NetCredit Personal Loans

in Personal Loans from Enova International

Claimed Apply Now Get Personalized Rates

NetCredit Personal Loans


in Personal Loans from Enova International

SuperMoney Net Recommendation Score -38


This product is mostly not recommended by SuperMoney users with a score of -38, equating to 2.2 on a 5 point rating scale.


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.

Mostly not recommended

16 users recommend
2 users are unsure
37 users don't recommend
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Community Rating Mostly not recommended
APR  (Fixed APR) 34% - 155%
Loan Amount $1,000 - $10,000
Loan Term (Months) 6 - 60 months
Number of Reviews 55

NetCredit Personal Loans Review

NetCredit Personal Loans is offered by Enova International, a direct lender founded in 2009 and based in Chicago, IL. NetCredit Personal Loans is available in 33 states across the USA.

Key Takeaways
  • APRs starting at 34%. Personal loan interest rates typically range between 5% and 36%. The starting rates for NetCredit Personal Loans are on the higher end of the spectrum.
  • Fast access to funds. In some cases you can get your money within 1 business day.
  • Prequalified rate. You can check your prequalified rate at Enova International with a soft pull that will not affect your credit score.
  • Origination fee of 5%. Origination fees and requirements vary by state. This is average for lenders that charge origination fees. However, plenty of lenders don't charge them.
  • Short loan terms. NetCredit Personal Loans offers loan terms as short as 6 months. Most personal loans have a minimum term of 12 to 36 months.
  • Minimum income of $20,000. You will need an annual income of at least $20,000 to apply for NetCredit Personal Loans, which is below average for the lenders in our database
NetCredit Pros & Cons
Pros Cons
  • $0 prepayment fee.
  • Considers applicants with fair credit.
  • Funding available within 3 business days.
  • APRs as high as 155%.
  • Charges an origination fee of up to 5% of the loan amount.
  • Charges a late fee of up to $25.
NetCredit FAQ

What interest rates and personal loan terms does NetCredit offer?

NetCredit has higher than average interest rates for lenders reviewed on SuperMoney.

What interest rates does NetCredit offer?

NetCredit offers a fixed APR personal loan product that ranges from 34% APR up to 155% APR.

How much can you borrow via NetCredit?

Loan amounts start at $1,000 and go up to $10,000

What is the maximum loan term you can get with NetCredit?

NetCredit offers loans with terms of up to 60 months.

NetCredit Interest Rates & Loan Terms
Personal Loan Amount $1000 - $10000
Loan Term 6 - 60 months
APR 34% - 155%

What fees does NetCredit charge?

Does NetCredit charge an origination fee?

NetCredit may charge a personal loan origination fee of 5% of the personal loan amount (origination fees and requirements vary by state). NetCredit deducts the origination fee directly from your personal 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 if you miss one of the monthly payments of up to $25, which is triggered if you're 10 days late.

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 personal loan off early.

NetCredit Fees
Origination Fee 5%
Prepayment Fee No
Late Payment Fee $15 - $25

What do you need to qualify for NetCredit Personal Loans?

Applicants with a credit score of at least 500 and up to 700 may be eligible for NetCredit Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

To qualify for personal loans with NetCredit Personal Loans, applicants need a minimum annual income of $20,000 or higher. NetCredit Personal Loans only considers borrowers who are employed and meet the minimum income requirement.

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. Active duty service members and their covered dependents are eligible to apply for a loan via NetCredit Personal Loans. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by NetCredit Personal Loans. Permanent resident / green card holders are also eligible to apply.

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

  • Applicants must have an active and valid personal checking account
  • Proof of income
NetCredit Eligibility Criteria
Minimum Age 18
Bank Account Required? Yes
Application Types Accepted
  • Individual Applications
  • Credit Score 500 - 700

    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 loans within 3 business days of approval.

    Does NetCredit Personal Loans report your account activity to credit bureaus?

    Yes, NetCredit Personal Loans 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.

