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8 loans like NetCredit

Explore these NetCredit alternative lenders in Canada offering bad credit loans.

NetCredit is a US-based, online lender offering personal loans and lines of credit designed to help bad credit borrowers improve their credit score. It helps people who are having trouble getting approval elsewhere by offering loans between $1,000 and $10,000.

We’ve rounded up a list of loan providers in Canada that offer similar services to what NetCredit offers in the US – like bad credit loans, personal loans, installment loans, lines of credit and more.

Is NetCredit in Canada?

No, NetCredit is not available in Canada. The company has its headquarters in Chicago, Illinois, in the US, and requires customers to have a valid American address in order to apply.

Our 8 top picks for loans like NetCredit

Explore these 8 NetCredit alternatives available in Canada.

  • Alternative for fast pay advance: Nyble
  • Alternative for fee-free pay advance app: Bree
  • Alternative for overdraft protection: KOHO
  • Alternative for bad credit personal loans: Loans Canada
  • Alternative for installment loans: LoansLoans.ca
  • Alternative for fast payday loans: iCash
  • Alternative for emergency loans: GoDay
  • Alternative for in-store payday lender: Cash Money

Alternative for fast pay advances: Nyble

Nyble Credit Line
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Nyble Credit Line

$30 – $150
Loan amount
Starting at 0%
APR
30 days, extendable
Term
Apply online for an interest-free line of credit of up to $150 to cover small expenses and build your credit. Get funds in 1-3 business days with a free account. For $11.99 per month, get access to premium services, including funding in 1-30 minutes, a free Equifax credit report and identity theft protection.
  • No credit check required
  • No application fee
  • No late payment fee
  • More affordable than payday loans
  • $11.99 per month for fast transfers, full credit report and other premium perks
  • Small loan amounts only
Loan amount $30 – $150
APR Starting at 0%
Term 30 days, extendable
Fees No interest or fees to access credit line, optional $11.99/month membership to get premium services such as instant funding
Turnaround time 1-30 minutes with a paid membership or 1-3 business days with a free membership.

Alternative for fee-free pay advance: Bree

Bree Early Pay
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Bree Early Pay

$20 – $250
Loan amount
Starting at 0%
APR
Next pay cycle (61 days max.)
Term
Bree is another pay advance app that lets you borrow up to $250 to help you cover expenses until your next payday. Like SoLo Funds, Bree won't charge any interest, but there is a small fee if you need funding within a few hours.
  • Easy application process
  • No credit checks
  • 0% interest and no late fees
  • Loan amount may not be enough for your needs
  • Monthly fee for Bree's budgeting tool
  • Fee for fast transfers
  • May not improve your credit, unlike Nyble
Loan amount $20 – $250
APR Starting at 0%
Term Next pay cycle (61 days max.)
Fees No interest or fees to access cash advance, fee for express funding (varies based on advance)
Turnaround time Within 8 hours for the express option (fee charged based on advance amount) and up to 3 business days for standard delivery

Alternative for overdraft protection: Koho

KOHO Cover
Not yet rated
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$20 – $250
Loan amount
Starting at 0%
APR
Flexible
Term
Get a zero-interest cash advance ranging from $20 to $250 when you pay a subscription fee starting at $2/month. You'll need a KOHO account to access this service.
  • No late fees
  • 0% interest
  • No impact on credit score
  • Free financial coaching service
  • KOHO savings account required
Loan amount $20 – $250
APR Starting at 0%
Term Flexible
Fees subscription fee starting at $2/month
Turnaround time Immediately
Serviced provinces All provinces and territories

Alternative for bad credit personal loans: Loans Canada

Loans Canada Personal Loan
Finder Score:
★★★★★
Customer Survey:
★★★★★
Go to site
$300 – $50,000
Loan amount
6.99% – 46.96%
APR
3 - 60 months
Term
Loans Canada is a free loan broker platform that connects borrowers with a variety of loans, including personal loans for all types of borrowers, even those with fair or bad credit scores. Simply fill out an application and get matched with a list of lenders that are open to financing you.
  • Easy online application
  • Quick funding
  • High loan amounts of up to $50,000
  • Bad credit, CERB and EI borrowers considered
  • Interest rates can reach as high as
  • Your vehicle could be repossessed if you default on the loan
Loan amount $300 – $50,000
APR 6.99% – 46.96%
Term 3 - 60 months
Min. credit score 300
Fees No application, origination or brokerage fees
Origination fee 0
Turnaround time Receive funds within as little as 24 hours.
Serviced provinces All of Canada

Alternative for installment loans: LoansLoans.ca

LoansLoans.ca Installment Loan
Finder Score:
★★★★★
Go to site
$500 – $1,000
Loan amount
28% – 32%
APR
3 months
Term
LoansLoans.ca offers fast short-term installment loans, but with no credit check. NCR Financial, the company that operates LoansLoans.ca, has been in business for over 15 years and is registered in Quebec.
  • Apply online and get approval within one hour
  • Interest rates can reach as high as 32%
  • Services: All of Canada (except Manitoba)
  • Small loan amounts between $500 and $1,000
  • The broker fee can be as high as $300
Loan amount $500 – $1,000
APR 28% – 32%
Term 3 months
Min. credit score 300
Fees Late payment fee (2.66% per month), $45 NSF fee, broker fee
Origination fee $300
Turnaround time Receive funds in less than 24 hours
Serviced provinces All of Canada (except Manitoba)
⚠️ Warning: Be cautious with payday loans
High-cost payday loans are unsustainable for borrowing over a continued period of time and are expensive as a means of longer-term borrowing. View payday costs and regulations by province here. If you're experiencing financial hardship call Credit Counselling Canada for free financial counselling (Monday-Friday 8:00am-5:00pm at +1 866-398-5999). You may also want to consider payday loan alternatives.

