It can be challenging to get a personal loan with less-than-perfect credit. Lenders like OppLoans and NetCredit understand the struggles faced by consumers with poor credit and offer tailored lending solutions to meet their needs. These loans come at a steep cost, though, since they are risky to the lenders. So, it’s best to understand what each lender offers and compare your options before deciding which is best for you.

OppLoans vs. NetCredit at a glance

Personal loans from OppLoans and NetCredit are most suitable for consumers who struggle to get approved for funding with traditional lenders. Both come with high interest rates, but you’ll get more borrowing power and longer loan terms with NetCredit. Here’s how the two stack up:

OppLoans NetCredit
Bankrate Score 4.3 4.2
Better for Fewer fees Higher loan amounts
Loan amounts $500-$4,000 $1,000-$10,000
APRs 59.00%-160.00% 34.00%-155.00%
Loan term lengths 9 to 18 months 6 to 60 months
Fees None Origination and late payment fees
Minimum credit score Not disclosed Not disclosed
Time to funding Same-day funding Same-day funding in select states

 OppLoans personal loans


  • No loan origination fees or prepayment penalties.
  • Minimal documentation requirements.
  • No hard credit check.


  • Short loan terms.
  • Small maximum loan amount.
  • High minimum APR.

OppLoans acts as a payday alternative. Its interest rates are significantly higher than what you’d get with a traditional loan. Still, they beat what most payday lenders offer, and you can access higher loan amounts. You’ll also get a loan term between 9 and 18 months, which is far more flexible than the quick turnaround that comes with payday loans.

You don’t need perfect credit to qualify, and many applicants receive funding the same business day they are approved. Another upside is the online application process. It’s easy to apply, and there is no impact on your credit score. Plus, OppLoans goes the extra mile to verify your income by allowing you to connect to your bank account electronically. So, there’s no need to upload paystubs, W2s or tax returns.

NetCredit personal loans


  • No minimum credit score requirement.
  • Longer loan terms.
  • Fast funding times.


  • Origination fees and late payment penalties (in select states).
  • Limited availability.
  • Joint applicants or co-signers not allowed.

NetCredit also offers unsecured personal loans of up to $10,000 to borrowers with bad credit. Its loans are relatively flexible, with terms of up to 60 months. You could also get approved and funded on the same day.

Like OppLoans, NetCredit is only available in select states. Depending on where you reside, you could also be on the hook for loan origination fees. However, if you qualify, the starting minimum APR is lower, so it could offset the added borrowing costs.

How to choose between OppLoans and NetCredit

Depending on the APR you qualify for, OppLoans could still be the more affordable option. Although you’ll have access to smaller loan amounts and shorter loan terms, the lack of fees could make it the better choice. NetCredit does charge higher fees in select states. But you could receive funding a day sooner and get approved for a larger loan with a longer term.

Keep these considerations in mind when deciding between the two.

OppLoans has fewer fees

Unlike most online lenders, OppLoans does not charge an origination fee on its personal loans. You also won’t pay an application fee when you apply or if you decide to pay the loan in full before the term ends. Even better, this lender has no late fees or early prepayment penalties. So, despite the hefty APRs, it’s possible to save a bit on borrowing costs.

NetCredit offers larger loans

Although you can borrow as little as $500 with OppLoans, it may not be the best choice if you need a larger loan amount. Its personal loans are capped at $4,000, but you can borrow as much as $10,000 with NetCredit. You could also be eligible for a term of up to five years to make your monthly payments more affordable. (Note: An extended loan term means you’ll pay far more in interest, so keep this in mind when reviewing loan offers).

Compare lenders before applying

A less-than-perfect credit score doesn’t mean you can’t qualify for a personal loan. Both OppLoans and NetCredit are options worth considering to get fast funding.

Be sure to request quotes from each lender and compare them to determine if they work for your financial situation. Also, explore what other subprime lenders have to offer before formally applying for a loan with OppLoans and NetCredit. You could be better off securing a loan elsewhere that offers rapid funding but with more attractive terms.