NetCredit personal loans review

Borrow up to $10,000 and build a positive credit history with NetCredit.

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

You can improve your credit by making your payments on time – NetCredit reports 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.
  • 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 Score Saver, which means an inquiry won’t affect your credit score.

If you’re approved, NetCredit will offer you loan based on what you can afford, your credit history, state requirements and your current financial situation. You can choose to accept the loan amount offered or borrow less, and if you don’t agree with the terms, you’re under no obligation to sign.

There are a number of ways for you to repay your loan, including electronic funds transfer, 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, but you should be aware that this reporting can also have a negative impact on your credit 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 as soon as 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 in order to lower your repayments or borrow more money, although 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.
  • Multiple states of operation. NetCredit offers its services to residents of 28 states. Check its website to see how much you can borrow and the other terms of a personal loan.

How do NetCredit personal loans compare?

Rates last updated October 18th, 2017
Name Product Minimum Credit Score Max. Loan Amount APR Product Description
NetCredit Personal Loan
From 34 - 155% (fixed)
Check eligibility in minutes and get a personalized quote without affecting your credit score.

Compare up to 4 providers

Rates last updated October 18th, 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
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
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.
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.
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.
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.
NetCredit Personal Loan
Check eligibility in minutes and get a personalized quote without affecting your credit score.
From 34 - 155% (fixed)
Varies depending on your state of residence.
LendingClub 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.

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, shown the interest and have a chance to review the terms, which will depend on your financial situation and credit score. Your loan offer document will outline all associated fees and costs so be sure to read them carefully before you agree.

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.

Our page on NetCredit’s safety will help you make the best decision

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

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

Eligibility criteria:

  • Be a US citizen
  • Be at least 18 years old (varies by state)
  • Have a steady source of income
  • Have an active, open bank account

Required information:

  • 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 is an option for you to consider. Make sure to compare your personal loan options before applying so you get the best loan for your needs.

Frequently asked questions

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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10 Responses

  1. Default Gravatar
    CarolynOctober 9, 2017

    What is the difference of Installment Loan and Personal Loan? I would be interested in Installment one.

    • Staff
      ArnoldOctober 11, 2017Staff

      Hi Carolyn,

      Thanks for your inquiry

      An installment loan is a loan that is repaid over time with a set number of scheduled payments; normally at least two payments are made towards the loan. The term of loan may be as little as a few months and as long as 30 years. A personal loan on the other hand is money borrowed over 1 to 3 years, and can be repaid in small instalments. A personal loan can be used to buy a car, travel overseas, or consolidate debt. MoneyMe offers online personal loans up to $10,000. The repayment terms are flexible and there are no early repayment fees.

      If you want to proceed with an installment loan, you may read our guide about it here.

      Hope this information helps


  2. 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.


  3. 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.


  4. 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.


  5. 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.