NetCredit is a US-based, online lender offering personal loans and lines of credit designed to help bad credit borrowers improve their credit score. It helps people who are having trouble getting approval elsewhere by offering loans between $1,000 and $10,000.
We’ve rounded up a list of loan providers in Canada that offer similar services to what NetCredit offers in the US – like bad credit loans, personal loans, installment loans, lines of credit and more.
Is NetCredit in Canada?
No, NetCredit is not available in Canada. The company has its headquarters in Chicago, Illinois, in the US, and requires customers to have a valid American address in order to apply.
Personal loans like NetCredit
Alternative for bad credit personal loans: Loans Canada
Loans Canada is a free loan broker platform that connects borrowers with a variety of loans, including personal loans for all types of borrowers, even those with fair or bad credit scores. Simply fill out an application and get matched with a list of lenders that are open to financing you.
Easy online application
Quick funding
High loan amounts of up to $50,000
Bad credit, CERB and EI borrowers considered
Interest rates can reach as high as
Your vehicle could be repossessed if you default on the loan
LoansLoans.ca offers fast short-term installment loans, but with no credit check. NCR Financial, the company that operates LoansLoans.ca, has been in business for over 15 years and is registered in Quebec.
Apply online and get approval within one hour
Interest rates can reach as high as 32%
Services: All of Canada (except Manitoba)
Small loan amounts between $500 and $1,000
The broker fee can be as high as $300
Loan amount
$500 – $1,000
APR
28% – 32%
Term
3 - 12 months
Min. credit score
300
Fees
Late payment fee (2.66% per month), $45 NSF fee, broker fee
Apply online for an interest-free line of credit of up to $250 to cover small expenses and build your credit. Get funds in 1-3 business days with a free account. For $11.99 per month, get access to premium services, including funding in 1-30 minutes, a free Equifax credit report and identity theft protection.
No credit check required
No application fee
No late payment fee
More affordable than payday loans
$11.99 per month for fast transfers, full credit report and other premium perks
Small loan amounts only
Loan amount
$30 – $250
APR
Starting at 0%
Term
30 days, extendable
Fees
0% interest with optional fees
Origination fee
$11.99
Turnaround time
1-30 minutes with a paid membership or 1-3 business days with a free membership.
Get a zero-interest cash advance ranging from $20 to $250 when you pay a 0% interest with a subscription fee starting at $2/month. You'll need a KOHO account to access this service.
No late fees
0% interest
No impact on credit score
Free financial coaching service
KOHO savings account required
Loan amount
$20 – $250
APR
Starting at 0%
Term
Flexible
Fees
0% interest with a subscription fee starting at $2/month
Bree is another pay advance app that lets you borrow up to $350 to help you cover expenses until your next payday. Like SoLo Funds, Bree won't charge any interest, but there is a small monthly subscription fee plus an extra fee if you need funding within a few hours.
Easy application process
No credit checks
0% interest and no late fees
$2.99 monthly membership fee
Loan amount may not be enough for your needs
Extra fee for fast transfers
May not improve your credit, unlike Nyble
Loan amount
$20 – $350
APR
Starting at 0%
Term
Next pay cycle (65 days max)
Fees
0% interest with a $2.99 monthly membership fee
Turnaround time
Receive funds within 5 minutes with express delivery (the fee is based on the advance amount) and up to 3 business days for standard delivery.
⚠️ Warning: Be cautious with payday loans
High-cost payday loans are unsustainable for borrowing over a continued period of time and are expensive as a means of longer-term borrowing. If you're experiencing financial hardship call Credit Counselling Canada for free financial counselling (Monday-Friday 8:00am-5:00pm at +1 866-398-5999). You may also want to consider payday loan alternatives.Maximum borrowing costs will vary by province. Review the maximum borrowing cost for your province before entering into a loan agreement.
iCASH provides quick funding and accepts non-employment income. You can get e-Transfer funding in as little as 2 minutes after approval. iCASH is also a payday loan provider, so watch out for high fees.
4.6/5 stars based on over 2,400 Trustpilot reviews
GoDay offers payday loans you can apply for and get approved for within minutes. Once approved, loan funds can be transferred within minutes. GoDay offers payday loans, which means you can borrow up to $1,500 at relatively high interest rates.
4.5/5 stars based on over 2,700 Trustpilot reviews
Get loan funds via e-transfer
Apply and get funding 24/7
Very expensive APR
Can easily trap customers in a cycle of debt
Only available in AB, BC, MB, NB, NS, ON, PEI, SK
Loan amount
$100 – $1,500
APR
Varies by province
Term
Up to 62 days
Min. Turnaround time
As little as 2 minutes with Interac e-Transfer
How to apply
Online In Store
Credit Check
Yes
Alternative for in-store payday lenders: Cash Money
Through its payday loans, Cash Money offers quick access to cash advances either online or from over 100 locations across Canada. Get instant approval and funding in as little as 15 minutes when you apply with Cash Money.
Instant decisions
Fast access to funds
Established lender with A+ Better Business Bureau rating
Not available in all provinces
High cost of borrowing
Loan amount
$100 – $1,500
APR
Varies by province
Term
5 - 40 days
Min. Turnaround time
As little as 15 minutes with INTERAC e-Transfer
How to apply
Online In Store
Credit Check
Yes
How does NetCredit compare?
NetCredit is suited for US residents with less-than-perfect credit, like many of the Canadian alternatives we mentioned. However, NetCredit loans can be very expensive, with APRs typically ranging from 34% all the way up to 99% depending on the state.
Pros
Quick turnaround time with flexible repayments
Fair credit accepted
No early repayment fees
Cons
Low maximum loan amount
Only available in just over 30 states
High late fees could apply
How to decide which NetCredit alternative is right for you
Because NetCredit isn’t available in Canada, it’s important to decide which Canadian alternative is right for you.
Firstly, you’ll need to decide what type of loan to apply for based on how much money you need. If you only need a small amount to get you through to payday, consider a 0% interest pay advance from an app like Nyble or Bree.
If you need to borrow a larger amount and you have bad credit, consider a bad credit installment loan from lenders like LoansLoans.ca. Another option would be applying for a bad credit personal loan through a broker like Loans Canada.
It’s usually best to only use a payday loan as a last resort because it’s one of the most expensive loan options on the market and can easily trap borrowers in a cycle of debt. If you’ve exhausted other options, consider reputable payday loan providers like GoDay and iCASH, which offer fast turnaround times and online applications for up to $1,500.
Chelsey Hurst is a publisher at Finder, specializing in banking and investments. She loves empowering people to avoid financial pitfalls and make better decisions with their money. Chelsey has a Bachelor of Science from Redeemer University, a Master of Science from McMaster University, and has won multiple awards for research communication. In her spare time, Chelsey enjoys cooking and taking long walks in nature. See full bio
Anna Serio was a lead editor at Finder, specializing in consumer and business financing. A trusted lending expert and former certified commercial loan officer, Anna's written and edited more than 1,000 articles on Finder to help Americans strengthen their financial literacy. Her expertise and analysis on personal, student, business and car loans has been featured in publications like Business Insider, CNBC and Nasdaq, and has appeared on NBC and KADN. Anna holds an MA in Middle Eastern studies from the American University of Beirut and a BA in Creative Writing from Macaulay Honors College at Hunter College, CUNY. See full bio
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