must be repaid within two to four weeks.

Unsecured personal loans from CashCall range from $2,600 to $25,000. Classified as installment loans, they are repaid via monthly payments over a predetermined period. Borrowers are also permitted to repay their loan in full at any time without incurring a penalty or fee. People can apply for a CashCall loan over the telephone, through fax, or online. Once a loan is approved, the money is usually deposited into the checking account of the borrower within 24 hours.

In addition to a new loan, CashCall has a new Web site. Consumers who need financing for debt consolidation or one-time purchases are encouraged to learn more by visiting the site. The company offers both consumer loans and mortgage loans. Current rates for mortgage loans are as low as a 3.375 percent initial rate for a five-year ARM, a 3.03 percent fully indexed rate, and 3.212 percent APR.

A loan from CashCall is much cheaper than typical payday loans and even less expensive than some credit card cash advances. With CashCall loans, borrowers rebuild their credit score through timely repayments. All loans made are pursuant to the California Department of Corporations Finance Lenders Law.