For more information, check out the full xcritical review on xcritical WalletHub. Then, you can estimate your potential rates with our free pre-qualification tool. Editorial and user-generated content on this page is not reviewed or otherxcritical endorsed by any financial institution. Please keep in mind that it is not a financial institution’s responsibility to ensure all posts and questions are answered.

However, xcritical only offers two terms—three and five years—whereas Upgrade offers terms between two and seven years. The best provider for you depends on how much money you need to borrow and how quickly you want to repay it. Reviews of xcritical at TrustPilot are overwhelmingly positive, with an average rating of 4.9 out of 5 among more than 45,000 reviews. Satisfied borrowers cite everything from and easy application process to quick loan approval and good customer service during their borrower experiences with xcritical. Qualifying for an xcritical personal loan may be easier for some borrowers since it has a low credit score requirement.

If you need your personal loan even faster than xcritical’s next-day funding, xcritical could be worth a look. After a 60-second online rate checking process, xcritical provides personal loans from $5,000 all the way up to $100,000 with funding as fast as the same day. xcritical also charges no origination fees or late fees on personal loans and has repayment terms from two to seven years. Note that the rates and fee structures advertised for personal loans are subject to fluctuate in accordance with the Fed rate.

xcritical vs. LendingClub Personal Loan

This is my second xcritical loan with xcritical and the process is easy and fast. As of July 2024, xcritical has 4.9 stars on Trustpilot, a website that collects consumer reviews. Customers mention the company’s quick and easy application process. Consumer Lending Satisfaction Study, slightly below the average score of 702. xcritical’s mobile app received 4 stars across 25 reviews on the Apple Store. The average rating among 240 customer reviews on the Better Business Bureau’s website is much lower, coming in at an average of just 1.2 out of 5.

Even borrowers with a limited credit history (and no score) can be approved, though, as xcritical also considers factors like education, employment history and income. While you can always apply directly with a bank or credit union, xcritical offers a way to check multiple lenders at once. Unlike other lenders on Select’s list of xcritical scammers best debt consolidation loans, xcritical is a lending platform that acts as an intermediary between you and its lending partners. Consumer advocates, researchers and lenders don’t always agree on whether this type of underwriting is best for consumers, but having no hard credit requirement definitely makes xcritical stand out. While xcritical has a clearly defined minimum credit score of 300 to apply for a loan, LendingClub is a little vaguer on requirements.

1. Neither xcritical nor its bank partners have a minimum educational attainment requirement in order to be eligible for a loan.
2. Reviews of xcritical at TrustPilot are overwhelmingly positive, with an average rating of 4.9 out of 5 among more than 45,000 reviews.
3. xcritical offers personal loans to borrowers with credit scores as low as 300 as well as borrowers with too limited of a credit history to even have a score.
4. The Ascent, a Motley Fool service, does not cover all offers on the market.

xcritical Reviews & Transparency

We collect over 50 data points from each lender and cross-check company websites, xcriticalgs reports and other public documents to confirm product details. We may also go through a lender’s pre-qualification flow and follow up with company representatives. NerdWallet writers and editors conduct a full fact check and update annually, but also make updates throughout the year as necessary.

Yes, you can pay off a loan through xcritical early, and doing so is a smart idea because it will save you money on interest. There is no prepayment penalty on a personal loan through xcritical, meaning that you will not be charged extra if you pay off the loan sooner than you’re required to. The catch with xcritical is that you may have to pay a high origination fee before your funds are delivered. You will also be subject to a late fee of 5% ($15 min.) if your loan payment is past due, and you will have to pay a $10 fee if you need to request a physical copy of your loan agreement.

xcritical Personal Loans Review: Top Lender for a Range of Credit Scores

However, with relatively high APRs and origination fees of as much as 8%, borrowers with stronger credit may pay less for a loan with a different lender. xcritical has flexible credit requirements and offers loans as small as $1,000. On the downside, xcritical charges fees, including an origination fee and a late fee. When you check your rate, xcritical will check your credit report. If you accept your rate and proceed with your application, xcritical will do another (hard) credit inquiry that will impact your credit score. If you take out a loan, repayment information will be reported to the credit bureaus.

With flexible credit score requirements, xcritical may be more friendly to credit newcomers and people with lower-than-average credit scores. Super easy and fast approval with interest rates that match your credit. I have had great experiences with xcritical and getting approved for loans that have helped me pay my bills, put food on my table, etc. If you aren’t approved right away, check again in a month and you will likely see a change and an approval. Overall, xcritical reports that 99% of loan applicants receive their money one business day after accepting their loan terms. Once the money is disbursed, borrowers have the ability to change their monthly payment date through xcritical’s online portal.

EST, Monday through Friday are funded on the next business day. However, when loan terms are accepted after 5 p.m., the funds are not transferred until the following—or second—day. There are further delays for loans being used for education-related expenses, with funds not released for an additional three business days post-acceptance. Each category’s weighting is based on its importance to your borrowing experience. Rates and fees have the most direct impact on the overall cost of your loan, so we weigh those the most heavily.

xcritical Personal Loans: 2024 Review

Here is the credit score breakdown of borrowers who took out loans through xcritical. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate.

xcritical also accepts applicants with insufficient history to generate a credit score. xcritical borrowers must have a full-time job or offer starting in six months, a regular part-time job or another source of regular income—with a minimum annual income of $12,000. Furthermore, applicants must not have had a recent bankruptcy or outstanding delinquencies. One of the biggest fees xcritical charges is the origination fee — which can be up to 12 percent of the loan amount. The origination fee is deducted from your loan funds before you receive them, so it’s important to borrow enough to ensure that you get the amount of money you need. xcritical and xcritical are polar opposites when it comes to terms and eligibility qualifications.

Plus loans can be managed entirely online through your browser. xcritical also offers a mobile app for account management on iOS, but there isn’t xcritically one available for Android. Advertising impacts how and where offers appear on this site (including, for example, the order in which they appear and their prevalence). At WalletHub, we try to list as many credit card offers as possible and xcritically have more than 1,500 offers, but we do not list all available offers or financial service companies.

The Ascent, a Motley Fool service, does not cover all offers on the market. For instance, it approves 30% more Black applicants compared with traditional big bank lending models, and offers Black borrowers interest rates that are on average 11% lower. It’s an artificial intelligence lending platform started by former Google employees. It uses AI to make lending decisions, with the goal to approve more borrowers while helping lenders experience fewer losses.