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  NetCredit Personal Line of Credit
NetCredit Personal Line of Credit
in Personal Lines of Credit from Enova International
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NetCredit Personal Line of Credit

Claimed
in Personal Lines of Credit from Enova International
Net Recommendation Score +100  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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Highlights
Community Rating

Rating not yet determined  

Loan Amount $500 - $4,500
APR  (Fee-Based Product) 51.1% - 434.5%

NetCredit Personal Line of Credit Review

NetCredit Personal Line of Credit is offered through Enova International, a direct lender founded in 2009 and based in Chicago, IL. NetCredit Personal Line of Credit are available in 7 states across the USA.

NetCredit line of credit FAQ

What APRs does NetCredit Personal Line of Credit offer?

NetCredit Personal Line of Credit offers a fee or charge based product that ranges from 51.1% APR up to 434.5% APR.

Unlike most credit lines, which typically charge a simple daily interest rate, NetCredit line of credit does not have a periodic interest rate. Instead, NetCredit line of credit charges a fee when you take a cash advance, plus a fee each payment period based on your ending principal balance (inclusive of the cash advance fees). The equivalent APR will vary depending on the amount borrowed and how long you take to repay, starting at 51.1% APR up to 434.5% APR.

Does NetCredit line of credit charge an origination fee?

No, they do 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 the NetCredit line of credit charge a cash advance fee?

Yes, they may charge a fee of 10% of the amount of each cash advance.

Does the NetCredit Personal Line of Credit charge a statement balance fee?

Yes, NetCredit Personal Line of Credit can charge a statement balance fee of $5 to $350 each billing cycle. up to 350 each billing cycle.

Does NetCredit Personal Line of Credit charge a late fee?

No, they will not charge you a late fee.

How much can you borrow via NetCredit line of credit?

Upon approval and based on your credit score and credit history, your personal line of credit will be assigned a credit limit of at least $500 and as much as $4,500. .

NetCredit Personal Line of Credit Fees
Cash Advance Fee 10%
Origination Fee No
Prepayment Fee? No
Late Payment Fee No
Statement Balance Fee $5 - $350

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 will consider borrowers regardless of their employment status if they can prove their ability to repay their obligations.

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.

U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by NetCredit Personal Line of Credit.

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

  • Applicants must have an active and valid personal checking account
  • Proof of identity

What is the estimated funding time for a personal line of credit?

NetCredit line of credit will typically provide a credit approval decision in less than an hour and fund the line of credit within 1 business day.

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

Yes, 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 may help improve your credit.

Is Enova International a legit company?

Enova International was founded in 2009, it is a well-established company that has been in business for 14 years.

Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.

How to apply for NetCredit line of credit

  • Visit the website.
  • Fill in the application form. You will typically need to provide general information such as your name, address, email address, Social Security Number, source of income and employment, and checking account information.
  • Check the information is accurate and submit your application.
NetCredit Personal Line of Credit Disclosure: The NetCredit Personal Line of Credit does not charge a traditional periodic interest rate. Instead, customers are charged a Statement Balance Fee for each billing cycle in which they carry a Cash Advance Balance greater than $25. In AL, CA, DE, GA, ID, IL, LA, MO, ND, NM, SC, SD, UT, VA and WI, all NetCredit loans and lines of credit are offered by a member of the NetCredit family of companies. In AK, AR, AZ, FL, HI, IN, KS, KY, MI, MN, MS, MT, NE, NJ, OH, OK, OR, RI, TN, TX, WA and WY, all NetCredit loans and lines of credit are underwritten by, approved by and funded by Republic Bank & Trust Company, Member FDIC. All loans and lines of credit will be serviced by NetCredit.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From NetCredit line of credit

NetCredit has partnered with Republic Bank & Trust Company, member FDIC, to offer NetCredit Personal Lines of Credit in some states, Lines of Credit will be underwritten, approved by and made by Republic Bank & Trust Company. All Lines are serviced by NetCredit. NetCredit Personal Line of Credit is available in 7 states across the USA.

Contact

Other Services by Enova International

Availability

  Available in 7 states
  • Alabama
  • Delaware
  • Idaho
  • Louisiana
  • North Dakota
  • Utah
  • Wisconsin

Feature Breakdown

Cash Advance Fee (%) 10%
No Late Fees
No Origination Fee
No Prepayment Fee
Statement Balance Fee $5 - $350
Checking Account Required
Employment Statuses Considered
  • Other
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
  • Unemployed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Non-Military
  • Veterans
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
Verification Documents Required
  • Proof of Identity
Approval Speed 0 hours
Credit Bureau Reporting
  • Experian
  • TransUnion
Funding Time Range 1 day
Payment Options
  • Check by mail
  • Credit/Debit Card
  • Bank Transfer
Pre-Qualified Soft Credit Inquiry
APR (Fee-Based Product) 51.1% - 434.5%
APR Type Fee-Based Product
Loan Amount $500 - $4,500

NetCredit Personal Line of Credit Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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