Best Reviews TopConsumerReviews.com Best Personal Loans Best Reviews
Best Reviews
      July 10, 2020

Home  >  Personal Loans  >  LendingClub vs NetCredit

Best

Personal Loans

  1. Upstart
  2. LendingTree
  3. Credible
  4. LendingClub
  5. Avant
  6. 100 Lenders
  7. Prosper
  8. Even
  9. NetCredit
  10. Personal Loans
  11. OneMain Financial
  12. LifeLoans
  13. Better Loans Mutual

Your Information Is Secure
Personal Loan Tips Newsletter

Compare Products

  • Select any 2 companies in our reviews to compare them head-to-head!

Latest Reviews

Bicycle Parts

Calendars

Credit Counseling

Feather Pillows

GMAT Test Prep

GRE Test Prep

Hemorrhoid Relief

Homeschool Supplies

LSAT Test Prep

MCAT Test Prep

Senior Care

Thyroid Health

 

Individual Reviews

SoFi

Upstart

LendingTree

Credible

LendingClub

Avant

100 Lenders

Prosper

Even

NetCredit

Personal Loans

OneMain Financial

LifeLoans

Better Loans Mutual

 

Our professional reviewers evaluate products and services independently, but Top Consumer Reviews may earn money when you click on the links on our pages. Learn more.

Better Business Bureau Reliability Seal

LendingClub vs NetCredit

Best Personal Loans

To help you find the Best Personal Loans, TopConsumerReviews.com provides you with an in-depth comparison of LendingClub and NetCredit.

To see ALL of our reviews for the Best Personal Loans, please Click Here

Are you in need of some cash? Historically, borrowers have had limited options for a personal loan. You could ask a family member, a friend, or find a personal finance company that offered fixed-rate loans, typically at exobrtantly high interest rates.

Today, however, finding a personal loan brings several more options to the table. While you can still ask a family member, or get a high-rate loan from a finance company, you can also consider using a social lending network. These networks, also called peer-to-peer loans, generally have much lower overhead and as a result can offer much lower interest rates. They're facilitated by professional companies familiar with this type of lending, to simplify things for all parties.

Continue reading below reviews

Best Reviews

2020

Personal Loan Reviews

4 stars
LendingClub

LENDINGCLUB

Visit Site

Loan:

From $1,000 to $40,000

LendingClub is a recognized leader in the social lending market. They do an excellent job of bringing together lenders and those wanting a loan between $1,000 to $40,000. The benefit of choosing LendingClub is that without a bank in the mix, borrowers are able to get a lower rate on their personal loans. LendingClub currently holds a strong Better Business Bureau rating of A and helps facilitate thousands of loans for happy customers each month.

Low lending rates

The loan rates at LendingClub are among the lowest we've found. Of course, the best APR is available to borrowers with excellent credit. Applying for a loan is simple:

  • Enter the amount you want to borrow, the purpose of the loan, and your credit score range
  • Next you'll be asked to input your name, address, income, and date of birth
  • LendingClub will verify your identity and creditworthiness
  • After verification occurs, your loan and loan terms will be available for you to select from
  • Select your loan
  • LendingClub authenticates your bank account
  • You receive your funds

Turnaround time varies

The size of your loan and your credit worthiness impacts the turnaround time of the process. At any point you can speak to a LendingClub customer service representative to assist. Your loan request will be listed on the LendingClub website for up to two weeks, or until lenders are willing to fully fund your request.

Processing fee

Like any peer-to-peer lending company, a fee is assessed in order to cover costs. At LendingClub you can anticipate a one-time processing fee that ranges from 1% to 6% of the loan amount, depending on your loan and loan terms. For a $1,000 loan that equates to a fee starting around $11.

If you're looking for a personal loan, LendingClub offers an excellent lending process and affordable rates, from a reputable company that you can feel confident with.

Visit Site
3.5 stars
NetCredit

NET CREDIT

Visit Site

Loan:

From $1,000 to $10,000

NetCredit is new to the personal loan business. This Chicago based company opened doors in 2012 and currently hold a strong A- Better Business Bureau rating. NetCredit offers unsecured personal loans between $1,000 and $10,000 to customers of all credit scores. The process of applying and obtaining a loan is completely online. There's no need to make an appointment and take time away from work just to fill out a loan application.

