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Where does NetCredit do business?
NetCredit is a direct lender based in Chicago, IL. Founded in 2012, NetCredit offers access to personal loans in 14 states across the USA.
What personal loan APRs are offered via NetCredit?
NetCredit offers a fixed APR personal loan product that ranges from 34% APR up to 155% 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 charge an origination fee?
Yes, NetCredit charges a loan origination fee of 5% of the loan amount (origination fees and requirements vary by state). NetCredit deducts the fee directly from your loan amount before depositing your money, so make sure you take this fee into account when deciding how much you need to borrow.
Does NetCredit charge a late fee?
Yes, NetCredit may charge borrowers a late payment fee
Does NetCredit charge prepayment fees?
No, NetCredit does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.
How much can you borrow via NetCredit?
Loan amounts start at $1,000 and go up to $10,000.
What can a personal loan from NetCredit be used for?
Personal loans from NetCredit are typically used for special purchases, home improvement projects, medical expenses & procedures, unexpected expenses or similar purposes.
What is the maximum loan term you can get with NetCredit?
NetCredit offers personal loans with terms ranging from 6 to 60 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
What do you need to qualify for a loan with NetCredit?
Applicants with a credit score of at least 500 can apply for a loan via NetCredit . The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.
To qualify for a NetCredit loan, applicants need a minimum annual income of $20,000 or higher. NetCredit only considers borrowers who are employed and meet the minimum income requirement.
Active duty servicemembers and their covered dependents are eligible to apply for a loan via NetCredit. Their rates fall within the limits of 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:
What is the estimated funding time for a personal loan via NetCredit?
NetCredit will typically approve (or deny) a loan application within 48 hours and fund personal loans within 3 business days of approval.
Does NetCredit report loan payments to credit bureaus?
NetCredit may report credit data to the following credit reporting agencies:
175 W. Jackson Blvd. Suite 1000
Chicago, IL 60604 USA
- Visit Site
- New Mexico
- North Dakota
- South Carolina
- South Dakota
|No Prepayment Fee|
|Credit Score Range||
500 - 700
850 300 500 700
|Immigration Status Considered||
|Minimum Annual Income||$20,000|
|Bank Account Required|
|Employment Statuses Considered||
|Supported Income Types||
|Joint Loan Applications Accepted||
|Verification Documents Required||
|Loan Amount||$1K - $10K|
|Loan Term (Months)||6 - 60|
|APR (Fixed APR)||34% - 155%|