What is an Xact loan?
An Xact loan is an online installment loan of $1,000 - $5,000 with an APR of 145% - 225% and a repayment period of up to 18 months. Xact also offers funding as soon as the next business day after your application information is verified.
These loans are available in 32 U.S. states. Additionally, the company suggests borrowers use the loans for debt consolidation.
Key Facts About Xact Loans
- Loan amounts: $1,000 - $5,000
- APRs: 145% - 225%
- Repayment periods: up to 18 months
- Origination fee: 0%
- Prepayment fee: 0%
- Funding timeline: As soon as the next business day after the company verifies your information
- Credit score requirement: Not disclosed
- Residency requirement: Live in one of the 32 states where Xact operates (New York, Pennsylvania, Illinois, Georgia and North Carolina are the biggest states excluded)
- Loan use: The company suggests borrowers use the loans for debt consolidation
To learn more, check out reviews and key information about Xact on WalletHub.