Xcrosscash loan app review: APK Download, Customer Care Number

Ibrahim Ismail December 15, 2023

Xcrosscash loan app is an online lender that offers small, emergency personal loans for people with short-termemergencies. If approved, you may receive the money fast — but with triple-digit interest rates and fees, Xcrosscash loans should be a last resort.

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Pros

• May qualify with just BVN and phone number

• No prepayment penalty

• Funding typically available within minutes after approval
• Revolving creditline, you get higher loan amounts every time you repay previous borrowings

Cons

• High interest rates on small loan amounts

• Late and insufficient funds fees

• History of complaints on Google Playstore
• Poor customer service

What you need to know about Xcrosscash

Xcrosscash is a digital lending platform available to android users. Xcrosscash offers potentially quick personal loans ranging from N10,000 to N500,000 for people with less-than-perfect credit.

Here are some things to know about Xcrosscash if you’re considering applying with the company.

You may qualify without good credit

According to Xcrosscash’ website, you don’t need great credit to qualify for a personal loan.

High interest rates

There’s a steep price for the convenience of an Xcrosscash — interest rates that can be in the double-digits.

This could make your loan a lot harder to pay off. For instance, if you’re approved for a N30000 loan with an interest rate that equates to about 75% and make 2 biweekly repayments, you’ll end up paying N50,000 in interest — nearly double the original amount you borrowed.

Late and insufficient-funds fees

On top of all that interest, if you don’t make your payments on time or you can’t cover a payment, you’ll have to pay extra fees. Xcrosscash mentions these fees on its website, but it’s always a good idea to comb through the details of your loan agreement to make sure you understand all the ins and outs of your loan, including fees.

Pay off the loan early at no extra cost

The earlier you can pay off a Xcrosscash, the better — Xcrosscash doesn’t charge a prepayment penalty, so the faster you can wipe out your balance, the more you can save on interest. You can go online to pay off your loan early or call the company’s customer support team.

Fast application and funding time

You’ll probably be able to fill out Xcrosscash ’ online application quickly, and the lender says you’ll receive an immediate answer if you qualify. If you apply Monday through Friday before 8 p.m. Eastern and are approved, the funds will typically come through the next business day. If you need money the same day, you can request a same-day wire transfer for an additional fee.

Who are Xcrosscash loan good for

If you’re dealing with a financial emergency, a loan with Xcrosscash may be tempting. But the sky-high interest makes it a last-resort option — something to consider only when you’ve exhausted all other possibilities.

Regardless of which lender you apply with, it’s critical to understand the full cost of your loan. Before signing on the dotted line, always review your loan agreement’s full payment schedule, APR and any late fees or other fees that may apply. If you don’t like what you see, look for a lender elsewhere.

How to Download APK and apply with Xcrosscash

You can apply with Xcrosscash through the online application available on Google Playstore. There are four steps to the application, with the majority on the first page. To apply, you’ll need to provide the following information:

• Full name

• Email address

• BVN number

• Birthdate

• Driver’s license or voter’s card

• Cell phone/work phone number

• Desired loan amount

• Home address and whether you own or rent

• Bank account details

• Monthly income, income type, payroll type and pay frequency

Xcrosscash says you should get an instant decision, including how much the company is willing to lend you. If approved, you can review and sign the loan documents electronically. You’ll receive the funds via direct deposit, usually by the next business day.