Check your eligibility for a $2600 installment loan in California with no impact to your FICO® score
When you need extra cash to cover bills or an emergency, but you don’t qualify for a traditional bank loan, consider $2600 installment loans in California. Installment loans are repaid by the borrower in regular monthly payments over a set period of time.
Money can be deposited the next business day without you ever having to leave your home.
Installment loans are not payday loans. Consumers use installment loans for big-ticket items such as homes, cars and appliances in addition to cash loans. They are a good option when you need extra cash and want to repay a loan over several months or years.
If you need a $2600 installment loan in California, you don’t have to leave your home to find one, NetCredit offers $2600 installment loans for bad credit.
Read our review to learn about the pros and cons of a $2600 installment loan in California as well as what you’ll need to qualify.
How does a $2600 installment loan from NetCredit work?
An installment loan from NetCredit allows you to borrow money to cover any type of expense. NetCredit offers loans up to $10,000 as soon as the same day of applying.
Who is NetCredit?
NetCredit is an online financial services provider based in Chicago, IL that believes everyone deserves access to credit. NetCredit is a subsidiary of Enova International, Inc., a NYSE (New York Stock Exchange) listed company (ENVA). NetCredit’s employees are dedicated to offering the best installment loan options for customers.
How long does it take to get loan funds?
The application process is quick! You’ll know if you’ve been approved within minutes. If electronic funding is selected and your loan agreement is signed, submitted and approved, you may get funds as soon as the next business day.
What are the APRs offered via NetCredit?
NetCredit has a variable APR that ranges from 34% up to 150%. Your rate will depend on your credit scores, state you live in and how often you make a payment. As with most $2600 installment loans in California, NetCredit has high interest rates when your credit is less than perfect.
Does NetCredit charge an origination fee?
No, NetCredit does not charge a loan origination fee. A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically, fees range from 0.5% to 5% of the loan amount. Whenever possible, go with a lender like NetCredit that will not charge origination fees.
Does NetCredit charge a late fee?
Yes, NetCredit may charge borrowers a late payment fee.
Does NetCredit charge prepayment fees?
Yes, NetCredit charges a loan origination fee of 0% to 5% of the loan amount. NetCredit deducts the fee directly from your loan amount before depositing your money.
How much can you borrow via NetCredit?
$2,600 installment loans are available up to $10,000. Borrowers have the flexibility to repay the loan over a duration of time that makes sense for their lives and budget.
What is the maximum loan term you can get with NetCredit?
NetCredit offers personal loans with terms ranging from 6 to 60 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
How to qualify for a loan with NetCredit?
NetCredit takes into account more than your credit score. They view a potential borrower’s ability to repay the loan based on current circumstances. While past credit history is important it’s not the only determinant.
Additionally, applicants should have the following:
- An active checking account
- Must be 18+ years old.
- Must be a legal resident of the US.
- An active email account
- Personal information such as your Social Security Number and address.
- Monthly income from a job, self-employment or benefits like SSI, disability, unemployment check or retirement benefits.
- Financial information (such as information about your expenses like monthly rent or mortgage payment).
NetCredit doesn’t require you to have a set minimum income and doesn’t limit your income to what you earn from a job. If you have retirement, disability or unemployment income, you may still qualify for a loan.
Active duty servicemembers and their covered dependents cannot apply for a loan via NetCredit. The Military Lending Act prohibits lenders from charging servicemembers more than a 36% APR. Only U.S. citizens can apply for a loan.
What is the estimated funding time for a personal loan via NetCredit?
NetCredit will typically provide a credit approval decision in less than an hour and fund the loan within 1 business day.
Pros of using NetCredit
- Quick application process. If you’re in a hurry, NetCredit’s application only takes a few minutes to complete, and you’ll know if you’ve been approved shortly after.
- No prepayment penalty. Pay off your loan early, NetCredit doesn’t have a prepayment penalty. This means you can pay back your full loan amount at any time, which will reduce the total cost of interest you’ll pay.
- Apply with bad credit. The people at NetCredit know everyone does not have good credit. But emergencies happen to everyone, even people with bad credit. NetCredit looks at more than just credit scores to approve loans.
- Use your loan as you see fit. If you’ve been approved, use your loan funds for just about any purpose, whether you need a car repair or pay down debt.
Cons of using NetCredit
- High costs. Like many $2600 installment loans in California, you’ll see high interest rates. This affects the total cost of your loan. But keep in mind you can pay off your loan early without any penalty charges.
What do customers say about NetCredit?
NetCredit received an average score of 8.8 out of 10 from reviewers on Trustpilot. Many customers cited the easy application and good customer service as reasons to go with the loan.