What Are the Rewards Offered?

As mentioned earlier, the decision about rewards entirely rests with the lender. Some lenders offer $1 to $5 for every $100 borrowed. If the cashback loan amount is $1000 and the reward amount is $2, you would 10 x 2 = $20 as cashback.  The cashback is given after you have successfully repaid the loan as agreed. The cash is deposited in your bank account by the lender after the successful repayment of the loan.  Some lenders also pay a cashback reward when you refer a friend, and he/she takes a loan from the lender. In this case, there is no condition of repayment to earn the cash reward. The cashback is awarded as soon as your friend or the referred person signs the loan agreement.