NetCredit Personal Loan Review
loans are often for emergencies, getting your money fast is important. You’ll get a decision on whether you qualify for a loan within minutes; if you sign the loan agreement, you may receive funds the next day.
pros and cons
Quite simply, offers small, accessible loans at a high cost.
Pros
- Available to some bad-credit borrowers
- Fast funding timeline after approval
- Payments can help build credit
Cons
- High potential APR
- Required documents to apply may vary
- Not available in some states
loans should only be considered a last resort if you can’t find a lower rate elsewhere. While the accessibility and fast funding are helpful if you run into a financial emergency, you may have to pay very high interest rates. ’s rates are lower than many payday lenders, but borrowers with better credit histories can find better personal loan rates elsewhere. Depending on your loan terms, you could wind up paying more in interest than the principal value of the loan.
requirements
doesn’t disclose many specific loan requirements, though the lender states that “your eligibility will be determined by looking at your unique financial picture — not just your credit score.” Your funding amount and interest rates will be affected by your creditworthiness and where you live.
You’ll need to meet the following requirements to get a personal loan with :
| Minimum credit score | |
| Residency | You must live in one of the 36 U.S. states where NetCredit offers personal loans. |
If ’s loan options won’t work for your borrowing needs, shop around for a lender that helps you meet your financial goals and can offer you the best-fitting rates, terms and amounts.
How to get a personal loan with
allows you to prequalify for a loan to receive conditional terms with a soft credit inquiry. It also sends out prequalified offers through the mail with a code. After applying, quickly reviews your information to determine whether you’re eligible.
Once offers you loan terms, you can choose whether to accept the loan. This involves a hard credit inquiry, a process that causes a small, temporary drop in your credit score. If you do accept the loan, you’ll likely receive your final decision the same business day and typically receive your money the next day. You’ll need to include some documentation as part of this process, especially for income verification, though the particular documents vary by borrower.
If you’re having a hard time getting approved for a personal loan, follow these steps to improve your chances.
How compares to other personal loan companies
Even if you believe aligns with what you’re looking for in a personal loan, it never hurts to shop around and compare other lenders. Here’s how it stacks up against similar personal loan lenders.
How we rated
We evaluate personal loan lenders on more than just interest rates. Our goal is to show how accessible, affordable, transparent and supportive each lender really is.
Our categories
Every lender is scored out of 5 stars, with 5 stars being the highest rating. LendingTree loan experts determine this score using dozens of underlying data points across four weighted categories covering the full borrowing journey.
We assess how easy it is for people to qualify and apply. This includes state availability, soft-credit prequalification, membership requirements, funding speed and whether borrowers with less-than-excellent credit can get a loan.
We evaluate how affordable the loans are based on minimum and maximum APRs, loan fees and rate discounts. Lenders with unclear or potentially predatory costs receive lower scores.
We consider repayment term flexibility, loan amount ranges and whether options like secured loans, joint loans or direct-to-creditor payments are offered — plus whether the lender clearly communicates these options.
We evaluate borrower experience after funding: customer service access, hardship or forbearance programs, payment flexibility and digital tools like mobile apps or credit monitoring.
Our process
We gather data directly from lenders through their websites, disclosures and direct communication with company representatives. Our editorial team verifies and updates information regularly. We value transparency and award less favorable scores when lenders obscure or omit details.
In some cases, our editors may apply a small adjustment (no more than 4% of the overall score) to account for factors not captured by the methodology. This could include J.D. Power customer satisfaction surveys, recent regulatory actions or features that stand out in ways our rubric doesn’t measure directly.
Our editorial team applies the same scoring model and standards to every lender. Lenders cannot pay to influence our ratings.
Frequently asked questions
In addition to personal loans, NetCredit offers lines of credit for individuals. A line of credit allows you to tap into funds whenever you need to borrow, and you won’t have to pay interest unless you take money out. NetCredit’s maximum line of credit is $4,500.
No, you won’t have to pay an additional fee if you pay off your full loan balance early.
Residents in most states can apply for a NetCredit loan. NetCredit is not available to borrowers in Colorado, Connecticut, D.C., Iowa, Maine, Maryland, Massachusetts, Nevada, New Hampshire, New York, North Carolina, Pennsylvania, Vermont, Washington and West Virginia.
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