Loans Like NetCredit | 5 Best NetCredit Alternatives in 2021

A recent study has shown that 71% of American families are now categorized as ‘financially unhealthy’ and require monetary aid immediately.

There is no doubt that the pandemic has made economic woes worse for a lot of people. But the truth is, financial instability has always been lurking in the background for so many.

With many breadwinners living paycheck to paycheck and very little money saved, one needs many sacrifices for another to get by.

The good news is there is a quick solution to this: signing up for a loan. Some may already be shaking their heads at this, thinking they will get vetoed by banks because of their bad credit or getting unemployed recently. But traditional financial institutions aren’t the only possible source of funds.

Companies like NetCredit offer cash advances to people who urgently need them.

More importantly, individuals with bad credit are very welcome to apply. On top of that, they have a ‘no checks’ (the background investigation type) policy, so the borrower won’t have to worry about this, either.

Loans Like NetCredit – #1 Alternative: Viva Payday Loans


Loans Like NetCredit – An Overview

NetCredit, a Chicago-based financial service under Enova International Inc., is one of the most recommended in the whole country.

There are several reasons why the company is commended by many – fast application process, quick release of funds, and guaranteed fair deals.

However, their leading-edge is their alliance with Republic Bank and Trust Company, Member FDIC, which many people in several states highly esteem. And in regions where the bank mentioned above does not conduct business, NetCredit is aligned with other respectable institutions that can provide the loan.

In case NetCredit can’t help or can’t provide the term requested by the client (and to be honest, this happens quite often), other services do offer loans like NetCredit:

Financial Service Loan Amounts Loan Terms APR Range Loan Fees Customer Support
NetCredit $1,000 to $10,500 30,60, and 90-days 34% to 155% Varies per state Phone ✔

Email ✔

Shopfront ✘

#1 Alternative

Viva Payday Loans

$100 to $5,000 2 months to 2 years 5.99% to 35.99% 20% of the loan Phone ✔

Email ✔

Shopfront ✘

Big Picture Loans $200 to $3,500 4 to 18 months 350% to 699% Undisclosed Phone ✔

Email ✔

Shopfront ✘

Cash Central $300 to $5,000 4 days to

24 months

90% to

over 2000%

Depends on state laws Phone ✔

Email ✔

Shopfront ✘

Fig Loans $300 to $750 1 to 12 months 176%

and up

Undisclosed Phone ✔

Email ✔

Shopfront ✘

Lend Up $100 to $400 14 days to

4 months

70% to 1,200% $17 per $100 Phone ✔

Email ✔

Shopfront ✘


Best Loans Like NetCredit – QuickPick

But as previously mentioned, other companies offer almost the same flexible loans as NetCredit. Below are the perks of the different financial services listed above. See which suits you best here;

  1. Viva Payday Loans – Low minimum loan amount with relatively low APRs
  2. Big Picture Loans – Expedited loans application and funds disbursement
  3. Cash Central – Operational even during weekends and holidays
  4. Fig Loans – Has Credit Builder allowing people to fix their bad credit rating
  5. Lend Up – Has Ladder Rewards for repeat borrowers who pay well

What are Loans Like NetCredit?

NetCredit founders established the company specifically to cater to those underserved by banks – the ones suffering from lousy credit ratings, those with no guarantor or collateral to put up and at times even for the recently unemployed.

They have two main products: personal loans and credit lines. Other companies very rarely offer the latter. They also provide a high of $10,500 – a significant amount for starting a small business.

But there are two NetCredit features that many are apprehensive about.

First, they do a soft credit check as part of their pre-approval process. Although the company assures that this won’t affect the current credit ratings of their clients, this does not sit well with many.

Second, they do report to the three major credit bureaus. While this is generally great for building or fixing one’s credit history, the failure to pay on time because of unforeseen circumstances might make things worse.

Common Uses of Loans Like NetCredit

Many people favor personal loans over other types of financing because no guarantor or collateral is required. On top of that, the application process is made incredibly easy, and funds are released pretty fast.

Some tend to judge borrowers as overspenders who do not know the basics of money management or do not care about it at all. But that is far from the truth.

Many people who need loans use this for essential expenses such as the following:

  • Unforeseen circumstances like hospitalization or unexpected home repairs
  • Paying utility bills past their due date
  • Credit card debt
  • Home improvements
  • Costs for moving such as packing and transport expenses
  • Financing for home and vehicles
  • Funds for events like weddings, funerals, etc.

A considerable part of the borrowing populace is simply down on their luck – either having low wages that are not enough for their daily needs or recently unemployed. And yes, they need that financial boost from loans to get them back on their feet.

