NetCredit Personal Loan Review 2020 - (How-To Apply) | Credit Raters
Last updated: 18th Jan 2020

Net Credit Review


NetCredit is a Chicago-based financial services provider which specialises in helping individuals from a broad spectrum of financial backgrounds to access the funds they need when they need them most.

Their core belief is that everyone deserves access to credit which is why they’ve invested in a range of unique lending tools to help you find the most suitable loan for your circumstances without affecting your credit score.

As a subsidiary of their NYSE listed parent company, Enova International Inc, NetCredit brings a wealth of knowledge and experience to the American lending market, offering innovative, market-leading products coupled with outstanding customer service.

Also Check: Bad Credit Loans Review

NetCredit In Numbers

As part of this NetCredit review we’re going to take a closer look at the borrowing amounts and repayment rates for NetCredit loans. NetCredit personal loans are available from $1,000 – $10,000 whilst lightning fast lines of credit range from $500 – $3,500. It’s important to remember that your eligibility for certain products will depend on your state of residence, so do ensure that you qualify based on your location before applying.

NetCredit believes that each application should be assessed on its own individual merits which is why the final credit limits and interest rates offered will vary from one applicant to the next. The table below will help to give you an overview of how much you can borrow from NetCredit along with some key indicators on interest rates and loan terms.

Loan Option Maximum Credit Limit Interest And Charges Loan Terms
NetCredit Personal Loan $10,000 (or $10,500 in AZ) 34% – 155% APR 6 – 60 months
NetCredit Line Of Credit $3,500 Typically $5 per $100 Rolling credit

Why Should I Use NetCredit Loans?

NetCredit offers a number of unique tools and features that will allow you to easily choose and manage your loan. My ScoreSaver is a unique eligibility checker designed by NetCredit to help you find out whether your application is likely to be accepted without affecting your credit score. These ‘soft searches’ allow them to make an assessment of your creditworthiness without leaving a mark on your credit score meaning that you won’t be penalised if you don’t currently qualify for a NetCredit loan. Once you’ve established that you’re able to get a NetCredit loan the next step is to find out what loan type is going to most suitable for your needs.

If you’re new to loans or simply don’t have a fixed idea on what borrowing option is going to give you the best value, then take advantage of the free to use My RightFit Tool. Rather than borrowing a fixed amount over a fixed repayment term, you’ll have round the clock access to an open ended line of credit that you can draw on when you need it most.

As with any reputable lender, NetCredit strictly adheres to regulatory state laws regarding borrowing which is why it’s important to check that your state is eligible for our products before applying. Simply visit the rates and terms page and search your state for the latest updates on what products are available in your region.

NetCredit Alternatives

NetCredit is one of America’s leading direct lenders, but how do they compare to the NetCredit alternatives available on the market?

Lender States Covered Maximum Loan Amount Credit Search Required
NetCredit 14 $10,500 Yes
Speedy Loans 26 $10,000 Yes
Prosper 31 $40,000 Yes

Aside from online NetCredit alternatives, banks are also able to offer personal loans however you may find that these are often harder to be accepted for as well as taking weeks to complete rather than a few hours or days.



Yes. NetCredit provides funds directly to customers who are accepted for their loan products so you’ll only ever deal directly with your lender rather than having to use a middleman.

Funds will be transferred straight to your bank account on the same day as you apply so long as you’re accepted before 8.00 am CT Monday to Friday.

Firstly – don’t panic! NetCredit understands that personal circumstances can change at any time which could impact your ability to repay your loan. Simply contact NetCredit and explain your circumstances and they’ll work with you to help you through a tricky financial period to avoid defaults and late repayment charges.

Yes! Whenever NetCredit assesses a loan application, they take into account a number of factors to ensure that the loan you’re applying for is affordable and suitable for your circumstances. Whilst those with a bad credit history may pay higher rates of interest for certain lines of credit, NetCredit are often able to offer finance even if you’ve struggled to get approval elsewhere.

Eligibility Criteria

NetCredit believes that everyone should have access to financial help when they need it, which is why they use a range of different eligibility factors when assessing credit applications. Instead of basing their decision solely on your credit score, they’ll take into account factors such as your income, job stability, residential status and repayment history to form a well rounded picture of your circumstances.

Away from your financial circumstances and creditworthiness, you’ll need to fulfil some basic qualifying criteria to be considered. You must:

  • Be at least 18 years of age
  • Have residency in an eligible state
  • Have a US bank account in your name
  • Be employed
  • Be able to afford your loan repayments

Depending on the type of loan and amount of credit you apply for, you may need to provide additional forms of identification such as photo ID or a bank statement, however the vast majority of applications will be assessed and verified online without needing further checks.

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What States Are Eligible For NetCredit Loans?

NetCredit currently offers its standard personal loan products to customers in the following 14 states:

Alabama California
Delaware Georgia
Idaho Illinois
Missouri New Mexico
North Dakota South Carolina
Utah Virginia

NetCredit are constantly working to grow this offering and will be announcing additional supported states in the future. If you’re looking to take on a rolling line of credit, then NetCredit currently offer this lending facility to those in Delaware, Idaho, North Dakota and Utah only.

How Can I Apply For NetCredit Loans?

Applying for loans with NetCredit is now easier than ever before thanks to their intuitive online application system. Here’s a step by step guide to finding and applying for your perfect loan with NetCredit.

By telling NetCredit the purpose of your loan, they’ll have a broader understanding of your requirements and can tailor your loan agreement accordingly.

Step 1

Different regulatory laws apply to different states so you’ll need to make sure that your state is eligible for the loan product you’ve selected. Enter your zip code to confirm your location and your date of birth to help NetCredit identify you.

Step 2

You’ll be able to manage your NetCredit loan all from the comfort of your smartphone, tablet or computer by creating your online account. From here you’ll be able to see the progress of your loan application along with extra information about repayments and interest once the facility is up and running.

Step 3

Before receiving a formal loan offer you may need to confirm your social security number as part of there regulatory identity checks.

Step 4

The final step to apply for NetCredit loans is to tell them a little more about your personal and financial circumstances. They will need to know your annual income, pay frequency, pay dates and the name of your employer, but rest assured that all of your personal information will be treated with the strictest confidentiality.

Step 5

As soon as you’ve completed your online application for NetCredit loans, you’ll get an instant online decision on your credit limit, final interest rate and the repayment period. You’ll need to confirm that you’re happy to proceed along with the bank account details that the funds will be paid into.

NetCredit Review – Conclusion

NetCredit are a fantastic multi-faceted lender who can tailor loans for a range of financial backgrounds. The ability to manage your loan online and also to speak to a member of their team over the phone is a massive plus if you need assistance as you progress with your loan. For queries they can be contacted via their website at or both new and existing customers can speak to a specialist on 877-392-2014.

Apply for NetCredit loans today for an instant decision and find a great rate on your next line of credit.

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