NetCredit does not arrange 30 day, 60 day or 90 day loans. Personal loans through NetCredit are long-term installment loans with minimum term lengths of six months. While these loans are longer-term, they do share some features with short-term loans. Some of the common features between installment loans through NetCredit and shorter-term, 30 to 90 day loans include:
Loans through NetCredit are unsecured, which means you are not required to provide collateral such as a home or car title.
You are provided an eligibility decision just seconds after you complete your online loan application. Also, checking your eligibility will not affect your credit score!
There are also some key differences between online loans through NetCredit and 30 to 90 day loans, notably:
Loan amounts through NetCredit range from $1,000 – $10,000,* while 30 to 90 day loans are typically for smaller amounts.
Short-term lenders generally don’t report payment history to the major credit bureaus. NetCredit reports payment history to two major credit bureaus: Experian and TransUnion. This means that on-time payments may help improve a borrower’s credit score.
NetCredit offers flexible payment options, so you can repay in full as early as you wish — without any fees or penalties. To learn more about our repayment options, visit our FAQ page.