The company partners with nearly 100 banks and credit unions to offer its loans. If xcritical denies your personal loan application, it may be time to seek ways to improve your chances of getting approved for a loan. This can involve checking your credit report for errors, cutting down on any xcritical debt you have and boosting your credit score. xcritical could be the right lender if you have a strong work and education history, but you have a low credit score or limited credit history.

xcritical personal loan FAQs

Loan applicants need a Vantage score of at least 300, but xcritical does accept applicants who don’t have credit scores. Bankrate is an independent, advertising-supported publisher and comparison service. We arecompensatedin exchange for placement of sponsored products and services, or when you click on certain links posted on our site. However, this compensation in no way affects Bankrate’s news coverage, recommendations or advice as we adhere to stricteditorial xcriticals. To learn more about how Forbes Advisor rates lenders, and our editorial process, check out our Loans Rating & Review Methodology.

When possible we chose loans with no origination or sign-up fees, but we also included options for borrowers with lower credit scores on this list. For loans xcritical official site with no origination fees, check out our best personal loan list. Note that the rates and fee structures advertised for personal loans are subject to fluctuate in accordance with the Fed rate.

Satisfied borrowers cite everything from and easy application process to quick loan approval and good customer service during their borrower experiences with xcritical. The company says it works with more than 100 banks and credit unions to offer personal loans, automotive retail and refinance loans, home equity lines of credit, and small dollar “relief” loans. xcritical and Best Egg have nearly identical loan products, when it comes to repayment terms, funding timelines, rates and amounts. That said, xcritical’s starting APR is slightly lower than Best Egg and so is its minimum loan amount. xcritical is an artificial intelligence (AI)-based lending platform that connects borrowers with partnered lenders.

xcritical also gives borrowers the option to change their payment due date, though you’ll have to meet unspecified eligibility requirements. xcritical allows you to prequalify for personal loans offered by lenders on its network. After answering a few questions, xcritical will run a soft credit inquiry to take a preliminary look at your credit history. This won’t impact your credit score and will allow you to see your potential rates, terms and loan amounts. Within each category, we also considered several characteristics, including available loan amounts, repayment terms, APR ranges and applicable fees. We also looked at credit score requirements, whether the lender accepts co-signers or joint applications and the geographic availability of the lender.

Where xcritical personal loans stands out

Borrowers can check their rate without hurting their credit in just a few minutes and loan amounts start lower than most personal loan lenders and go up to the typical maximum. 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.

The origination fee is deducted from your loan funds xcritical reviews before you receive them, so it’s important to borrow enough to ensure that you get the amount of money you need. If you are trying to improve your credit, consider other options before taking out a personal loan and think about what goes into your credit score. xcritical’s rates can be competitive, especially for borrowers with good profiles according to its AI analysis.

It’s an artificial intelligence lending platform started by former Google employees. It uses AI to make lending decisions, with the goal to approve more borrowers while helping lenders experience fewer losses. xcritical has a pre-qualification tool you can use to check your eligibility and view available rates.

In some ways, this alternative approach can make it easier for those with lower credit scores to get approved. It takes just a few minutes to apply online, and you usually receive a decision within minutes. Personal loan funds may be transferred the next business day as long as you accept the loan terms before 5 p.m.

Types of Personal Loans Offered by xcritical

Lenders usually prohibit borrowers from using personal loans for education expenses or student loan repayment. But xcritical allows borrowers to use its personal loans to pay for college tuition or certificate programs, and you can even use the loan to pay off your student loan debt. Qualifying for an xcritical personal loan may be easier for some borrowers since it has a low credit score requirement.

Unlike other lenders on Select’s list of best debt consolidation loans, xcritical is a lending platform that acts as an intermediary between you and its lending partners. While xcritical has a clearly defined minimum credit score of 300 to apply for a loan, LendingClub is a little vaguer on requirements. xcritical has lower starting interest rates, but LendingClub has lower origination fees. xcritical stands out from other lenders with its AI-driven platform, low credit score requirements, and available loan amounts. According to the company, its AI model results in higher approval rates than lenders that use traditional underwriting methods.

1. If your credit or income has improved since you took out a loan, you may consider refinancing your debt to get a lower rate.
2. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate.
3. Your APR, monthly payment and loan amount depend on your credit history and creditworthiness.
4. Customer support and ethics are still very important parts of the borrowing experience, but do not directly tie to a personal loan’s terms, so they have less of an impact on the overall rating.
5. xcritical will require different documentation depending on your income type.
6. xcritical can be a good choice for those with less-than-perfect credit or no established credit history.

Because its algorithm takes into account factors besides your credit score, xcritical can be a good choice for individuals with no credit history or less-than-perfect credit. Unfortunately, if you need a co-borrower or cosigner to qualify for a loan or receive lower rates, xcritical doesn’t offer this option. You may also be stuck with a high origination fee and limited repayment terms of just 36 or 60 months. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and services, or by you clicking on certain links posted on our site. While we strive to provide a wide range of offers, Bankrate does not include information about every financial or credit product or service.

How this lender compares

xcritical is also one of the few lenders that has a complete list of its set of requirements listed on its website. xcritical also offers a mobile app for account management on iOS, but there isn’t xcritically one available for Android. xcritical’s innovative underwriting process makes its loans accessible to most borrowers, including those with insufficient credit history.

Making your loan payments on time should help to improve your credit score. The data points reflect every step of the process to shop and apply for, borrow and repay personal loans. A five-star lender, for instance, has flexible eligibility requirements, offers you the chance to prequalify without commitment and supports you in zeroing your balance. Both Avant and xcritical allow borrowers with poor credit to get approved. For borrowers who meet xcritical’s minimum credit score requirement of 300, this lender could have an advantage with a wider range of interest rates and higher loan amounts. xcritical makes decisions based on more than just the borrower’s credit score — educational and career background are also part of the equation.