2020 NetCredit Review on Personal Loans & NetCredit Alternatives

Last Updated on March 28, 2020 by admin


NetCredit review summary

Now, the unfortunate truth is that everyone is capable of finding himself in emergency situations in which lending money is the only option. With this in mind, turning to NetCredit might be a good idea. This is an online financial service provider who has its location in downtown Chicago. The company is a subsidiary of Enova International which is an NYSE-listed enterprise, hence delivering the necessary reliability and credibility.

NetCredit | More than a Credit Score

Pros of NetCredit

  • Experienced online credit service provider
  • Quick approvals disregarding current credit score
  • Personalized customer experience

Cons of NetCredit

  • A limited amount of up to $10,000 with no regard to credit score
  • Loans are not offered in a lot of states

What are the Minimum Requirements?

In order to be considered a qualified borrower in the list of NetCredit, you’d have to abide by certain criteria. The eligibility requirements are pretty straightforward.

  • Must be able to provide a source of income
  • Must have a valid bank account
  • Must apply from one of these states: AL, CA, DE, GA, ID, MO, ND, NM, SC, SD, UT, VA, WI


Application Process

The application process is also pretty clear. You need to fill out an application form, which is generally to be expected. You have to fill out regular information such as names, addresses, and others of the kind. However, you would also need to apply the reason for which you are getting the loan as well as the amount that you would like to apply for. Apart from that, there’s nothing that you can’t handle quickly.

Credit Check

NetCredit will first do a soft inquiry on your credit report which will not affect your credit score to evaluate your eligibility.  Once you have accepted their loan offer, they may pull another hard inquiry on your credit report. Read the difference between soft and hard inquiries here.

Lending Terms and Interest Rates

The lending terms are fairly flexible. You can negotiate a comprehensive plan for repayment. What is more, if you make sure that you go ahead and pay all of your payments on time, this is going to positively affect your overall credit score. However, you need to account for the fact that the credit terms, as well as the interest rates, are going to vary from one state to another. You can easily find out the applicable rates and terms by selecting your state of residence.


Making Payments

When it comes to payment methods, you are free to select the most preferred option between electronic fund transfer as well as remotely-created checks. Of course, you can also send money through Western Union and MoneyGram or through your credit card, but you need to make a call in advance.

Final verdict on NetCredit review

In any case, NetCredit is a reliable service provider who is capable of getting you the necessary amount of money. Even though the amounts are rather limited, the terms are fair, and their website is easy to navigate through so you shouldn’t encounter any hassle. Plus, you don’t need to have a good credit to be qualified.

NetCredit alternatives

*Not all loan providers serve in all states.  Please use this personal loan search tool to find the providers serve in your state.

LendersLoan Amount Loan TermsFeesCheck Rate

Avant Review
$2,000 - $35,000 24 to 60 mo Up to 4.75% of the loan

APR: 9.95% - 35.99%

Upstart Review
$1,000 - $50,000 36 to 60 mo 1% - 6% of the loan

APR: 8.92% - 29.99%

Compare rates from multiple lenders. Discover your lowest eligible rate.

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NetCredit Review
$1,000 - $10,000 6 to 48 mo Not disclosed

APR: 34% - 155%

SoFi Review
$5,000 - $100,000 36 to 84 mo No fees

APR: 5.49% - 14.49%

Payoff Review
$5,000 - $35,000 24 to 60 mo 2% - 5% of the loan

APR: 8% - 25%

Best Egg Review
$2,000 - $35,000 36 to 60 mo 0.99% - 5.99% of the loan

APR: 5.99% - 29.99%

Freedomplus Review
$10,000 - $35,000 24 to 60 mo Up to 5.99% of the loan

APR: 4.99% - 29.99%

Lendingpoint Review
$3,500 - $20,000 24 to 36 mo Varies by state

APR: 15.49% - 34.99%

Prosper Review
$2,000 - $40,000 36 to 60 mo 1% - 5% of the loan

APR: 6.73% - 135.36%

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