NetCredit Installment Loans
Installment loans are a popular form of a personal loan that can be used to cover a number of financial needs. With loan amounts that can offer thousands of dollars and a set payment schedule to pay it back, installment loans are a common type of funding for debt consolidation, moving expenses, home and auto repair, and more. With loans available up to $10,000,* NetCredit installment loans come with unparalleled U.S.-based customer support and great features.
Customize your loan amount and duration.
If eligible for a personal installment loan, you can modify your loan details and select the right amount for your needs. Similarly, you can select the repayment schedule that best fits your budget or goals.
Receive funds the next business day or sooner.
Approved applications are typically funded next business day. If your application is submitted before 7:00 a.m. CT Monday – Friday, you may receive your funds the same business day!
Build credit with fixed installments.
Your entire payment history is reported to major credit bureaus, meaning you can build credit history with on-time repayment. You can repay early at any time with no penalty.
What We Offer
NetCredit and our lending partner, Republic Bank & Trust Company, Member FDIC, offer online installment loans up to $10,000.* We also offer lines of credit up to $4,500, which — as a form of revolving credit — are great for covering unexpected expenses as they arise.
Depending on your application and the state where you live, you might qualify for one or both of our lending products. Head to the Rates & Terms for more details and to learn what's offered in your state.
How It Works
Check your eligibility.
See how much you can borrow in minutes with a secure application.
Review your offer.
Choose what you want and see if the available amounts and terms work for you.
Get your money.
If approved, requested funds are typically deposited the next business day or sooner.
See how a NetCredit customer can use an installment loan.
- Louise’s personal expenses keep piling up, so she decides to look for an installment loan to help consolidate her debt.
- Louise searches for an installment loan online, and comes across NetCredit. Here, she can quickly check her eligibility.
- Louise learns that she is eligible for the installment loan. From the range she is offered, she is able to customize the amount and term to cover her debt and repay it in fixed payments every month.
- Louise signs her contract. Because she submitted her application before 7 a.m. CT and was approved before 9:30 a.m. on a weekday, she receives her funds later that day!
Installment loans are a very traditional type of loan. They are often what people think of when they think of a loan — that is, you receive a lump sum up front and repay it with (generally) fixed installments over a predetermined period of time (or “term”).
The main difference between an installment loan and a short-term or payday loan is that an installment loan is typically for a larger amount of money and you typically repay it over a longer amount of time than a short-term loan.
Financial situations can change and you may need more flexibility when borrowing money. That’s why personal loan customers in select states may be eligible for one or two refinance options. If eligible, customers may choose to borrow more money or lower their payments.
Eligible customers in the following states may be able to refinance: Alabama, California, Delaware, Georgia, Idaho, Illinois, Louisiana, Missouri, New Mexico, North Dakota, South Carolina, South Dakota, Utah and Wisconsin.
While “bad credit” certainly makes it difficult for someone to obtain credit, not all customers with less-than-perfect credit are turned down for online installment loans. With NetCredit, advanced algorithms take a broader look at your finances, which means you can check your eligibility before a hard inquiry is filed on your credit report.
You can choose from a variety of repayment methods, including Electronic Fund Transfer (ACH Debits), debit cards and paper checks. With Electronic Fund Transfer (ACH Debits), your payments will be withdrawn from your bank account. We also offer a repayment via a paper check option if you prefer to pay using traditional checks. Visit our FAQ page for more information about repaying.
Repayment details are reported to two of the major credit bureaus. As you pay back your loan, those payments will appear on your credit report and can help build credit history. However, that means missed payments are also reported. If payments are missed, you could potentially see a negative impact on your credit score.
You can make payments ahead of schedule or pay off your loan in full at any time with no penalties. This option can help you save on interest. For more information about early repayment options, please visit the Early or Additional Payments section of the FAQs.