Xcredit Loan: Apply N5,000 to N500,000

If you need a quick and easy loan without paperwork or collateral, consider Xcredit.

The Lagos-based fintech company developed a mobile loan app for online personal loan applications.

Xcredit verifies your identity and credit score using your phone data, including SMS history.

The best part? You can apply from home. Keep in mind that loans have a maximum tenor of 180 days.

However, Xcredit charges no service fees and offers a 12% interest rate, making it a great option for short-term loans.

Don’t hesitate, download the app today, and receive your funds in minutes.


How To Apply For Xcredit Loan N5,000 to N500,000

  • Download the Xcredit mobile loan app from the Google Play Store on your Android device.
  • Register by providing requested information and documentation.
  • Log in to the app to access the loan application feature.
  • Provide loan amount, repayment period, and bank account details on the application page.
  • Click on the ‘Apply’ button to submit your loan application.
  • The app will assess your creditworthiness by analyzing your phone data, including your SMS history, to determine your loan limit.
  • Loan amount directly transferred to bank account if approved.
  • Use the loan amount to meet your financial needs or emergencies.
  • Repay loan promptly to avoid penalties and boost credit score.
  • Loan limit increases as you repay, allowing higher future loan amounts.

Xcredit Loan Legitimacy and Customer Care

Legitimacy: Xcredit loan platform is able to grant loans to its users, indicating its legitimacy. But, it’s important to consider other factors as well to determine if Xcredit Loan is legitimate or not.

Customer Care: Xcredit has received numerous complaints about its customer service. Some customers claim unprofessionalism in the way they are contacted when their loan expires.

Contacting Xcredit: To reach Xcredit, search for their Facebook page ‘Xcredit.’ The page does not have a customer care number or any other Xcredit contact information. Messaging the platform is the only way to contact them.

Pros and Cons of Xcredit Loan:


  • Quick and easy access to loans.
  • No need for collateral.
  • No paperwork required.
  • Zero service fee charge.


  • Xcredit loan is only available for a maximum tenor of 180 days, making it suitable for short-term loans only.
  • The maximum loan amount available from Xcredit is N500,000.

Minimum and Maximum Loan Amounts

Xcredit offers a minimum loan amount of N5,000 and a maximum of N500,000.

Interest Rates

The interest rate for Xcredit loans is 12% of the amount borrowed. For instance, if you borrow N10,000 for a 120-day tenor, the total interest at maturity will be N1,200.

Service Charges

Xcredit does not charge any service fees on loans. The money you borrow is sent directly to the bank account you choose.

Minimum Requirements and Application Process

To qualify for an Xcredit loan, you need a functional bank account and an Xcredit account. Follow these steps to apply for a loan:

  1. Get the Xcredit mobile app from the Google Play Store and install it on your device.
  2. Create your Xcredit account and input all necessary information.
  3. Apply for a loan.
  4. The loan amount will be disbursed directly into your bank account.
  5. Your loan limit increases with each repayment.

Loan Disbursement

Xcredit disburses loan funds within minutes of the application.

Repayment Terms

The repayment terms for Xcredit loans include an interest rate of 12% and a maximum tenor of 180 days.

Pros and Cons

Pros of Xcredit loans include quick and easy access to loans, no collateral or paperwork required, and zero service fee charges. On the other hand, cons include a maximum tenor of 180 days, making it suitable for only short-term loans, and a maximum loan amount of N500,000.


Xcredit loans provide a quick and easy way to access funds in case of emergencies or unexpected expenses. With no collateral or paperwork required, it is accessible to anyone with a bank account.

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