Lender
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

2.9
(25 Ratings)

Apply For NetCredit

Advertiser Disclosure

How to apply

Although loans from NetCredit are highly accessible, personal loan lenders can't originate their products without examining some documents and verifying a borrower's income, employment, identity, and address. Therefore, what you need to apply for a loan is your passport, Social Security card, Birth certificate, State or federal ID that can prove your identity; bank statements, employee pay stubs, 1099 or W-2 forms to prove your income; lease or mortgage agreement, utility bill, statement of benefits to prove your address.

Application details

Applicants typically find out whether they are approved or not within the same business day. However, in some cases, lenders can extend this term up to three business days and require more financial information from their clients. Applicants who submit their application before 7:00 am from Monday to Friday can receive their funds on the same business day.

Reasons for rejection

Even such a loyal lender as NetCredit can reject an application for a loan for a number of reasons. For example, if the loan principal is too large, if a borrower has extremely bad credit, if his credit report contains errors, or if his outstanding balance is high. Fulfill the application for NetCredit personal loans carefully, as missing information or lack of verification may become a reason for refusal too.

NetCredit only accepts applications sent via the internet. Through this, it performs an analysis of the financial situation of its candidates and makes the best loan decision for them. This process does not affect the borrower's credit history. The entire application process should only take a few minutes to complete.

How to apply for a NetCredit personal loan?

Here is what you can expect from applying for a loan online. First of all, you will set up an account and provide the lender with some basic information (soft credit inquiry does not affect credit). Secondly, you will create an account using your email and selecting a password. Remember that if your state is not eligible, the application process will stop there. If you qualify, NetCredit will provide you with several loan options to choose from. If you are not satisfied with them, you can click on the "Modify loan details" button to adjust your personal loan offer. After that, you will have an opportunity to choose the loan and repayment terms that fit you best.

After signing the contract, you can wait for the final approval of the loan. Once you have approved, you will be requested to put your signature on a contract. Then NetCredit will conduct a final credit check and fund you a loan. To get detailed instructions regarding the application process, visit the "Personal Account" section of the article.

Financial products
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

2.552
(21 Ratings)
Recommended FinScore™
0
300
650
1000
1000.00 – 10000.00 $
Rate
i

Effective interest rate on the product

to 155.00 %
Term
i

Loan term for the financial product

6 months – 60 months
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Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
100.00 – 20000.00 $
Rate
i

Effective interest rate on the product

from 0.05 %
Term
i

Loan term for the financial product

5 days – 3 months
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Personal Loans
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
2000.00 – 100000.00 $
Rate
i

Effective interest rate on the product

6.34 – 35.89 %
Term
i

Loan term for the financial product

2 months – 72 months
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
100.00 – 4000.00 $
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

4.25
(20 Ratings)
Recommended FinScore™
0
300
650
1000
to 1500.00 $
Rate
i

Effective interest rate on the product

to 160.00 %
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All NetCredit’s reviews by june 2024
Leave feedback
4.8
Advantages
My initial loan experience was seamless, featuring efficient processes and excellent customer service. I was genuinely pleased and taken aback by this company's professionalism.
Complain
2.2
Disadvantages
I was initially approved for a $1,650 line of credit with NetCredit. As part of the verification process, I submitted my two latest paystubs and bank statements as requested. Surprisingly, I received an email claiming they were "unable to verify income". Despite re-applying thrice and providing even more documentation, I continually received the same message. Furthermore, I got no response even after emailing them. Despite my employer using ADP, a leading payroll management company, they still couldn't verify my income. I'm beginning to question whether they are either inept at their lending processes or just gathering personal data. Moreover, this procedure resulted in a hard inquiry on my credit. I'll be contesting this and cautioning others to think twice before considering NetCredit, given my experience of not receiving the promised funds.
Complain
1.4
Disadvantages
I've had a challenging experience with this company. Firstly, I've been grappling with a fraud case for three years, having provided them with information from the CFPB, a police report, and bank statements. Secondly, I've spent hours trying to reach a manager, only to be told I'll be contacted within "48 hours". Yet, I always find myself initiating the follow-up, re-explaining my situation each time. Their main concern seems to be money, not customer assistance. Lastly, I'd advise caution when dealing with this company based on my experience; it feels they prioritize their interests over professional service or trustworthiness.
Complain
1.8
Disadvantages
This was my second attempt with this company. I only requested $500, but they approved me for $2,500 and directed me to view the contract at the bottom of the page. To my surprise, the process reset when I tried. After reaching out to them, they declined my application without a clear reason. I've documented this with screenshots. I won't be trying with them again.
Complain
1.8
Disadvantages
Be cautious with this option. On a $1650 loan, I incurred $555 in fees within just 3 months. If you're only making the minimum payments, which are not insubstantial at $150+, the fees are nearly half the payment amount. It can be financially detrimental in the long term.
Complain
4.4
Advantages
NetCredit has been fantastic to work with. I hope to refinance and obtain another loan through them in the future. They genuinely make every client feel valued. Many thanks!
Complain
2
Disadvantages
Beware of their exorbitant rates and fees. Despite having repaid almost the full amount borrowed, my remaining balance is still 2-3 times the initial amount. It feels like a predatory lending practice.
Complain
1.4
Disadvantages
I received pre-qualification for a loan on NetCredit and subsequently applied and got accepted. However, shortly after setting up my line of credit, it was unexpectedly closed, and I was informed that I had been denied.
Complain
2.4
Disadvantages
I decided to cancel my application before its completion due to some inconsistencies I observed. Their customer service line was peculiar; it gave limited options and often led to long hold times. The representatives I spoke with seemed unprofessional or perhaps not genuine. I proceeded with providing some of the requested information, but when they called back and asked for my full social security number, I opted to discontinue the process. Additionally, the application presented bi-weekly payment options when I had initially chosen monthly. The overall terms and conditions seemed excessive and added to my reservations.
Complain
2.2
Disadvantages
Be cautious. They assured me that checking eligibility wouldn't impact my credit. However, after providing all my details, they did a hard credit pull and subsequently declined my application. It's concerning when there's a discrepancy between what's promised and the actual actions taken. If they weren't going to approve, why perform a hard pull after stating otherwise?

Complain
Overall company rating
2.9
/ 5
25 reviews
Execution of an application
3.0
Support service
2.8
Mobile app
3.0
Service quality
3.0
Your satisfaction level
2.9
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