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NetCredit Personal Loan Review July 2024

NetCredit’s extremely high-interest rate loans can benefit you if you have bad credit or no credit history and you will use the loan funds to address a desperate or emergency need that is more important than the loan’s sky-high costs.
Jane MeggittJul 1, 2024
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Get rid of your debt faster with debt relief

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Editor’s Note
Advertising Disclosures

At, we strive to help you make financial decisions with confidence. While many of the products reviewed are from our Service Providers, including those with which we are affiliated and those that compensate us, our evaluations are never influenced by them.

Best for last-resort loan

NetCredit logo
Overall rating:
3.8 rating
Go to the provider’s site
Fixed APR34% - 155%
Loan Amounts$1,000 - $10,000
Repayment6 to 60 months
FeesNo application, prepayment, or insufficient funds fees. In some states, an origination fee is taken out of the loan.
Time to fund1 to 3 business days
Min. Credit ScoreNone
Thumb up
  • Fast funding
  • Small loans
  • Low credit score and no credit score loans
Thumb down
  • High interest rates
  • Not available in every state
  • No co-signers, including spouses

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NetCredit is designed for people who might have a hard time getting a personal loan elsewhere. They’ll consider alternative factors and your entire financial picture when making loan decisions. 

Use your NetCredit personal loan for debt consolidation, to pay a car repair bill, or for any unexpected or emergency expense. You can customize the loan to fit your needs. Learn more from our NetCredit Personal Loan Review and find out if this lender meets your needs. 

NetCredit personal loan top features

Fast funding: In some cases, borrowers may receive funds on the same day as approval if they submit their application before 7 AM CT Monday through Friday. Otherwise, funds are usually disbursed within one to three business days. 

Flexible repayment terms: Choose payment terms from six to 60 months. Borrowers have the option to change the terms during the course of the loan. This option is not available in every state.

Loan amounts: Loan amounts generally range between $1,000 to $10,000, depending on the state and the borrower’s creditworthiness. 

Build a credit score: NetCredit reports to the major credit bureaus. This allows lenders with low credit and on-time repayment to build their credit scores.

No application or prepayment fees

Where NetCredit can improve

High APRs: APRs in some states reach 155%, which is very high. Check your state’s APR in NetCredit’s Rates and Terms section. 

Fees on some loans: In some states, borrowers will pay an origination fee. This one-time, nonrefundable fee is deducted from the loan. Some borrowers will also be charged fees for late or missed payment. 

NetCredit loan application features

NetCredit ‘s technology offers several options for checking eligibility and finding the best personal loan for your needs. Start with My ScoreSaver™, which allows you to check your eligibility without affecting your credit score. Your eligibility is determined immediately and you are then presented with an individualized personal loan offer.

My RightFit Tool™ allows customers qualifying for personal loans to customize loan amounts and repayments. NetCredit promises customers that, once they sign the contract, they will know exactly how charges, interest, and fees work. Consumers always benefit from lender transparency. 

Qualifying for a NetCredit loan

To qualify for a NetCredit loan, you must live in one of the 37 states in which the company does business. 

Other eligibility factors to qualify for a NetCredit loan:

  • Age: At least 18 years, 19 in Alabama and Delaware, or 21 in Mississippi
  • Valid personal checking account
  • Active email address
  • Verifiable source of income  

Checking your eligibility for a NetCredit personal loan results in a soft inquiry that doesn't affect your credit score. 

How to apply for a NetCredit loan

The NetCredit loan process takes place entirely online. The process takes just minutes.

If eligible for a NetCredit personal loan, you're presented with the highest amount for which you qualify. Choose the loan amount that's best for you. 

Loan amounts vary according to state. For example, in Florida, the maximum loan amount is $5,000. 

Loan approval and loan funding from NetCredit

Loan funding usually takes place within one business day after the agreement is signed. In some cases, applicants may receive their funding on the same day. Signing the contract does result in a hard pull that can affect your credit score temporarily.

Once you receive the funds, you must make payments on the loan. By setting up automatic payments, you can make sure you’ll never miss a payment and build your credit score. 

NetCredit personal loan customer service and customer satisfaction

Customer service is available seven days a week, either via email or phone. 

NetCredit ranks high for customer satisfaction. Customer reviews mention the ease of the application process and how quickly funds were received. Many reviews note they are repeat customers and are pleased with the service. 

NetCredit doesn't have a Better Business Bureau rating. 

When a NetCredit personal loan might be the best choice

If you may not qualify with other lenders, consider NetCredit. 

NetCredit reports your payment history to the major credit bureaus: Equifax, Experian, and TransUnion. As long as you make payments on time, this reporting should build your credit score.

Compare to leading lenders

Full Star
Full Star
Full Star
Half Star
Empty Star rating

Good for: Small Loans And Low Credit

Fixed APR
18% - 35.99%
Loan Term
24, 36, 48, or 60 month
Loan Amount
$1,500 - $20,000
Min. Credit Score
Full Star
Full Star
Full Star
Full Star
Half Star rating

Good for: Borrowers With Poor Credit

Fixed APR
9.95% - 35.99%
Loan Term
12 to 60 months
Loan Amount
$2,000 - $35,000
Min. Credit Score
Get rid of your debt faster with debt relief

Get rid of your debt faster with debt relief

Take the first step towards a debt-free life with personalized debt reduction strategies.

Choose your debt amount

See if you qualify

Or speak to a debt consultant  844-731-0836