NetCredit personal loans review

How much will this loan cost me?

NetCredit personal loans come with APRs that range from 19.9% to 155% — though they vary by state. There are no fees to apply, but NetCredit typically charges a late fee of $15 if you’re more than 10 days late on a repayment.

You can borrow between $1,000 and $10,500 and repay it over 6 months to 5 years — though this also depends on where you live. Use the calculator below to find out how much a NetCredit personal loan might cost you.

How it works

NetCredit offers different ranges of loan amounts, terms and rates depending on which state you live in. The most common loan runs from $1,000 to $10,500 with a 19.9% to 155% APR. But in some states, that can start as high as 36% — and cap out as low as 36.6%.

First, am I eligible?

To qualify for a loan with NetCredit, you need to meet a few basic requirements:

• You must be over the age of 18.
• Be legal resident(s) of the United States.
• Have a social security number.

What information do I need to apply?

Before you start the application, have the following documents on hand:

• Proof of income
• Proof of identity
• Proof of residence

Pros and cons

NetCredit can be helpful if you struggle to qualify for a loan elsewhere. But with such high rates, you could find better options elsewhere.

See other personal loan options

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Name	Product	Filter Values	APR	Min. Credit Score	Loan Amount
Best Egg personal loans			7.99% to 35.99%	640	$2,000 to $50,000	A prime online lending platform with multiple repayment methods.	Go to site More Info	Compare	loading Fetching your data…
Credible personal loans			3.99% to 35.99%	Fair to excellent credit	$600 to $100,000	Get personalized rates in minutes and then choose an offer from a selection of top online lenders.	Go to site More Info	Compare	loading Fetching your data…
Upstart personal loans			5.6% to 35.99%	300	$1,000 to $50,000	This service looks beyond your credit score to get you a competitive-rate personal loan.	Go to site More Info	Compare	loading Fetching your data…
SoFi personal loans			7.99% to 23.43%	680	$5,000 to $100,000	A highly-rated lender with competitive rates, high loan amounts and no fees.	Go to site More Info	Compare	loading Fetching your data…
LendingClub personal loans			6.34% to 35.89%	600	$1,000 to $40,000	A peer-to-peer lender offering fair rates based on your credit score.	Go to site More Info	Compare	loading Fetching your data…

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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 you submit on its website is secure from hackers.

But its rates are high enough to fall into a legal gray area for many states — most cap personal loan rates at 36%.

NetCredit reviews and complaints

Fast turnaround time and easy approval are the two main reasons customers are happy with their experiences. However, several complain of inconsistent due dates and high rates — to be expected with a lender that accepts applicants of all credit types.

How do I apply?

For loans over $10,000, you’ll need to call 877-392-2014 and talk to a NetCredit representative. To apply online, follow these steps:

1. Go to the NetCredit website and click Check your eligibility.
2. Fill in your desired loan amount and loan purpose before clicking Let’s get started.
3. Enter your ZIP code, date of birth and address and click Continue. This step won’t affect your credit score.
4. Create a NetCredit account by filling in your name and email. Then select Continue.
5. Provide NetCredit with your employment info, date of birth and Social Security number.
6. Carefully read and agree to NetCredit’s consents and consumer notifications before clicking Continue to step 3.

What happens after I apply?

NetCredit will let you know how much you qualify for in Step 3. From there, you can choose your desired term. If approved, you can sign your loan contract. NetCredit will finalize your loan, and funds may be available in your account as soon as the next business day.

How do repayments work with NetCredit?

To save time and effort, NetCredit recommends that borrowers enroll in electronic funds 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 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 or a negative hit to your credit score.

If you’re on the fence with NetCredit, check out some of its top competitors. Or compare your other options with our guide to personal loans.

Frequently asked questions

Does NetCredit report to the major credit bureaus?

Yes. NetCredit reports repayments to TransUnion and Experian. This can help improve your credit score if you make on-time repayments. But if you’re late or default, it will lower your score.

Will my credit score be affected by applying?

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 will cause a small temporary impact to your credit score.

Are there any hidden fees?

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