Fortunately, people can easily apply for loans like NetCredit.

NetCredit’s Eligibility Criteria

For those who are down and out, here are some requirements NetCredit asks for:

Personal Information

Aside from one’s name and age that any government ID can prove, NetCredit also asks for the Social Security number.

Employment or Source of Income

They will ask for a work ID or a check stub as proof of employment. Business owners will have to provide financial statements such as balance sheets and bank documents.

Home Addresses and e-mail Address

The e-mail address is a must-have since applicants complete the application online. Also, e-mail addresses are often linked to one’s bank account.

They will also ask for both current and previous home addresses.

Home Ownership

While NetCredit does not require potential clients to put up collateral, they ask about this particular information.

Loan Amount and Repayment Terms

The company compares this with the current income information to see if the client can pay the loan back.

Loan Purpose

While they won’t judge one spending choice, they give better deals for those who plan to allocate the loans on urgent needs.

Applying for loans like NetCredit entails more than just the essential prerequisites most companies ask for.

It would be great if potential clients provided all those in the list above. But if that is an impossibility at the moment, there are other financial services borrowers can turn to.

Top 5 NetCredit Loan Alternatives – Fully Reviewed

There are over a hundred different financial services in the country that provide loans to those in dire need of money.

If NetCredit does not suit your needs, five other companies can give the same loans like NetCredit.

1. Viva Payday Loans – Overall Best Alternative to NetCredit

This brokerage service acts as a middleman between the credit provider and potential client needing a loan. Their main job is to find the most suitable deal for those who apply to repay the debt in full and on time.

It is effortless to sign up for Viva Payday Loan’s services. Visit their website, input the loan amount, and complete their requirements. In just 24 hours, clients can receive the decision and get the funds deposited into their bank accounts.

The only trouble with this particular company is that they do not have an on-site location because they aren’t direct lenders, and their headquarters is in London, England.

APR (Annual Percentage Rate) 5.99% – 35.99%
Loan Amount Range $100 to $5,000

Initial maximum: $1,000

Loan Term Range 2 to 24 months
Turn Around Time 1 day
Fees and Other Charges 20% of the loan

4% of the loan per month

$35 for arrears

Star Rating (Out of Five) ☆☆☆☆


  • The loan amount range is favorable to many low-income households
  • Incredibly fair APRs
  • The website is easy to navigate
  • Fast application process
  • Flexible loan deals
  • No credit check
  • Pays out the same day of the application, if done early in the day.


  • The main office is in England
  • Not available in all states.

Financial services that offer attractive loan deals are hard to come by; there’s always a significant downside that turns out to be a deal-breaker. But so far, Viva Payday Loans has been fair in terms of their APR and loan terms so borrowers can pay without too much hassle.

2. Big Picture Loans – Good for Quick Approval

When it comes to guaranteed fast loans application and disbursement, this is the go-to company. According to their website, 90% of approved borrowers get their cash the very next day.

Unfortunately, this is owned by the indigenous tribe of Chippewa Indians in Watersmeet, Michigan. We say ‘unfortunate’ because the company abides by their tribe’s code and not state laws, allowing them to exceed the maximum APR set by the state, which is 390%.

APR (Annual Percentage Rate) 350% to 699%
Loan Amount Range $200 to $3,500
Loan Term Range 4 to 18 months
Turn Around Time 24 hours
Fees and Other Charges Undisclosed
Star Rating (Out of Five) ☆☆


  • Available to those with bad credit
  • Expedited application and disbursement
  • No penalties for paying early.


  • Unbelievably high APRs
  • Very strict with the set payment schedule
  • Exorbitant late payment fees.

People with the nastiest financial history settle for this, thinking there is no other choice. That isn’t true because there are so many options. But if you feel the same way, ask for a complete computation of the total repayment amount so you know if you can handle it.

3. CashCentral – Loans with Guaranteed No Credit Checks

One of the non-direct lenders in the industry, this financial service connects borrowers to the well-known creditor First Financial Loan Company.

Aside from allowing people with bad or no credit to sign up, many choose them because of their same-day approval and cash disbursement. They also enable their clients to set up a convenient payment schedule.

APR (Annual Percentage Rate) 90% to over 2,000%
Loan Amount Range $300 to $5,000
Loan Term Range 4 days to 24 months
Turn Around Time 1 day
Fees and Other Charges Origination fees, depending on specific state laws
Star Rating (Out of Five) ☆☆


  • Open for business even on weekends and holidays
  • The company offers various kinds of loans like payday, installment, lines of credit, etc.
  • Quick funds disbursement.


