Netcredit Personal Line of Credit Review

Netcredit Personal Line of Credit is offered by Enova International, a direct lender founded in 2009 and based in Chicago, IL. Netcredit Personal Line of Credit is offered in 3 states across the USA.

What APRs does Netcredit Personal Line of Credit offer?

Netcredit Personal Line of Credit offers a fee-based product that ranges from 51.1% APR up to 434.5% APR.

Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

Does Netcredit Personal Line of Credit charge an origination fee?

No, Netcredit Personal Line of Credit does not charge an origination fee.

An origination fee is what some lenders charge for processing, underwriting, and funding a line of credit. These fees can range from 0.5% to 5% of the line of credit amount. Whenever possible, go with lenders that don’t charge origination fees.

Does Netcredit Personal Line of Credit charge a cash advance fee?

Yes, Netcredit Personal Line of Credit may charge a fee of 10% of the amount of each cash advance.

Does Netcredit Personal Line of Credit charge a late fee?

Yes, Netcredit Personal Line of Credit may charge borrowers a late payment fee.

How much can you borrow via Netcredit Personal Line of Credit?

Upon approval and based on your credit worthiness, your Netcredit Personal Line of Credit personal line of credit will be assigned a credit line of at least $500 and as much as $3,500. .

Netcredit Personal Line of Credit Fees

Cash Advance Fee	10%
Origination Fee	N/A
Prepayment Fee?	No
Late Payment Fee	N/A

What do you need to qualify for Netcredit Personal Line of Credit?

Netcredit Personal Line of Credit does not require or does not disclose a credit score minimum. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Netcredit Personal Line of Credit does not have or does not disclose a minimum annual income eligibility requirement. Netcredit Personal Line of Credit only considers borrowers who are employed.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. APRs for the Netcredit Personal Line of Credit product fall outside of the MLA limits and as a result the product cannot be issued to these applicants. Active duty service members and their covered dependents are considered “covered borrowers" under the Military Lending Act.

Only U.S. citizens and permanent residents can apply for a loan.

To qualify, applicants may need to provide the following documentation:

• Applicants must have an active and valid checking account
• Proof of citizenship or residence permit

What is the estimated funding time for a personal line of credit via Netcredit Personal Line of Credit?

Netcredit Personal Line of Credit will typically provide a credit approval decision in less than an hour and fund the line of credit within 3 business days .

Does Netcredit Personal Line of Credit report your account activity to credit bureaus?

Netcredit Personal Line of Credit reports your account activity to the following credit reporting agencies:

• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit score.

How to apply for Netcredit Personal Line of Credit

• Visit the Enova International website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, annual income, and source of employment.
• Check the information is accurate and submit your application.