NetCredit personal loans review

Build a positive credit history and borrow up to $10,000 with NetCredit.

If you’re in need of a large personal loan and your credit history is less than perfect, you can consider applying with NetCredit. You will find out if you’re eligible without the initial application affecting your credit, and if you’re approved you can receive your loan the following business day.

You can also improve your credit by making your payments on time – NetCredit reports payments to two major credit bureaus. Find out more of the benefits of a NetCredit personal loan below.

Product NameNetCredit Personal Loan
Min Loan Amount$1,000
Max. Loan Amount$10,000
Min APR From 34 - 155%
RequirementsVaries depending on your state of residence.


  • Fast turnaround time
  • Flexible repayments for this loan
  • No application, early payment or late fees


  • Maximum loan amount depends upon state limit.
  • Loan may not available in all states.
  • Late fees may apply
  • You must be over the age of 18.
  • Be legal resident(s) of the United States.
  • Have a social security number.

How does borrowing from NetCredit work?

The process starts with you checking your eligibility by submitting an online form. NetCredit uses its My ScoreSaver, which means this inquiry won’t affect your credit score.

If you’re approved, you will be offered a loan amount based on what you can afford, your credit history, state requirements and your financial situation. You can choose to accept the loan amount offered or borrow less.

This process is completed quickly, and you can expect to receive your approved loan amount by the next business day.

You repay your loan via electronic funds transfer (a recurring payment option), or you can make your payment with a paper check, debit card, credit card, money order, MoneyGram or Western Union. Your positive payment history will be reported to two major credit reporting agencies, helping you to build your score.

Be aware that this reporting can also have a negative impact on your credit score if you make a late payment or miss one entirely. It’s important to have a budget and an ability to repay any loan amount before you borrow.

What are the benefits of a NetCredit personal loan?

NetCredit offers a number of valuable features, including:

  • Fast turnaround time. You’ll know if you’re approved almost instantly and offered a loan amount soon after. You can expect to receive your loan the next business day.
  • Choice of repayments. You’re able to choose how you repay your loan, either through electronic funds transfer, where your bank account will be automatically debited on the payment dates, or via some of the methods discussed above.
  • Build your credit history. NetCredit reports your payment activity to TransUnion and Experian, helping you to build a positive credit history.
  • Early repayment and refinancing. Choose to pay your loan off in full ahead of time, make an additional payment or bring a payment forward, all without penalty. You’re also able to refinance by lowering your repayments or by borrowing more money, but this depends on your state of residence.
  • Manage your loan online. Update your personal, employment and contact details and check your loan payments through your online account.
  • Unsecured. You won’t be required to use any of your assets to guarantee the loan.

How do NetCredit personal loans compare?

Rates last updated August 22nd, 2017
Name Product Minimum Credit Score Max. Loan Amount APR Product Description
NetCredit Personal Loan
From 34 - 155% (variable)
You could borrow up to $10,000 and get an interest rate personalized to your credit score

Compare up to 4 providers

Rates last updated August 22nd, 2017

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Unfortunately, none of the personal loan providers offer loans for that credit score. If you are in urgent need of a small loan, you might want to consider a short term loan.
Name Product Product Description Min. Credit Score Max. Loan Amount APR Requirements
Prosper Personal Loan
Borrow only what you need for debt consolidation, home improvements, special occasions and more — with APRs based on your credit score.
From 5.99% (fixed)
Must be 18+ years old, an American citizen or US permanent resident and have a 640+ credit score.
Lending Club Personal Loan
Borrow up to $40,000 with rates from 5.99% to 35.89% APR based on your credit score.
From 5.99% (fixed)
You must be over 18 years of age, a permanent resident of the US or an American citizen and have a steady source of income.
SoFi Personal Loan Fixed Rate (with Autopay)
Borrow up to $100,000 with a competitive APR and no fees.
Good to excellent credit
From 5.49% (fixed)
You must be a U.S. citizen or permanent resident, and 18 years or older.
Check your rate — without affecting your credit score — before applying for this unsecured personal loan.
From 9.95% (fixed)
You must have good to excellent credit, provide proof of a steady income and be a US resident who is at least 18 years old (19 years old in Alabama).
Payoff Personal Loans
Pay down your debt with a fixed APR and one monthly payment.
From 8 to 25% (fixed)
You must have a FICO score of 660 or higher, at least 3 years of credit history and a debt-to-income ratio of no more than 50%. You must live in a state where Payoff offers loans; check availability.
LendingPoint Personal Loans
Get a personal loan with reasonable rates even if you have a fair credit score in the 600s.
From 15.49% (fixed)
Must have a fair credit score of 600 or better and verifiable income. Must live in a state where LendingPoint services.
Laurel Road Personal Loans
Get a personal loan with no application or origination fees and a rate discount for autopay.
From 5.5% (fixed)
Must be a US citizen or permanent resident with a valid I-551 card
OneMain Financial Personal Loans
Get a personal or auto loan with a quick and easy application and dedicated customer support.
From 12.99% (fixed)
Eligibility for a loan is determined by your financial history, credit history, income and expenses, and whether or not you have ever filed for bankruptcy.
Even Financial Personal Loans
Get matched to the best loan offer instantly from top online consumer lenders.
From 4.99% (fixed)
Must have a minimum credit score of 580+. Must be 18+ years old and be an American citizen or permanent resident.

