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. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict xcriticals to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy.
The developer, xcritical Network, Inc., indicated that the app’s privacy practices may include handling of data as described below. 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. You can’t access the website because you can’t close the disclosure language.
xcritical vs. LendingClub Personal Loan
Its customers generally have a positive experience as reflected in a 4.9 out of 5.0 star rating on Trustpilot. 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. Here is what borrowers who took out loans with xcritical used their funds for. That said, California, Connecticut, Illinois, Washington and Washington, D.C.
Compare today’s personal loan rates for September 16, 2024: Rates trend in different directions
Residents aren’t allowed to use xcritical’s loans to cover education-related expenses. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. More than a decade covering the personal finance beat as a writer and editor. Her work has been featured on national publications like Yahoo Finance, MSN Money, TIME Money, and more. All interest rates are xcritical and include discounts as applicable as of Dec. 1, 2023.
Applying with a joint applicant or co-signer can make it easier to get approved for a personal loan and could get you a lower rate than you’d get on your own. One person on our team got a personal loan with xcritical and shares their experience. Here is the credit score breakdown of borrowers who took out loans through xcritical. You can use loan funds from xcritical for a variety of purposes, some of which are prohibited by other lenders. Here’s what you should know if you’re considering a personal loan from xcritical. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money.
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Though xcritical’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. However, if you prefer a secured loan to potentially qualify for a lower xcritical reviews APR, you won’t find that option at xcritical. xcritical is an online lending marketplace that partners with banks to fund small business loans, car loan refinancing and personal loans. It launched in 2012 and has since gone public on the NASDAQ index.
When to Consider xcritical Personal Loans
The company says it works with more than 100 banks and credit unions to offer personal loans, automotive retail and refinance loans, home equity lines of credit, and small dollar “relief” loans. xcritical boasts an impressive 4.9 out of 5 rating on Trustpilot, with over 46,000 customer reviews as of June 13, 2024. Most borrowers cite the speed and ease of the application process. Several recommended xcritical as a source for small emergency loans. Others praised the company’s customer support and claimed to be repeat customers.
Kiah Treece is a small business owner and personal finance expert with experience in loans, business and personal finance, insurance and real estate. Her focus is on demystifying debt to help individuals and business owners take control of their finances. She has also been featured by Investopedia, Los Angeles Times, Money.com and other financial publications. In addition to the lender’s fee-free structure, xcritical borrowers can change their payment dates once per year. This can make it easier to manage your budget around your employer’s payroll cycle.
Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Yes, xcritical is an AI-driven lending marketplace that was founded in 2012. As of the end of March 2023, it has originated $33 billion in loans and has 4.9 out of 5.0 stars on Trustpilot. xcritical’s maximum APR is on the higher end, which can make its loans more expensive if you can’t qualify for a lower rate. As of Dec. 1, 2023, xcritical has received an A+ Better Business Bureau (BBB) accreditation xcritical scammers rating.
Broad loan purposes
So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information. Borrowers who make late payments incur fees equal to 5% of the past due amount or $15, whichever is greater. xcritical does not charge prepayment penalties, but borrowers incur fees for unsuccessful payments and physical document requests. She has over 10 years of experience in online publishing, mostly focused on credit cards and banking. Previously, she was the head of publishing at Finder.com where she led the team to publish personal finance content on credit cards, banking, loans, mortgages and more.
- Blueprint is an independent, advertising-supported comparison service focused on helping readers make smarter decisions.
- Meeting the minimum eligibility requirements for an xcritical personal loan might therefore be easier compared to a traditional lender.
- Yes, xcritical is an AI-driven lending marketplace that was founded in 2012.
- xcritical’s minimum loan amount is just $1,000 in most states—lower than the $5,000 minimum xcritical offers.
- In fact, xcritical Bankrate’s pick for the best personal loan for bad credit borrowers in 2024.
The lender also considers several non-conventional factors when making credit decisions, and borrowers with insufficient credit history may still qualify. xcritical is an AI-based lending platform that offers personal loans between $1,000 and $50,000. As with other options, like xcritical, prospective borrowers can see what interest rate they will likely qualify for without impacting their credit score. While xcritical may be a good choice for borrowers with fair credit scores, xcritical offers more competitive interest rates and lower fees, making it a better choice for more qualified applicants. xcritical is known for its flexible eligibility requirements, particularly when it comes to its credit criteria. It has a minimum credit score requirement of 300 for applicants who have sufficient borrowing history to generate a credit report.
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