NetCredit does verify income for personal loan applicants to confirm that people can repay what they borrow, but it does not disclose a minimum income requirement. You also have to meet other NetCredit requirements to be considered, such as be at least 18 years old and be a US citizen or permanent resident. You have a good chance of getting approved if you meet all of these requirements.
NetCredit Personal Loan Requirements
Be at least 18 years old
Be a US citizen or permanent resident
Must have a Social Security number
Must live in one of the 36 states where netcredit operates
If you want a better idea of what personal loans you may qualify for with your income, you can use WalletHub’s free pre-qualification tool.
NetCredit does not do a hard inquiry into your credit history when you apply for a loan. Even though there’s no credit check, that does not guarantee approval, as NetCredit considers factors such as income, debt load, age, residency and more.
NetCredit typically caters to people with bad or no credit. However, loans from NetCredit are usually much more expensive than those from NetCredits that do hard inquires. … read full answer
To see your approval odds and what rates may apply to you, check out the free pre-qualification tool on WalletHub.
To apply for a NetCredit personal loan, first check for pre-qualification and then enter your personal and financial information on the online application. Next, verify the accuracy of the information, submit the application and wait to receive a decision.
How to Apply for a NetCredit Personal Loan
Check for pre-qualification.… read full answer Pre-qualification is a way to check your approval odds and potential rates before applying for a NetCredit personal loan. It doesn’t hurt your credit. You can check for pre-qualification on the NetCredit website.
Enter your personal information on the application. NetCredit requires the following personal information on the application: your full name, email address, date of birth, phone number, home address, housing situation and Social Security number.
Enter your financial information on the application. NetCredit requires the following financial information on the application: proof of income and an active checking account.
Double check the application for accuracy. To ensure that your NetCredit personal loan application gets processed as quickly as possible, make sure that all the information is correct and complete before you submit it.
Submit your application. NetCredit will typically provide a decision on your application within 1 to 3 business days for both approval and funding.
If you are approved for a NetCredit personal loan, you will generally receive the funds within 1 to 3 business days for both approval and funding after approval. After that, it’s your responsibility to make monthly payments until you have fully paid back your loan, including interest.
No, NetCredit does not allow cosigners on personal loans, unlike some personal loan providers. A cosigner is a second person who serves as a guarantor on the loan, and thus promises to pay the loan back if the primary applicant cannot.
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