Experience the convenience of an online loan for bad credit.
No matter your credit history get the extra cash you need with an online loan for bad credit. Bypass the banks. Get cash fast, no matter your needs, and have funds deposited into your account as soon as the next business day.
An online loan for bad credit from NetCredit can be used for debt consolidation, emergencies, repairs, major purchases, weddings, a vacation…you name it.
NetCredit offers personal loans ranging from $1,000 to $10,000 with repayment terms up to 60 months. Unlike banks, perfect credit is not required. Rates and repayment terms are competitive.
The application process is simple. Once you apply you’ll receive a loan offer, if qualified. Carefully review the details of the loan offer to determine if it’s right for you.
If approved, your money will be deposited directly into your bank account, typically by the next business day.
Step 1: You can apply directly from your mobile device or computer
NetCredit is an online lender that provides personal loans to consumers with less than perfect credit. NetCredit is not a payday lender. It is a real lender catering to the people banks have neglected. The application process takes about 10 minutes. A soft credit inquiry is performed using Transunion credit bureau to determine your eligibility.
Performing a soft inquiry to determine eligibility is a good policy on behalf of NetCredit because your credit score will not take a hit. Hard inquiries can take up to 10 points from your credit score, no sense in wasting a hard inquiry if you’re not approved.
Easy, secure online application process involves:
- Basic questions such as name, address, employment, income details, bank account and email address are required to submit the application.
- Sources of income from employment, self-employment, retired, benefits, unemployment benefits are considered.
- Information to verify your identity to help make an instant eligibility decision.
Step 2: Required credit score for an online loan
Applicants should have a minimum credit score of 550 or higher for a better chance of approval, although this is not required to apply. The best APR is available to borrowers with good credit.
Step 3: How NetCredit personal loans work
Imperfect credit is okay. NetCredit is for people who do not have many financial options. People who have been told ‘no’ too many times by banks and credit card companies may find NetCredit as a good option for a personal loan.
If approved, NetCredit customers will typically receive funds by the next business day. NetCredit allows customers to customize your loan amount and repayment terms to best fit your needs. Here is how it works:
- Check your eligibility.
- If eligible, you’ll be presented with a loan offer selected just for you.
- If you’re happy with what you see, great! Otherwise, click the “Modify Loan Details” button to adjust your loan offer.
- Use the loan amount slider to select the right amount for you — from the minimum to the maximum, or anywhere in between.
- Then select the repayment schedule that best fits your budget or goals — choose a lower payment over a longer period of time to minimize the impact on your monthly cash flow, or choose a higher payment over a shorter period of time to incur less interest and pay off your loan faster.
If you sign the loan contract, a hard inquiry on your credit report is pulled. This may have an impact on your credit score for a period of time of 12 months. However, as long as you make on-time payments for the loan, your credit scores will likely improve.
Step 4: Prepay your loan early with no penalty
NetCredit will never charge an application, origination, prepayment or non-sufficient funds fee. But, if your payment is late, you may be charged a late fee in some states. NetCredit is committed to a clear and simple cost structure that provides an upfront, straightforward experience every step of the way.
Fixed monthly payments can be automatically deducted from your bank account. A reminder can be sent to you a few days before your payment is due. All you have to do is make sure there are sufficient funds in your account to avoid an unsuccessful payment fee.
Step 5: Loan amounts up to $10,000 for any purpose
NetCredit loans range from $1,000 up to $10,000 available for repairs, debt consolidation, major purchase, business, auto loan, weddings, vacations, unexpected financial difficulties and more. Affordable monthly payments along with competitive fixed rates make NetCredit a good choice for personal loans online.
In many instances you can choose up to 5 years to repay the loan.
Fixed monthly payments can be automatically deducted from your bank account. A reminder can be sent to you a few days before your payment is due. All you have to do is make sure there are sufficient funds in your account to avoid an unsuccessful payment fee. Your interest rate will never change.
Step 6: Build credit with on-time monthly payments
Payments are reported to the major credit bureaus. On-time payments can help build a positive credit history. Get back on track with your finances by wisely using an online loan for bad credit. An installment loan can help build your credit as long as you pay as agreed. It may also help by giving you a better credit mix if you only have credit cards reporting on your credit reports.
Step 7: Summary of NetCredit Loan Features
- Loans from $1,000 – $10,000 with Flexible Terms
- No Application, Prepayment or Late Fees
- Quick and Easy Online Application
- Build Credit History with Timely Payment