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LAST UPDATED: March 23rd, 2023

NetCredit offers personal loans and lines of credit to borrowers of all credit levels, making it a good option for borrowers with bad credit or no credit.

Personal loans and lines of credit offered by the NetCredit family of companies are available in 14 states. In partnership with Republic Bank & Trust Company, NetCredit's services are extended to 36 states. 


Highlight: NetCredit rates and terms

  • APR range — 34–155%
  • Minimum credit score — undisclosed
  • Personal loan amount range — $1,000–$10,000*
  • Personal loan terms — 6–60 months
  • Line of credit amount range — $500–$4,500

*Some California residents may be eligible to receive up to $10,500.

Keep reading for pros and cons, plus NetCredit reviews from real customers.

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The Good

  • Minimal Lending Fees
  • Fast Approval and Funding Time
  • Less-than-Perfect Credit Accepted
  • Line of Credit Products
  • Customer Support Resources
  • Financial Tools

Minimal Lending Fees

NetCredit does not charge an application fee, prepayment fee , or non-sufficent funds fee. However, an origination fee will be charged on loans in certain states.

In addition, late payment fees vary by state lending terms, but will generally only be charged after a specified grace period.

Fast Approval and Funding Time

One of the things NetCredit prides itself on is getting you approved for a loan and set up with funds fast.

The online loan application is quick and simple, and when you click "Submit," you can know almost instantly whether you qualify to receive a loan.

Submitting your loan application initiates a soft credit check and accepting your loan offer allows NetCredit to do a hard credit check. 

Once you do get approved for a loan, your funds can be deposited into your checking account as soon as the next business day, but it may take up to three days.

Speed like this can be extremely valuable when you need your loan as fast as possible. Even if you don't need the money right away, it's still nice to know you won't have to wait a long time to see if you're even eligible to get a loan. 

Less-than-Perfect Credit Accepted

While NetCredit doesn't provide a credit score requirement, you don't need perfect credit to work with this service provider. While qualification can't be guaranteed, NetCredit will accept borrowers who have a subpar credit score on a case-by-case basis. 

If you aren't sure if you will qualify for a NetCredit personal loan, the company offers to check your creditworthiness and eligibility without affecting your credit score, so you can know whether you qualify for its personal loans, risk-free. 

The other good news is that if you have poor credit and NetCredit agrees to work with you, the loan can help you build credit. As you repay your loan, your monthly payment history is reported to two major credit bureaus: Experian and TransUnion. Depending on whether or not you pay on time, this can either help you build good credit or make your bad credit even worse. Partial and late payments are going to hurt your credit score. 

It is important to note that NetCredit has higher interest rates than you might see with other lenders, which is likely due to the fact that they lend to low-credit borrowers.

Line of Credit Products

In addition to traditional personal loan products, NetCredit offers lines of credit up to $4,500. 

Lines of credit differ from personal loans because with a line of credit you can withdraw money as needed, instead of a larger lump sum all at once.

Applying for a NetCredit line of credit takes only a few minutes, and after approval you can take a cash advance from your available credit when needed and money will be dispersed the next business day or sooner. You will be charged a cash advance fee of 10 percent to complete the withdrawal of funds. 

Each billing cycle, you will be charged a minimum payment including your cash advance balance and statement balance fee — you only repay based on what you've borrowed.

Customer Support Resources

NetCredit provides several contact options for customers with questions, comments, and concerns. Should you need the help of a customer service representative — whether it's for account management, technical help, or anything else — you can call, email, or refer to the FAQs page on the website. 

NetCredit helps you become more educated about your personal finances, and the FAQs page alone may take care of a lot of questions you may have — not just about service policies but also about personal loans in general. In addition, via SpringFour, a corporation providing financial health resources across the nation, NetCredit connects customers to local resources for uneployment and/or debt assistance.

Financial Tools

NetCredit provides various financial tools for customers, helping them find the best borrowing options for them.

With these tools, customers can check their eligibility without impacting their credit score, see which personal loan or line of credit option they qualify for, and even do a NetCredit "trial run" to see if it is the best fit for them — you can cancel your loan without penalty up to one business day after funding.

If you are a first-time borrower, or would like some additional knowledge on financial topics, NetCredit offers free financial education through EverFi, a platform that provides personal finance modules and tools. These modules and tools include budgeting tools, and credit scores and reports, among other helpful financial education offerings.


