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ClearCost for Me™ Promise

At NetCredit, transparency isn't just a buzzword—it's our commitment to you. With our ClearCost for Me™ guarantee, you'll see exactly what you're paying before you sign anything. All rates, fees, and terms are disclosed upfront in plain language. No surprises, no hidden charges, ever.

Interest Rates (APR)

Annual Percentage Rate varies based on your creditworthiness and state

Online Loans

34% - 99.99%

Personal loan APRs range from 34% to 99.99%, depending on your state of residence, creditworthiness, income verification, and other factors.

Your rate is fixed for the life of your loan, meaning your monthly payment and APR will never change. This makes budgeting simple and predictable.

Important: While our rates are higher than traditional banks, they're significantly lower than payday loans, which can have APRs exceeding 400%.

Lines of Credit

Variable APR

Line of credit APRs vary based on your creditworthiness and state regulations. The APR is applied only to the amount you actually use, not your total credit limit.

With a line of credit, you have the flexibility to borrow only what you need, when you need it. Interest accrues only on your outstanding balance.

Benefit: Pay off your balance at any time without penalty. The faster you repay, the less interest you'll pay.

Fee Structure

As of March 2025, NetCredit charges ZERO fees on Online Loans

Origination Fee
One-time fee when loan is issued
$0
Application Fee
Fee to process your application
$0
Prepayment Penalty
Fee for paying off loan early
$0
Late Payment Fee
Fee for missing payment deadline
$0
NSF Fee
Fee for insufficient funds
$0
Monthly Maintenance Fee
Ongoing account maintenance
$0

Industry Leading: Unlike many lenders, NetCredit doesn't charge any fees beyond interest. Your total cost is just the principal plus interest—nothing more.

Loan Cost Examples

Real examples showing total cost at different APRs and terms

Example 1

$2,000
Loan Amount: $2,000
APR: 50%
Term: 24 months
Monthly Payment: $117.50
Total Interest: $820
Total to Repay: $2,820

Example 2

$5,000
Loan Amount: $5,000
APR: 40%
Term: 36 months
Monthly Payment: $214.82
Total Interest: $2,733.52
Total to Repay: $7,733.52

Example 3

$10,000
Loan Amount: $10,000
APR: 35%
Term: 48 months
Monthly Payment: $357.65
Total Interest: $7,167.20
Total to Repay: $17,167.20

These are examples only. Your actual rate and terms will depend on your creditworthiness, state of residence, and other factors.

Factors That Affect Your Rate

Multiple factors determine your personalized APR

Credit History

Your credit score and payment history play a significant role. Better credit typically means lower rates, but we consider much more than just your score.

Income Verification

Higher, stable income demonstrates ability to repay and may qualify you for better rates. We look at your monthly income and employment stability.

State of Residence

State regulations affect maximum loan amounts, APRs, and terms. Each state has specific lending laws we must follow.

Loan Amount & Term

The amount you borrow and your chosen repayment period affect your rate. Shorter terms typically have lower total interest costs.

Employment Status

Stable employment history shows consistent income. Longer time with current employer may improve your terms.

Banking History

A stable banking relationship with regular deposits demonstrates financial responsibility and may positively impact your rate.

State-Specific Terms

Loan amounts and terms vary by state

How We Compare

NetCredit vs. other lending options

Feature NetCredit Payday Loans Traditional Banks
APR Range 34% - 99.99% 400%+ typical 5% - 36%
Bad Credit Accepted Yes Yes Rarely
Credit Check Impact Soft pull for eligibility Varies Hard pull required
Funding Speed Same/Next day Same day 3-7 days
Repayment Terms 6-60 months 2-4 weeks 12-84 months
Origination Fees $0 $15-$30 per $100 1%-8% typical
Credit Building Yes Usually no Yes
Transparency All costs upfront Often unclear Usually clear

Best For: NetCredit is ideal if you need fast funding with bad credit and want better terms than payday loans, but don't qualify for traditional bank rates.

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