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Xcredit Review: Xcredit Loan App, is Xcredit Legit/Real or Scam/Fake?
Xcredit loan App is a platform where you can borrow money with your Smartphone anytime, anywhere and any day in Nigeria.
In this Xcredit Loan App Review, I will be discussing all you need to know about Xcredit Loan App like “Is Xcredit Loan App Legit” “Is Xcredit Loan App Scam?” “Xcredit Loan App Download” “Xcredit Loan App Signup” “Who is the owner of Xcredit Loan App” “Xcredit Loan App Login” “How to borrow from Xcredit Loan App” “Xcredit Loan App Loan Limit” “Xcredit Loan App Referral” and Many more about Xcredit Loan App will this discussed in this Xcredit Loan App Review.
Let’s get started…..
What is Xcredit Loan App?
Xcredit loan App is a platform where you can borrow money with your Smartphone anytime, anywhere and any day in Nigeria.
Xcredit Loan App is a similar fund borrowing app like Carbon loan app, Lcredit Loan App, Okash Loan App and many more. You can receive loan ranging from 5,000 – 500,000 Naira, unlike other loan app that will only give you access to a limited amount of loan. That is why Xcredit Loan App seems to be different.
How Xcredit Loan App Works
Xcredit loan App is a platform where you can borrow money with your Smartphone. Located at tower 1, adeola odeku street, Victoria island, Lagos State, Nigeria where they have their Office Address.
Like other loan apps in Nigeria, Xcredit loan app claims to be safe and reliable loans in Nigeria, your 24/7 Mobile finance provider.
Xcredit finance could loan you 5000 – 500,000 Naira, unlike other loan apps in Nigeria that would only loan you 50,000 Naira.
To get started and loan money from Xcredit, you have to create an account on Xcredit app, and you must be 18 years old above.
To apply for a loan on Xcredit , all you just need is to Create your account, Apply a loan, Receive your loan straight into your bank account. Build your loan limit every time you repay a loan.
Which Bank Account does Xcredit Accepts?
Xcredit have to specific bank Account they accepts any bank account.
Xcredit App download
Xcredit Loan Application is very easy to download as everyone with little internet knowledge can do it. Simply go to the play store, search Xcredit app download and install in your Smartphone.
You can Also click here to Download the Xcredit Loan App. CLICK HERE
How to Register on Xcredit Loan App/Sign Up
The steps to Register/Signup on Xcredit Loan App are listed below:
- Download the Xcredit Loan App from Play Store
- Install the Xcredit loan app on your phone.
- Open the Xcredit App
- Input your phone number then click on the right arrow to continue.
- After that an O.T.P will be sent to you, in the O.T.P to continue.
- Input your preferred Password, then click on the arrow to continue.
- After a successful registration, you can now request for loan through the Xcredit Loan App.
Xcredit Loan App Login/Signup
To login/signup to your Xcredit Loan App, follow the steps below.
- Put in your username
- Put in your password
How to borrow money from Xcredit Loan App?
To apply for a loan in Xcredit Loan App, the following steps are required.
1. Create your account
2. Apply for a loan
3. Receive your loan straight into your bank account
4. Build your loan limit every time you repay a loan
Your loan is sent to you right through your Nigeria bank account.
Xcredit Maximum loan Limit
500,000 Naira is the maximum loan limit of Xcredit which can later be increased if you borrow and pay more often from Xcredit.
Xcredit Loan Interest Rate
Xcredit Interest rate: 12%-24% APR. i.e. If the loan amount is ₦5,000, the loan term is 180days, and the Interest rate is 12%, the total Interest should be ₦5,000 * 12% = ₦600.
The total amount due would be ₦5,000+₦5,000 * 12% = ₦5600.
Offers from XCredit Loan App
1. Loan Amount: ₦5,000 – ₦500,000
2. Loan Term: the shortest tenor is 91 days, the longest is 180 days
3. Interest rate: 12%-24% APR
4. Service Fee: 0%
5. Loan request: Need to be at least 18 years old or above
Example: If the loan amount is ₦5,000, the loan term is 180days, and the Interest rate is 12%, the total Interest should be ₦5,000 * 12% = ₦600.
The total amount due would be ₦5,000+₦5,000 * 12% = ₦5600.
Who is the Owner of Xcredit
No information about the owner of Xcredit was shared on their platform.
Is Xcredit Loan App Legit?
Xcredit Loan App seems to be legit. Xcredit loan app has a 4.2-star rating on play store with over 1 million downloads on Play Store. And there has been no complain about this platform by its users.
Is Xcredit Loan App Scam?
Xcredit Loan App is not scam. The funny thing about Xcredit Loan App is their High Interest Rate. You need to be aware of this before borrowing money from Xcredit.
Here are some Review by its Users on Google Play Store
“The loan app is a good one, is reliable, and you get the loan easily and fast, just that is only 8days you’re giving to pay back the loan, thought it will increase the money you use it, and also the interest rate is too high, imagine #14850 for #11000 and is only eight days to repay the money, that’s #3850,and not been able to repay the money through the app, that’s really annoying, hope you could help us do something to that, thanks”
“The loan app is a very good one…so fast and very reliable…they disburse to you immediately you pay the previous loan…but we want you to look in to your short period of 7days of using the loan, especially we market women and the way you use to call us often and often even before the due date”
“You are really doing well, but you still need to work on your app. Making payment this time was a little stressful because i couldn’t pay through the app. The alternative solution is ok but i’ll preffer to stick to my payment through the app”
“Am commending this platform for the fast disbursement so far, however it’s been very tedious processing my loan this time around. I was not able to bind my card when applying for loan on the app because the bottom for the agreement did not function and had to skip binding my card which variably affected my loan limit. Pls something should be done to this. Thanks”
“Xcredit has been okay…The interest rate is really high but I never complained about it untill recently, I paid my last loan which was #21,600 and I have been debited almost #30,000, yet they keep sending me annoying message telling me that I still have debts to pay… I’m really getting frustrated, I swear… Please, kindly do the needful and stop sending me annoying messages about debts and kindly teach your Customer care agent how to talk to customer”
“I think the app is cool, but the interest rate is a bit on the high side..once the interest rate is reduced I will come back with a five star rating. Kudos on the time of disbursement.. It took just 3minutes for that I’ll give you guys a 4 star rating”
Conclusion
Thank you for stopping by to read my Xcredit Loan App Review. You can also share your personal review with us in the comment box below.
Hope to see you next time………
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