Our take: NetCredit is a legitimate online lender, but given its high interest rates, we recommend considering the best personal loan lenders, including options for all credit scores.
Personal Loans
- Soft credit check
- No origination fee
- Quick approval
- Fast funding
- Flexible criteria
- Online application
- High APRs
- Not available in every state
- Lower loan limits
- Additional fees
- Debt cycle trap
| Fixed rates (APR) | 34% – 99% |
| Loan amounts | $1,000 – $10,000 |
| Term lengths | Vary by state |
| Min. credit score | No minimum specified; poor credit accepted |
Although adulting has its perks (snacks whenever you want, for example), some other aspects of adulthood aren’t enjoyable, like unexpected expenses, car repairs, health issues, and more. When those things happen, it can be helpful to take out a personal loan to cover them. However, for borrowers with less-than-perfect credit, the options may feel limited.
NetCredit is a lender with flexible requirements that helps borrowers with low credit scores get personal loans up to $10,000. The drawbacks of NetCredit, however, are that it’s not available in every state and can have sky-high interest rates. Here’s what you need to know about NetCredit, including several alternatives to consider.
About NetCredit
NetCredit is a fully online lender designed to accommodate borrowers with low to fair credit scores—folks who might find it challenging to be approved for a personal loan with other lenders.
However, because NetCredit caters to borrowers with lower credit scores, interest rates can be as high as 99%. That means the amount borrowers repay can be much higher than what they borrowed; in some cases, it can be nearly double the amount.
What borrowers like about NetCredit, though, is its fast funding. When you need a loan due to an emergency, you can access money quickly.
Who owns NetCredit?
Enova, a publicly traded company on the New York Stock Exchange, owns NetCredit. Enova is a financial services company based in Chicago. It owns several other financial brands under its umbrella, including CashNetUSA, Simplic, and Pangea.
Recently, Enova shared plans to acquire Grasshopper Bank in 2026. However, several institutions oppose the Grasshopper Bank merger, citing Enova’s history of noncompliance, high interest rates, and consumer complaints. Ultimately, Enova is a legitimate company, but it faces reputation challenges due to the high interest rates it charges.
How do NetCredit personal loans work?
Here is an explanation of how NetCredit personal loans work.
Check your eligibility
The first step to getting a loan with NetCredit is to check your eligibility, which you can do without hurting your credit. NetCredit will conduct a soft pull on your credit report and let you know whether it can offer you a loan.
If you’re interested in seeing all your lending options, we recommend using a marketplace (Credible is our favorite), where you can compare multiple lenders and offers at once rather than reviewing a single decision from a single lender.
Online personal loans
Like many other lenders, NetCredit has a fully online application process. Potential customers can apply from the comfort of their homes and upload any necessary forms online. The drawback is that you’ll only get preapproved at NetCredit and won’t be able to compare it with other lenders.
That’s why Credible may be a better option to start: You can see which lenders may approve you and get an idea of the interest rates they offer.
Up to $10,000
NetCredit customers can borrow from $1,000 to $10,000, so it’s best if you need to cover smaller expenses, like unexpected home repairs or an emergency surgery for a pet. If you’re interested in a larger loan (to consolidate other debt, for example), consider Upgrade or Upstart, which offer loans up to $50,000 and $75,000, respectively.
Pros and cons
Here are some benefits and drawbacks of taking out a personal loan with NetCredit.
Pros
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Soft credit check
NetCredit only conducts a soft credit check to determine your eligibility.
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No origination fee
Although NetCredit has high interest rates, it does not charge origination fees.
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Quick approval
Get approved within one to two days.
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Fast funding
Many customers report receiving funds quickly, sometimes within 24 hours.
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Flexible criteria
NetCredit helps borrowers with poor or fair credit get funding options.
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Online application
You can apply for a NetCredit loan fully online and upload the necessary documents.
Cons
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High APRs
The biggest drawback to NetCredit is the high interest rates.
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Inconsistent availability
NetCredit is not available in every state.
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Lower loan limits
Applicants can only borrow up to $10,000 with a NetCredit personal loan.
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Additional fees
If customers choose a line of credit rather than a personal loan, statement balance and cash advance fees apply.
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Debt cycle trap
The high interest rates could trap customers in a cycle of debt.
