If you’re looking for a personal 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.
Is NetCredit a direct lender?
In certain states, NetCredit offers personal loans and lines of credit directly to consumers. In other states, we partner with Republic Bank & Trust Company, Member FDIC, which offers online loans to consumers. In those states, if approved, your loan will be made by Republic Bank, however, NetCredit will service your account and provide all the same features and benefits. Check our rates & terms page to see what is offered in your state.
Check your eligibility online to see if you qualify for a 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. If approved, you can receive your funds the next business day or sooner.
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 your broader financial picture—not just your credit score.
We believe 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 loan application to ClearCost for Me™, 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!