Best 6 Loans Like NetCredit

Top Loans Like NetCredit for Quick Financial Fix

Following our detailed NetCredit loan review, here are the top 5 NetCredit competitors to consider:

1. OppLoans (For a Closer Match to NetCredit)

OppLoans is known for its consumer-friendly loans and excellent customer service. It’s also one of the sites like NetCredit that caters to unsecured borrowers with loans that are more flexible than options from traditional financial institutions.

Special Features:

• OppLoans offers personal credit ranging from $500 to $4,000 for unexpected expenses.
• Repayment terms vary from 9 months to 36 months.
• Higher interest charges compared to traditional banks, but lower rates than payday loans.
• No complicated credit check, making it easier to approve individuals with poor credit.

The benefits:

• Convenient loan terms up to 36 months.
• No stringent credit check is required.
• Early loan approval and funding process for loans similar to NetCredit.
• Customer-friendly approach with excellent customer support.

The downsides:

• Higher interest rates compared to traditional loans.
• Not available in all US states.

2. CreditCube: (For a Different Lending Experience)

CreditCube stands out as a better option to lenders like NetCredit by offering simple, transparent and consumer-friendly lending options. Here’s why we think CreditCube is the best NetCredit alternative for your financing needs.

Special Features:

• CreditCube has small personal loans like NetCredit, with loan offers ranging from $100 to $5,000 to meet your financial needs.
• Flexible terms from a few months to one year, allowing for manageable payments.
• Approved borrowers can get instant financing within the same day or the next business day.
• CreditCube reports to the major credit bureaus and helps its clients build positive financial history through timely payments.

The benefits:

• Transparent payment provision without reserves.
• Flexible loans and repayment terms.
• Quick and easy online application process.
• Commitment to customer service.
• A credit report to help build your history.

The downsides:

• Interest rates can be higher than traditional bank loans.
• Availability is limited, as a loan like NetCredit is not offered in all states

3. Avant (For Self-Employed Borrowers)

Avant is a good choice for self-employed individuals or those without a regular income looking for loans like NetCredit. It offers small personal loans with flexible terms and competitive interest rates, and manages a wide range of lending profiles.

Special Features:

• Avant offers personal loans, loans like NetCredit for bad credit repair, and debt consolidation loans ranging from $2,000 to $35,000.
• Terms range from 24 to 60 months, allowing borrowers to choose a repayment plan that fits their budget.
• The annual percentage rate (APR) ranges from 9.95% to 35.99%, depending on credit and other factors.
• Avant’s loan application process is straightforward. Funding is typically received by the next business day, as seen in other credit companies like NetCredit.

The benefits:

• The maximum loan increases to $35,000.
• Convenient terms up to 60 months.
• Suitable for self-employed individuals.
• Quick and easy application process.

The downsides:

• Higher interest rates than similar websites like NetCredit, especially for borrowers with lower creditworthiness.
• Origination fees may apply.

4. Brigit (For Repeat Borrowers)

Brigit is ideal for individuals who often need smaller short-term loans. It’s among the well-known lenders like NetCredit that help users manage their finances and provide them with advanced funding and financial tools to avoid overdraft fees.

Special Features:

• Brigit offers cash advances of up to $250 to help cover expenses between paychecks.
• The app automatically deducts the payment from the user's bank account on the next payday.
• Brigit provides tools to help users plan and track spending.
• Brigit charges a monthly subscription fee, but there are no interest rates or other fees for upfront transactions, as you’d see in some loan companies like NetCredit.

The benefits:

• It offers a cash advance of up to $250.
• Automatic payment method for personal lines of credit like NetCredit.
• Includes budgeting tools for sound financial management.
• No interest or deposit payments.

The downsides:

• For large expenses, a preliminary limit may not be sufficient.
• A monthly subscription is required to access all features.

5. OneMain Financial (For Secured Loans)

OneMain Financial is a great option for those seeking a secured personal loan. It is one of the few companies similar to NetCredit that offer both secured and unsecured loans, making it accessible to a wide range of borrowers, including those with low scores.

Special Features:

• OneMain Financial is one of the fast cash sites like NetCredit, with loans ranging from $1,500 to $20,000.
• Terms range from 24 to 60 months, offering flexible payments.
• Borrowers can use the collateral facilities to obtain larger loans or lower interest rates.
• OneMain Financial has a network of branches, allowing personalized advice and support.

The benefits:

• Secured and unsecured loan offers, unlike places like NetCredit, with only unsecured loans
• Convenient terms up to 60 months.
• Suitable online loans like NetCredit for borrowers with low scores.
• Individual assistance is available through the branch network.

