Repayment of loan
It is necessary to understand the total amount of the loan to create the appropriate repayment plan. Unlike many other lenders, this financial organization does not charge application fees, insufficient funds, or prepayment penalties. But before taking NetCredit loans out, borrowers should know that they can be charged a late payment fee ($10 - $15 depending on the state) and an origination fee which forms part of the APR, also varies by state and reaches up to 5% in some cases. Such a fee covers the cost of the application process and all associated costs. Also, the origination fee is not included in the total proceeds of the existing loan.
For the comfort of its customers, NetCredit offers different payment options, such as debit cards, prepaid cards, paper checks, money orders, one-time EFT, MoneyGram, and Western Union. Also, during the application process, the lender's new customers get the opportunity to select AutoPay (Electronic fund transfer (EFT)) as their preferred option and never miss a monthly payment.
Conditions of loan extension
NetCredit loan borrowers in certain states (Alabama, California, Delaware, Georgia, Idaho, Illinois, Louisiana, Missouri, New Mexico, North Dakota, South Carolina, South Dakota, Utah, and Wisconsin) have an option to make more money by refinancing the existing loan in a fast and easy way. If eligible to borrow more funds, select the amount of money necessary and click through to the contract. After the approval, additional funds will be deposited into the borrower's bank account in a matter of days.
Early payoff
Early payoff of a personal loan can make credit cheaper and help to save money on interest. Settling a loan before the established term is not prohibited, and the finance company does not charge any prepayment penalties.
