Item: NetCredit
Rating: 3.3
Author: Jackie Veling

3.3

NerdWallet rating

4.3

Borrower rating (80)

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3.3

NerdWallet rating

4.3

Borrower rating (80)

Est. APR

34.00 - 99.99%

Min. credit score

None

Time to fund

2 days

Loan amount

$1K - $10K

Loan term

6 months to 5 years

Best if you

Need a small loan you plan to repay fast.
Would use this loan to avoid a higher-interest payday loan.
Have no other options for quick cash.

Not Ideal if you

Want an affordable monthly payment.
Need to borrow more than $10,000.
Plan to apply for a joint, co-signed or secured loan.

What to know about NetCredit personal loans

NetCredit personal loans are available in 38 states and are best used as a last resort. Its annual percentage rates (APR) are as high as 99.99% in some states, which makes these loans extremely difficult to repay. I recommend avoiding any personal loan with an APR above 36%.

Also NetCredit doesn’t help you qualify for a lower rate, whereas several other lenders do so if you add a co-signer or secure the loan with collateral.

That being said, NetCredit does accept borrowers with bad credit and no credit history, and it can typically fund loans the day you apply. If you have bad credit, and you need money ASAP, NetCredit is a better option than a payday loan. You’ll have more time to pay back what you borrowed, and unlike a payday lender, NetCredit won’t charge any fees if you fall behind.

COMPARE: Best personal loan lenders

Regulatory action involving NetCredit

Another reason to be wary: In November 2023, the Consumer Financial Protection Bureau (CFPB) issued a $15 million fine against NetCredit’s parent company, Enova International, Inc. The company allegedly withdrew funds from customers’ bank accounts without authorization and violated a related CFPB order from 2019. Following substantial changes within the CFPB, the bureau terminated its 2023 order against Enova International on Sept. 2, 2025, and “waived any alleged non-compliance.”

What we do like about NetCredit personal loans

Accepts borrowers with bad or no credit: Unlike many lenders, NetCredit has no minimum credit score or credit history requirement. That means having bad credit (a 629 score or lower) or thin credit history may not prevent you from getting this loan. Compare our picks for the best bad-credit loans.
No fees: NetCredit doesn’t charge fees, so you won’t be charged for missed payments or for paying off the loan early. There’s also no origination fee. Origination fees are especially common with online lenders and add significant costs to the loan, ranging from 1% to 10% of the loan amount.
Offers shorter repayment terms: While most lenders have repayment terms starting at two years, NetCredit’s terms start at six months. This is ideal, since the shorter the term, the less interest you’ll pay. Make sure you can afford the payment, though — a shorter term also means a higher monthly amount.

Why NetCredit may not be right for you

Rates are high: NetCredit’s maximum APR is nearly 100%, and unlike several other lenders, it doesn’t offer rate discounts to help lower costs. With these high rates, you may end up paying more than half of what you borrowed in interest alone. For example, a $5,000 loan repaid over two years at 60% APR would cost $3,697 in interest.
Reports payments to only two of the three major credit bureaus: NetCredit reports payments to Experian and TransUnion but not Equifax. This means if you make on-time payments toward a NetCredit loan, and future lenders only pull your Equifax report, they won’t see your positive payment history. Most lenders report payments to all three bureaus.
Does not offer large loans: NetCredit doesn’t offer loans above $10,000, which is not ideal if you need to finance a more expensive home repair or a larger emergency cost.

How much does a NetCredit loan cost?

The total cost of your NetCredit loan depends on the amount borrowed, annual percentage rate and loan term. Here is an example of how different rates affect the costs of a $5,000 loan with a three-year term. NetCredit didn’t disclose the APR range for its typical borrower, so these examples are based on its general APR range.

APR	40%.	90%.
Monthly payment	$241.	$405.
Total interest cost	$3,660.	$9,579.
Total loan cost	$8,660.	$14,579.

» MORE: Use our personal loan calculator to estimate your costs

Do you qualify for a NetCredit personal loan?

Since NetCredit has no minimum credit score or credit history requirement, you can likely qualify for this loan.

NetCredit offers pre-qualification, so you can check eligibility with no risk to your credit score. Once you formally apply, you’ll undergo a hard credit check, which temporarily knocks a few points off your score.

NetCredit doesn’t provide loans to residents of Colorado, Connecticut, Maine, Maryland, Massachusetts, New Hampshire, New York, Oregon, Pennsylvania, Vermont, Washington, West Virginia and Washington, D.C.

NetCredit's borrowing requirements

Minimum credit score: None.
Minimum annual income: $18,000.
Maximum debt-to-income ratio: None.
Minimum credit history: None.
Must be a U.S. citizen.
Must provide a Social Security number, valid email address and valid U.S. bank account.

» MORE: How to get a personal loan

Frequently asked questions

Q: How fast can I get a NetCredit loan?

A: NetCredit can approve or deny applications instantly. If you’re approved before 11 a.m. CST on a weekday, it can send the funds that same day.

Q: What can you use a NetCredit personal loan for?

A: You can use a NetCredit loan for almost any purpose. NetCredit says most of its customers use its loan to consolidate debt, pay for an emergency expense or help fund a major life event, like a wedding.

Q: Can you change your payment due date with NetCredit?

A: Yes, you can change your payment due date, but you’ll need to show that your pay schedule changed. You can also choose your payment due date when you first apply for the loan.

How does NetCredit compare?

Personal loans comparison

NerdWallet Borrower (129)	NerdWallet Borrower (89)	NerdWallet Borrower (44)	NerdWallet Borrower (14)
Est. APRFrom 6.99% to 35.49%	Est. APRFrom 6.53% to 35.99%	Est. APRFrom 7.24% to 24.89%	Est. APRFrom 7.74% to 35.99%
Loan amountFrom $5,000 to $100,000	Loan amountFrom $1,000 to $75,000	Loan amountFrom $5,000 to $100,000	Loan amountFrom $1,000 to $50,000
Min. credit scoreNaN Get My Rate	Min. credit score600 Get My Rate	Min. credit score660 Get My Rate	Min. credit score600 Get My Rate

How we rated this lender

NerdWallet’s editorial team rates lenders using a rubric with five weighted categories and 29 subcategories. Here are the factors we prioritized, plus why this lender received each score.

Overall rating

3.3/5

Affordability25% of rating

0.6/5

NetCredit has much higher rates than competitors, and it doesn’t offer any rate discounts.

Our Method: We review lenders’ rates and fees, plus any opportunities for rate discounts.

Customer experience20% of rating

4.2/5

You can reach NetCredit seven days a week. You can also choose and change your payment date.

Our Method: We look at factors such as customer service availability, monthly payment flexibility and whether the lender reports on-time payments to major credit bureaus.

Loan flexibility20% of rating

3.4/5

The lender only offers single-applicant unsecured loans. It doesn't offer large loan amounts.

Our Method: We assess loan amount and term ranges and whether lenders offer multiple loan types or direct payment to creditors on debt consolidation loans.

Underwriting and eligibility20% of rating

4.5/5

NetCredit lets you pre-qualify with a soft credit check. It also lends in most states.

Our Method: We consider how widely available and accessible the loans are and how lenders review applicants’ credit.

Application process15% of rating

5.0/5

NetCredit offers instant loan approvals and same-day funding. Its website also clearly explains the loan to potential borrowers.

Our Method: We evaluate loan approval and funding times and the lender’s transparency throughout the application process.

Read more about our ratings methodologies for personal loans.