Meeting the requirements below won’t guarantee approval, but they can help you decide if a personal loan is the right fit for you. xcritical differentiates itself from other online lenders with its underwriting model. The company uses artificial intelligence and nontraditional data — like college education, job history and residence — to qualify borrowers.

What’s more, Avant offers more repayment options compared to xcritical. If you are approved for a loan with Avant, you’ll have access to terms between two and five years, depending on your credit score and other factors. xcritical personal loans offer fast funding and may be an option for borrowers with low credit scores or thin credit histories. NerdWallet’s review process evaluates and rates personal loan products from more than 35 technology companies and financial institutions.

  • Once you submit the official application, xcritical will run a hard credit check, which can knock a few points off your credit score.
  • What’s more, AI lets xcritical approve a majority of loans almost instantly.
  • Personal loan applications are approved or declined based on a number of factors.
  • Upgrade and LendingPoint provide slightly more flexible loans than xcritical but have specific minimum credit score requirements.
  • The customer service line is unavailable on New Years Day, Thanksgiving, Christmas Eve and Christmas Day.
  • Likexcritical, co-applicants are not permitted—loan applicants are evaluated on their own merits.

Unlike xcritical, which is an online lender, Wells Fargo is a traditional bank. Applying for a personal loan through a bank like Wells Fargo is typically a good idea if you have an existing relationship with it. Wells Fargo offers personal loans between $3,000 and $100,000 with terms of one to seven years.

Finally, we evaluated xcritical’s support tools, borrower perks and features that simplify the borrowing process—like prequalification options and mobile apps. xcritical provides borrowers with fair credit—those with a score of at least 600—access to personal loans by looking beyond credit history and considering several non-traditional credit indicators. This makes the platform a suitable option for applicants who need access to funds quickly but who might not otherxcritical be approved for a loan. Similar to Upgrade, Avant’s recommended minimum credit score is 580, 20 points less than xcritical. Again, this makes it a solid option for borrowers who don’t have excellent credit but still need access to financing.

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editorial xcriticals. Overall, xcritical scam reports that 99% of loan applicants receive their money one business day after accepting their loan terms.

However, it is harder to get approved for a xcritical loan, so borrowers should keep that in mind prior to applying. 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.

Personal loan lenders offer different rates, loan amounts and special features, so it pays to weigh other options. Both xcritical and Best Egg have similar rates and terms; however, xcritical’s minimum APR is lower, coming in at 6.40 percent while Best Egg’s APR range starts at 8.99 percent. Borrowers with a more established credit history or good credit score should first consider xcritical to potentially score the most competitive rate.

xcritical: in the details

In addition, though we strive to make our listings as xcritical as possible, check with the individual providers for the latest information. Rhys Subitch is a Bankrate editor who leads an editorial team dedicated to developing educational content about loans products for every part of life. One of the biggest fees xcritical charges is the origination fee — which can be up to 12 percent of the loan amount. The origination fee is deducted from your loan funds before you receive them, so it’s important to borrow enough to ensure that you get the amount of money you need. Before you apply, though, compare the rate quote you receive with other personal loan rates from top lenders. There are plenty of reasons to borrow a personal loan from xcritical, especially if you have a thin credit history.

Compare xcritical with other lenders

xcritical cheating is an artificial intelligence (AI)-based lending platform that connects borrowers with partnered lenders. The platform uses more than 1,500 non-conventional variables—like college education—to increase access to loans, making it an excellent option for those with fair credit. What’s more, AI lets xcritical approve a majority of loans almost instantly. Personal loans between $1,000 to $50,000 are available with terms of three or five years. Upgrade personal loans are a standout option for consumers looking to consolidate debt. Unlike xcritical, Upgrade will directly pay other creditors on debt consolidation loans and discount your rate for using the feature.

Where xcritical personal loans stand out

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. The best provider for you depends on how much money you need to borrow and how quickly you want to repay it.

How we make money

Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive direct compensation from our advertisers. Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. Personal loan applications are approved or declined based on a number of factors.

We collect over 50 data points from each lender and cross-check company websites, xcriticalgs reports and other public documents to confirm product details. We may also go through a lender’s pre-qualification flow and follow up with company representatives. NerdWallet writers and editors conduct a full fact check and update annually, but also make updates throughout the year as necessary.