Grace Enfield, Content Writer
@grace_enfield
NetCredit is a personal loan provider that offers $1,000 - $10,000 in funding, APRs of 34% - 99.99% (depending on your creditworthiness), and repayment periods of 6 - 60 months. NetCredit does not require you to have a credit score to qualify.
Key Facts About NetCredit Loans
- Loan Amounts: $1,000 - $10,000
- APRs: 34% - 99.99%
- Repayment Periods: 6 - 60 months
- Funding Timeline: 1 - 3 business days after approval
- Origination Fee: $0
- Late Fee: $0
- Credit Score Requirement: Not disclosed, but does consider bad credit
- Income Requirement: Not disclosed
- Residency Requirement: Live in one of the 14 states where NetCredit operates
For more information, check out the full NetCredit personal loan review on WalletHub.
People also ask
Can you pay off a NetCredit loan early?
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...
Does NetCredit Do a Hard Inquiry?
Yes, NetCredit does a hard inquiry when you accept a loan offer and sign the contract. This credit inquiry will likely drop your credit score by about 5 to 10 points, but you’ll be able to get back on track with a few months of on-time payments.
NetCredit’s hard pull will stay on your credit report for two years, but it won’t affect your credit after one year, and the impact may subside before then. To see...
read full answer by Gino Rodriguez, WriterWhat bank does NetCredit use?
NetCredit uses Republic Bank & Trust Company to originate personal loans. The bank will fund loans of $1,000 - $10,000 with APRs of 34% - 99.99% and an origination fee of $0, depending on your overall creditworthiness when you apply. You can qualify for a personal loan with NetCredit even if you have bad credit, and you will have 6 - 60 months to repay the loan. Payments are made to Republic Bank & Trust Company, and NetCredit also services the loan.
Key Things to Know About NetCredit Personal...
read full answer by Grace Enfield, Content WriterDid we answer your question?
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