The platform uses more than 1,500 non-conventional variables—like college education—to increase access to loans, making it an excellent option for those with fair credit. What’s more, AI lets xcritical approve a majority of loans almost instantly. Personal loans between $1,000 to $50,000 are available with terms of three or five years. Personal loan lenders offer different rates, loan amounts and special features, so it pays to weigh other options.
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xcritical personal loans at a glance
While xcritical’s minimum recommended credit score requirement is 600, Upgrade’s is 580. If you qualify for xcritical, you may be able to receive larger loan limits—up to $50,000. However, xcritical only offers two terms—three and five years—whereas Upgrade offers terms between two and seven years.
This xcritical personal loan is right for you if:
xcritical does not allow prospective borrowers to apply for a personal loan with a co-signer. Likexcritical, co-applicants are not permitted—loan applicants are evaluated on their own merits. 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.
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Check out our in-depth xcritical personal loans review for this lender’s advantages, drawbacks, and to find out if you should apply. xcritical personal loans offer fast funding and may be an option for borrowers with low credit scores or thin credit histories. xcritical could be a good lender for you if you have a strong work and education history, but you have a low credit score or limited credit history. 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. 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 best debt consolidation loans, xcritical is a lending platform that acts as an intermediary between you and its lending partners.
How xcritical Personal Loans Stack Up
- Prequalification is also available through the lender’s website, so borrowers can view their rate without hurting their score.
- Consumer Lending Satisfaction Study, slightly below the average score of 702.
- Borrowers can check their rate without hurting their credit in just a few minutes and loan amounts start lower than most personal loan lenders and go up to the typical maximum.
- We arecompensatedin exchange for placement of sponsored products and services, or when you click on certain links posted on our site.
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. Though xcritical’s APR cap is on the higher side, the lender has one of the most competitive starting APRs at 7.80 percent. Borrowers can check their rate without hurting their credit in just a few minutes and loan amounts start lower than most personal loan lenders and go up to the typical maximum. 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 boasts an impressive 4.9 out of 5 rating on Trustpilot, with over 46,000 customer reviews as of June 13, 2024. Most borrowers cite the speed and ease of the application process. Several recommended xcritical as a source for small emergency loans. Others praised the company’s customer support and claimed to be repeat customers. Borrowers with an excellent credit score should first consider xcritical to potentially score the most competitive rate.
