Loan Amounts
$1,000 – $10,000
APR Range
34% – 155%
Loan Duration
6 – 60 months
Minimum Credit Limit:
$500†
Maximum Credit Limit:
$5,000†
This won't affect your credit score.
Depending on your application details, you may receive an offer for either a personal loan, line of credit or both.
†A 10% cash advance fee is deducted from the amount of each cash advance.
Charges Last Updated: July 24, 2019
Charges Last Updated: May 1, 2017
You may be charged a late fee of the lesser of $15 or 5% of the unpaid amount of a scheduled installment payment if you fail to make all or any part of a scheduled installment payment within 10 days of its scheduled installment due date.
This is Derek.
Here’s what his repayment will look like.
Loan Duration
35 months
Monthly Repayment
$253
Loan terms vary based on application details and qualifications.
We are proud to operate in compliance with Delaware regulations.
Visit the Delaware State Bank Commissioner website and search for NetCredit to see our license listing.
If we are unable to address your questions or concerns, you can also contact your state regulatory agency:
Office of the State Bank Commissioner
43 South DuPont Highway
Edgehill Shopping Center
Dover, DE 19901
Phone: 302.739.4235
Fax: 302.739.3609
www.state.de.us
The outstanding balance fee you owe will vary based on the frequency with which you receive income, your outstanding principal balance at the end of your billing period and any Fee Saver reductions accrued. If your outstanding principal balance at the end of your billing period is $25 or less, you will not incur an outstanding balance fee.
For bi-weekly/twice-monthly customers with no Fee Saver reductions accrued, the outstanding balance fee will be $5 per $100 of the outstanding principal balance at the end of the billing period (rounded up to the nearest $100). This means that if your outstanding principal balance is between $25.01 and $100, we charge $5. If your balance is between $100.01 and $200, we charge $10, and so on.
For monthly customers with no Fee Saver reductions accrued, this amount will be $10 per $100 of the outstanding principal balance at the end of the billing period (rounded up to the nearest $100). This means that if your outstanding principal balance is between $25.01 and $100, we charge $10. If your balance is between $100.01 and $200, we charge $20, and so on.
10% of the cash advance, which will be deducted from the amount of your advance.
Each time you make a qualifying string of payments (12 consecutive bi-weekly/twice-monthly or six consecutive monthly payments) you are eligible for a reduction of your outstanding balance fee.
Your outstanding balance fee will be reduced by $0.40 per $100 borrowed if billed bi-weekly/twice-monthly and can be reduced to no less than $2 per $100 borrowed. If billed monthly, your outstanding balance fee will be reduced by $0.80 per $100 borrowed and can be reduced to no less than $4 per $100 outstanding.
For additional terms and conditions, see your line of credit agreement.
A line of credit is an open-end form of credit and has no fixed duration.
For each billing cycle you carry a balance, you are required to pay a minimum payment.
If your billing cycle is bi-weekly/twice-monthly, the minimum payment will equal 2.5% of the outstanding principal balance (inclusive of cash advance fee) plus the outstanding balance fee. If your billing cycles are monthly, the minimum payment will equal 5% of the outstanding principal balance (inclusive of cash advance fee) plus the outstanding balance fee. This charge also takes into consideration any Fee Saver reductions accrued. The minimum payment for any period will never be less than $50 if you pay bi-weekly/twice-monthly or $100 if you pay monthly unless your outstanding balance at the end of the billing period is smaller, in which case your minimum payment will equal that outstanding balance.
This is Jaime.
Here's how that looks after his 10% cash advance fee is assessed.
Amount Requested
$1,000
Amount Deposited in Account (Amount requested - 10% cash advance fee)
$900
Now let's look at how his initial minimum payment will be calculated:
Principal Payment (2.5% of outstanding principal)
$25
Outstanding Balance Fee ($5 per $100 of outstanding principal)
$50
Minimum Payment
(Principal payment +
outstanding balance fee)
$75
This is Alexis.
Here's how that looks after her 10% cash advance fee is assessed.
Amount Requested
$1,000
Amount Deposited in Account (Amount requested - 10% cash advance fee)
$900
Now let's look at how her initial minimum payment will be calculated:
Principal Payment (5% of outstanding principal)
$50
Outstanding Balance Fee ($10 per $100 of outstanding principal)
$100
Minimum Payment
(Principal payment +
outstanding balance fee)
$150
This won't affect your credit score.
