Hello! To all new users of the XCredit platform who do not know how to apply for a loan on XCredit, this article is made for you. This is because all the necessary information you need to know about applying online for a loan with this money-lending platform will be available in this blog post, so keep on reading.
Furthermore, applying for a loan with XCredit is hassle-free and easy to do. What’s more, for those who do not know, XCredit is a mobile app platform created by a fintech organization that is based in Lagos State. In addition, this platform can only be accessed online, and they have an office situated in Lagos State, Nigeria.
But that won’t be necessary when you can access all of its amazing services online. However, the XCredit loan app is available only for Android devices. Therefore, you can download the app from the Google Play Store. In other words, iOS devices and desktop users cannot access the XCredit platform. So, if you have an Android device, install the app and join the world of XCredit.
Requirements For XCredit Loan
Before applying for a loan on this platform, there is some valid and necessary information that you need to provide. What’s more, there are some important criteria that you need to meet before you get a loan. They include:
- Applicants need to be 18 years of age or older to borrow from XCredit.
- You will need an Android device.
- Internet connection.
- Bank Verification Number (BVN) as well as other personal information.
- A valid phone number.
- Account number.
- Applicant’s bank details.
So, if you are able to put all of this information together and meet the eligibility criteria, then you can freely apply for a loan.
Why Should I Use XCredit?
Is XCredit legit? A lot of users are curious about this question, and I am sure that you must have heard a lot about this platform, both negative and positive. But here is what you need to hear: XCredit is an online, legit platform that provides borrowers with loans. I mean considering the way a lot of people have secured a loan from them.
Furthermore, it is very quick and easy to access. Equally important, collateral is not required to secure a loan from this platform. Zero service fees and no paperwork are the perks you get for using XCredit.
How To Download the App
Since you are aware that only Android users can access the XCredit platform, iOS device users cannot do so unless they have an Android device. So, to download the XCredit app, here is what you need to do:
- Connect your device to the internet.
- Go to Google Play Store.
- Use the search bar to find the XCredit app.
Once you find it, click on it to expand your options. Then, tap on the Install option, and the app will start downloading.
How to Apply for a Loan on XCredit
Applying for a loan on XCredit is not difficult. Just as long as you have the right information and are following the appropriate steps, performing this procedure will be a piece of cake. This is why I will be guiding you by providing you with the steps you need to follow:
- Connect to the internet.
- Open the XCredit app on your phone.
- Register for an account.
- Enter your personal information and BVN.
- Email address.
- Full name.
- Phone number.
- Then, create a strong password.
- Once you successfully sign up for an account, you can then proceed to apply for a loan.
Follow the prompts, and you will be able to get the perfect loan amount. Once your application gets approval, you will receive the funds in your account.
How To Repay Your Loan on XCredit
When it is time to repay your loan but you do not know how to do so before the due date, this section will help you. I will be assisting you with the steps you need to follow to be able to pay back the loan and avoid default.
- Launch the XCredit app on your phone.
- Tap on the My Loan option.
- Next, choose the loan you want to pay back.
- Then, tap on the Repay in Advance tab.
- Make sure that all the details you entered are accurate.
- After confirming, tap on Repay Now.
- Next, choose your preferred mode of payment and tap Pay.
Once you do, the dashboard, after it has been updated, will show that your loan has been paid. But you do not have to worry if you overpay a loan because the excess amount will be refunded within 15 days.