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 12 states across the USA.

• 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 cash. In some cases you can get your money within 1 business day.
• Poor credit accepted. Even if you have bad or poor credit, you can apply. Borrowers with a credit score as low as 500 are considered for NetCredit Personal Loans.
• 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

What rates and terms does NetCredit Personal Loans offer?

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

What fees does NetCredit Personal Loans charge?

What do you need to qualify for NetCredit Personal Loans?

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

What is the estimated funding time for a personal loan via NetCredit Personal Loans?

NetCredit Personal Loans will typically approve (or deny) a loan application within 48 hours and fund personal loans within 3 business days of approval.

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

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 can help improve your credit.