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.
NetCredit Personal Loans Review
Headquartered in Chicago, Illinois, NetCredit provides personal loans in 35 states. The company has been in business since 2012 and specializes in smaller loans to people with poor credit.
All NetCredit loans are offered by a member of the NetCredit family of companies or a lending partner bank (Republic Bank & Trust Company or Transportation Alliance Bank, d/b/a TAB Bank). NetCredit services all loans.
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 Highlights
LOAN AMOUNT
$1,000 - $10,000
LOAN REPAYMENT TERM
12-60 months
APR FIXED RATE
5.99% - 35.99%
FUNDING TIME
Same day or one business day days
ORIGINATION FEE
None
PREPAYMENT FEE
None
OTHER FEES
Yes
SOFT CREDIT PULL
Yes
LENDER TYPE
Marketplace
Pros & Cons
- Extremely transparent marketplace
- No fees to apply
- No minimum credit score needed
- Very high interest rates
- Low maximum loan amount
Personal Loans Types
- Unsecured Personal Loans
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
NetCredit Personal Loans Terms & Requirements
Applying to a NetCredit loan
Receiving a loan through NetCredit requires the borrower to complete an online application.
Step 1
Check eligibility
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
Privacy & Security
NetCredit has a Privacy Policy page on its website. However, it has not been updated since 2019.
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.”
Customer Support
NetCredit offers customer support via telephone and e-mail. When we called customer service, we were placed on hold for several minutes before speaking with a live representative.
Phone Support
(877) 392-2014
Mon-Fri
8am-8pm Central
Sat-Sun
9am-5:30pm Central
Email Support
support@netcredit.com
Social Media
In Conclusion
NetCredit is a personal loan provider that specializes in assisting people with marginal credit. 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.
FAQ
Applying with NetCredit does not affect your credit score.
No; NetCredit only conducts business in 35 U.S. states.
Most applicants are pre-approved for a personal loan within minutes, and funds can be released as soon as the same day.
NetCredit Disclaimer
Loan terms vary based on application details and qualifications. s
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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.
4.0
LS SCORE
4.0
CREDIBILITY
6.0
SUPPORT
10
ACCESSIBILITY
Opening Hours
Mon-Fri
8am-8pm Central
Sat-Sun
9am-5:30pm Central
Email Support
support@netcredit.com
Social Media
Live Chat
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