Xcredit loan app: How to apply, interest rate, is it legit and more - Startuppreneur

Xcredit loan app: How to apply, interest rate, is it legit and more

Xcredit loan app give out loan to people without collateral or paper work, and you don’t need to leave your location, with your android phone you are good to go.

Xcredit is a genuine loan company they do not harrass their customer or send derogative message to their customer contacts.


What is xcredit loan app

Xcredit loan app is a finance app that give instant loan to people in Nigeria. The loan company is very fast in disbursing loan, once your loan is approve you will receive credit alat in minutes.

Requirements to get loan from xcredit

To get loan from xcredit you need to meet up with their requirements which are

  • Be a Nigeria and reside in Nigeria
  • You must not have defaulted on any loan before
  • Have bank account and BVN
  • Have good credit score
  • You must be above 18 years of age

How to borrow loan form xcredit

Once you meet up with the requirements the next thing is to apply for loan and this is how to do it


Head over to play store and download xcredit loan app

Launch it and register with your name and email address

You will be asked to submit your BVN and bind your ATM card

Once you are done with the registration

Login to your dashboard, locate and click on loan option

There you will see the amount of loan you are qualify for, click continue

It will prompt you to add your ATM card details if you have not done so

Once you do this a loan will be disburse into your account in less than 20 minutes.

Xcredit loan interest rate and repayment period

Xcredit loan interest rate depend on the repayment period, it is usually between 10% to 24% and the repayment period is between 90 days to 180 days also depends on the amount of loan borrowed.

How you can borrow from xcredit

It depend on your credit score, it is in the range of #10,000 to #500,00. As a first timer you will no get up to this amount but as you take loan and pay back regularly. Amount of loan you can take will increase.

Repayment of xcredit loan

You have two options to repay your xcredit loan you can pay back with your ATM card on the app or ask for their account number and transfer to it. If you are paying back with ATM card ensure you have their correct account.

Is xcredit loan legit

Xcredit is a legit loan app many people have obtain loan from this loan platform but they are not regulated by CBN nor insured by NDIC.

What I like about xcredit loan app

  • No loan service fee
  • Disbursement is fast
  • No discrimination, anybody can obtain loan
  • No collateral or paper work

What I dislike about xcredit loan app

  • Their interest rate is much
  • The repayment period is short


Xcredit loan address
2nd floor of Wing A, South Atlantic Petroleum Towers 1, Adeola Odeku Street, Victoria Island in Lagos State, Nigeria

Xcredit email address
[email protected].


Xcredit loan will give you instant loan provided that you have good credit score, but obtain loan that you can pay back to avoid embarrassment.

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