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NetCredit Personal Loans Review 2022

Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our partners, however, our opinions are our own. Terms apply to offers listed on this page.

NetCredit personal loans


Late fees, origination fees depend on your state

Regular APR

34% to 155%, depending on your state


Late fees, origination fees depend on your state

Regular APR

34% to 155%, depending on your state


  • Low minimum loan amount
  • Quick funding


  • Low maximum loan amount
  • Significantly high APRs
  • Not available in every state
  • Late fees
  • Origination fees

More Information

  • Loan amounts between $500 to $10,000, or up to $10,500 in CA
  • Loan term lengths between six and 60 months
  • Loans unavailable in CO, CT, DC, IA, MA, MD, ME, NV, NH, NY, NC, PA, VT, and WV
  • Customer service available via email and phone

Pros and cons of NetCredit personal loans

Who is NetCredit best for?

NetCredit is best for borrowers who want to get a small amount of money quickly and have poor credit. NetCredit does not have a minimum credit score requirement and states on its website that it considers borrowers with bad credit.

Payments on your personal loan will be reported to TransUnion and Experian, which may help you build your credit score if you reliably pay on time.

How NetCredit personal loans compare

NetCredit, Fig Loans, and OppLoans are slighly lower-cost alternatives to payday loans, many of which have interest rates around 400%. However, you’ll still pay a much higher interest rate with these three than you would with a traditional personal loan lender.

OppLoans’ terms range from nine months to 24 months, depending on the state you live in. Fig has term lengths ranging from one to six months, depending on where you live. NetCredit has the widest range of loan terms, from six to 60 months.

None of the three companies have a minimum credit score to qualify so they could be a good option for borrowers who have been denied by other companies due to a poor credit history.

Compare personal loan rates

Is NetCredit trustworthy?

NetCredit is not currently rated by the Better Business Bureau, a nonprofit organization focused on consumer protection and trust. The BBB evaluates companies by looking at their responses to customer complaints, honesty in advertising, and transparency in business practices.

The BBB is investigating a pattern of complaints before it issues a rating. Customers have complained that the business approved them for loans they did not apply for and performed credit checks on them without them applying for loans. The customers also say they’ve been unable to reach customer service.

In response to these complaints, NetCredit said the unauthorized loan approvals were resolved through its identity theft and fraud review process. NetCredit pointed to short staffing as a reason for slow customer support times and said it is engaged in “aggressive recruiting and hiring” to solve the problem.

NetCredit has not been involved in any recent controversies.

You may not feel comfortable borrowing from NetCredit given its history with customer complaints — but make sure to reach out to friends and family who may have borrowed from the lender to get a more complete picture of its services.

Frequently asked questions

Is NetCredit a legitimate business?

Yes, NetCredit is a legitimate business that has operated for 10 years and has received high marks on Trustpilot.

How long does NetCredit take to fund a loan?

NetCredit will usually send you money the next business day after your application is approved. In some instances when you submit your application before 7 pm Central Time, the lender will send your cash the day your application is approved.

Does NetCredit do a hard inquiry?

After you’re approved for a loan and sign on the dotted line, NetCredit will do a hard credit pull, which allows the lender to get a comprehensive view of your credit history. This may have a negative impact on your credit score initially. But as long as you make on-time, reliable payments, your score should improve in the long term.

How much interest does NetCredit charge?

NetCredit charges between 34% and 155% APR on its loans. Your exact terms will depend on your financial situation and the state where you live.

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