NetCredit is an online lender based in Chicago that was established in 2012. It is a subsidiary of Enova International, Inc., a NYSE listed company (ENVA). NetCredit partners with Republic Bank and Trust, Member FDIC to offer loans in select states. 

How Does NetCredit Work?

NetCredit offers unsecured personal loans to borrowers with poor to fair credit. The entire process is done online. Although NetCredit provides a range of rates, you will only know your rate once your application has been assessed.

Borrowers' eligibility and customized personal loan offer are determined by their credit history, employment history, and loan repayment history.

What Are NetCredit's Rates and Fees?

Rates vary from 34% APR to 150% APR depending on credit and the lending laws of the state you live in. 

How Much Money Can I Borrow from NetCredit?

Loan amounts range from $1,000 to $10,000 and terms range from 6 months to 5 years. How much you can borrow and the loan term will depend on your credit, state of residence, and income.

Which States Does NetCredit Operate In?

Loans are available through NetCredit or partner lender Republic Bank and Trust, Member FDIC, in Alabama, Arizona, Arkansas, California, Delaware, Florida, Georgia, Idaho, Indiana, Kansas, Kentucky, Louisiana, Michigan, Missouri, Mississippi, Montana, North Dakota, Nebraska, New Mexico, Ohio, Oregon, South Carolina, South Dakota, Texas, Utah, Virginia, Washington, Washington D.C., and Wisconsin.

What Is the NetCredit's Application Process Like?

The application process is simple and transparent. The application form takes two minutes to complete. If approved, the money is deposited in your account within 1 to 2 business days.

Borrowers must have a credit score of at least 500 and an annual income of $20,000 or more, although these factors alone do not guarantee eligibility. You will know instantly whether or not you qualify. There are no application, origination, or prepayment fees. The only fees you have to worry about are the simple daily interest on the remaining balance of your loan and any late payment fees. If you pay the loan early, you will not incur any prepayment penalty fees.

How Is NetCredit Better Than Other Lenders?

NetCredit provides an alternative to payday loans for borrowers with poor and fair credit who don't have or don't want to use assets as collateral for a secured loan. Rates are much lower than payday and cash advance loans and NetCredit offers larger loan amounts and longer repayment periods.

  • Institution Type
    Direct Lender
  • Bank Account Required?
  • Credit Score Range
    500 - 700
  • Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Other
    • Retired
    • Self-Employed
  • Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
  • Joint Loan Applications Accepted
    Only Individual Applications
  • Military Status
    • Active Duty Military
    • Military Dependent
    • Non-Military
    • Veterans
  • Minimum Age
  • Minimum Annual Income
  • Supported Income Types
    • 1099 Misc. Income
    • Direct Deposit (W2, SSA, SSDI)
    • Payroll Check or Prepaid Card
  • Verification Documents Required?
    Proof of Income
  • No Origination Fee
  • No Prepayment Fee
  • Approval Speed (Hours)
  • Credit Bureau Reporting
    • Experian
    • TransUnion
  • Customizable Payment Dates
  • Funding Time Range (in days)
    1 - 3
  • Payment Options
    • Automatic Payments
    • Check by mail
  • Pre-Approved Soft Credit Inquiry
  • Loan Amount
    $1000 - $10000
  • Loan Term (Months)
    6 - 60
  • APR
    34% - 150%
NetCredit is an industry-leading online financial services provider. Depending on your state, personal loans from $1,000 – 10,000 may be offered by NetCredit or by our partner lender, Republic Bank & Trust Company, Member FDIC. Visit the Rates & Terms page on our website for details. You can check your eligibility without affecting your credit score. If eligible, you may select the loan terms that are right for you. Once approved, you will typically receive your funds by the next business day. We do not charge any application or pre-payment fees. We also report payment activity, so on-time payments of your loan may help you build positive credit history.
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