NetCredit is one of the few online lenders that offers installment loans that can improve your credit score for people with bad credit, since it reports payments. If you have a credit score below 580 and are struggling to find approval, NetCredit could be a viable option. But with interest rates and fees as high as 155% APR and limited state availability, another lender might be a better option.
Our lending experts reviewed over 250 personal loan and payday lenders before selecting these six loans like NetCredit. And we recently updated this page with more lower-cost options for bad credit borrowers. Consider these alternatives before you apply to make sure you get the best deal.
Our 5 top picks for loans like NetCredit
Alternative for a close match to NetCredit
OppLoans Installment Loans
4.7 / 5
★★★★★
OppLoans is the most similar provider to NetCredit on this list. It's a short-term lender that offers installment loans as low as $500 with no minimum credit score. And it can help improve your credit score by reporting on-time repayments to the three major credit bureaus. But its minimum and maximum interest rates run higher than NetCredit. And while it works in a few more states than NetCredit, OppLoans isn't available everywhere.
- Not available in: Colorado, Connecticut, Georgia, Iowa, Maryland, Massachusetts, New York, South Dakota, Vermont, West Virginia
Pros
- No minimum credit score
- Loans start at $500
- Reports three major credit bureaus
Cons
- Higher APRs than NetCredit
- Must have a bank account at least 90 days old
- Must be paid with direct deposit to qualify
| Loan amount | $500 - $4,000 |
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| Interest rate type | Fixed |
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| Loan Term | 9 to 18 months |
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| Turnaround time | As soon as the same business day. |
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| Loan amount | $500 - $4,000 |
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| Turnaround time | As soon as the same business day. |
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| Online application | Yes |
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Alternative for bad credit but otherwise strong finances
Integra Credit installment loans
Integra Credit specializes in financing for bad credit borrowers, similar to NetCredit. Its installment loans range from $500 to $3,000 with between 6 and 24 months to repay the funds. These are more costly than NetCredit's personal loans, with rates ranging from 99% to 299%. And while the short loan terms and lack of prepayment penalties can help you save on the high interest rate, it also means your monthly payment might be higher than it would be with NetCredit. Integra only serves a handful of states, so check to make sure it's available where you live before you apply.
- Only available in: Alabama, California, Delaware, Idaho, Missouri, New Mexico, South Carolina, Utah, Wisconsin
Pros
- Accepts bad credit
- No prepayment penalties
- Fully online application
Cons
- Higher APRs than NetCredit
- Only available in a few states
- No terms over 24
| Loan amount | $500 - $3,000 |
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| Interest rate type | Fixed |
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| Loan Term | 6 months to 2 years |
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Alternative for self-employed borrowers
Avant is a personal loan provider with slightly higher credit requirements than the other lenders on this list. But if you make its 580 credit score minimum, you could qualify for relatively low rates with a turnaround as fast as one business day. It's one of a handful of lenders that accepts self-employed income and available in 46 states. But with rates starting at 9.95% APR, you still might find a better deal elsewhere if you have fair credit. It also recently settled a lawsuit from the FTC over the way it processed repayments.
- Not available in: Colorado, Hawaii, Iowa, Nevada, New York, Vermont, West Virginia
Personal loans from $2,000–$35,000. If approved, the actual loan amount, term, and APR that a customer qualifies for may vary based on credit determination and other factors. Avant branded credit products are issued by WebBank, member FDIC.
Pros
- Accepts self-employed income
- Minimum credit score of 580
- Maximum APR just slightly higher than NetCredit's minimum
Cons
- Higher starting rates than other personal loan providers
- Recent FTC complaint
| Loan amount | $2,000 to $35,000 |
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| APR | 9.95% to 35.99% |
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| Interest Rate Type | Fixed |
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| Min. credit score | 580 |
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| Turnaround Time | As soon as the next business day |
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| Maximum Loan Term | 5 years |
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| Minimum Loan Term | 1 year |
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| APR | 9.95% to 35.99% |
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| Min. credit score | 580 |
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| Loan amount | $2,000 to $35,000 |
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Alternative for repeat borrowers
Brigit is a financial wellness app that offers small cash advances on your next paycheck, in addition to a number of other services to build your credit and help you save. You can request advances as need or sign up to have Brigit automatically advance you funds when it looks like you're about to overdraft your account — saving you a $35 overdraft fee. There's no cost to borrow, but you'll need to sign up for a monthly membership to qualify for an advance. The $8.99 monthly price tag means that it may not be worth it unless you regularly need a small amount of cash to cover expenses between paychecks. You can also only borrow up to $250 per pay period, so skip this option if you need more funds.
