About Lender
NetCredit is a licensed lender based in Chicago, founded in 2012 and a subsidiary of Enova International. In some states, it partners with Republic Bank & Trust Company for loan underwriting and approval. NetCredit offers online personal loans and credit lines with fixed interest rates and monthly payments, so you know exactly how much you’ll pay each month.
The company has a focus on making credit available to middle and lower-income consumers. They lend to people with a stable and verifiable income, bad credit, no collateral, no co-signers. You can often get funds as soon as the next business day for urgent needs – just at a higher APR. NetCredit is for people who need cash now and can’t qualify for traditional lenders.
Key Features
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Online Application. NetCredit’s application is entirely online so you can apply for a loan from anywhere with internet.
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Fast Funding. Funding is fast – typically within one business day of approval.
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No Prepayment Fees. No prepayment fees – pay off your loan early with no extra cost.
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Credit Builder. NetCredit’s credit builder program allows you to make small, scheduled payments on your loan to build your credit over time.
Pros and Cons
Pros
Bad Credit OK. You don’t need good credit to pre-qualify for a NetCredit loan. You only need a minimum credit score of 500, but in some cases the minimum credit score for personal loans can go down to 0.
Big Loan Amounts. NetCredit offers relatively high loan amounts that can let borrowers cover unexpected needs.
Fast Cash. You can get money the same day you apply. Just apply before 7:00 am with the required documents.
No Co-Signer or Collateral Needed. NetCredit personal loans are affordable and unsecured. Only the borrower is responsible for the loan.
Cons
High APR. NetCredit loans are high-cost, with an APR far above the affordable limit, which may make them unaffordable for some borrowers.
Loan Terms Vary by State. Another disadvantage of this type of personal loan is it’s not available in most states.
High Origination Fee. NetCredit requires borrowers to pay high origination fees.
Late Payment Fee. The company cherges high late payment fees.
Reliability
Legit Financial Company. NetCredit is a licensed financial technology company based in Chicago, founded in 2012.
Regulated by Laws. The company is regulated by state and federal laws and complies with all applicable regulations.
Strong Security. They have strong security protocols to protect customer’s personal and financial information.
Good Customer Reviews. 4.8/5 on Trustpilot based on customer reviews.
How to Apply for a NetCredit Loan?
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Visit the NetCredit Website. Go to NetCredit's official website to begin your application.
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Complete the Online Application. Fill out the application form with your personal and financial information. This process is straightforward and takes just a few minutes.
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Receive an Eligibility Decision. After submitting, you'll quickly receive a decision. NetCredit conducts a soft credit check that won't affect your credit score.
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Select and Sign Your Agreement. If eligible, review the loan terms, customize your loan amount and repayment schedule, then sign the agreement electronically.
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Use a Pre-Qualified Offer Code if Applicable. If you have a pre-qualified mail offer, enter your eight-digit offer code on the offers page to access your personalized offer.
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Await Fund Disbursement. Once approved, funds can be deposited into your account as soon as the next business day.
Conditions and Requirements
Conditions
Loan Amounts. Amounts vary from $1,000 to $10,000
Loan Terms. Terms may go from 6 to 60 months
Annual Percentage Rate (APR). Interest rates vary between 34.99% and 99.99%
Requirements
Age. 18 or older in most states, 19 or older in Alabama and Delaware, 21 or older in Mississippi
Bank Account. Borrowers must have a personal checking account
Email. You should indicate your email address
Income. Customers must have a verifiable income.
Ways to Receive the Money
Once approved for a loan or line of credit at NetCredit, the funds will be deposited directly to your bank account. For personal loans, the money can be received the same business day or the next business day if approved. For lines of credit, cash advance requests made by 9:30 a.m. CT can be funded the same business day, otherwise, they are funded the next business day.
Products
Personal Loans. Unsecured loans from $1,000 to $10,000 based on your state of residence and creditworthiness. Online application is quick and easy and approved funds can be deposited to your account the next business day. Payments are made in equal monthly installments and on-time payments are reported to major credit bureaus which can help build your credit history.
