Xcross Cash Loan Niraland


Are you in need of quick cash to address your financial needs? Look no further than Xcross Cash Loan, a mobile-based loan app that has taken Nigeria by storm.

In this post, I’ll go into the details of Xcross Cash Loan, how to apply, its pros and cons, and why it’s making waves on Nairaland.

xcross cash loan

Introduction to Xcross Cash Loan

Xcross Cash Loan is a user-friendly mobile app that simplifies the loan application process.

It has gained popularity in recent years due to its convenience and accessibility.

If you’re looking for a hassle-free way to secure a loan without the bureaucratic hurdles of traditional banks, Xcross Cash Loan is here to help.

How to Apply for an Xcross Cash Loan

Getting started with Xcross Cash Loan is a breeze.

Follow these steps to access fast and hassle-free loans:

Step 1: Download the App

Visit the Google Play Store or Apple App Store and download the Xcross Cash Loan app.

Install it on your smartphone to begin the application process.

Step 2: Create an Account

Once the app is installed, create an account by providing some basic personal information, such as your name, address, and phone number.

Step 3: Bank Account Details

To facilitate the loan disbursement process, you’ll need to input your bank account information.

This allows Xcross Cash to deposit the approved loan amount directly into your account.

Step 4: Submit Your Application

After completing your profile and entering your bank details, submit your application.

Xcross Cash will then expedite the review process.

Step 5: Fast Approval

The beauty of Xcross Cash Loan lies in its swift approval system.

Within minutes, you’ll receive a decision on your application.

If approved, the loan amount will be promptly deposited into your bank account.

Loan Terms and Interest Rates

Xcross Cash Loans typically span a short period, ranging from 7 to 30 days.

It’s essential to be aware of the interest rate, which is set at 12% per annum.

This rate is competitive, making Xcross Cash a viable option for those in need of quick financial assistance.

Nairaland’s Perspective

Xcross Cash Loan has made its mark on Nairaland, a prominent Nigerian online forum.

However, it’s important to consider both the positive and negative feedback from users:

Positive Reviews:

  • “Xcross Cash is a good loan app. I got my loan within minutes.”
  • “Xcross Cash is a lifesaver. I was able to get a loan to pay for my rent when I was short on cash.”
  • “Xcross Cash is a convenient way to get a loan. I don’t have to go to a bank or fill out a lot of paperwork.”

Negative Reviews:

  • “Xcross Cash has high interest rates.”
  • “Xcross Cash is aggressive in collecting debts.”
  • “Xcross Cash is not regulated by the Central Bank of Nigeria.”

Can loan apps block your BVN?

It’s crucial to clarify the role of loan apps in blocking your BVN and to understand the implications of dealing with them in Nigeria.

Here are the key points you should be aware of:

  1. BVN Blocking: Loan apps do not have the authority to block your BVN (Bank Verification Number). Only the Central Bank of Nigeria (CBN) has the power to do so.
  2. Reporting to CBN: Loan apps can, however, report your BVN to the CBN if you fail to repay your loan. This can result in your BVN being blacklisted, which may make it challenging for you to obtain loans from other financial institutions in the future.
  3. Legitimacy of Loan Apps: Not all loan apps in Nigeria are legitimate. Some may engage in predatory practices, such as imposing high interest rates or resorting to harassment when borrowers cannot repay their loans.
  4. Safety Tips for Using Loan Apps:
    • Borrow only from loan apps that are registered with the CBN. You can check the CBN’s website for a list of registered loan apps.
    • Be aware of the interest rates and fees charged by loan apps. Some loan apps may have exorbitant rates and fees.
    • Understand the terms and conditions of the loan before applying. This includes knowing the repayment schedule and the consequences of defaulting.
    • Borrow only what you can afford to repay comfortably.
    • If you encounter difficulties repaying a loan, promptly contact the loan app to discuss your options.
    • If you experience harassment or threats from a loan app, you can report the app to the CBN or the Nigerian Police Force.


Which loan app is the easiest and fastest in Nigeria?

Here’s the information presented in a table format for better clarity:

Loan AppNotable Features
BranchQuick application, various loan product options
FairMoneySpeedy process, offers both small and large loans
Aella CreditHigh user ratings, multiple loan choices
PalmPay LoanConvenient application process
Opay (Okash) LoanRapid approval, diverse loan amounts
CarbonPopular, varying loan options, competitive rates

Please note that all loan apps in Nigeria charge interest on loans, and rates may differ based on the app and your creditworthiness.

Always review terms and conditions, and consider user reviews, interest rates, and CBN registration when selecting the right app for your needs.

Application processes are generally swift, with funds typically disbursed within minutes of approval.

Can loan app access my contacts if uninstalled?

Uninstalling a loan app doesn’t always revoke its access to your contacts.

To ensure your privacy, before uninstalling the app, go to your phone’s settings, select the app, and disable its access to your contacts.

Also, take precautions when using loan apps, such as installing from trusted sources, reading terms and conditions, monitoring interest rates and fees, minimizing personal information shared, changing passwords regularly, and considering alternatives like bank loans or credit unions for added privacy.

When you install a loan app, you often grant it access to features like your contacts, location, and camera. Allowing access to contacts permits the app to collect and store your contact list.

However, even after uninstalling the app, it might retain access to your contacts.

Some loan apps store your contact list on their servers, and some may access your contacts through other means, like social media or email accounts.

To safeguard your privacy, revoke contact access before uninstalling.

Go to your phone’s settings, find the app, and disable the “Contacts” permission.

For enhanced privacy with loan apps:

  • Choose trusted sources for app installation.
  • Carefully review loan terms and conditions.
  • Understand the interest rates and fees.
  • Limit the personal information you share.
  • Change your app password regularly.
  • If privacy is a concern, consider traditional bank loans or credit union options.


In conclusion, Xcross Cash Loan offers a simple and efficient way to obtain quick loans in Nigeria. Its user-friendly mobile app and fast approval process make it a go-to choice for many.

However, prospective borrowers should be mindful of the interest rates and debt collection practices.

To make an informed decision, carefully weigh the pros and cons before applying for an Xcross Cash Loan.

Whether you’re in a financial bind or simply need a bit of extra cash, Xcross Cash Loan is here to offer a solution.

Give it a try and experience the ease of obtaining a quick loan in Nigeria today.


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