Compare up to 4 providers

How much does a NetCredit loan cost?

After you apply and are approved for your NetCredit loan, you will be offered a loan amount, terms and interest rate, usually between 34% to 155% depending on your state of residence. These will depend on your financial situation and credit score. You will be able to review all associated fees and costs before you agree to the loan.

Always be sure you’re able to repay a loan before signing a contract. If you miss a payment or are late, it could incur more fees and have a negative impact on your credit score.

Is it safe to borrow from NetCredit?

Yes. NetCredit has a strict privacy policy in place in order to keep your personal information safe. NetCredit is also a member of the Online Lenders Alliance (OLA), and abides by a code of conduct and list of best practices to make sure customers receive fair treatment and remain fully informed.

More information about the Online Lenders Alliance (OLA)

Here’s how to find out if you’re eligible

Finding out if you’re eligible for a NetCredit loan involves filling out a quick online form, which won’t affect your credit score.

NetCredit will evaluate your eligibility based on your financial situation. You’ll need to provide the following information to find out if you’re eligible.

Eligibility criteria:

  • US citizenship
  • At least 18 years old
  • A steady source of income
  • An active, open bank account

During the application process, you may also be asked to provide the following documentation:

  • Proof of income (paystubs, SSI benefits, etc.)
  • Proof of identity (Social Security number, driver’s license, etc.)

Bottom Line

If you’re looking for a larger personal loan with flexible repayment features that can help you rebuild your credit, Net Credit’s loan is one to consider. Make sure to compare your personal loan options before applying so you get the best loan for your needs.

Frequently asked questions

Yes. If you’re trying to build your credit rating, getting a loan through NetCredit is a great way to start. However, if you’re not sure you’ll be able to make the payments, it’s best not to take out a loan as it can negatively impact your credit score.

Not initially. Checking your eligibility starts with only a soft inquiry that will not affect your credit. After a loan offer is extended, NetCredit conducts a hard inquiry which cause a small temporary impact to your credit score.

No, the ClearCost for Me program ensures there will be no additional fees.

If you know you won’t be able to make a scheduled payment, contact NetCredit and try to find a solution. Missed or late payments add up and could result in their Collections Department contacting you.
Yes. You can sign in to the NetCredit website to view your upcoming payments, outstanding balance and your loan terms.

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8 Responses

  1. Default Gravatar
    PeggyJuly 20, 2017

    Because of large family member medical expenses, my credit rating is below 500. Is it possible to get a secured personal loan ($7500.) using my federal employees retirement funds as collateral?

    • Staff
      HaroldJuly 20, 2017Staff

      Hi Peggy,

      Thank you for your inquiry.

      With NetCredit personal loans you can have up to maximum loan amount of $10,000. You may be eligible as long as oyu can meet the following criteria.
      - U.S. citizenship
      - At least 18 years of age
      - A steady source of income
      - An active, open bank account

      On the other hand, if you are looking for a lenders that offers secured loan. You may want to check the options here.

      I hope this information has helped.


  2. Default Gravatar
    JohnJuly 18, 2017

    Does NetCredit provide loans in New York state?

    • Staff
      HaroldJuly 18, 2017Staff

      Hi John,

      Thank you for your inquiry.

      Should you need an option for personal loan in New York. You may want to consider the list of lenders here.

      I hope this information has helped.


  3. Default Gravatar
    DominicJuly 12, 2017

    whats the monthly pay back on 1500.00 for 12 months? state is deleware.

    • Staff
      AnndyJuly 13, 2017Staff

      Hi Dominic,

      Thanks for your question.

      For Delaware, the available loan amounts are between $1,000 and $10,000 with a loan term ranging from 6 to 60 months.

      You may want to directly contact the lender to get a quote for your particular situation.


  4. Default Gravatar
    ThaboJune 14, 2017

    I use greendot for direct deposit would this work to obtain a loan

    • Staff
      MayJune 15, 2017Staff

      Hi Thabo,

      Thanks for your question.

      If you meet the criteria and are approved for a loan with NetCredit, they will deposit your personal loan to your bank account. If you have a direct deposit account, please inform them of your account number. To apply for a loan with NetCredit, please click on the ‘Go to site’ button above, but be sure to review the criteria before submitting your application.