    NetCredit Personal Loans Disclosure: "This offer is representative of what may be available to you; you may see additional options or slightly different terms once you continue the application process on the NetCredit website. Depending on your state, your loan may be offered by NetCredit or its partner lender, Republic Bank & Trust Company, Member FDIC. You may be asked to provide additional documents to verify your income, identity and bank account. In some states, Annual Percentage Rate may be inclusive of a loan origination fee, which is deducted from the loan proceeds. Late payments may incur additional fees and may increase the cost of your fixed rate loan. Please refer to NetCredit's Terms of Use, Rates & Terms, and Borrower Agreement for all terms, conditions and requirements."
    SuperMoney Disclosure: 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 Personal Loans

    Our brilliant, focused and, dare we say, personal team is passionate about helping hardworking people like you get access to fast, trustworthy credit. So you can stop worrying about your finances – and get back to what matters most. Your unique financial needs mean a lot to us. So no matter what challenges you face, our friendly Customer Support Team can help you find a fast funding solution that’s right for you. We’ll keep things simple, convenient and honest, so you can feel confident in choosing us. You’ll always know your costs up front and you can even try us out worry-free. With flexible funding and fee financial education, NetCredit is here to help you manage your money situation today – and take steps toward a brighter tomorrow. NetCredit has partnered with Republic Bank & Trust Company, Member FDIC to offer personal loans in some states. Loans will be underwritten by, approved by and made by Republic Bank & Trust Company. Loans are serviced by NetCredit.

    Message From Our Editor

    What We Love About NetCredit

    NetCredit is a lender that provides subprime loans to people who have poor credit. One of the advantages is that the terms are flexible, and you’ll find that there are no hidden fees or hidden penalties to worry about when using them. Another benefit is that you can check your rates without damaging your credit. Additionally, it will report to two of the major credit bureaus, which means it could help you to improve your credit over time.

    The process of applying is simple and fast, and it could be a good choice for those who have bad credit and can’t get loans elsewhere. The company provides fixed simple-interest loans, so the payments don’t change during the duration of the loan. There are no prepayment penalties, so borrowers can save money when they pay off the loan early.

    What NetCredit Could Do Better

    While it is easier for many people to borrow with NetCredit, it doesn’t mean that it’s the right choice for everyone or that they don’t have issues. The interest rates through the subprime lender are high. The rates borrowers will pay will depend on their credit history, employment history, and the state in which they live. The high interest is the one major drawback of NetCredit.

    NetCredit’s Backstory

    NetCredit launched in 2012 as a means to provide underbanked people with the ability to get loans when traditional lenders refuse. The company is a subsidiary of Enova International, which provides online financial services, which is spun off from Cash America, the largest pawnshop operator in the world. Even though NetCredit might appear to be a young company, its connection to Enova provides it with far more resources than many financial startups.

    The Verdict

    With the range of options available for lending, it’s often best to check to see if you can qualify for a prime loan first. This can help you save a substantial amount of money in interest. Companies like Prosper and SoFi can check your rates without a hard credit check, so you won’t have to worry about a hit on your credit score. However, for those who do not have good enough credit for a prime lender, NetCredit could be the best choice available.


      Available in 33 states
    • Alaska
    • Alabama
    • Arkansas
    • Delaware
    • Florida
    • Georgia
    • Hawaii
    • Idaho
    • Indiana
    • Kansas
    • Kentucky
    • Louisiana
    • Michigan
    • Minnesota
    • Missouri
    • Mississippi
    • Montana
    • North Dakota
    • Nebraska
    • New Jersey
    • New Mexico
    • Ohio
    • Oklahoma
    • Oregon
    • Rhode Island
    • South Carolina
    • South Dakota
    • Tennessee
    • Texas
    • Utah
    • Washington
    • Wisconsin
    • Wyoming

    Feature Breakdown

    No Prepayment Fee
    Late Fee Amount $15 - $25
    Late Fee Grace Period 10 days
    Origination Fee (%) 5%
    Checking Account Required
    Employment Statuses Considered
    • Other
    • Employed Full-Time
    • Employed Part-Time
    • Retired
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Joint Loan Applications Accepted
    • Individual Applications
    Military Status
    • Active Duty Military
    • Non-Military
    • Veterans
    • Military Dependent
    Minimum Age 18
    Minimum Annual Income $20,000
    Supported Income Types
    • Direct Deposit (W2, SSA, SSDI)
    • Payroll Check or Prepaid Card
    • 1099 Misc. Income
    Verification Documents Required
    • Proof of Income
    Credit Score Range 500 - 700
    Approval Speed 48 hours
    Credit Bureau Reporting
    • Experian
    • TransUnion
    Customizable Payment Dates
    Funding Time Range 1 - 3 days
    Payment Options
    • Automatic Payments
    • Check by mail
    Pre-Approved Soft Credit Inquiry
    Loan Amount $1,000 - $10,000
    APR (Fixed APR) 34% - 155%
    Loan Term 6 - 60 months

    NetCredit Personal Loans Community Reviews


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    This product is mostly not recommended by SuperMoney users with a score of -38, equating to 2.2 on a 5 point rating scale.


    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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