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NetCredit Review

net credit

3.8 rating

Foundation Year

Office Address
175 W. Jackson Blvd., Suite 1000, Chicago, IL 60604

Phone number



  • Direct lender
  • Loans from $1,000 to $10,000
  • Works with bad credit
  • Soft credit check with pre-qualify
  • No prepayment fees
  • Approval/funding in 1 – 3 business days
  • Flexible loan terms


  • Not available in all states
  • SSN required
  • Only offers personal loans
  • May charge an origination fee
  • Very high APRs: 36% – 65%
  • $10 – $15 late fee


NetCredit is an online financial services provider and a branch of Enova International Inc. The Chicago-based lender offers unsecured personal loans for consumers who may not qualify for traditional lending through banks or other lenders. The company works with bad credit and approves applications in 95% of cases.

What loans does NetCredit offer?

The lender offers personal loans ranging from $1,000 to $10,000 to consumers of all credit levels, even those with bad credit. You could use such loans for bills, debt consolidation, car repairs, moving costs, and many other expenses.

The company doesn’t offer mortgage loans, mortgage refinancing, home equity loans, home equity lines of credit, or car loans.

The lender also provides a line of credit of $500 to $3,500, depending on the state you live in. Lines of credit give users flexibility to take cash advances within the specified limit.

What terms and rates does NetCredit offer?

NetCredit’s APRs are higher than those offered by other lenders. Depending on your income and state, the APR may even reach 155%.

Loan terms usually range between 6 and 60 months.

The lender doesn’t charge application, nonsufficient funds fees, or a prepayment penalty. But you may be charged an origination fee, depending on your state. This fee covers the cost of the application process.

And if you miss a payment, you may be charged a late fee, which also varies by state.

How to apply for a loan with NetCredit?

NetCredit offers a “Check Your Eligibility” tool on its website, which can be used to find out whether you qualify for a loan or not. For this, you will need to provide some basic personal information:

The lender then will conduct a “soft” credit check, which won’t affect your credit rating. If preapproved, you’ll then complete a short online application that asks for more personal information:

If approved, you’ll receive a loan offer with precise rates and terms. If you don’t like this offer, you can request another monthly payment amount or loan term.
Before finalizing your application, the lender will do a “hard” credit check, which can slightly impact your credit score.

If you accept a loan offer, you should have the funds deposited into your bank account within 1-3 days.

How do I qualify for a loan?

The lender checks the borrower’s credit score, employment history, residential history, and other factors.

Laon requirements:

  1. Must be 18+ in most states.
  2. Must have a verifiable source of income.
  3. Must have a checking account in your name.
  4. Must have a valid email address.
  5. Must have a Social Security number.

How to pay a loan back?

Your repayment term will depend on your state, but it usually ranges from 6 to 60 months. You’ll receive a lump sum, a fixed interest rate and a repayment schedule, so you’ll always know exactly how much you will need to repay and when. Payments are made in regular installments over the loan period.

If you apply for a personal loan, you can adjust your loan amount and period before you sign your agreement, making sure you are getting just what you need.

Keep in mind that the lender charges penalties of $15 or 5% of the amount due that period if you’re 10+ days late with your payment.

NetCredit reports your payment history to major consumer credit bureaus, so if you’re a responsible borrower, this may help you build your credit.

If you open a line of credit, you’ll have to pay cash advance fees and outstanding balance fees.

Can I pay a loan back earlier?

Yes. A NetCredit personal loan may also be a good option if you plan to repay your loan early since the lender charges no prepayment penalty. Repaying your loan early can also help you save money on interest.

Can I take a loan if my credit score is low?

NetCredit has its own model to assess the borrower’s reliability. They say, “your eligibility is determined by looking at your broader financial picture -— not just your credit score.”

The lender checks your credit score but approves many of its loans to consumers with fair or bad credit.

This means that you may be eligible for a personal loan even if you have bad credit or fair credit.

Does NetCredit have a mobile app?

NetCredit doesn’t have a mobile application, which may cause inconvenience for active mobile users.

What states does NetCredit service?

The lender operates in the following states: Alabama, Alaska, Arizona, Arkansas, California, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, New Jersey, New Mexico, North Dakota, Ohio, Oklahoma, Oregon, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, Washington, D.C., Wisconsin, and Wyoming.


NetCredit offers personal loans of $1,000 to $10,000 with very high interest rates. If you can’t qualify for other types of loans, this lender may be a good option — but make sure to compare rates before you accept a loan offer. If you have good credit, you’re better to search for other lenders if you need a personal loan — you may qualify for a loan with lower interest rates.


4.0 rating

The process was smooth. NetCredit was helpful for consolidating my debt.

James Hutchins
1.0 rating

I just got a $2,000 loan and haven’t even started to repay because of the due dates. I called and explained that the due dates are wrong and need to be changed. They told me they would not be able to change them…So disappointed.

Amber Forcier
5.0 rating

Great experience. They made the whole process to apply for a personal loan. Easy and simple. Customer support was great! The lady answered all my questions.

Leroy Ward
5.0 rating

I could not believe how fast the process was. I had $3,000 in account the next day. The customer service was amazing and he guided me through the entire process, and it didn’t take more than 10 minutes.

Dorothy Downs

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