Pros
- No cost to borrow
- Overdraft protection
- Helps you save and build credit
Cons
- Monthly membership fee
- No advances over $250
| Loan amount | $50 - $250 |
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| Interest rate type | Fixed |
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| Loan Term | Varies |
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| Turnaround time | 1 to 3 business days or instantly with a fee |
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| Loan amount | $50 - $250 |
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| Turnaround time | 1 to 3 business days or instantly with a fee |
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Alternative for secured loans
OneMain Financial personal loans
3.4 / 5
★★★★★
This lender specializes in personal loans for bad credit borrowers. It's one of the few that offers secured loans to help lower your rate. It also accepts joint applicants, which can help you qualify for a better deal. But its rates start higher than most personal loan providers and you may have an origination fee as high as 10%. It's also the only provider on this list that isn't fully online. You have to visit a branch to sign your loan documents.
- Not available in: Alaska, Arkansas, Connecticut, Massachusetts, Rhode Island, Vermont
* OneMain Disclosures:
Not all applicants will be approved. Loan approval and actual loan terms depend on your ability to meet our credit standards (including a responsible credit history, sufficient income after monthly expenses, and availability of collateral). If approved, not all applicants will qualify for larger loan amounts or most favorable loan terms. Larger loan amounts require a first lien on a motor vehicle no more than ten years old, that meets our value requirements, titled in your name with valid insurance. Loan approval and actual loan terms depend on your state of residence and your ability to meet our credit standards (including a responsible credit history, sufficient income after monthly expenses, and availability of collateral). APRs are generally higher on loans not secured by a vehicle. Highly-qualified applicants may be offered higher loan amounts and/or lower APRs than those shown above. OneMain charges origination fees where allowed by law. Depending on the state where you open your loan, the origination fee may be either a flat amount or a percentage of your loan amount. Flat fee amounts vary by state, ranging from $25 to $500. Percentage-based fees vary by state ranging from 1% to 10% of your loan amount subject to certain state limits on the fee amount. Visit omf.com/loanfees for more information. Loan proceeds cannot be used for postsecondary educational expenses as defined by the CFPB’s Regulation Z such as college, university or vocational expense; for any business or commercial purpose; to purchase cryptocurrency assets, securities, derivatives or other speculative investments; or for gambling or illegal purposes.
Borrowers in these states are subject to these minimum loan sizes: Alabama: $2,100. California: $3,000. Georgia: Unless you are a present customer, $3,100 minimum loan amount. North Dakota: $2,000. Ohio: $2,000. Virginia: $2,600.
Borrowers (other than present customers) in these states are subject to these maximum unsecured loan sizes: North Carolina: $7,500. An unsecured loan is a loan which does not require you to provide collateral (such as a motor vehicle) to the lender.
Example Loan: A $6,000 loan with a 24.99% APR that is repayable in 60 monthly installments would have monthly payments of $176.07.
Time to Fund Loans: Funding within one hour after closing through SpeedFunds must be disbursed to a bank-issued debit card. Disbursement by check or ACH may take up to 1-2 business days after loan closing.
Pros
- No minimum credit score
- Secured and unsecured loans
- No APRs above 35.99%
Cons
- APRs start at 18%
- Origination fees as high as 10%
- Requires branch visit
| Loan amount | $1,500 to $20,000 |
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| APR | 18% to 35.99% |
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| Interest Rate Type | Fixed |
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| Min. credit score | Not specified |
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| Turnaround Time | As soon as the same business day |
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| Maximum Loan Term | 5 years |
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| Minimum Loan Term | 2 years |
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| APR | 18% to 35.99% |
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| Min. credit score | Not specified |
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| Loan amount | $1,500 to $20,000 |
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Compare more personal loans for bad credit
Didn’t find what you need? Quickly compare more personal loans available in your state and credit score range.
How does NetCredit compare?
NetCredit is more suited for borrowers with less-than-perfect credit, like many of the alternatives we mentioned. However, you may be able to get better rates elsewhere — or at the very least, it’s worth a shot to check your rates with other providers. NetCredit’s APR offerings range from 34% all the way up to 155%, though they do vary by state.
You can read our review of NetCredit to see if it’s a better choice for you than the alternatives.
Pros
- Quick turnaround time with flexible repayments
- Fair credit OK
- No early repayment fees
Cons
- Low maximum loan amount
- Only available in 14 states
- High late fees could apply
