If you’re looking for a loan, you may have heard that it’s best to work with a direct lender. So what exactly is a direct lender, and what benefits do they offer?
A direct lender offers you a loan directly, whereas a loan broker, affiliate or lead provider simply matches you with a lender. Working with a direct lender can offer a number of benefits, whether for an installment loan or other loan type. First, you have the freedom to survey the entire field of lenders to find one that fits your particular needs. In other words, you can evaluate lenders based on the factors that are important to you, rather than choosing from a shortlist determined by a loan broker. Second, working with a direct lender may save you money. By cutting out the middleman, you get a rate that’s coming directly from the lender.
A final benefit of working with a direct lender is security and transparency. Unlike a loan broker or matching service, a direct lender won’t shop your information to various third parties. This limits your exposure to fraudulent and unscrupulous practices. Of course, it’s always important to do your due diligence vetting any organization — including direct lenders — before sharing your information with them.
Even though working with a direct lender has certain benefits, it isn’t necessarily a bad idea to use a loan broker. In some cases, loan brokers offer very good options and are upfront about how they handle your information. Even better are loan brokers that work with a single bank partner, because their rates are clear and you know exactly where your information is going.
Is NetCredit a Direct Lender?
Yes! In certain states, NetCredit works directly with consumers to provide installment loans. Check our rates & terms page to see if we lend in your state.
NetCredit is also partnered with Republic Bank & Trust Company to offer personal loans of less than 36% APR in most states. If approved, your loan will be made by Republic Bank & Trust Company, however, NetCredit will service your account and provide all the same features and benefits.
Check your eligibility online to see if you qualify for a NetCredit or a Republic Bank loan (through NetCredit) in just a few minutes. Thanks to My ScoreSaver™, checking your eligibility won’t affect your credit score, and you’ll see your eligibility decision immediately. Once you accept your loan offer, you’ll receive your funds typically by the next business day.
We Believe Everyone Deserves Access to Credit
Important decisions shouldn’t be based on just one number. That’s why your eligibility and customized personal loan offer will be determined by looking at thousands of variables from your unique financial picture—not just your credit score.
We Believe Our Customers Come First
Our success depends on delivering what you really want and exceeding your expectations. That’s why our friendly Customer Support team is based right here in Chicago to foster strong relationships, answer hard questions and solicit honest feedback.
We Believe It Should be Easy
Life is complicated enough. At NetCredit, we strive to keep things simple, convenient and transparent. From the quick online application to ClearCost for Me™ ("no hidden fees" policy), we’re constantly working to make things a bit easier.
We Believe Good Lenders Offer More than Loans
As the saying goes, “Knowledge is power.” That's why we provide a wealth of tools and tips about how to improve credit, pay off debt and retire comfortably. My CreditBuilder also helps build credit history as you repay your loan!