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NetCredit Personal Loan Review

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NetCredit is an online personal loan lender that may be a good choice for borrowers with less-than-stellar credit. It considers more than a borrower’s credit when reviewing applications. However, that means NetCredit has high rates and a potentially high origination fee.

This NetCredit personal loan review reveals what you need to know about its financial product to help you decide if it’s best for your money. Click below to get started.

NetCredit personal loan highlights

  • High APR: Depending on their financial standing, borrowers will pay between 34.00% to 155.00% APR.
  • Not available in most states: Personal loans are only available in 15 states (Alabama, Arizona, California, Delaware, Georgia, Idaho, Illinois, Missouri, New Mexico, North Dakota, South Carolina, South Dakota, Utah, Virginia, and Wisconsin).
  • Fast 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. This could result in a reduced monthly payment or being able to borrow more.

NetCredit at a glance

  • APR range: 34.00% to 155.00%
  • Minimum credit score: Not specified
  • Terms: 6 to 60 months
  • Origination fee: Up to 5% if interest rate is 36% or less

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Terms Fees and penalties
  • Terms: 6 to 60 months
  • APR: 34.00%–155.00%
  • Loan amounts: $1,000–$10,000 ($10,500 in Arizona)
  • Time to funding: Same day possible; usually 1 business day
  • Credit check: Soft Pull to check eligibility; Hard pull to finalize your loan
  • Origination fee: Up to 5% if interest rate is 36% or less
  • Prepayment fee: None
  • Late payment fee: Up to $15 or 5% of the payment due
  • Other fees: Not specified

Eligibility requirements

  • Minimum credit score: Not specified
  • 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 a good candidate for a loan, 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

What borrowers are saying about NetCredit

NetCredit has an overwhelmingly positive reputation on the LendingTree. Combined, more than 460 LendingTree borrowers have given the lender 4.7 out of 5 stars. Ninety-six percent 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

In order to get 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 why 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.

Pros Cons
  • Flexible term lengths: NetCredit offers a wide range of terms, with shorter terms than you’ll find with most other lenders.
  • Ability to rebuild credit: Borrower payments are reported to the credit bureaus. Not all bad credit lenders offer this perk.
  • Fast funds disbursement: Borrowers can get their money that day or the next business day.
  • High APR: Borrowers may pay a significantly higher APR than credit cards.
  • Low borrowing maximum: Many competitors offer far more than $10,000.
  • Not available in most states: Borrowers in 35 out of 50 states cannot access this loan.

Who’s 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 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.

Alternative personal loan options


  • APR: 8.27% to 35.99%
  • Minimum credit score: 620
  • Terms: 36 or 60 months
  • Origination fee: Up to 8.00%

Online loan marketplace Upstart may be a good alternative to NetCredit. Borrowers who use Upstart may find APRs that are significantly lower. As with NetCredit, borrowers are evaluated on more than their credit score. Their education and experience are factored in the lending decision.


  • APR: 6.94% to 35.97%
  • Minimum credit score: 620
  • Terms: 36 or 60 months
  • Origination fee: 2.90% - 8.00%

Upgrade is a lending platform where borrowers can find a personal loan for up to $35,000. That’s far more than what NetCredit offers. Borrowers can also get their money quickly — usually by the next business day. However, term lengths are inflexible compared to NetCredit: You’ll have to choose between a 36 or 60 month term.


  • APR: 9.95% to 35.99%
  • Minimum credit score: 580
  • Terms: 24 to 60 months
  • Origination fee: Up to 4.75%

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 600 to 700 range. Like NetCredit, Avant offers an easy online application process and rapid funds disbursement.


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