Is NetCredit legit or a scam? What you need to know |

Is NetCredit legit or a scam?

Find out if NetCredit is a legit online lender and if you can trust them with a personal loan.

Founded in 2012, NetCredit offers loans of up to $10,000 in 29 states. Learn what security protocols NetCredit has and what their reputation is as a lender of personal loans.

NetCredit Personal Loan

NetCredit Personal Loan Offer

You could borrow up to $10,000 and get an interest rate personalized to your credit score.

  • Recommended Credit Range: Fair or better
  • Min. Loan Amount: $1,000
  • Max. Loan Amount: $10,000
  • Loan Term: 6 months to 5 years (varies by state)
  • Turnaround Time: 1-3 business days
  • Total Costs: Depends on your credit score.
  • Unemployment protection
  • Confidential and secure online application

    Is NetCredit legit?

    Yes, NetCredit is a legitimate direct-to-consumer lender that’s offered flexible loan options since 2012. Available in 29 states states only, the specific loan terms and fees you’re eventually offered will vary by your state of residence.

    What makes NetCredit unique?

    If you’re in need of a large personal loan and your credit score is at least 550, you can consider the benefits of this online lender.

    • Shorter loan terms. Options start at six months and can last up to five years.
    • Unsecured loans. You won’t need collateral for a NetCredit loan.
    • Fast turnaround. You can be approved for your loan instantly, with funds deposited as soon as one business day.
    • No origination fee. You won’t pay an origination fee, no matter which state you live in.

    What to look out for

    • Potentially high APRs. NetCredit’s APRs range from 34% to a weighty 155%.
    • High late fees. If you miss a payment, you’ll face hefty fees that vary by state.
    • Limited state availablity. Loans are not available in Alaska, Colorado, Connecticut, Hawaii, Illinois, Iowa, Maine, Maryland, Massachusetts, Minnesota, Nevada, New Hampshire, New Jersey, New York, North Carolina, Oklahoma, Pennsylvania, Rhode Island, Tennessee, Vermont, West Virginia and Wyoming.
    • The fine print. Because loan policies and fees can vary widely by state, carefully read your contract and ask question about anything you don’t fully understand.

    Is applying for a personal loan with NetCredit safe?

    Yes. NetCredit is a legitimate lender that safeguards your information throughout the life of your loan.

    • A+ BBB rating. While not BBB accredited, NetCredit has an A+ BBB rating.
    • Not FDIC insured in all states. Some states offer loans through Republic Bank & Trust, an FDIC-insured bank. But loans from other states are made by members of the NetCredit family of companies, which may not be FDIC insured.
    • Site security. NetCredit uses Norton and McAfee to make sure the information inputted on its website is secure from hackers.

    What else do I need to know?

    Some NetCredit customers complain about outrageously high APRs and frustration over automatic bank account withdrawals — a combination that can dent your savings, especially if you have an inconsistent cash flow. Keep a thorough record of your bank account and loan payments to avoid negative balances.

    Bottom line

    NetCredit can be a fit for those who can’t qualify for loans with other lenders because of their credit score, but the loans can come with steep APRs. If you have bad credit, you may want to consider a bad credit personal loan to get the funds you need from a lender you qualify for.

    Frequently asked questions about NetCredit

    Was this content helpful to you? No  Yes

    Ask an Expert

    You are about to post a question on

    • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
    • is a financial comparison and information service, not a bank or product provider
    • We cannot provide you with personal advice or recommendations
    • Your answer might already be waiting – check previous questions below to see if yours has already been asked

    Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and Privacy Policy.

    4 Responses

    1. Default Gravatar
      SunshineNovember 16, 2017

      Why does NetCredit need my banking logon information? I am NOT comfortable with that

      • Staff
        RenchNovember 16, 2017Staff

        Hi Sunshine,

        Thanks for your inquiry. Please note that we are not affiliated with NetCredit or any company we feature on our site and so we can only offer you general advice.

        Lenders do not ask for bank login details directly. They’ll usually ask for your bank account number and routing number to confirm you have an operating account for payments. If they require access to your account activity, they’ll have you log in through a secure portal where the lender will have View access to your statements but not your username and password.

        I suggest contacting NetCredit directly for further inquiries about their requirements.

        Best regards,

    2. Default Gravatar
      DeeOctober 9, 2017

      Why does Net credit need a jpeg of my driver’s license?

      • Staff
        LiezlOctober 11, 2017Staff

        Hi Dee,

        They will need a copy of your driver’s license as a proof of your identity. You may refer to this page for the list of information you need to provide during application. If you have concerns about the privacy and security of your personal information, please contact Net Credit directly.

        I hope this has helped.

    US Personal Loans Offers

    Important Information*
    Even Financial Personal Loans

    Get connected to competitive loan offers instantly from top online consumer lenders.


    Borrow only what you need for debt consolidation, home improvements and more — with APRs based on overall creditworthiness.

    LendingClub Personal Loan

    A peer-to-peer lender offering fair rates based on your credit score.

    SoFi Personal Loan Fixed Rate (with Autopay)

    Borrow up to $100,000 with a competitive APR and no fees.

    Go to site