  • APRs could skyrocket to 2,000%
  • Automatically withdraws repayments
  • Charges origination costs, late dues, and other fees.

All in all, CashCentral provides satisfactory service and good deals, especially for repayment. However, APRs of over 500% is just too much and might trap borrowers in the sad cycle of debt. If you are considering this, protect yourself by crunching the numbers well.

4. Fig Loans – A Great Credit-building Alternative

Houston-based Fig offers one of the smallest installment loans for those who need emergency cash. The aforementioned paltry sum ranges from $300 to $750, paid up to six months.

Aside from their mini personal loans, another product they have is the Credit Builder loan targeted to those who would like to build or improve their credit rating. This product involves getting a loan, paying it off to a particular account with interest over a year, and then getting your principal back.

The biggest downside of Fig Loans is that it operates in six states only.

APR (Annual Percentage Rate) 176% and up
Loan Amount Range $300 to $750 – personal loan

$1,400 ave – credit builder

Loan Term Range 1 to 12 months
Turn Around Time 1 day
Fees and Other Charges Undisclosed
Star Rating (Out of Five) ☆☆☆


  • Small loan amount range is just enough for emergency cash needs
  • Clients can apply to build and improve credit score.


  • Operates in just six states
  • No physical office, except in Houston.

For people who want to pay off a utility bill or home repair expense and nothing else, Fig’s small personal loan is the best option. Also, their Credit Builder loan is reasonably practical.

5. LendUp – Low APR on Quick Loans

Another company that provides small personal loans for cash-strapped individuals is LendUp.

They offer installment loans through ‘laddering up’ – people who have signed up several times in the past and could pay in full and on time. Repeat borrowers also get bonuses and, more importantly, better rates on their subsequent applications.

APR (Annual Percentage Rate) 70% to over 1,200$
Loan Amount Range $100 to $400
Loan Term Range 14 days to 4 months
Turn Around Time 1 day
Fees and Other Charges $17 fee per $100
Star Rating (Out of Five) ☆☆☆


  • The decision in an hour at most
  • Funds available on the same day
  • They provide related educational resources like money management, credit building, and so many more.


  • Operational only in seven states
  • They have a minimum income requirement.

People who need a small amount of cash ASAP should consider this financial service because they have decent rates and repayment terms. Make sure that you do your computation because the APR could soar to over 1,000%.


Features of Viva Payday Loans

Applying for loans from a traditional financial institution can be unbelievably laborious. And the chances of getting rejected are high for people with less than stellar credit ratings and history.

Here are some reasons why you shouldn’t immediately disregard loans like NetCredit and Viva Payday Loans.

Wide Range of Loan Amounts

NetCredit’s loan amount ranges from $1,000 to $10,500. That’s probably good for entrepreneurs. Low to middle-income households will only need $100 to $5,000 for their needs. And the truth is, the latter is more realistic to pay off than the former.

Fast Application, Quick Disbursement of Funds

The whole process of choosing the loan amount and repayment terms and passing all the requirements takes five minutes or less. If you are approved in the next hour, you can get the money you need soon after.

No Credit Check

NetCredit reports to the three major credit reporting agencies. Viva Payday Loans and the alternatives listed above do not unless you choose a specific product that involves credit reporting.

No Guarantor, Collateral Needed

Aside from the ‘no checks’ policy, additional guarantors and collaterals are not required by creditors or their partner brokers.

High APRs

This is one bullet that borrowers would have to bite. Direct lenders increase interest rates not just to earn but to protect themselves from such a high-risk venture. Potential clients are always advised to check these to ensure their capability to pay the loan back.

How to Get Loans Like NetCredit

Step 1: Go to the Viva Payday Loans Website

It’s pretty easy to navigate the website. Click on the amount you plan to loan, move the slider to the loan term you prefer, and then hit the “Request Funds” button.

Step 2: Complete the Form Provided

There are three essential prerequisites you need to provide: personal information, account details, and proof of income.

Step 3: Await the Decision

Don’t leave the website immediately after signing up because authorization takes just a few minutes. You may get your approval soon after!

Step 4: Get Your Loan

Viva Payday Loans will deposit your money into the bank account you provided. But if you applied early in the day, you could also get the loan within 24 hours.

Request Your Loan at our Top Rated Provider – Viva Payday Loans



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About Jayme Wium PRO INVESTOR

Jayme is a professional freelance writer specializing in personal finance, business, nutrition, botany and mental health. She has studied extensively in these fields and spends a considerable amount of her time creating content to help simplify complex concepts for the everyday person.