Xcredit Loan App is a mobile application platform created by a Lagos-based fintech firm. Although they have an office in Lagos, Nigeria, the platform is entirely online. You are not need to visit their office in order to benefit from their services.

Xcredit Loan App

The Xcredit loan app is only available for Android smartphones on the Google Play Store at the time of publication. You may quickly obtain a personal loan using the app. They do this by verifying your identification and generating a credit score using data from your phone, including your SMS history.

How To Apply For A Loan

It’s simple to apply for an Xcredit loan. All you have to do now is follow the steps below:

  • Create an account
  • Apply for a loan
  • Receive your loan straight into your bank account
  • Build your loan limit each time you repay a loan

Is Xcredit Loan A Scam?

We can claim that is legitimate because we have witnessed a lot of people acquire loans from them. To be considered legitimate, a loan platform should be able to grant loans, right? Maybe not, though.

Customer Service

We’ve observed a lot of negative feedback concerning Xcredit’s customer service. Some clients complain that customer care representatives were unprofessional in their communication with them when their loan was about to expire.

You can find them on Facebook by searching for ‘Xcredit.’ There is no customer service number or other Xcredit contact information on the page. You’ll have to send a message on the platform.

Pros and cons of Xcredit Loan


  1. Quick and easy access to loans.
  2. No collateral.
  3. No paperwork.
  4. Zero service fee charge.
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  1. Xcredit is available for a maximum tenor of 180 days. This makes it suitable for only short term loans.
  2. They currently only offers loans up to N500,000.

What are the minimum and maximum amounts you can borrow from Xcredit?

The Minimum loan amount Xcredit offers is N5,000, and a maximum of N500,000.

Interest rates

Xcredit offers an interest rate of 12% of the amount borrowed. For example, if you borrow N10,000 for a tenor of 120 days, then at maturity, the total interest would be:

N10,000 * 12% = N1,200.

Are there other charges applicable to Xcredit?

No, there isn’t. Xcredit charges a 0% service fee on every loan you borrow. The loan amount is sent directly to your preferred bank account.

What are the minimum requirements for taking an Xcredit loan and how do I apply?

All you need to obtain a loan from Xcredit is a functional bank account and an account with Xcredit. Follow the steps below to apply for a loan:

  1. Download and install the XCredit mobile application form google play store.
  2. Create your XCredit account and input all requested information.
  3. Apply for a loan.
  4. They pay the loan directly into your bank account.

Note that your loan limit builds up every time you repay a loan.

How quickly are Xcredit loan funds released?

It only takes a matter of minutes from application to disbursement of the loan into your account.

Xcredit Repayment terms

Terms that apply to the repayment of Xcredit loans are:

  1. An interest rate of 12% the amount borrowed.
  2. A maximum tenor of 180days, after which the loan would have to be paid.
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Taking loans is easiest with Xcredit. No collaterals, no paperwork, and it is accessible to anyone with a bank account. You should take advantage of this easy loan offered by Xcredit to meet emergency and unexpected needs as they arise. You can learn about loan calculator here.

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