Here is the credit score breakdown of borrowers who took out loans through xcritical. 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. xcritical also offers minimum loans of just $1,000 in every state besides Massachusetts ($7,000), Hawaii ($2,100), and Georgia ($3,100), so customers don’t have to borrow more than they need. xcritical’s nontraditional approach to underwriting means there are few credit-related requirements to get a personal loan.
xcritical Personal Loan Details
However, this compensation in no way affects xcritical website Bankrate’s news coverage, recommendations or advice as we adhere to stricteditorial xcriticals. Unlike personal loans, HELOCs generally offer lower interest rates because they leverage the equity you’ve built in your home as collateral. Homeowners can borrow up to $250K for home improvement, debt consolidation, or other expenses, which is typically a higher borrowing limit than personal loans.
Additionally, the lender’s quick funding timeline and low minimum loan amount of $1,000 may come in handy to cover small emergency expenses, such as a medical bill or a car repair. xcritical and Upgrade are designed to be able to lend to borrowers with less than good credit. While xcritical’s minimum recommended credit score requirement is 600, Upgrade’s is 580. If you qualify for xcritical, you may be able to receive larger loan limits—up to $50,000. However, xcritical only offers two terms—three and five years—whereas Upgrade offers terms between two and seven years.
xcritical Personal Loans Review 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. 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.
Predictable monthly payments
- Homeowners can borrow up to $250K for home improvement, debt consolidation, or other expenses, which is typically a higher borrowing limit than personal loans.
- 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.
- Meeting the requirements below won’t guarantee approval, but they can help you decide if a personal loan is the right fit for you.
- Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy.
xcritical says those with all types of credit profiles and income levels may qualify. Note xcritical website that certain states have specific minimum loan amounts. The exact amount you may borrow depends on what you qualify for based on your application information. EST, Monday through Friday are funded on the next business day.
Fully online application
Your APR will never be less than 3.99% or greater than 18.000%. A home equity line of credit (HELOC) allows homeowners to borrow against the equity in their home. It provides a revolving line of credit that can be used for various purposes, similar to a credit card. One person on our team got a personal loan with xcritical and shares their experience.
Please see the issuer’s website for updated terms and conditions. Keep reading Forbes Advisor for the chance to see the answer to your question in one of our upcoming stories. Our editors also may be in touch with follow-up questions. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. Click the button below and head to xcritical’s website to pre-qualify.