Customer reviews
NetCredit earns mixed customer reviews. It rates well on Trustpilot, earning 4.8 out of 5 stars from nearly 32,000 reviews (in March 2026). Trustpilot reviews mention the fast application and quick funding times. Several praised the customer service team and mentioned receiving funds in 24 hours.
We found several Reddit threads about NetCredit, too, including this one:
Many users report high APRs, including one loan at 64% and another at 99%.
Another Redditor, who had an 82% interest rate on a NetCredit line of credit, said NetCredit charged them an additional statement balance fee of $75 every two weeks.
Potential NetCredit customers should review fees and interest rates before signing up to understand their impact on monthly payments and the debt payoff timeline.
Contact NetCredit
Here are the ways you can contact NetCredit:
Phone
- Customer Support: 877-392-2014
- Collections: 877-392-2016
- Customer Support: [email protected]
- Loan Processing: [email protected]
- Collections: [email protected]
- General Comments: [email protected]
Address
- NetCredit, P.O. Box 206766, Dallas, TX 75320-6766
Alternatives
NetCredit is not your only option for personal loans. Here are our picks for the best alternatives.
NetCredit vs. Credible
Credible, unlike NetCredit, is an online marketplace that allows you to compare multiple loan offers before choosing a lender. The lenders on Credible offer both variable-rate loans and fixed-rate loans.
Credible is better than NetCredit, in our opinion, because it lets you explore multiple options at potentially lower rates. With NetCredit, you’ll only get preapproval from one lender.
NetCredit vs. Upgrade
Upgrade offers personal loans to borrowers who have fair credit. We think Upgrade is a better option for most borrowers, especially if you need to consolidate a larger amount of debt. NetCredit only offers personal loans up to $10,000.
Upgrade charges a 1.85% to 9.99% origination fee, and rates can be as high as 35.99. NetCredit, on the other hand, doesn’t charge an origination fee, but interest rates can be as high as 99%.
NetCredit vs. Upstart
Upstart approves more applicants than traditional lenders because it uses AI to evaluate applicants based on 2,500-plus data points. This is helpful if you have a limited credit history but a stable work history.
Upstart does charge origination fees of up to 12%, and interest rates can be as high as 35.99%. NetCredit doesn’t charge origination fees, but its interest rates can be much higher than Upstart’s APRs. We think Upstart is a better fit for virtually all borrowers.
How to apply
If you’ve decided to move forward with NetCredit, you can check your eligibility without affecting your FICO score.
How we rated NetCredit
We designed LendEDU’s editorial rating system to help readers find companies that offer the best personal loans. Our system awards higher ratings to companies with affordable solutions, positive customer reviews, and online transparency of benefits and terms.
We compared NetCredit to several personal loan lenders, using hundreds of data points from company websites, public disclosures, customer reviews, and direct communication with company representatives. We weighted, scored, and combined each factor to produce a final editorial rating. This rating is expressed on a scale from 1 to 5, with 5 being the highest possible score. Our take is represented in our rating, recapped below.
| Company | Rating (0-5) | |
|---|---|---|
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Article sources
At LendEDU, our writers and editors rely on primary sources, such as government data and websites, industry reports and whitepapers, and interviews with experts and company representatives. We also reference reputable company websites and research from established publishers. This approach allows us to produce content that is accurate, unbiased, and supported by reliable evidence. Read more about our editorial standards.
- Enova, News & Media: Enova Announces Definitive Agreement to Acquire Grasshopper Bank
- Woodstock Institute, Comment Letter Opposing Enova International’s Application to Become a Bank Holding Company and Acquire Grasshopper Bank
- Trustpilot, NetCredit
- NetCredit, Frequently Asked Questions
- Reddit, Avoid NetCredit Line of Credit
- Reddit, Anyone Have Experience With NetCredit?
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About our contributors
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Written by Catherine CollinsCatherine Collins is a personal finance writer and author with more than 10 years of experience writing for top personal finance publications. As a mother to boy/girl twins, she is passionate about helping women and children learn about money and entrepreneurship. Cat is also the co-host of the Five Year You podcast.
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Edited by Kristen Barrett, MATKristen Barrett is a managing editor at LendEDU. She lives in Cincinnati, Ohio, with her wife and their pack of senior rescue dogs. She has edited and written personal finance content since 2015.