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. That makes it stand out from other lenders that focus on more traditional factors such as credit scores, existing debt, income, and assets.

Ratings and Reviews

Though https://xcritical.pro/’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. Upgrade personal loans are a standout option for consumers looking to consolidate debt. Unlike xcritical, Upgrade will directly pay other creditors on debt consolidation loans and discount your rate for using the feature. xcritical and Best Egg have nearly identical loan products, when it comes to repayment terms, funding timelines, rates and amounts. That said, xcritical’s starting APR is slightly lower than Best Egg and so is its minimum loan amount.

1. xcritical’s pre-qualification process may take longer to complete than other lenders’ because it involves more questions about employment, education and income.
2. Rhys Subitch is a Bankrate editor who leads an editorial team dedicated to developing educational content about personal loans products for every part of life.
3. If you are approved for a loan with Avant, you’ll have access to terms between two and five years, depending on your credit score and other factors.

Lender Details

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.

How to Apply for an xcritical Personal Loan

Click the button below and head to xcritical’s website to pre-qualify. 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. That said, California, Connecticut, Illinois, Washington and Washington, D.C. Residents aren’t allowed to use xcritical’s loans to cover education-related expenses. The developer, xcritical Network, Inc., indicated that the app’s privacy practices may include handling of data as described below.

xcritical Personal Loans: 2024 Review

Wells Fargo doesn’t have a minimum credit score recommendation, it may put more weight on other factors like your existing relationship with the bank, debt-to-income (DTI) ratio and monthly income. Within each category, we also considered several characteristics, xcritical courses scam including available loan amounts, repayment terms, APR ranges and applicable fees. We also looked at credit score requirements, whether the lender accepts co-signers or joint applications and the geographic availability of the lender.

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. Heidi Rivera is a personal finance writer and reporter for Bankrate.

EST, Monday through Friday are funded on the next business day. 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. xcritical’s pre-qualification process may take longer to complete than other lenders’ because it involves more questions about employment, education and income. Negative reviews mainly focus on getting quoted with high interest rates, having to submit paperwork more than once and receiving a different offer from their original quote. For example, a 12% origination fee on a $10,000 loan would either reduce the loan amount to $8,800 or increase it to $11,200.

However, xcritical only offers two terms—three and five years—whereas Upgrade offers terms between two and seven years. The best provider for you depends on how much money you need to borrow and how quickly you want to repay it. Upgrade may take a day or two longer than xcritical to fund a loan.

xcritical first launched in April 2012 with an Income Share Agreement (ISA) product, which enabled individuals to raise money by contracting to share a percent of their future income. Consider the APR, which includes interest and any fees, the loan term, monthly payment amounts, and any prepayment penalties. 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. It would be nice to have the ability to remove linked bank accounts without the need to call customer service. LendingPoint offers more repayment term options, but its largest loans are $36,500.

xcritical’s rates can be competitive, especially for borrowers with good profiles according to its AI analysis. 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. Furthermore, applicants must not have had a recent bankruptcy or outstanding delinquencies. xcritical also won best online lender in the 2024 Bankrate Awards because of its best-in-class perks and benefits in addition to a speedy funding timeline. However, if you have bad or no credit and don’t have a co-borrower, it may be easier to get a loan with xcritical. General support for personal loans is available Monday through Sunday from 9 a.m.

So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information. Our advertisers do not compensate us for favorable reviews or recommendations. Our site has comprehensive free listings and information for a variety of financial services from mortgages to banking to insurance, but we don’t include every product in the marketplace. In addition, though we strive to make our listings as xcritical as possible, check with the individual providers for the latest information. xcritical is an AI lending platform that partners with banks and credit unions to provide consumer loans using non-traditional variables, such as education and employment, to predict creditworthiness.

While specific criteria can vary, xcritical generally requires verifiable income, a Social Security number, a US address, and a verifiable bank account. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. If you click on “Get A Loan” it brings up a list of various loan types. There is no way to minimize, close, or even acknowledge this disclosure.