Line of Credit. A flexible credit line up to $4,500 based on eligibility. You can access funds whenever you need by taking a cash advance from your available credit. Funds are available the next business day after a cash advance fee is deducted. Minimum payments are required each billing cycle, including a portion of the balance plus fees. Responsible use can unlock rewards like fee reductions and payment flexibility. On-time payments are also reported to major credit bureaus.
Other Personal Loans
Reasons for Loan Refusal
Reasons for denial at CreditNet are usually due to low credit score, insufficient income, unstable employment or other adverse financial situations.
How to Repay a NetCredit Loan?
You can pay your NetCredit loan or line of credit in several ways. They offer a recurring payment option (AutoPay) through Electronic Fund Transfer (EFT) where payments are deducted from your bank account on due dates. Other options include one-time payments via debit or prepaid cards, EFT, paper check, money order, MoneyGram or Western Union. Paper checks or money orders should be sent to their address before each due date. You can also change your payment preference during the loan term and for more information you can call NetCredit at (877) 392-2014.
Loans like NetCredit
OppLoans
OppLoans is a notable financial service provider that offers consumer loans varying from $500 to $4,000. They expedite the funding process to ensure that approved applicants receive the necessary funds promptly, which is advantageous for those dealing with immediate financial concerns. OppLoans offers adaptable repayment conditions, giving customers the choice between 9, 12, and 18-month loan terms. This adaptability allows borrowers to opt for a repayment plan that matches their financial ability, ensuring a seamless and manageable loan journey.
Rise Credit
RISE Credit is a reliable online lender that provides loans up to $5,000. They have a streamlined application procedure, allowing borrowers to have funds transferred to their accounts as early as the next business day. They present the flexibility of choosing a payment schedule that fits with the financial preferences of the customers, although some state-based restrictions might apply. A notable feature of RISE Credit is its 5-Day Risk-Free Guarantee, which permits borrowers to revoke their loan and return the principal with zero fees or interest within the given period. Additionally, RISE Credit grants customers complimentary access to their credit score and credit monitoring alerts through Credit Score Plus, offering valuable financial insight.
OneMain Financial
OneMain Financial stands as a distinguished and enduring lender, offering personal loans that range between $1,500 to $20,000. Boasting a century’s worth of experience in the financial sector, they have garnered the trust of a vast customer base. Their loan terms include fixed rates and fixed payments, offering a predictable and manageable repayment scenario to borrowers. OneMain Financial emphasizes personalized service, ensuring that the distinct needs of each customer are addressed. With a widespread network of approximately 1,400 branches, they provide easy access and convenience for individuals in search of financial aid.
Universal Credit
Universal Credit requires applicants to have a minimum credit score of 560, thus excluding those with no credit history. It is appealing for its credit-enhancement features, making it suitable for individuals with fair or poor credit looking to better their scores. Providing larger loan amounts than Oportun and next-day funding upon approval, it emerges as a solid choice for significant, urgent financial needs. Universal Credit extends its loan services across all 50 states and Washington, D.C., offering a wide geographical coverage.
Editorial Opinion
Important
How to Choose a Lender
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Make sure to confirm whether the lender is licensed to operate in your state. You can verify this information with your state regulator or attorney general.
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Check if the lender is a member of a reputable association, such as the Community Financial Services Association of America. Membership in such organizations may provide an extra level of reliability.
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Carefully review all the terms and conditions of your payday loan contract.
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Thoroughly examine the interest rates on payday loans and ensure that your contract includes a detailed breakdown of the total cost of the loan.
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Take advantage of your right of rescission. Usually, you can rescind the loan within three days after signing the agreement. Alternatively, there is typically a "cooling-off" period, which allows you several days to thoroughly review the contract before making an informed decision to enter into a consumer loan agreement based on the terms specified by the lender.
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Choosing a payday lender is a significant decision that demands careful consideration and a good understanding of how such organizations operate.
Additional Resources
- Full NetCredit Account Review
- How to Apply for a NetCredit Loan
- How to Repay a NetCredit Loan
- NetCredit Reviews
- All NetCredit Coupons and Promo for April 2025
- NetCredit Loans of April 2025
