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NetCredit personal loans review

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Borrow up to $10,000 and improve your credit score with this lender.

finder.com’s rating: 3.4 / 5.0


You may not have the best credit, but that doesn’t mean you won’t be able to find a loan that fits your needs. An application with NetCredit won’t impact your score, and if approved, you may be able to receive your funds as soon as the next business day.


Max. Loan Amount

34% to 155% (Varies by state)


No minimum

Min. Credit Score


Product NameNetCredit Personal Loans
Min. Loan Amount$1,000
Max. Loan Amount$10,000
APR34% to 155% (Varies by state)
Interest Rate TypeFixed
Min. Credit ScoreNo minimum
Minimum Loan Term0.5 years
Maximum Loan Term5 years
Turnaround Time1 to 3 business days
Go to NetCredit's website

First, do I qualify?

In order to qualify for a loan with NetCredit, you need to:

  • Be a US citizen or permanent resident
  • Be at least 18 years old

Where is NetCredit available?

  • Alabama
  • California
  • Delaware
  • Georgia
  • Idaho
  • Illinois
  • Louisiana
  • Missouri
  • New Mexico
  • North Dakota
  • South Carolina
  • South Dakota
  • Utah
  • Virginia
  • Wisconsin

What is NetCredit?

NetCredit is an online lender based in Chicago that provides small, unsecured personal loans with short terms, usually ranging from 6 months to 5 years (varies by state). When you submit an application, NetCredit looks at your overall financial picture and makes its decision based off a number of factors. However, because it works with borrowers who may not have the best credit, you should expect to pay higher interest rates than you would with a more traditional lender.

How does borrowing from NetCredit work?

Borrowing from NetCredit works entirely online. You can first check your rate, which won’t affect your credit, and NetCredit may offer you a loan based on your income, credit history, state and current financial situation.

You can choose to accept the loan amount offered or borrow less. NetCredit processes your application quickly, and if you’re approved, you may be able to get your loan funds as soon as the next business day. If you change your mind about borrowing, NetCredit has a My Choice Guarantee that allows you to return your loan within one to two business days.

NetCredit line of credit

NetCredit unveiled a personal line of credit product in May 2019. It’s currently offered to residents of Alabama, Delaware, Idaho, North Dakota, Utah and Wisconsin with plans to expand to other states.

Credit limits range from $1,100 to $3,500. When you apply you may be offered a line of credit, personal loan or both.

How do NetCredit personal loans compare?

Updated November 16th, 2019
Name Product Filter Values APR Min. Credit Score Max. Loan Amount
5.95% to 35.99%
Fair to excellent credit
Get personalized rates in minutes and then choose a loan offer from several top online lenders.
3.84% to 35.99%
Good to excellent credit
Get loan offers from multiple lenders at once without affecting your credit score.
6.98% to 35.89%
Affordable loans with two simple repayment terms and no prepayment penalties.
3.84% to 35.99%
Get connected to competitive loan offers instantly from top online consumer lenders.
34% to 155% (Varies by state)
No minimum
Check eligibility in minutes and get a personalized quote without affecting your credit score.
3.99% to 35.99%
Quickly compare multiple online lenders with competitive rates depending on your credit.
6.49% to 17.99%
With over 80 years of lending experience, this credit union offers personal loans for a variety of expenses.
6.95% to 35.89%
A peer-to-peer lender offering fair rates based on your credit score.
5.99% to 17.88%
No fees. Multiple member perks such as community events and career coaching.

Compare up to 4 providers

What do customers say about NetCredit?

Customers are mostly pleased with their NetCredit experience, as of November 2019 — though there are some negative reviews. It gets an A+ rating from the Better Business Bureau (BBB) based on factors like time in business and advertising. Around 25 customers gave it an average of just over 1 out of 5 stars, however. It does much better on Trustpilot, scoring a 4.3 out of 5 based on nearly 1,650 reviews.

The fast turnaround time and easy approval were the two man reasons customers were happy with their experiences. However, several complained about inconsistent due dates and high rates — to be expected with a lender that accepts poor credit applicants.

NetCredit’s ratings have improved as more customers write reviews. On TrustPilot, it shot up from the equivalent of a 3.25 out of 5 over a year ago. Its BBB rating also improved from an A- to an A+ — though that rating is not based on customer reviews.

What are the benefits of a NetCredit personal loan?

