Compare Personal Loan Rates from WalletHub Partners
Excellent Credit
Excellent Credit
Good Credit
Fair Credit
Bad Credit
No Credit/Limited History
$500
$500
$1,000
$3,000
$5,000
$10,000
$25,000
NetCredit Reviews
The WalletHub rating is comprised of reviews from both WalletHub users and ratings on other reputable websites. The rating was last updated on 06/05/2023.
NetCredit has much smaller loans than most personal loan providers, offering just $500 - $10,500. Most other lenders offer maximum loan amounts of at least $25,000. NetCredit’s APRs are also much higher than average. Its minimum APR is 0% – almost as costly as many lenders’ highest rates. And its maximum APR, at 0%, is much higher than the 36% cap used by the vast majority of personal loan providers.
NetCredit only operates in 36 states, as well. While NetCredit offers quick approval and considers applicants with bad credit, there are plenty of cheaper alternatives to consider.
NetCredit Personal Loan Review Highlights:
NetCredit interest rate: 34% - 155% (varies by state)
Loan size: $500 - $10,500
Funding timeline: 1 business day
Origination fee: 1% - 5% (varies by state)
Late fee: $10 - $15 (varies by state)
Payoff period: 6 - 60 months (varies by state)
Joint applications/co-signers: Not allowed
How to pre-qualify: Fill in your information on NetCredit’s website.
NetCredit requirements: 18+ years old, U.S. citizen or permanent resident, SSN.
On top of being extremely expensive, NetCredit personal loans have very limited availability and don’t offer much funding. Below, you can see how WalletHub rates these loans in our three major categories: Terms, Requirements & Application, and Reviews & Transparency.
NetCredit Ratings by Category:
Category
Editor’s Rating
Terms
1.7/5
Requirements & Application
3.5/5
Reviews & Transparency
4.5/5
Overall Score
9.7/15
These scores reflect how close a loan offer is to WalletHub’s definition of a 5-star loan. For more information, please read WalletHub’s full methodology.
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NetCredit
Adam @adambayless25
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1 Star Rating
Verified Customer
They are a trash company who preys on the unfortunate by charging insane interest rates. It should be criminally charged by doing these type loans
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Product: NetCredit Personal Loans
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NetCredit
jbernalson16 @jbernalson16
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1 Star Rating
do not take any loan from netcredit trust me you will be in long term debt no matter how much you trying to recover. you will be making high payment every months and pay 3x of what you borrowed
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Product: NetCredit Personal Loans
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NetCredit
Roxanne @adriaens02
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1 Star Rating
They said I was approved and had me fax my bank statements (because I could not link NetCredit to my bank for some reason) So I faxed 3 months of statements and they received them. Then they tell me I was denied because I did not verify my income which SHOWED my direct deposits on the statements. They decided they wanted me to link them to my bank acct instead which I told them I was having trouble with that and that's why I faxed bank statements to them. The company is a joke. They do not answer the phone when you try call them. If you want to get fast money try Elastic cash. I have been with them for about 2 years. They give you a good line of credit. They have money in your acct next day. I have had no problems at all with them. I give them a 5 star. Interest is kinda high and they have a fee but you do not have to deal with idiots at NetCredit and have them pull your credit for no reason.
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Product: NetCredit Personal Loans
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Adam @adambayless25
You’re better off, this company is a joke
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NetCredit
coenhenry @coenhenry
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1 Star Rating
Do not give them your banking account info, they will not delete it if you are denied a line of credit, They say it's legal for them to keep your bank account info when you tell them too delete it. This place is a scam they tell you your approved just to take a hard pull on your credit to deny you!!!
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Product: NetCredit Personal Loans
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NetCredit
Joseph @jojo12_29_21
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4 Star Rating
Netcredit is not to hard to get a loan through is good for fair and bad credit. But the intrest rates are extreme. From 36%-155% is there rates.
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NetCredit
Glorionna Cheatham @glory23
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1 Star Rating
When applying I qualified then later denied due to not being able to verify my identity. Totally understandable. Now the terrible thing is, after asking what I needed to submitted or do to complete the verification NO ONE was able to tell me, we were just guessing adding and removing stuff. I didn’t have a credit freeze or anything. I verified all personal info, bank details, even employment. Even submitted my ID front and back, another agent added my middle name to the account and was still denied. A hard pull on my credit for nothing. It was a complete headache and run around. Others my not have this issue but for me it’s a NO.
