
NetCredit Personal Loans
Would you recommend NetCredit Personal Loans to your friends?
Community Rating | Mostly not recommended |
APR (Fixed APR) |
34% - 155% (Verified 08/04/2023)
|
Loan Amount | $1,000 - $10,000 |
Loan Term (Months) | 6 - 60 months |
Number of Reviews | 58 |
NetCredit Personal Loans Review
NetCredit Personal Loans is offered by Enova International, a direct lender founded in 2009 and based in Chicago, IL. NetCredit are available in 32 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. If approved, you can sometimes 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.
- No origination fee. NetCredit Personal Loans does not charge a loan origination fee.
- Short loan terms. NetCredit Personal Loans have loan terms as short as 6 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 |
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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?
Personal loan amounts start at $1,000and 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.
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 does not charge a personal loan origination fee.
A personal loan origination fee is what some lenders charge for processing, underwriting, and funding a personal loan. Typically origination fees range from 0.5% to 5% of the personal loan amount. Whenever possible, go with lenders that don’t charge origination fees.
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.
Origination Fee | No |
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 and permanent resident / green card holders are eligible to apply for the services offered by NetCredit Personal Loans.
To qualify, applicants may need to provide the following documentation:
- Applicants must have an active and valid personal checking account
- Proof of income
Minimum Age | 18 |
Bank Account Required? | Yes |
Application Types Accepted |
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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.
Are NetCredit Personal Loans legit?
Enova International was founded in 2009, it is a well-established company that has been in business for 14 years. NetCredit Personal Loans are mostly not recommended by SuperMoney community users.
Message From NetCredit
Message From Our Editor
Contact
- Headquarters
-
175 W. Jackson Blvd.
Suite 1000
Chicago, IL 60604 USA - Visit Site
- Email Support
Other Services by Enova International
Other Personal Loans by Enova International
Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Indiana
- Kansas
- Kentucky
- Louisiana
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- New Jersey
- Ohio
- Oklahoma
- Oregon
- Rhode Island
- South Carolina
- Tennessee
- Texas
- Utah
- Virginia
- Washington
- Wisconsin
- Wyoming
Feature Breakdown
Late Fee Amount | $15 - $25 |
Late Fee Grace Period | 10 days |
No Origination Fee | |
No Prepayment Fee |
(Verified 06/05/2023) |
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