When you take out a loan with NetCredit, you can expect some of these positive features:

  • No minimum credit score requirement. You don’t need to have the best credit to apply for a personal loan from NetCredit.
  • No origination fee. NetCredit doesn’t charge a fee when you borrow.
  • Choose how you repay. You’re able to choose how you repay your loan, giving you more month-to-month flexibility than many other loan options.
  • No prepayment penalties. You can save on that high interest rate by repaying your loan before it’s due or making extra payments.
  • Fast turnaround time. NetCredit processes your application quickly, and if you’re approved, you may be able to get your loan funds as soon as the next business day.

What to watch out for

  • High interest rates. Most personal loan interest rates stop at 36%, but NetCredit interest can go all the way up to 155%.
  • Small loan amounts. NetCredit isn’t much use for financing a wedding or another large expense over $10,000. If you need a large personal loan, there are other loan options for people with bad credit.
  • Limited state availability. NetCredit is only available to residents of 15 states. Make sure you live in an eligible state before applying.
  • Mixed online reviews. Multiple reviewers complained that NetCredit took out double repayments or otherwise withdrew money without informing them.
  • Poor customer service. Representatives themselves are said to be friendly, but we had trouble getting in touch.

How much does a loan from NetCredit cost?

The total cost of a loan from NetCredit depends on your state of residence, your financial situation, your credit score and how much you want to borrow. For instance, a person borrowing a $1,000 loan at a 155% interest rate for 48 months will have to pay thousands of dollars more in interest than a person borrowing a the same amount at a 36% interest rate for 12 moths.

You can use our personal loan calculator to find out how much your NetCredit loan might cost you.

Where can I find my exact loan cost?

If you’re approved, your loan amount and total interest payments will be shown to you before you sign the final contract. All potential fees and additional charges should be listed out. Examine these carefully, and don’t forget to look at the any variable fees.

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

Is NetCredit legit?

Yes, NetCredit is a legit lender and has a standard privacy policy in place to keep your information safe. It uses Norton and McAfee to make sure the information inputted on its website is secure from hackers. However, like many short-term providers, these loans aren’t FDIC insured.

Government action against NetCredit

The Virginia Predatory Lending Unit filed a lawsuit against NetCredit in May 2018 over its high interest rates. The lawsuit claims that NetCredit charged Virginia residents rates between 34% and 155%, in violation of the state’s 12% interest rate cap. The attorney general claimed that NetCredit took advantage of a loophole that allowed it to lend to Virginia residents through Utah but didn’t have what it called a “reasonable relationship to Utah.”

It also claimed that the company illegally collected money from borrowers who had filed for bankruptcy. The case is currently still in the courts.

Am I eligible?

Whether you’re eligible for a NetCredit loan depends on your financial situation. You need to provide some basic personal information to find out if you’re eligible.

Eligibility criteria:

  • Have a steady source of income
  • Have an open checking account
  • Be a US citizen or permanent resident
  • Be at least 18 years old (19 in Alabama)

Required information:

  • Proof of income (pay stubs, SSI benefits, etc.)
  • Proof of identity (Social Security number, driver’s license, etc.)
  • Proof of residence (paid bills, old mail, etc.)

How to apply

  1. Click Go to Site on this page. Fill in your desired loan amount and loan purpose before clicking Check your Eligibility. This step won’t affect your credit score.
  2. Create a NetCredit account by filling in your name and email. Next fill in your personal information such as your phone number and address and click Continue to Step 2.
  3. Provide NetCredit with your employment information, date of birth, and Social Security Number.
  4. Carefully read and agree to NetCredit’s consents and consumer notifications before clicking Continue to Step 3.
  5. See what you qualify for in Step 3 and choose your desired terms.
  6. Sign your loan contract in Step 4 and receive your funds as soon as the next business day, if approved.

Step-by-step application with screenshots

Go to NetCredit's site

I got a loan from NetCredit. Now what?

To save time and effort, NetCredit recommends that borrowers enroll in electronic fund transfer, which you can set up to withdraw funds from your account when a payment is due.

NetCredit offers several other repayment options, including:

  • Paper check
  • Debit cards
  • Money orders
  • MoneyGram
  • Western Union

NetCredit doesn’t charge a prepayment penalty so you can end your loan at any time without any extra costs. If you have any questions about repaying your loan, reach out to customer service as soon as possible.

Can NetCredit improve mu credit?

Yes. Your payments will be reported to TransUnion and Experian. This gives you a chance to build your credit as you pay back your loan. But it can hurt your credit if you miss a repayment.

Bottom line

If you’re looking for a larger personal loan with flexible repayment features that can help you rebuild your credit, NetCredit is an option for you to consider. However, NetCredit does have higher interest rates than other personal loan providers out there, including some of its top competitors. Make sure to compare your personal loan options before applying so you get the best loan for your needs.

