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NetCredit Reviews


bestfor-icon Good for poor credit and fast funding

Written by Bob Phillips

About NetCredit | Read More


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Mon-Fri 8am-8pm
Sat-Sun 9am-5:30pm
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  • support@netcredit.com
  • (877) 392-2014
  • Headquarters: 175 W. Jackson Blvd., Suite 1000 Chicago, IL 60604
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NetCredit Personal Loans Review

NetCredit’s main selling point is that they provide and service loans for people with poor credit and help them build a better credit score by reporting on-time payments to credit bureaus.

NetCredit Personal Loans Highlight


APR. Fixed Rate


Loan Amount

12-60 Months

Repayment terms


Soft Credit Pull


Lender Type


Other Fees


Origination Fee


Prepayment Fee

24 hours

Funding Time

Pros & Cons

  • con-icon Extremely transparent marketplace
  • con-icon No fees to apply
  • con-icon No minimum credit score needed
  • con-icon Very high interest rates
  • con-icon Low maximum loan amount

Loan Purpose

  • Business Loans
  • Car
  • Credit Card Refinance
  • Debt Consolidation
  • Home Improvement
  • Major Purchase
  • Medical Expenses
  • Household Expenses
  • Mortgage
  • Relocation
  • Student Loan Refinance
  • Car Bike Loans
  • Vacation
  • Wedding
  • Other

Loan Type

  • Unsecured Personal Loans

NetCredit Personal Loans Terms & Requirements

NetCredit’s lenders offer loans from $1,000 to $10,000 and repayment terms from 12 – 60 months. Their personal loans can be used for any purpose the borrower chooses. NetCredit’s interest rates are very unfavorable compared to other personal loan companies, and the credit requirements to qualify for a loan are more liberal than most other companies.

No matter what type of personal loan lender you are considering going with, there will be some terms and requirements you should be aware of before going any further. Arming yourself with this knowledge is going to be vital as you try to figure out if NetCredit is worth your time. Here are some of the main terms and requirements you can expect from NetCredit:

Loan Requirements

NetCredit does not offer personal loans to people in every state. You will need to check the list of 35+ states in which you can get a NetCredit personal loan. Credit scores aren’t the be all and end-all with NetCredit. It will take a wide look at your finances rather than just basing its decisions on your eligibility on your credit score.

There are also some basic eligibility requirements that you also need to meet. For most states, you will need to be at least 18 years old and have a valid personal checking account. You also need to have a verifiable source of income and an active email address. Borrowers also need to have a Social Security number.

Loan Terms

NetCredit offers loans sized between $1,000 and $10,000. There will be no application, non-sufficient funds, or prepayment fees in place. There will be certain states in which you will have to pay a fee if you miss payments or make a late payment. There are also certain states in which you will need to pay an origination fee that will get deducted from the sum that you borrow.

Repayment Terms

You will be paying back the personal loan at a fixed rate of interest. NetCredit mainly focuses on people who have relatively poor credit scores, with this being reflected in the interest rates that are charged. You will be looking at fixed rates of interest of 19.9%-155% with NetCredit. The exact rate depends on your specific financial situation.

You will be able to adjust the term length to something that is most suitable to your personal financial situation, with most loans having a term length of up to 60 months.

Applying to a NetCredit loan

Receiving a loan through NetCredit requires the borrower to complete an online application.

NetCredit allows you to pre-qualify for a loan after spending just two minutes filling out some basic information, such as how much you wish to borrow. There will be no hard credit check imposed at this point. NetCredit does not just base its decision on your credit score, it uses advanced algorithms to get a more expansive look at your current financial situation.

Once you have entered the relevant information, you will be presented with an offer. If you are happy with the terms and size of the offer, then you can proceed with the official application. A hard credit check will then be conducted at this stage and you will usually need to provide a variety of relevant documents.

One of NetCredit’s big commitments is making sure that borrowers get quick access to funds. Therefore, if your application has been approved, you should get access to the money the following business day or even sooner.

After providing this information, you must provide your Social Security number and income information. You will then be informed if you qualify for a personal loan.

Qualification Requirements

  • Minimum age: 18
  • U.S. citizen or permanent resident
  • Have a valid Social Security number
  • Have a regular income
  • Have an open bank account for funding purposes

Required Information

NetCredit requires you to provide the standard personal information and the loan amount requested by other personal loan companies.

Application Steps & Time Frames

  • Complete the information form: 5 minutes
  • Wait for a decision: typically, several minutes or less
  • Funding is released on the same day if approved before 7 am Central or one business day if later in the day

State Availability

- Available in all states

Written by Bob Phillips linkedin-icon twitter-icon

Having spent over fifteen years helping people plan their lives financially, Bob has a vast amount of knowledge concerning personal finance. During his career, Bob mastered many different financial products to help people achieve their financial goals, including life insurance, disability insurance, mutual funds, and stocks and bonds. He earned the Chartered Life Underwriter (CLU) designation and held numerous securities licenses. Bob is an internationally published poet and is now a freelance writer living in North Texas with his wife and Doberman puppy.



How does requesting a short-term loan through NetCredit affect my credit score?

Applying with NetCredit does not affect your credit score.

Can I get a loan if I live outside the United States?

No; NetCredit only conducts business in 35 U.S. states.

How fast will my loan be approved?

Most applicants are pre-approved for a personal loan within minutes, and funds can be released as soon as the same day.

Customer Support

There is a solid level of customer support at NetCredit. You even get access to a whole section dedicated to educating borrowers. There are tons of great financial resources for you to take a look at and improve your knowledge about personal loans and other areas of personal finance.

If you wish to contact the support team, there is a phone number you can ring, or you can send an email or fax. The lines are open every day of the week but look at the opening hours.

Privacy & Security

NetCredit ensures that any personal information that is shared is kept fully protected through bank-level security. NetCredit also will not share any of your information if you haven’t given them the approval to do so.

It has a TrustedSite certification, showcasing NetCredit’s commitment to digital security and deploying 128-bit encryption on the transfer of all data. While NetCredit does not currently have a Better Business Bureau rating, the reviews on Trustpilot are very good and encouraging for anyone who is thinking about working with NetCredit.

Their security statement is non-committal:

“We use industry standard physical, technical, and administrative security measures and safeguards to protect the confidentiality and security of your personal information. However, since the Internet is not a 100% secure environment, we cannot guarantee, ensure, or warrant the security of any information you transmit to us. There is no guarantee that information may not be accessed, disclosed, altered, or destroyed by breach of any of our physical, technical, or managerial safeguards. It is your responsibility to protect the security of your login information. Please note that e-mails and other communications you send to us through our Site are not encrypted.”

In Conclusion

NetCredit is a good fit for people who might be struggling to get a personal loan elsewhere due to their poor credit score. While the interest rates can be high, it is a good option if you struggle to get the funds from other avenues. Their interest rates are significantly higher than the competition’s (the rate they use in their online example is 65%). They are not rated or accredited by the Better Business Bureau (BBB), and their online reviews are mostly unfavorable.

Brand Disclaimer

Loan terms vary based on application details and qualifications. 

Loan Example: A $10,000 loan with a 5-year term at 13% Annual Percentage Rate (APR) would be repayable in 60 monthly installments of $228 each. The actual payment amount and year-end balance will vary based on the APR, loan amount, and term selected. In this case the total amount expected to pay by the borrower will be $13,680