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Is Xcash loan app legit

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Xcash loan app is legit and registered by the federal government of Nigeria as a loan application that offers personal loan.

Xcash, another popular online loan app, is also available on the play store. Although many people have downloaded the app, not all people trust the app. Many people want to know if this loan app is legit. This post will discuss whether Xcash Loan Online & Cash Application is real or fake.

Is Xcash loan app legit

If you’ve been reading our articles, you might have noticed that many of our reviews have been written about online loans apps. We don’t review any loan apps that we haven’t used. Before we make any reviews on a loan app, it is important that we thoroughly study the operation of the app to determine if it is legit or shady. Let’s now get to the main topic, Xcash Loan Review: Legit or Scam.

Is Xcash Loan App Legit?

Xcash Loan App in Nigeria is a legit loan app that provides instant online loans without collateral. Xcash is a loan app that has been around for a long time, but many people don’t know about it. Xcash Loan app works with Palmcredit because they share the same user interface. Xcash will send you a message through Palm credit.

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The repayment terms and interest rate are not something I like about this loan application. This is why this loan app didn’t make it onto our top online loan apps in Nigeria with low interest. It’s absurd to expect repayments of 11000 in 7 days for a loan amount of 8000. This is why I recommend my readers to choose the best of the ones I have reviewed. I received a loan of 30000 from with a quick check. To pay it back in 30 days, the interest fee was 3000. This is far better than this. Xcash will soon be the best loan app in Nigeria once they have established interest rate and repayment periods.

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What Can I Get from Xcash.

They offer loans up to $500,000 according to them.

How do I apply for Xcash Loan Online & Cash App?

Playstore offers Xcash Online Loan Application.

What is the Xcash Loan Online & cash interest rate?

My calculations show that their interest rate is between 20% and 30%.

How to download APK and apply for a loan through Xcash Loan App

  • Install the Xcash personal loan app exclusively available through the Google Playstore on your Android smartphone.
  • Register with your phone number to create an account
  • For verification, it is preferable that you use the phone number associated to your BVN.
  • Please fill in your Kwow-your customer KYC information. This includes your residential address and next of kin details.
  • Your Biometric verification number BVN will also be requested.
  • To bind your ATM card with your account, you will be charged N50. This will increase your chances of getting a loan amount that is higher.
  • To confirm your details, a one-time OTP password will be sent to you.
  • After you submit your loan application, the software will evaluate your credit score. The final result will appear in the APP.
  • You should see the result in less than 2 minutes. If you are eligible for a loan the amount will be transferred directly to your bank account.
  • You will need to take a clear selfie of your identity so make sure your phone has enough memory.
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What are the requirements for ?

  • You can be a Nigerian citizen or resident.
  • At least 18 years of age
  • A monthly income source.
  • Attach your ATM card to the account
  • Give details about two of your closest relatives, including their telephone numbers.
  • You have a high credit score and no outstanding loans from any other lenders.
  • Maintain an active bank account
  • Your BVN must have your phone number.
  • You must have a valid ID card issued by the government.

Xcash customer service number

  • Hotline for Service: 017001000 (Mon-Fri 9am-6pm, Sat 9am-5pm).
  • Email Service:  xcashng@gmail.com
  • Facebook : https://www.facebook.com/xcashng/
  • Office Address: 45c Sauket St, Ikeja GRA, Ikeja, Lagos, Nigeria
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