
NetCredit Personal Loans
Would you recommend NetCredit Personal Loans to your friends?
Community Rating | Mostly not recommended |
APR | 34% - 155% |
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, founded in 2009 and based in Chicago, IL. NetCredit Personal Loans is available in 35 states across the USA.
- 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%. This is average for lenders that charge origination fees. However, plenty of lenders don't charge them.
- 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
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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 personal loan product that ranges from 34% APR up to 155% APR.
How much can you borrow via NetCredit?
Business 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.
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. NetCredit deducts the origination fee directly from your personal loan amount, 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.
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.
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. APRs for the NetCredit Personal Loans product fall outside of the MLA limits, and as a result, the product cannot be issued to these applicants. Active duty service members and their covered dependents are considered “covered borrowers" under the Military Lending Act.
To qualify, applicants may need to provide the following documentation:
- Applicants must have an active and valid personal checking account
Minimum Age | 18 |
Bank Account Required? | Yes |
Application Types Accepted | |
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:
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.
Is NetCredit a legit company?
NetCredit was founded in 2009, it is a well-established company that has been in business for 13 years. NetCredit Personal Loans are mostly not recommended by SuperMoney community users.
Message From Enova International
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
Availability
- Alaska
- Alabama
- Arkansas
- Arizona
- 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
- Virginia
- Washington
- Wisconsin
- Wyoming
Feature Breakdown
No Prepayment Fee | |
Late Fee Amount | $15 - $25 |
Late Fee Grace Period | 10 days |
Origination Fee (%) | 5% |
NetCredit Personal Loans Community Reviews
Would you recommend NetCredit Personal Loans to your friends?
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