Grace Enfield, Content Writer
@grace_enfield
Yes, you can pay off NetCredit loans early, and it is a smart idea to do so because it will save you money on interest. NetCredit does not charge a prepayment penalty, meaning that you will not be charged extra if you pay off the loan sooner than you’re required to.
Example of How Much You Can Save By Paying Off a NetCredit Personal Loan Early
- Situation: A $7,000 loan with a repayment period of 4 years, an APR of 40% and an origination fee of 3%.
- Normal Payments: You will spend approximately $7,128 on interest.
- Early Pay Off: If you pay off the loan in 3 years, you will save about $2,004 on interest.
To estimate the cost of your NetCredit personal loan with different repayment schedules, check out WalletHub’s free personal loan calculator.
People also ask
Is it difficult to get a NetCredit personal loan?
It is not difficult to get a personal loan from NetCredit because they are known to lend to people with bad credit scores, though they do not disclose an exact minimum score. Other NetCredit personal loan requirements include being at least 18 years old, having an SSN, and having enough income to afford monthly loan payments.
NetCredit Personal Loan Requirement
- Age: 18+ years old
- Residency: U.S. citizen or permanent resident
- ...
Does NetCredit verify income for personal loan applications?
NetCredit may verify your income by requesting tax returns or recent paystubs after you apply for a loan. You also have to meet other NetCredit requirements to be considered, such as being at least 18 years old and being a US citizen or permanent resident.
NetCredit Personal Loan Requirements
- Be at least 18 years old
- Be a US citizen or permanent resident
- Must have a Social Security number
- Must...
What credit score do you need for a NetCredit personal loan?
NetCredit does not disclose a specific credit score needed to get a personal loan, unlike many personal loan providers. When evaluating your application, NetCredit will consider your entire financial profile, including your income and existing debts, as well as your credit history.
NetCredit Credit Score Requirement & Loan Terms
| Category | Requirements and Terms |
| Minimum Credit Score | Not disclosed |
| Loan Amount | $1,000 - $10,000 |
| Repayment Period | 6 - 60 months |
| Funding Timeline | As soon as the next business day |
Did we answer your question?
Important Disclosures
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers. For full transparency, here is a list of our current advertisers.
Advertising impacts how and where offers appear on this site (including, for example, the order in which they appear and their prevalence). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.
Advertising enables WalletHub to provide you proprietary tools, services, and content at no charge. Advertising does not impact WalletHub's editorial content including our best picks, reviews, ratings and opinions. Those are completely independent and not provided, commissioned, or endorsed by any company, as our editors follow a strict editorial policy.