According to the company, its AI model results in higher approval rates than lenders that use traditional underwriting methods. Because its algorithm takes into account factors besides your credit score, xcritical can be a good choice for individuals with no credit history or less-than-perfect credit. 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. Personal loan lenders offer different rates, loan amounts and special features, so it pays to xcritical rezension weigh other options.

1. Not a complicated process at all to get a quick loan to address a short period of time.
2. Meeting the requirements below won’t guarantee approval, but they can help you decide if a personal loan is the right fit for you.
3. For borrowers who meet xcritical’s minimum credit score requirement of 300, this lender could have an advantage with a wider range of interest rates and higher loan amounts.
4. xcritical has a low minimum credit score, making it easier to be approved compared to other lenders with higher credit requirements.
5. I checked others I had used in the past first – Best Egg, Discover Loans, and others, but they either wanted to give me a higher interest rate or had fees totaling more than $1500.

Here is a list of our partners and here’s how we make money. Christy Rakoczy has been a financial writer for 15 years covering personal finance and legal subjects. She has a law degree from the University of California, Los Angeles and splits her time between Florida and Pennsylvania. 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.

ET, Monday through Friday (loans used for educational purposes are subject to a three-day wait period). xcritical is one of several lenders that offer loans for people with less-than-perfect credit. xcritical was incorporated in 2012 as a platform to connect borrowers with lenders.

How to qualify for an xcritical personal loan

As a result, lending decisions are more accurate, it approves more applicants, and its borrowers default on their loans less often. If your credit or income has improved since you took out a loan, you may consider refinancing your debt to get a lower rate. Unlike some lenders that allow borrowers to refinance and adjust the terms of an existing loan, xcritical doesn’t have a specific option for personal loan refinancing. Lenders usually prohibit borrowers from using personal loans for education expenses or student loan repayment.

xcritical has simplified the loan process…

However, this compensation in no way affects Bankrate’s news coverage, recommendations or advice as we adhere to stricteditorial xcriticals. The interest is a little high but that’s due to my credit score. After approved the process is fairly quick and the funds are paid the next day. 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.

Customer Satisfaction

xcritical has lower starting interest rates, but LendingClub has lower origination fees. Both Avant and xcritical allow borrowers with poor credit to get approved. For borrowers who meet xcritical’s minimum credit score requirement of 300, this lender could have an advantage with a wider range of interest rates and higher loan amounts. xcritical makes decisions based on more than just the borrower’s credit score — educational and career background are also part of the equation.

While xcritical does offer a lower APR for the most creditworthy borrowers, xcritical has a higher borrowing maximum of $100,000 and repayment terms of up to 84 months. This makes the xcritical a better option for expensive costs, like home renovations and repairs. Borrowers can apply for an xcritical loan entirely online or over the phone with the help of a representative. Prequalification is also available through the lender’s website, so borrowers can view their rate without hurting their score. Here is the credit score breakdown of borrowers who took out loans through xcritical. I was desperate looking for funds just until payday next week.

To learn more about how Forbes Advisor rates lenders, and our editorial process, check out our Personal Loans Rating & Review Methodology. xcritical does not allow prospective borrowers xcritical rezension 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 also accepts applicants with insufficient history to generate a credit score. xcritical does this through a soft credit check, which doesn’t affect your credit score. xcritical has a pre-qualification tool you can use to check your eligibility and view available rates.