NetCredit Personal LoansClaimed
in Personal Loans from Enova International
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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 34 states (and Washington, DC).
- 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%. 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 Personal Loans Pros and Cons:
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 APR rate does NetCredit Personal Loans offer?
NetCredit Personal Loans 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.
How much can you borrow via NetCredit Personal Loans?
Loan amounts start at $1,000 and go up to $10,000.
What can a personal loan from NetCredit Personal Loans be used for?
Personal loans from NetCredit Personal Loans are typically used for special purchases, debt consolidation, home improvement projects, medical expenses & procedures, unexpected expenses or similar purposes.
What is the maximum loan term you can get with NetCredit Personal Loans?
NetCredit Personal Loans 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.
|Loan Amount||$1000 - $10000|
|Loan Term||6 - 60 months|
|APR||34% - 155%|
What fees does NetCredit Personal Loans charge?
Does NetCredit Personal Loans charge an origination fee?
NetCredit Personal Loans may charge a loan origination fee of 5% of the loan amount (origination fees and requirements vary by state). NetCredit Personal Loans 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 Personal Loans charge a late fee?
Yes, NetCredit Personal Loans may charge borrowers a late payment fee of up to $25, which is triggered if you're 10 days late.
Does NetCredit Personal Loans charge prepayment fees?
No, NetCredit Personal Loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.
|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 are 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 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. 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 checking account
- Proof of income
|Bank Account Required?||Yes|
|Application Types Accepted||
|Credit Score||500 - 700|
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:
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 score.
- Washington, DC
- New Jersey
- New Mexico
- North Dakota
- Rhode Island
- South Dakota
|No Prepayment Fee|
|Late Fee After||10 days|
|Late Fee Amount||$15 - $25|
|Origination Fee (%)||5%|
|Checking Account Required|
|Employment Statuses Considered||
|Immigration Status Considered||
|Joint Loan Applications Accepted||Individual Applications|
|Minimum Annual Income||$20,000|
|Supported Income Types||
|Verification Documents Required||Proof of Income|
|Credit Score Range||
500 - 700
|Approval Speed||48 hours|
|Credit Bureau Reporting||
|Customizable Payment Dates|
|Funding Time Range||1 - 3 days|
|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
Enova International Personal Loans