NetCredit personal loans: 2025 review

NetCredit is best for small bad credit personal loans

NetCredit offers personal loans for as little as $1,000 and as much as $10,000, giving borrowers with poor credit a way to pay for emergency expenses. While the maximum is much lower than many other lenders, the smaller cap may help you avoid borrowing more than your monthly budget can afford.

The exact amount you can borrow — as well as your loan terms — will depend on the state you live in. The annual percentage rate (APR) for NetCredit's loans is high, starting at 34.00 percent and going as high as 99.99 percent. Before you borrow, you should calculate your personal loan cost to ensure you are able to afford a loan from NetCredit. 

NetCredit personal loan purposes

One unique feature of NetCredit’s products is that you can choose an installment loan, a line of credit or both, and NetCredit’s website doesn’t list any restrictions on how you use your loan or line of credit funds.

That may come in handy if you need a loan for a small cost, like new tires on your car, and prefer a fixed payment. Or if you know your air conditioner or water heater is at the end of its life, you could take a line of credit so you have the funds available if either one breaks down. You’ll only make a payment on the amount you use, and can pay the balance off without penalty. 

Where NetCredit personal loans stands out

• Better rates and terms than payday lending: Despite its high APR, NetCredit's rates are lower than many payday loans, and you can choose terms up to 60 months, giving you more time to repay your loan.
• Fee reduction options available: Borrowers can potentially reduce the statement balance fee by 33 to 60 percent after a series of regular on-time payments.
• No prepayment penalties: Like many lenders, NetCredit doesn’t charge prepayment penalties. You can pay off the balance or replace it with a lower interest rate loan when your credit scores improve.

Where NetCredit personal loans falls short

• Very high APRs: NetCredit's APRs are much higher than the 6 percent to 36 percent range you’ll find with most bad credit personal loans.
• Costly cash advances: If you opt for NetCredit's line of credit, there is a 10 percent cash advance fee every time you withdraw funds.
• Statement fees: There is also a statement balance fee for the line of credit that varies depending on how much of your line is used and whether you pay bi-weekly or monthly. 

NetCredit customer resources

Customer support

NetCredit borrowers can reach a representative seven days a week. Customer service hours are Monday through Friday from 8 a.m. to 8 p.m. CT. On Saturday and Sunday, customer service is available from 9 a.m. to 5:30 p.m. CT. There are also several email addresses for customer support, loans that are in process and general feedback. 

Digital experience

NetCredit doesn’t currently offer chat support, but its application process can be done entirely online or started by phone. You can also find helpful NetCredit videos on YouTube covering a wide variety of topics related to personal loans. 

How this lender compares

How Bankrate rates NetCredit