Lender
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

3.7
(20 Ratings)

Apply For Xact

Advertiser Disclosure

Applying for a Xact loan is a straightforward process that begins by visiting their website and clicking "Apply Now." Applicants need to provide personal details, including their name, address, Social Security Number, and income information. After specifying the loan amount and purpose, they finalize the application and submit it. Loan approval depends on meeting certain requirements, such as being at least 18 years old, having a steady income, an active checking account, and being a resident of states where Xact operates. The loan terms offer flexibility, with amounts up to $5,000 and terms of up to 18 months.

xact apply

How to Apply for a Xact Loan

  1. Visit the Website. Go to the Xact website.

  2. Click Apply Now. Click the "Apply Now" button to begin the loan application process.

  3. Enter Basic Info. Provide your name, email, and state, then click "Save and Continue."

  4. Enter Personal Details. Fill in your address, time at your current residence, phone number, ID, Social Security Number, and date of birth, then click "Save and Continue."

  5. Provide Loan Details. Enter the loan amount you are applying for and the purpose of the loan.

  6. Enter Income Info. Provide details about your income, including the type of income, monthly income, and employment information.

  7. Finalize and Submit. Review and finalize your loan application, then submit it for processing.

Conditions

  • Loan Amount. Borrow up to $5,000 depending on eligibility and approval.

  • Loan Term. Terms are available for up to 18 months, providing flexibility in repayment duration.

  • APR Range. Annual Percentage Rates (APRs) range from 125% to 225%, varying based on factors such as loan amount and repayment term.

Requirements

  • Age Requirement. Borrowers must be at least 18 years old to apply.

  • Income Requirement. A steady source of income is required, whether from employment, disability benefits, or retirement income.

  • Bank Account. Borrowers must have an active checking account in their name that is in good standing.

  • Residency. Borrowers must be residents of the states where Xact operates.

  • Credit Score. While not always requiring a high credit score, Xact considers credit scores during the approval process. Higher scores may lead to better rates and terms.

Reasons for Rejection

  • Insufficient Income. If your annual income is below the required minimum, your application may be rejected due to an inability to meet the repayment obligations.

  • Lack Of Required Documentation. Failure to provide necessary documents, such as a copy of your paycheck stub, can result in your application being denied.

  • No Bank Account Or Credit Card. Not having a bank account or credit card as an alternative payment method can lead to rejection since it is a mandatory requirement.

  • Employment Verification Issues. Inaccurate or unverifiable employment information, such as discrepancies in your employer's details or job title, can cause your application to be rejected.

  • Age Restriction. Applicants under the age of 18 are not eligible for the program, and any application from individuals below this age will be automatically rejected.

Additional Resources

FAQ

Is there a fee to apply for a Xact loan?

No, there is no fee to apply for a Xact loan. The application process is free, and you will only be responsible for the loan payments if your application is approved and you accept the terms.

How do I know if my Xact loan application was approved?

Once you submit your application, Xact will notify you via email or through your online account regarding the status of your loan approval. You can typically expect a decision within a short time.

Can I apply for a Xact loan with bad credit?

Yes, Xact considers applicants with varying credit scores. While a higher credit score may lead to better terms, having a lower score doesn't necessarily disqualify you from receiving a loan.

Offers
Xact
Personal Loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
1000.00 – 5000.00 $
Term
i

Loan term for the financial product

6 months – 36 months
Apply
Xact
Personal Loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
1000.00 – 5000.00 $
Rate
i

Interest rate

145.00 – 225.00 %
Term
i

Loan term for the financial product

6 months – 18 months
Apply
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Finanso
Personal Loans
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
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650
1000
2000.00 – 100000.00 $
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Interest rate

6.34 – 35.89 %
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Loan term for the financial product

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Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
100.00 – 4000.00 $
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

3.93
(20 Ratings)
Recommended FinScore™
0
300
650
1000
450.00 – 12000.00 $
Rate
i

Interest rate

27.50 – 81.29 %
Term
i

Loan term for the financial product

6 months – 1399 days
Apply
Calculate loan payments in Xact

Xact calculator will allow you to calculate an approximate payment schedule for the loan

Xact calculator
Interest rates are given in accordance with the rates of the Xact of 02.11.2024
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Specify the desired loan amount

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Xact reviews 2024
Leave feedback
4.6
Pros
The process was straightforward and convenient, as I was able to complete everything through my phone. However, I did experience some frustration due to receiving daily calls from your team to refinance. Despite this, I appreciate the services you offer, though I do think the interest rate is a bit high. Thank you for your help.
Complain
4.2
Pros
As a repeat customer, I found the loan application process to be a breeze, taking less than 5 minutes without any hassle. The funds will be deposited into my account tomorrow, providing much-needed short-term cash. Although the interest rate is high, it's not unexpected for this type of loan.
Complain
4
Pros
The application process was quick and easy, and I was approved in no time. However, I was informed that the funds would be deposited in my account within 48 hours, but I didn't receive the deposit after that time had passed. I called to inquire and was told that my checking account was an issue and that my approval was revoked. It was frustrating because this should have been identified before approving and promising the loan.
Complain
2.2
Cons
I was not informed beforehand that the interest rate for my loan would be 200%, despite having a credit score of 801. I feel misled and wish that this information had been disclosed before I agreed to the loan. Paying back $6000 for a $2000 loan is ridiculous. If I had known this, I would have gone to a bank instead. I want to cancel this loan, especially since it has only been 10 minutes since I agreed to it. I hope that in the future, the company will be more transparent about the full cost of the loan before asking customers to sign on the dotted line.
Complain
4.8
Pros
The loan process was easy and convenient, although I got a bit confused with the Pocket360 aspect and had some difficulty with the ID verification process. Nevertheless, I appreciate that the system allowed me to try multiple times before giving up, and it was helpful that my information was still available when I had to start over. Overall, I would recommend this service to others in similar emergency situations where they need access to quick funds.
Complain
4.2
Pros
Although I understand that I'm paying extra due to my credit score, I'm grateful for a company like this that is willing to work with me during my time of need.
Complain
1.8
Cons
Please avoid using Xact as they are attempting to scam me for over $1,000 more than what I am supposed to pay for my loan. This is unacceptable and a clear attempt at fraud. Beware of this company.
Complain
4.6
Pros
The online application process with XAct was quick and easy, with all the necessary information presented upfront and in a clear manner. Whenever I needed their assistance, they were always available and ready to help. I highly recommend their services! Additionally, they allow for extra payments and early loan payoff without any penalty, which I find very convenient.
Complain
4.2
Pros
The service provided was satisfactory, although I have some concerns. Initially, I was given a certain price, but when I completed the application, the amount given was completely different. Additionally, the phone number provided does not seem to be working.
Complain
2
Cons
I received approval emails stating that the funds were on the way. However, two days later, I received an email saying that my application was denied. When I called this morning, the representative told me that there was no record of my application and suggested that I reapply. After seeing the 209% yearly APR on the approval email, I realized that it was predatory lending. Now, I am researching the partner bank in Provo, Utah that administers the funds. It's criminal activity and predatory behavior.
Complain
Company rating
3.7
/ 5
20 reviews
Application
3.8
Support service
3.6
Mobile App
3.9
Service quality
3.7
Your satisfaction level
3.7
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