Alternative for fast payday loans: iCash

iCash Payday Loan

$100 – $1,500
Loan amount
7 – 62 days
Loan Term
2 minutes
Min. Turnaround Time
iCASH provides quick funding and accepts non-employment income. You can get e-Transfer funding in as little as 2 minutes after approval. iCASH is also a payday loan provider, so watch out for high fees.
  • 4.6/5 stars based on over 2,400 Trustpilot reviews
  • Get money within an hour
  • Get funded 24/7
  • Payday loans are expensive
  • Short repayment terms
  • Only available in AB, BC, MB, NB, NS, ON, PEI
Loan amount $100 – $1,500
APR Varies by province
Term 7 - 62 days
Min. Turnaround time As little as 2 minutes with INTERAC e-Transfer®
How to apply Online
In Store
Credit Check Yes

Alternative for emergency loans: GoDay

GoDay Payday Loan

$100 – $1,500
Loan amount
1 – 62 days
Loan Term
2 minutes
Min. Turnaround Time
GoDay offers payday loans you can apply for and get approved for within minutes. Once approved, loan funds can be transferred within minutes. GoDay offers payday loans, which means you can borrow up to $1,500 at relatively high interest rates.
  • 4.5/5 stars based on over 2,700 Trustpilot reviews
  • Get loan funds via e-transfer
  • Apply and get funding 24/7
  • Very expensive APR
  • Can easily trap customers in a cycle of debt
  • Only available in AB, BC, MB, NB, NS, ON, PEI, SK
Loan amount $100 – $1,500
APR Varies by province
Term Up to 62 days
Min. Turnaround time As little as 2 minutes with INTERAC e-Transfer®
How to apply Online
In Store
Credit Check Yes

Alternative for in-store payday lenders: Cash Money

Cash Money Payday Loan

$100 – $1,500
Loan amount
5 – 40 days
Loan Term
15 minutes
Min. Turnaround Time
Through its payday loans, Cash Money offers quick access to cash advances either online or from over 100 locations across Canada. Get instant approval and funding in as little as 15 minutes when you apply with Cash Money.
  • Instant decisions
  • Fast access to funds
  • Established lender with A+ Better Business Bureau rating
  • Not available in all provinces
  • High cost of borrowing
Loan amount $100 – $1,500
APR Varies by province
Term 5 - 40 days
Min. Turnaround time As little as 15 minutes with INTERAC e-Transfer®
How to apply Online
In Store
Credit Check Yes
Maximum borrowing costs of payday loans per province
Always refer to your contract for exact repayment amounts and costs.
Province Max. cost of borrowing a $100 payday loan Cooling off period to cancel loan Max. penalty for returned cheque or pre-authorized debit
Alberta $15 2 business days $25
British Columbia $15 2 business days $20
Manitoba $17 48 hours excluding Sundays and holidays $20
New Brunswick $15 48 hours excluding Sundays and holidays $20
Newfoundland and Labrador $14 2 business days $20
Nova Scotia $15 Next business day (2 days for online loans) $40 (default penalty)
Ontario $15 2 business days $25
Prince Edward Island $15 2 business days N/A
Quebec Limit of 35% AIR N/A N/A
Saskatchewan $17 Next business day $25

How does NetCredit compare?

NetCredit is suited for US residents with less-than-perfect credit, like many of the Canadian alternatives we mentioned. However, NetCredit loans can be very expensive, with APRs typically ranging from 34% all the way up to 99% depending on the state.

Pros

  • Quick turnaround time with flexible repayments
  • Fair credit accepted
  • No early repayment fees

Cons

  • Low maximum loan amount
  • Only available in just over 30 states
  • High late fees could apply

How to decide which NetCredit alternative is right for you

Because NetCredit isn’t available in Canada, it’s important to decide which Canadian alternative is right for you.

Firstly, you’ll need to decide what type of loan to apply for based on how much money you need. If you only need a small amount to get you through to payday, consider a 0% interest pay advance from an app like Nyble or Bree.

If you need to borrow a larger amount and you have bad credit, consider a bad credit installment loan from lenders like LoansLoans.ca. Another option would be applying for a bad credit personal loan through a broker like Loans Canada.

It’s usually best to only use a payday loan as a last resort because it’s one of the most expensive loan options on the market and can easily trap borrowers in a cycle of debt. If you’ve exhausted other options, consider reputable payday loan providers like GoDay and iCASH, which offer fast turnaround times and online applications for up to $1,500.

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