The downsides:

• Higher interest rates compared to traditional banks, as you’d see in similar online loans like NetCredit.
• Origination fees and other charges may apply, unlike some other alternatives to NetCredit

6. Cleo (For Credit Building)

Cleo is a new finance app that gives users a cash advance and tools to help build their credit. It’s one of the companies like NetCredit for bad credit, suitable for individuals who want to improve their credit scores while managing their day-to-day finances.

Special Features:

• Cleo offers installment loans of up to $100 to cover small expenses — just like those of some NetCredit similar brands.
• Cleo offers credit builder credit cards that help users build their credit by submitting payment reports on time to the major credit bureaus.
• Cleo users get budgeting tools, spending insights and savings tips to help them better manage their money.
• Cleo works on a subscription model, offering different tiers of features and benefits for personal and other loans like NetCredit.

The benefits:

• Cash advances up to $100.
• Offers credit builder cards to improve your score.
• Includes advanced financial tools and insights.
• It works on a subscription model with different levels.

The downsides:

• The upfront cash limit may be insufficient for large expenses.
• Full access to the features requires registration.

What You Should Know About NetCredit Alternatives

When considering payday loan options, it’s important to evaluate the features, benefits, and possible drawbacks of each option. In general, payday loans tend to come with higher interest rates and shorter repayment terms, which can lead to default. Exploring options similar to those described above can provide better information and other benefits, such as reports, financial planning tools and financial advice.

Key things to consider:

1. Interest rates and fees: Compare interest rates and fees from different lenders. Typically, payday loan options offer high rates, but have more transparent payment schedules.
2. Repayment terms: Look for lenders that offer flexible repayment plans, allowing you to pay off the loan over a longer period of time, and offering better payment terms.
3. Credit Reporting: Choosing a lender that reports your payment history to credit bureaus can help you build or improve your credit score by making payments on time.
4. Loan Money: Consider your needs and choose a lender that will offer a loan that fits your situation.
5. Eligibility Requirements: Check the eligibility of each lender to make sure you meet their requirements before applying.

Final Words

Choosing the right loan involves considering a variety of factors such as loan amount, repayment terms, interest rates, and eligibility requirements. While online lenders are a popular option for personal loans, providers like NetCredit can offer you customized solutions to best meet your needs. OppLoans offers a similar option, with flexible payment terms and no complicated checks. Avant caters to self-employed borrowers with high credit scores and competition issues. Brigit is ideal for repeat borrowers who need small, short-term loans. OneMain Financial offers secure loan options for secured clients, and Cleo offers helpful budgeting and credit-building tools. CreditCube, our own company, stands out for its transparent payment process, flexible loan rates and terms, fast financing, and dedication to customer service. By comparing these options, you can make smart financial decisions that meet your immediate needs and support your long-term financial health.

FAQ

1. Are CashNet and NetCredit the same?

No, they are different financial providers that offer different types of online loan products to individuals. However, they are sister companies under a parent company called Enova International.

2. How does the NetCredit credit line work?

The LOC is a flexible loan of up to $4,500 that charges interest and fees (including a 10% cash advance fee) based on the amount you borrow, rather than the full credit limit.

3. What are the cons of NetCredit?

Some major cons include high APRs and the existence of origination fees. During our NetCredit review, we discovered that the lender charges up to 99.99% APR. Some NetCredit alternatives offer lower APRs. You could also check out credit unions in your location to get offers with lower APRs.

4. Is NetCredit a monthly payment?

Yes, you can get installment loans with fixed monthly payments from the lender. These are suitable if you have a predictable income to pay consistently.

5. How long does it take to get your loan from NetCredit

Provided you get loan approval, you’ll typically have your loan disbursed on the same day or the next business day.

6. Can I pay NetCredit off early

Yes, you can do so to save on interest without extra fees or penalties. You also get to avoid a late fee.

7. Do I need to pay prepayment penalties?

No, you can pay off your balance early without a prepayment fee or sanction. However, check out the other loan terms and conditions, including the APR for various loan types, permissible credit limit, debt-to-income ratio, and healthy credit utilization ratio, before applying for a line of credit.

8. Are there hidden fees?

There are no records of hidden fees on the NetCredit site. This transparency makes it one of the best compared to competitors like Personify Financial.

9. Which payment methods does NetCredit support?

The lender supports various payment options, including direct deposit via ACH, debit cards, mail, and digital platforms like MoneyGram and Western Union.

10. Does NetCredit have a credit card?

Yes, it does. However, you’ll only get one after getting approved by the lender.