The Bad

  • High Interest Rates
  • Loan Origination Fee
  • Limited Loan Refinancing
  • Customer Reviews

High Interest Rates

NetCredit's interest rates vary depending on what state you live in, but the rate generally ranges from 34 percent to 155 percent APR. These rates are similar to what you would see with a payday loan, and are much higher than other lenders in the industry — many lenders' maximum offered interest rate is approximately 34 percent.

NetCredit's interest rates are significantly higher than other companies because the company seeks to provide loans for those with bad credit. These individuals with bad credit will likely not qualify for lower rates with other companies because their credit history poses a financial risk to the lender.

Loan Origination Fee

An origination fee is charged in some states on lower-interest loans. Keep an eye out for this before you fill out a loan application or agree to any loan terms you don't understand. The fee, generally 1 percent to 5 percent of the total loan amount, will be deducted directly from your loan principal before it is added to your bank account.

Limited Loan Refinancing

NetCredit does not allow all borrowers to refinance their loans. That means that, for better or worse, many customers are stuck with the same interest rate for the entire loan repayment term.

Considering the fact that the company specializes in bad credit loans, it would be nice if NetCredit let all customers reevaluate that rate after a period of time in order to help make things more affordable.

If refinancing isn't available, this lender doesn't provide a viable long-term financial solution for borrowers. 

For customers in select states, there are two refinancing options: 

  • Lower My Payment — gives customers the opportunity to create a new loan from their existing balance. In some instances, payments can be lowered by at least 15 percent.
  • Borrow More Money — available for customers who have borrowed less than they were eligible to do so initially. The remaining amount can be added to what is left in your current loan, allowing you to refinance that total amount. 

Customer Reviews

Currently, NetCredit reviews are limited. However, the majority of the reviews on are 1-star. Many reviews remark on bad experiences with customer service as well as a lack of transparency regarding interest rates and credit score requirements.


The Bottom Line

If you have poor credit, a NetCredit personal loan could be a good option for you. However, if you have excellent credit (700+), NetCredit may not be the best choice for you, as you could get lower rates and save more money with a different lender.

But, if you do have low credit and choose to borrow from this online lender, your recurring monthly payment will affect your credit reporting with two of the main credit bureaus. This means that you have the opportunity to improve your credit score as you pay off your debt. 

Based on limited customer reviews, the majority of which are negative, we would recommend looking into other personal loan lenders before making a decision.

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If you've worked with this lender, let us know about your experience by leaving a NetCredit review.

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59 Reviews

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Kara Moore Marion, IN

I just got a loan from NetCredit and I see a lot of commenters are saying things like they were not aware of what they signed up for. You put your social security number on the application like every financial institution, they do this because that is how all financial institutions check your credit. This is how it is no matter where you go. So them asking you for your social security number, it should have already been done when you applied. Even your bank will need it. Also, they complain about the high cost of a loan, but on the website, it is very clear and open when they say "This is an expensive type of loan. It should only be used for short term". This is written on the website. So don't be surprised. There is nothing they haven't been transparent about. And your bank in which you have an account, you need to verify that you have the routing number and account number correct. If, for some reason, they are having trouble depositing, it could be that your bank has multiple routing numbers and if you are one number off, it will not deposit. I will see in time just what all this entails, but for now I had to have a 640 credit rating and was approved in three days, not overnight. And it was not as much as I asked for, but it was an open end loan, meaning that I may keep using up to the credit limit as long as I keep making the payments. But the things I saw people comment on, were things that were either fixable, or simply not read about in the disclosure.

8 months ago

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Though I was approved, my main issue is their customer service phone nbr of which all you get, half the time, is the recording saying they cannot find your information (despite it saying earlier they found you), then connecting you to an agent who can help. All this message does is repeat itself over and over and over again until the line goes dead. So, if you have something imperative you need to speak with somebody about, such as delaying a payment, then you may be s-o-l.

11 months ago

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cathy Los Angeles, CA

I was approved for a $3200 loan. I accepted a loan for a little less, $2900. I read their payment scheduled and made sure it was something I could pay. I wanted to refinance for a higher amount and was told by customer service their "computer" decided what customers were offered a refinance. It would be great if NetCredit would reconsider this and let "human beings" make the decision on if customers can refinance. After reading all of the negative stories from other customers, maybe it's a blessing in disguise I haven't been offered a refinance. :(

5 years ago