NetCredit offers personal loans to borrowers with bad credit — but its APRs can reach 99.99%, making it one of the most expensive lending options available. If you have bad or fair credit and need a personal loan, there are several alternatives that offer lower rates, higher limits, and better terms. Here are the best loans like NetCredit for borrowers with less-than-perfect credit in 2026.
Quick Comparison: Best Loans Like NetCredit for Bad Credit
Upstart| Lender | APR Range | Loan Amount | Min Credit Score | Origination Fee |
|---|---|---|---|---|
| NetCredit | 34.99%–99.99% | $1,000–$10,000 | None stated | Yes |
| Upstart | 7.80%–35.99% | $1,000–$50,000 | 300 | 0%–12% |
| Avant | 9.95%–35.99% | $2,000–$35,000 | 580 | Up to 9.99% |
| LendingPoint | 7.99%–35.99% | $2,000–$36,500 | 580 | 0%–10% |
| OppLoans | 160%–179% | $500–$4,000 | None | None |
| OneMain Financial | 18%–35.99% | $1,500–$20,000 | None stated | 1%–10% |
| Prosper | 8.99%–35.99% | $2,000–$50,000 | 560 | 1%–9.99% |
| LendingClub | 9.57%–35.99% | $1,000–$40,000 | 600 | 3%–8% |
✓ Pros
- Build or rebuild credit history
- Earn rewards on everyday spending
- Fraud protection & zero liability
- Free FICO score on statements
✗ Cons
- High APR if you carry a balance
- Low initial credit limits
- Annual fees on some cards
- Hard inquiry on application
Why NetCredit's Rates Are So High
NetCredit serves borrowers who are typically rejected by traditional lenders — those with credit scores below 580 or thin credit files. To compensate for the higher default risk, NetCredit charges APRs that can exceed 99%, making loans extremely expensive over time.
A $5,000 loan at 75% APR over 24 months costs over $8,000 in total repayments. Before accepting a NetCredit loan, it's worth checking whether you qualify for alternatives with significantly lower rates.
Upstart — Best for Low Credit Scores
Upstart uses AI to evaluate borrowers beyond just credit scores — factoring in education, employment history, and income. This makes it one of the most accessible lenders for borrowers with thin credit files or scores as low as 300.
APRs start at 7.80%, far below NetCredit's minimum. Loan amounts go up to $50,000 with terms of 3 or 5 years.
OppLoans — Best for No Credit Score Requirement
OppLoans (now OppFi) offers loans to borrowers with no minimum credit score requirement. While APRs are high (160%–179%), they're still significantly lower than payday loans and some NetCredit rates. Loan amounts are smaller ($500–$4,000) with terms of 9–18 months.