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NetCredit Personal Loan Review

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NetCredit loans at a glance

APR: 19.90% to 155.00% Loan Terms: 6 to 60 months Loan Amounts: $500 to $20,000 Origination Fee: Up to 5% if interest rate is 36% or less

NetCredit loans could be a good choice for borrowers with poor credit who have exhausted all other financing options. The lender considers more than a borrower’s credit when reviewing applications. However, NetCredit has high interest rates and a potentially high origination fee.

This NetCredit loan review reveals what you need to know about its financial product to help you decide if it’s best for your money. Here are the highlights to get started:

      • High APR: Between 19.90% and 155.00% APR
      • Loan amounts: $500 to $20,000, depending on your state
      • Terms: 6 to 60 months
      • Credit check: Soft Pull to check eligibility; hard pull to finalize your loan
      • Speedy funding: Once approved, borrowers could receive their funds as soon as the same day but likely the next business day
      • Refinancing possible: Eligible borrowers may be able to refinance their loan with NetCredit to reduce your monthly payment or borrow more
Pros and cons of NetCredit loans
Pros Cons
  • Ability to rebuild credit: Borrower payments are reported to the credit bureaus. Not all bad credit lenders offer this perk.
  • Flexible term lengths: NetCredit offers a wide range of terms, with options spanning of 6 to 60 months
  • Fast funds disbursement: Borrowers can get their money that day or the next business day.
  • Prepayment fee: None
  • High APR: Borrowers may pay a significantly higher APR than credit cards.
  • Low borrowing maximum: Many competitors offer far more than $20,000 or $20,000.
  • Not available nationally: Personal loans are only available in 36 states
  • Origination fee: Up to 5% if interest rate is 36% or less
  • Late payment fee: Up to $15 or 5% of the payment due

NetCredit loan requirements

  • Minimum credit score: 0
  • Minimum credit history: Not specified
  • Maximum debt-to-income ratio: Not specified

When evaluating personal loan applications, NetCredit considers more than just the prospective borrower’s credit score. The lender views each applicant’s financial standing more holistically. To be additional personal loan requirements, borrowers must:

  • Be age 18 or older (age 19 in Alabama and Delaware)
  • Have a personal checking account
  • Have an active email address
  • Have verifiable income
  • Reside in a state where NetCredit personal loans are available

Which borrowers are the best fit for a NetCredit personal loan

A NetCredit personal loan could be a good fit for borrowers with marginal credit history, who need fast cash, and who reside in a state where the financial product is available. A so-called bad credit loan from this lender could help them rebuild their credit as their payments will be reported to the credit bureaus.

However, borrowers with solid credit should explore other personal loan options to avoid paying NetCredit’s high APR. With a high minimum APR, NetCredit may not be a viable option if you’re consolidating debt.

Note: Through its partnership with Republic Bank & Trust Company, NetCredit also offers a personal line of credit, if you prefer a flexible borrowing amount that you could draw on at your discretion.

What borrowers are saying about NetCredit loans

NetCredit has an overwhelmingly positive reputation on LendingTree. Combined, more than 500 LendingTree borrowers have given the lender 4.6 out of 5 stars. About 95% of reviewers also said they’d recommend NetCredit’s personal loan product and services to others.

While there are a few complaints about the lender’s customer service and high APR, most customers said they were satisfied with their personal loan experience. Common praise includes:

  • Good communication from representatives
  • Easy lending process
  • Fast funds disbursement

Ashley from Saint Louis, Mo. said that NetCredit was, “Fast and responsive, gave [me] peace of mind when unforeseen circumstances arose.”

Teri from Mundelein, Ill. echoed those sentiments. She said, “The entire process was easy and convenient. To me, this is exactly how a system should be. Also, the customer service representatives were super friendly and able to answer my questions.”

Applying for a personal loan from NetCredit

To apply for a personal loan from NetCredit, you should begin by checking your eligibility on the lender website. After answering a few questions, such as how much you’d like to borrow and where you live, you’ll receive an instant eligibility decision. Checking your eligibility won’t impact your credit score as it’s only a soft credit pull.

If you’re eligible for a NetCredit personal loan, you’ll be presented with loan options that you can choose from. If you decide to move forward with the official loan application, you’ll have to sign a loan contract for the terms you choose.

Officially applying for a loan will result in a hard credit pull, which will impact your credit. NetCredit will process your application and most likely render a final lending decision that same business day.

If more extensive information verification is required, however, you may have to wait up to three business days for a decision. Approved loans may be disbursed on the same day or the following business day. If you change your mind about your loan, you may rescind the loan by 6 p.m. EST on the following business day after receiving your funds.

NetCredit reviews compared to competing lenders

Comparing NetCredit to competitors
NetCredit Upstart Upgrade Avant
APR: 19.90% to 155.00%

Loan length:
6 to 60 months

Loan amount: $500 to $20,000

Origination fee: Up to 5% if interest rate is 36% or less

Min. credit score: 0

APR: 6.50% to 35.99%

Loan length: 36 or 60 months

Loan amount: $1,000 to $50,000

Origination fee: 0.00% - 10.00%

Min. credit score: 300

APR: 7.96% to 35.97%

Loan length: 24 to 84 months

Loan amount: $1,000 to $50,000

Origination fee: 1.85% - 8.99%

Min. credit score: 580

APR: 9.95% to 35.95%

Loan length: 12 to 60 months

Loan amount: $2,000 to $35,000

Origination fee: Up to 4.75%

Min. credit score: 580


Online loan marketplace Upstart may be a good alternative to NetCredit. Borrowers who use Upstart may find APRs that are significantly lower. In fact, the lender claims that its customers are quoted rates that are 10% lower than what they’d receive elsewhere. Even if you can score a noticeably lower APR with Upstart, though, ensure you find the best overall loan.


Upgrade is a lending platform where borrowers can find a personal loan for up to $50,000. That’s far more than what NetCredit offers. Borrowers can also get their money quickly — usually by the next business day. The ability to prequalify also makes Upgrade worthy of consideration as you shop around and compare loans from multiple lenders.


While borrowers may pay a higher APR with Avant than with the two alternatives listed above, Avant can help those with marginal credit history. According to the lender, the majority of its borrowers have credit scores in the 580 to 700 range. Like NetCredit, Avant offers an easy online application process and rapid funds disbursement.


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