Frequently asked questions

  • You can log in to your NetCredit account by following these steps:

    1. Go to the NetCredit website.
    2. Clic Sign In in the top navigation bar.
    3. Enter your email and password, then check “I’m not a robot.” Hit Sign In.

    If you don’t remember your password, follow the first two steps and select Forgot password? Then enter your email address and click Reset My Password. You should receive an email with a link allowing you to change your password and further instructions.

Personal loan ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze top personal loan providers and rate them one to five stars based on factors that are most important to you. These factors include: rates and fees, customer reviews, loan amounts, loan processing and borrower experience.

Read the full methodology of how we rate personal loan providers.

Image source: netcredit.com

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  1. Default Gravatar
    February 20, 2019

    I need a consolidation loan my credit has plunged since trying to get one I have the means to payback the loan but not all my previous loans everything would improve if I could pay them off. Can I get this loan with a score under 500

    • AvatarStaff
      February 21, 2019

      Hi Allen,

      Thank you for reaching out to Finder.

      NetCredit credit score requirement is a minimum of 550. Same with loan providers that offer loan consolidation on our loan consolidation page. You may however reach out to the lenders featured on this page to see your options on taking out a loan to pay off your previous loan amounts. Just enter your state and credit range to see your options. Kindly review and compare your options on the table displaying the available providers. Once you have chosen a particular provider, you may then click on the “Go to site” button and you will be redirected to the provider’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. Hope this helps!


  2. Default Gravatar
    July 3, 2018

    Do you give personal loans to someone with a 486 credit score

    • Default Gravatar
      July 4, 2018

      Hi Lori,

      Thanks for leaving a question on finder.

      As long as you are 18+ years old, a legal resident of the US and can provide your SSN, you can apply for a loan and get approved with NetCredit.

      To apply, click on this page.
      – Fill in your desired loan amount and loan purpose before clicking Check your Eligibility. This step will no affect your credit score.
      – Begin by creating you NetCredit account by filling in your name and email. Next fill in your personal information such as your phone number and address and click Continue to Step 2.
      – Provide NetCredit with your employment information, birthdate, and Social Security Number.
      – Carefully read and agree to NetCredit’s consents and consumer notifications before clicking Continue to Step 3.
      – See what you qualify for in Step 3 and choose your desired terms.
      – Sign your loan contract in Step 4 and receive funds as soon as the next business day, if approved.

      If you would still like to compare with other lenders, please click HERE.


  3. Default Gravatar
    February 1, 2018

    How long after initial loan do you have to wait to refinance?

    • AvatarStaff
      February 19, 2018

      Hi Mike,

      Thank you for visiting finder, we are a financial comparison website and general information service.

      There is no waiting period needed for net credit. NetCredit offers two refinance options that will be made available to eligible current customers. If eligible, customers may pick one of the following refinance options:

      1. “Lower My Payment”
      This refinance option offers customers the ability to reduce their contractual payment amounts by refinancing their existing loan balance into a brand new loan with a new contract and repayment schedule. Customers eligible for this option may be able to lower their payment by at least 15%!

      Eligible customers in the following states may be able to Lower Their Payment: Alabama, California, Delaware, Idaho, Missouri, New Mexico, North Dakota, South Dakota, Utah, and Virginia.

      2. “Borrow More Money”
      Customers who borrow less than their full approved amount or who have paid off a significant portion of their current loan may be eligible to top off their current loan amount with an additional disbursement amount. The existing loan balance along with the new disbursement will be refinanced into a brand new loan with a new contact and repayment schedule.

      Eligible customers in the following states may be able to Borrow More Money: Alabama, California, Delaware, Idaho, Missouri, New Mexico, North Dakota, South Dakota, Utah, and Virginia.

      You may reach out to NetCredit directly for you to check if you are eligible for refinancing.


  4. Default Gravatar
    October 9, 2017

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

    • Default Gravatar
      October 11, 2017

      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


  5. Default Gravatar
    July 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?

    • AvatarStaff
      July 20, 2017

      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.


  6. Default Gravatar
    July 18, 2017

    Does NetCredit provide loans in New York state?

    • AvatarStaff
      July 18, 2017

      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.


  7. Default Gravatar
    July 12, 2017

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

    • AvatarStaff
      July 13, 2017

      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.


  8. Default Gravatar
    June 14, 2017

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

    • AvatarStaff
      June 15, 2017

      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.


Go to site