Xcredit loan App is a platform where you can borrow money with your Smartphone anytime, anywhere and any day in Nigeria.
What is Xcredit Loan App?
Xcredit loan App is a platform where you can borrow money with your Smartphone anytime, anywhere and any day in Nigeria. Xcredit makes it easy for in Nigeria to access a loan, anytime, anywhere.
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Where is Xcredit Located?
Xcredit located at Tower 1, Adeola Odeku Street, Victoria Island, Lagos State, Nigeria. Where Xcredit have their office.
In which countries does Xcredit operate?
At this point of time, Xcredit operates only in Nigeria.
How Xcredit Loan App Works
Xcredit loan App is a platform where you can borrow money with your Smartphone. Located at tower 1, adeola Odeku Street, Victoria Island, Lagos State, Nigeria where they have their Office Address.
Like other loan apps in Nigeria, Xcredit loan app claims to be safe and reliable loans in Nigeria, your 24/7 Mobile finance provider.
Xcredit finance could loan you 5000- 500,000 Naira, unlike other loan apps in Nigeria that would only loan you 50,000 Naira.
To get started and loan money from Xcredit, you have to create an account on Xcredit app, and you must be 18 years old and above.
Which Bank Account does Xcredit Accepts?
Xcredit have to specific bank Account they accepts any bank account
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Xcredit App download
The step to download Xcredit App:
1. Simply go to your play store or click on the Link for updated Xcredit App
2. Search for Xcredit app
3. Install the app in your Smartphone.
Xcredit Sign Up | Registration
The steps to Register/Signup on Xcredit LoanApp are listed below:
1. Download the Xcredit Loan App from Play Store
2. Install the Xcredit loan app on your phone.
3. Open the Xcredit App
4. Input your phone number then click on the right arrow to continue.
5. After that an O.T.P will be sent to you, in the O.T.P to continue.
6. Input your preferred Password, then click on the arrow to continue.
7. After a successful registration, you can now request for loan through the App.
Xcredit Loan App Login/Signup
To login/signup to your Xcredit Loan App, follow the steps below.
1. Put in your username
2. Put in your password
How to borrow money from Xcredit Loan App?
To apply for a loan in Xcredit Loan App, the following steps are required.
1. Create your account
2. Apply for a loan
3. Receive your loan straight into your bank account
4. Build your loan limit every time you repay a loan
Your loan is sent to you right through your Nigeria bank account.
Xcredit Maximum loan Limit
500,000 Naira is the maximum loan limit of Xcredit which can later be increased if you borrow and pay more often from Xcredit.
Xcredit Loan Interest Rate
Xcredit Interest rate: 12%-24% APR. i.e. If the loan amount is ₦5,000, the loan term is 180days, and the Interest rate is 12%, the total Interest should be ₦5,000 * 12% = ₦600.
The total amount due would be ₦5,000+₦5,000 * 12% = ₦5600.
The XCredit offer Loan App:
1. Loan Amount: ₦5,000 - ₦500,000
2. Loan Term: the shortest tenor is 91 days, the
longest is 180 days
3. Interest rate: 12%-24% APR
4. Service Fee: 0%
5. Loan request: Need to be at least 18 years
old or above
Example: If the loan amount is ₦5,000, the loan
term is 180days, and the Interest rate is 12%, the total Interest should be
₦5,000
12% = ₦600.
The total amount due would be ₦5,000+₦5,000 *
12% = ₦5600.
Who is the Owner of Xcredit
No information about the owner of Xcredit was shared on their platform.
Is Xcredit Loan App Legit?
Xcredit Loan App seems to be legit. Xcredit loan app has a 4.2-star rating on play store with over 1 million downloads on Play Store. And there has been no complain about this platform by its users.
Is Xcredit Loan App Scam?
Xcredit Loan App is not scam. The funny thing about Xcredit Loan App is their High Interest Rate. You need to be aware of this before borrowing money from Xcredit.
Conclusion
Thank you for stopping by to read my Xcredit Loan App Review. Please you can also share your personal review with us in the comment box below. Thanks.
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