| Interest Rate | 45% |
| Duration | 7 days |
| Access Level | Public |
| Company Name | XCredit |
| Phone 1 | |
| Phone 2 | |
| Website or Store | https://xcredit.cc/ |
| Address | |
| Category | Dangerous Loan |
| Company Email | help@xcredit.cc |
| Views | 703 |
COMPANY PROFILE
XCredit is a loan app company that provides instant loans to individuals in Nigeria. It was established to help solve the problem of access to credit in the country. The company operates a digital platform that makes it easy for people to apply for and receive loans without having to visit a physical location. XCredit has its headquarters located in Victoria Island, Lagos.
ABOUT US
At XCredit, we believe in providing accessible and convenient financial services to everyone. Our goal is to make getting a loan as easy as possible, and we do this by leveraging the power of technology. Our app is designed to be user-friendly and easy to navigate, so you can apply for a loan quickly and easily. We believe that everyone should have access to credit, regardless of their financial situation or credit history.
COMPANY SERVICES
XCredit offers instant loans of between ₦5,000 and ₦500,000. The loans are provided with a flexible loan term that ranges from 91 days to 180 days. Our interest rate starts at 12% and goes up to 24% APR, and we do not charge any service fees. All you need to apply for a loan is to be at least 18 years old, have a bank account, and have a credit score.
OUR MISSION
At XCredit, our mission is to make financial services accessible to everyone. We believe that everyone should have the opportunity to access credit when they need it, and we are committed to making that a reality. Our goal is to provide fast and reliable loans to individuals in Nigeria, so they can overcome financial challenges and reach their full potential.
Our Vision
Our vision is to become the leading digital loan platform in Nigeria, providing financial services to millions of people across the country. We want to change the way people think about access to credit and make it as easy as possible for individuals to get the loans they need, when they need them.
Our Core Values
At XCredit, we are guided by a set of core values that drive everything we do. These values include:
- Excellent Customer Service: We believe in providing the highest level of customer service to everyone who uses our app. Our goal is to make the loan process as easy and stress-free as possible, and we are always here to help.
- Cooperative Partner: We believe in working closely with our customers to provide them with the best possible loan experience. We are here to help you every step of the way, from the moment you apply for a loan to the moment you repay it.
- Ease of Use: We believe in making our app as easy to use as possible. Our goal is to make the loan process quick and straightforward, so you can get the money you need as soon as possible.
- Security: We take the security of your personal information and data very seriously. We use state-of-the-art encryption technology to protect your privacy and ensure that your information is always safe.
Instant Loans
At XCredit, we offer instant loans that are designed to help you get the money you need, when you need it. Our loans are approved quickly, and the money is sent straight to your bank account, so you can use it right away. Whether you need to cover an unexpected expense or make a big purchase, XCredit has you covered.
What we Offer
At XCredit, we offer fast and convenient loans that are designed to meet the needs of individuals in Nigeria. Our app is easy to use, and our loans are approved quickly, so you can get the money you need when you need it. Our loans are provided with flexible loan terms and competitive interest rates
Expert Counsel
Let's delve into XCredit and its practices. Firstly, it's important to note that this service employs various methods to collect outstanding debts. Instead of directly informing your contacts about your debt, they opt for sending SMS messages to them, indicating that you owe money.
Additionally, XCredit resorts to sending derogatory messages via WhatsApp to your contacts, beginning as early as one day after your repayment deadline. Their repayment plans typically span from 6 to 14 days, making it challenging for borrowers to meet their obligations.
What exacerbates the situation is their high overdue interest rates, ranging from 5% to 7% per day, which can quickly escalate your debt. It's crucial to refrain from repaying them once they tarnish your reputation, as this only serves to enrich them.
Being unlicensed loan apps, XCredit and similar services lack legal recourse. Their primary tool for coercion is defamation. Moreover, attempting to borrow from other loan apps to repay them only exacerbates your financial woes, as you might unknowingly end up borrowing from them again, perpetuating a cycle of debt.
To shield yourself from their relentless pursuit, consider installing Truecaller on your mobile device to identify and block their calls. Additionally, blocking them on WhatsApp and reporting their activities on both WhatsApp and Google Play Store can serve as deterrents.
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Reviews
Agent message to usersThis is from XCREDIT, Iniobong Umoh with phone number 08068178361 borrowed money from XCREDIT for the past 38 days and we don't want this to affect you in any way, please reach out to this person now before it too late
- 4/26/2024
If you're considering using this loan app, think again. The interest rates are outrageous and the customer service is non-existent. Save yourself the trouble and look for a better loan provider.
- 4/19/2023
This loan app is a scam. The interest rates are so high that it feels like they're preying on vulnerable people.
- 4/11/2023
The loan app promised a quick and easy process, but it was anything but that. The high interest rates only added to the stress of trying to pay it back.
- 4/7/2023
I wish I had read the reviews before using this loan app. The interest rates are ridiculous and I ended up in more debt than before.
- 3/29/2023
I used this loan app in a moment of desperation and it only made things worse. The high interest rates meant I ended up paying back way more than I borrowed
- 3/14/2023
The loan app may seem like a convenient solution, but it's not worth the high interest rates. I ended up paying back more than twice the amount I borrowed.
- 3/9/2023
I thought this loan app was my last hope, but it only made my financial situation worse. The high-interest rates made it impossible for me to repay the loan on time.
- 2/22/2023
This loan app is a disaster. The high interest rates make it impossible to pay back the loan on time and the penalties for late payment are outrageous.
- 2/15/2023
I would give this loan app zero stars if I could. The interest rates are criminal and I feel like I've been scammed.
- 1/11/2023
The loan app is a complete rip-off. The interest rates are insane and the repayment terms are designed to trap you in a cycle of debt.
- 1/7/2023
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