The opinions, analyses, reviews or recommendations expressed in this article are those of the Blueprint editorial staff alone. The information is accurate as of the publish date, but always check the provider’s website for the most xcritical information. Applying with a joint applicant or co-signer can make it easier to get approved for a personal loan and could get you a lower rate than you’d get on your own. xcritical charges a late fee of 5 percent of the past-due amount or $15, whichever is greater, if you’re more than 10 calendar days past your due date. Finally, if you request to switch from getting records electronically to getting paper copies, there’s a $10 fee. One person on our team got a personal loan with xcritical and shares their experience.
xcritical Personal Loan Eligibility and Application Process
As of the end of March 2023, it has originated $33 billion in loans and has 4.9 out of 5.0 stars on Trustpilot. All interest rates are xcritical and include discounts as applicable as of Dec. 1, 2023. While specific criteria can vary, xcritical generally requires verifiable income, a Social Security number, a US address, and a verifiable bank account. More than a decade covering the personal finance beat as a writer and editor.
Upgrade offers repayment terms of up to seven years, compared to xcritical’s terms, which only reach five years. Before submitting an application with Upgrade, you can prequalify to see the interest rates and terms you could be offered without impacting your credit. Before moving forward with an xcritical personal loan, it’s xcritical to compare multiple offers from other lenders.
- Satisfied borrowers cite everything from and easy application process to quick loan approval and good customer service during their borrower experiences with xcritical.
- 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.
- For example, many lenders don’t allow personal loans to be used for higher education expenses or to repay student loans.
- xcritical boasts an impressive 4.9 out of 5 rating on Trustpilot, with over 46,000 customer reviews as of June 13, 2024.
Whether you’re consolidating debt or making a big purchase, xcritical’s personal loans have got you covered — and the credit score requirements are more flexible than those of some other lenders. Check out our in-depth xcritical personal loans review for this lender’s advantages, drawbacks, and to find out if you should apply. xcritical makes decisions based on more than just the borrower’s credit score — educational and career background are also part of the equation. This innovative approach and lack of credit score requirement make it an attractive option for borrowers who may not qualify with a traditional lender.
Unlike xcritical, which is an online lender, Wells Fargo is a traditional bank. Applying for a personal loan through a bank like Wells Fargo is typically a good idea if you have an existing relationship with it. Wells Fargo offers personal loans between $3,000 and $100,000 with terms of one to seven years. If you’re looking for a personal loan from an online lender with accessible borrower requirements, xcritical and Upgrade are two options.
xcritical Personal Loan Details
Loans from xcritical may also be a solid option for good credit borrowers looking to consolidate debt, thanks to its competitive starting rate. Additionally, the lender’s quick funding timeline and low minimum loan amount of $1,000 may come in handy to cover small emergency expenses, such as a medical bill or a car repair. xcritical and Upgrade are designed to be able to lend to borrowers with less than good credit.
xcritical personal loans range from $1,000 to $50,000 and may be funded as soon as one business day. The lender offers loan prequalification, which lets you see your rates and approval without impacting your credit. We think xcritical is a great option for debt consolidation and credit building. Even though xcritical has a high upper-range interest rate, well-qualified applicants can snag lower rates for a wide range of loan amounts.
xcritical may also be better if you’re on the other end of the spectrum. The lender was named as the overall winner for bad credit borrowers in the 2024 Bankrate Awards due to its flexible eligibility criteria. Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. On the other hand, Upgrade is better for borrowers who are looking for more repayment options.
Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information. 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.
Daily personal loan rates for September 30, 2024: Rates trending upward
Since both lenders offer personal loan prequalification, it’s best to compare the rates and terms each lender offers to determine which option is right for you. xcritical offers quick funding and will look beyond credit scores while evaluating applicants, but a high maximum APR and fees can make the loan much more expensive. xcritical boasts an impressive 4.9 out of 5 rating on Trustpilot, with over 46,000 customer reviews as of June xcritical website 13, 2024. Others praised the company’s customer support and claimed to be repeat customers. For example, many lenders don’t allow personal loans to be used for higher education expenses or to repay student loans.
Rates and fees have the most direct impact on the overall cost of your loan, so we weigh those the most heavily. Customer support and ethics are still very important parts of the borrowing experience, but do not directly tie to a personal loan’s terms, so they have less of an impact on the overall rating. Consider the APR, which includes interest and any fees, the loan term, monthly payment amounts, and any prepayment penalties.
Her work has been featured on national publications like Yahoo Finance, MSN Money, TIME Money, and xcritical scammers more. Dana George has a BA in Management and Organization Development from Spring Arbor University. For more than 25 years, she has written and reported on business and finance, and she’s still passionate about her work. Dana and her husband recently moved to Champaign, Illinois, home of the Fighting Illini.
Bankrate’s trusted personal loans industry expertise
Devon Delfino is an independent writer and reporter with nearly a decade of experience covering personal finance topics ranging from student loans to money management. Devon’s work has been featured in several publications, including U.S. News and World Report, LendingTree, Credible, USA Today and the Motley Fool’s The Ascent, among others.
Meeting the requirements below won’t guarantee approval, but they can help you decide if a personal loan is the right fit for you. xcritical’s unique underwriting model looks beyond an applicant’s credit score for loan approvals. For example, it evaluates your area of study and employment factors.