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Product: NetCredit Personal Loans
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IAm WhoIAm @carmonarhc
You dodged a bullet, trust me. They are thieves.
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NetCredit
IAm WhoIAm @carmonarhc
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1 Star Rating
Stay away unless u wanna pay over 100% interest. If your minimum payment is $116, they will take $80 for themselves leaving u with a payment of $36 towards your loan. So twice a month you pay $236 and they take $160 and you only paid $72 towards your loan. Out of $236 only $72 went towards your loan?....yup... They rip you off. They take advantage of people in need.
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Product: NetCredit Personal Loans
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jbernalson16 @jbernalson16
absolute ripping people off that's in need of loan
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NetCredit
lightbrown_brown @lightbrown_brown
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1 Star Rating
Please don’t waste your time!!! First they are taking monies back twice in one month. Then I only had to pay back $105. I called to see if I could pay next week due to me becoming ill. They told me no. I’ve never been late, missed a payment, and I’ve been with this company for a year. I would tell anyone who’s thinking about going to them don’t.
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Product: NetCredit Personal Loans
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NetCredit
Deidre @dchisley2428
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5 Star Rating
Pretty good business that offers great options that suit everyone’s needs. Will definitely recommend to others and will use if needed for future purposes.
NetCredit's requirements include being at least 18 years old, having enough income or assets to make the monthly payments and having a Social Security number. You will also need to have a verifiable bank account to qualify for a NetCredit personal loan.
NetCredit Requirements for Borrowers
Credit Score: Not disclosed, but does consider bad credit
Income: Not disclosed
Age: 18+
Citizenship: Not disclosed
Identification: Social Security number
Bank Account: Verifiable bank account
Residency: Live in one of the 14 states where NetCredit operates
Before you apply for any personal loan, it's a good idea to pre-qualify. While meeting all of the requirements gives you a good chance of approval, it's never guaranteed. To pre-qualify with multiple lenders at once, check out WalletHub's free pre-qualification tool.
Yes, NetCredit is legit. NetCredit offers personal loans with funding as quick as the same business day, even for people with bad credit, and they do a soft pull that doesn't hurt your credit when you check your eligibility for a NetCredit loan. Plus, NetCredit is registered to do business in the states it services, which is a legal requirement to be a legitimate lender.
Still, you should note that NetCredit personal loans aren't "legit" if you use that word as a synonym for "good." NetCredit personal loans are very expensive, charging an APR of 36% - 65% (varies by state). There is also an origination fee of 1% - 5% (varies by state).
Your NetCredit approval odds are good if you have a low debt-to-income ratio and meet NetCredit's requirements to get a loan. Some requirements include being at least 18 years old, having enough income to make monthly payments and having at least bad credit. If you meet all the requirements, your approval odds are high, but approval is never guaranteed.
What You Need for Good NetCredit Approval Odds
Credit Score Requirement: Not disclosed, but does consider bad credit
Age: 18+
Identification: Social Security number
Bank Account: Verifiable bank account
Residency: Live in one of the 14 states where NetCredit operates
Citizenship: U.S. citizen or permanent resident
Income: Not disclosed
Before applying for any personal loan, it's a good idea to check to see if you pre-qualify in order to estimate your approval odds. You can use WalletHub's free pre-qualification tool to check with multiple lenders at once.
Yes, NetCredit may call your employer after you provide their contact information and give permission for the call during the application process. NetCredit will not disclose any information when they contact your employer, since they are just inquiring about your employment status.
You will know if NetCredit approved you for a personal loan because you will receive an application decision via email. NetCredit may approve you as soon as the same day you apply, or 1 business day, and you can check your loan status online in the meantime.
If you get approved, you should receive the funds 1 business day. Just keep in mind that approval for a NetCredit loan is never guaranteed.
Key Information About NetCredit Personal Loans
Approval Timeline: 1 business day
Approval Notification Method: Email
Funding Timeline: 1 business day
How to Check Application Status: Online
APRs: 34% - 155% (varies by state)
Loan Amounts: $500 - $10,500
Repayment Periods: 6 - 60 months (varies by state)
Origination Fee: 1% - 5% (varies by state)
Credit Score Requirement: Not disclosed, but does consider bad credit
