Borrow More Money or Lower Your Payments

You may be eligible to refinance your loan.

Two Ways to Refinance Your NetCredit Personal Loan

At NetCredit, we know that situations arise that may call for a more flexible payment schedule. If you’ve found yourself in one of those situations, NetCredit has a couple of refinancing options to make your financial situation less of a burden.

Borrow More Money

Your existing balance along with a new amount of funds can be refinanced into a brand-new loan with a new contract and repayment schedule.

Lower My Payment

Reduce your contractual payment amounts by refinancing your existing loan balance into a brand-new loan with a new contract and repayment schedule.

It’s Easy to See If You’re Eligible

To see if you are eligible to refinance your current loan, sign in to your account and look for either the "Borrow More Money" or "Lower My Payments" button. If they are not there, you are not currently eligible, but you may become eligible in the future.

Sign In

Look for the button near the top of your Account Home!

See How Borrowing More Money Works

  • Gerald has a balance of $1,000 left to pay on his loan. However, his situation has changed and now he needs more money.
  • He sees he may be eligible to borrow more money, and signs in to check his eligibility.
  • He’s approved, and has the option to select the amount he’d like to add to his loan.
  • He adds $800, chooses a repayment method and continues to sign the contract for his new loan amount of $1,800.
  • With NetCredit fast funding, Gerald receives his funds quickly.

See How Lowering My Payments Works

  • Frances had unexpected expenses that has made the currently scheduled payments on her loan unmanageable.
  • When she signs in to her account, Frances sees she may be eligible to lower her payments.
  • Frances checks her eligibility and is approved.
  • She had been paying $75 bi-weekly, but opts for a lower bi-weekly payment of $50.
  • Frances signs her new contract and her new lower payments are confirmed!

FAQs About Refinancing

To see if you are eligible for a refinance from NetCredit, sign in to your account and look for the "Lower My Payments" or "Borrow More Money" buttons. If those are visible on the page, the chances are pretty good you’re eligible to apply. If they are not there, the chances are pretty good you are not eligible. It should be noted, however, that eligibility criteria can change over time, and you may become eligible to apply for a refinance in the future.

Refinancing your NetCredit loan is fast and easy. If approved, you can lower your payments in a matter of minutes. You just need to select the amount of your new payments and click through to your contract.

If eligible to borrow more money, select the amount of additional funds and click through to your contract. If approved, your money will be deposited into your bank account in a matter of days.

Please note that borrow more money approvals are subject to additional verification. Providing requested documentation in a timely manner may help prevent funding delays.

Your repayment schedule is based on your pay dates. If your job or pay frequency has changed since you first applied for a loan, the new loan will be based on those pay dates as long as they are already in our system. If you have not previously reported a change of pay frequency, please fax/email us a copy of your most recent pay stub that reflects this change prior to applying for a refinance. You can also choose to send us a copy of your bank statement showing your two most recent direct deposits on the new dates. Please allow two business days from the date of receipt for the change to take effect.

Checking your eligibility to "Borrow More Money" or "Lower My Payment" will not affect your credit score.

However, if you proceed to borrow more money and sign the contract, there will be a hard inquiry on your credit report. This may have an impact on your credit score for a period of time. Additionally, if your loan is successfully refinanced, your old loan will be closed and reported to the credit bureaus as refinanced, and the new loan will be reported as another trade line along with the entire payment history.

If you proceed to lower your payment and your loan is successfully refinanced, no hard inquiry on your credit report will be made. Your old loan will be closed and reported to the credit bureaus as refinanced, and the new loan will be reported as another trade line along with the entire payment history.

There are 15 states in which customers are eligible to refinance their NetCredit loan: Alabama, California, Delaware, Georgia, Idaho, Illinois, Louisiana, Missouri, New Mexico, North Dakota, South Carolina, South Dakota, Utah, Virginia and Wisconsin. Other states may be offered refinance features in the future.

Eligibility requirements may vary by state.

Sign In

Look for the button near the top of your Account Home!