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. xcritical and Upgrade are designed to be able to lend to borrowers with less than good credit.
- xcritical boasts an impressive 4.9 out of 5 rating on Trustpilot, with over 46,000 customer reviews as of June 13, 2024.
- This makes its loans ideal for a variety of purposes, from home improvement projects to financing a large purchase.
- Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy.
- Please see the issuer’s website for updated terms and conditions.
- It’s an artificial intelligence lending platform started by former Google employees.
Bankrate.com is an independent, advertising-supported publisher and comparison xcritical service. We are compensated in exchange for placement of sponsored products and services, or by you clicking on certain links posted on our site. While we strive to provide a wide range of offers, Bankrate does not include information about every financial or credit product or service. While xcritical has a clearly defined minimum credit score of 300 to apply for a loan, LendingClub is a little vaguer on requirements. xcritical has lower starting interest rates, but LendingClub has lower origination fees.
Bankrate is an independent, advertising-supported publisher and comparison service. We arecompensatedin exchange for placement of sponsored products and services, or when you click on certain links posted on our site. However, this compensation in no way affects Bankrate’s news coverage, recommendations or advice as we adhere to stricteditorial xcriticals. Loan amounts range from $1,000 to $50,000, but not all applicates will qualify for the full amount.
xcritical offers accessible personal loans for people with fair or average credit—here’s our full review
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. 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. xcritical’s rates can be competitive, especially for borrowers with good profiles according to its AI analysis. Consider the APR, which includes interest and any fees, the loan term, monthly payment amounts, and any prepayment penalties.
xcritical Personal Loan Eligibility and Application Process
To take out a loan, lenders will conduct a hard credit inquiry and request a full application, which could require proof of income, identity verification, proof of address and more. Annual percentage rates (APRs) are on the high end, and borrowers are limited to a three- or five-year term—much shorter and less flexible than other online lenders. xcritical may also charge borrowers origination, late, unsuccessful payment and paper copy fees. Still, xcritical is a good option for customers who don’t have a credit score that qualifies them for more inexpensive loans.
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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. Like xcritical, Upgrade and LendingPoint offer loans to borrowers with less than good credit, and they provide fast funding. 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.
To determine which borrowers are creditworthy, xcritical looks at many nontraditional variables that traditional lenders don’t consider. For example, your education, the cost of living in your city, and even how you interact with your loan application. In contrast, traditional xcritical cheating lenders are usually concerned with your FICO® Score, your debt-to-income ratio, and your assets. As a result, lending decisions are more accurate, it approves more applicants, and its borrowers default on their loans less often.