Simple application

NetCredit provides the funds for all of the personal loans issued from this company. The process is very simple:

  • Customers identify how much they'd like to borrow and for what purpose
  • Complete a quick and easy application that allows NetCredit to identify your name, your contact details, work history and more
  • Applicants can expect an immediate response upon submission of their application with the maximum loan amount and terms
  • The customer then identifies how much they would like to borrow and accepts the terms of the agreement
  • Loans are typically sent via direct deposit by the next business day unless documentation is required or questions still exist.

Loan rates vary

Interest rates are dependent on the loan size and your credit worthiness. Because of this, NetCredit does not publish their loan interest rates online. Loan payments back to NetCredit can be drawn automatically from your bank account and occur over time, based on the terms of the loan. Outside of interest, there are no associated fees with obtaining a loan at NetCredit. For those attempting to build back their credit, NetCredit does report payment history and activity to both Experian and TransUnion.

Just a few states

The biggest downside to working with NetCredit, at this time, is that they currently provide loans in only 13 states. While we believe they will be adding to the list over time, customers in states not supported by NetCredit will not be able to work with them until further expansion. However, if you are in a state that NetCredit does operate in, they offer a fast loan application and quick approval process. NetCredit is worth your consideration.

Visit Site

Continued from above

No matter where you borrow money from, before you get your next personal loan you should consider the following:

  • BBB rating. Does the lending company have a solid history of doing good business with its customers?
  • Loan size and rate. How much will the lending company offer? What interest rate do they charge their customers?
  • Loan application process. When applying for your personal loan, can it be completed online? Is the lending process easy and straightforward?

TopConsumerReviews.com has reviewed and ranked the best online personal loan providers available today. We hope this information helps you find the best loan at an affordable rate that meets your needs!

5 reasons people get personal loans-and what financial advisers say about them

Unsecured personal loans can pay for almost anything. Their flexibility makes them easy to turn to when you want to consolidate your debts or put in that kitchen island. But first assessing all your ...

Published:  Thu, 09 Jul 2020 01:01:00 GMT



Everything You Should Know Before Getting a Personal Loan

With lenders tightening their standards in light of the pandemic, here's everything you should know before applying for a personal loan.

Published:  Wed, 01 Jul 2020 07:48:00 GMT



10 questions to ask before you take out a personal loan

CNBC Select covers ten questions you should ask yourself and your lender before applying for a personal loan, from APR to how fast you receive the funds.

Published:  Tue, 30 Jun 2020 18:19:00 GMT



How much does a personal loan affect your credit score?

Still, taking out a personal loan can be a smart decision for some consumers, particularly for people who are going to use the money to consolidate high-interest debt at a lower interest rate, make ...

Published:  Wed, 08 Jul 2020 15:47:00 GMT



8 Essential Steps to Take Before Choosing a Private Student Loan

That's why relatively few students can afford to go to college without financial aid - and why even after grants and federal student loans are used, some still have large gaps to fill. Each year, more ...

Published:  Thu, 09 Jul 2020 12:49:29 GMT



Tom Brady's personal brand approved for PPP loan

The Bucs quarterback was one of many athletes and programs that received loans through the Paycheck Protection Program.

Published:  Wed, 08 Jul 2020 19:11:11 GMT



Twin Cities real estate firms, from the obvious to the not-so-obvious, landed PPP loans

More than two dozen Twin Cities commercial real estate firms received Payroll Protection Program loans of $2 million or more.

Published:  Thu, 09 Jul 2020 14:00:00 GMT



Atlanta Firms Have Used PPP Loans to Preserve Jobs, Restore Pay

From Am Law 200 firms to personal injury shops, dozens of law firms in Georgia applied for loans, some using it to make their employees whole after pay cuts.

Published:  Thu, 09 Jul 2020 12:05:00 GMT



The CEO of a Company That Owns More Than 100 Wendy's Allegedly Used $1 Million in PPP Loans on a New House in Montana

Sandi Adler, a former vice president at Starboard, claims she was fired after taking issue with CEO Andrew Levy's plans to "defraud the United States and the Small Business Association." ...

Published:  Thu, 09 Jul 2020 07:25:00 GMT



Share Us!   

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure