Xcross Cash Loan

Last Updated on May 16th, 2024

Xcross Cash Loan is a mobile application that offers short-term loans to individuals in Nigeria. It provides a convenient and efficient way for users to access financial services directly from their smartphones. Through this app, users can apply for quick loans without the need for traditional banking procedures, making it a valuable resource for those in immediate financial need.

In this blog post, we will go more deeply into the features and capabilities of Xcross Cash Loan. We’ll look at user experiences, the terms and conditions of the loans the app offers, and how it functions. We will also talk about the terms of repayment, interest rates, application process, and general service dependability.

What is Xcross Cash Loan?

Xcross Cash Loan is a mobile application available in Nigeria that offers instant short-term loans. This app allows eligible users, particularly those between the ages of 20 and 55, to obtain loans without needing collateral or property documents. Users can borrow amounts ranging from ₦10,000 to ₦50,000, which can be increased with a higher credit limit attained through activities like referrals or viewing ads within the app​​.

The application process involves downloading the app, signing up with personal details including a Bank Verification Number (BVN), and then applying for a loan. The app evaluates the user’s creditworthiness, partly using the BVN, and decides the loan amount they can access. Repayment periods for these loans range from 3 to 6 months, with interest rates between 4% to 4.7% per month, which translates to an annual percentage rate (APR) of 24% to 56%​​.

What Xcross Cash Loan Offers

Xcross Cash Loan offers short-term loans ranging from ₦10,000 to ₦50,000. This range is designed to cater to immediate financial needs, providing a buffer for users in times of emergency or when unexpected expenses arise. The amount a user can borrow is influenced by their credit score and previous loan repayment history, with the possibility of accessing larger sums and better terms as their reliability as a borrower is established​.

Repayment Options

Repayment periods for Xcross Cash Loan extend from 91 days to 180 days (approximately 3 to 6 months). This flexibility allows borrowers to choose a repayment schedule that aligns with their financial situation and income cycle. To repay an Xcross cash loan, the process typically involves the following steps:

  • Log in to the Xcross Cash Loan app.
  • Navigate to the dashboard or loan management section.
  • Select the loan you want to repay.
  • Choose the repayment method (direct app payment, bank transfer, etc.).
  • Follow the instructions to complete the payment.

Interest Rates

Interest rates for Xcross Cash Loan range from 4% to 4.7% monthly, which equates to an APR of 24% to 56%. These rates are relatively high, reflecting the short-term and unsecured nature of the loans. For example, if someone borrows ₦10,000 at the lowest monthly interest rate of 4%, and chooses to repay over six months, the calculation would be as follows:

  • Monthly interest: ₦10,000 x 4% = ₦400
  • Total interest over six months: ₦400 x 6 = ₦2,400
  • Total amount to repay: ₦10,000 (principal) + ₦2,400 (interest) = ₦12,400

How To Create an Account on Xcross

To create an account on Xcross Cash Loan App, follow these steps:

  • Download the Xcrosscash Loan App from the Google Play Store or App Store.
  • Open the app and complete the registration process by filling in your personal details, including your name and contact information.
  • Upload the required documents, such as a government-issued ID, proof of address, and income verification.
  • Specify the loan amount you need and the desired repayment term.
  • Submit your loan application for review.
  • Once approved, the loan amount will be disbursed to your bank account.

Xcross Cash Loan App

The Xcross Loan App makes it easy for people in Nigeria to get short-term loans. It gives out loans from ₦10,000 to ₦50,000 with terms of 91 to 180 days to pay them back. To apply, you need to download the app, register, and send in the necessary papers. Every month, interest rates run from 4% to 4.7%. The app’s algorithm checks a user’s creditworthiness to decide on loan amounts and terms. This lets qualified users get money quickly without having to put up security.

How To Borrow Money From Xcross

To borrow money from the Xcrosscash app, follow these steps:

Step 1: Open the Xcrosscash App

  • Start by launching the Xcrosscash application on your smartphone.

Step 2: Account Registration

  • On the sign-in and sign-up page, click the “Sign Up” button.
  • Enter your Bank Verification Number (BVN) and click “Next.” Your BVN helps verify your identity, including nationality and age.
  • Add your phone number to your account details.
  • You will receive a One-Time Password (OTP) via SMS. Enter this OTP to proceed.
  • After completing these steps, your account will be registered, granting you access to your dashboard.

Step 3: Accessing the Dashboard

  • On your dashboard, you can view outstanding loans, track repayment progress, and potentially increase your credit limit by completing simple tasks like sharing referral codes or viewing ads.

Step 4: Applying for a Loan

  • Select “Apply For A Loan” from your dashboard.
  • Enter the desired loan amount. The app typically allows loans ranging from ₦10,000 to ₦50,000.
  • Choose your repayment schedule, which can range from 3 to 6 months.
  • Input your bank account details for loan receipt.

Step 5: Loan Confirmation and Submission

  • Review your loan application details.
  • Confirm and submit your loan request.


To receive a loan from Xcrosscash, you must meet the following requirements:

  • Be a Nigerian citizen and resident, aged between 20 to 55 years.
  • Have a functional bank account and a valid government-issued ID.
  • Provide your Bank Verification Number (BVN) for identity verification.
  • Pass a creditworthiness assessment, which considers your financial history and repayment capacity.

Xcross Customer Care/ Contact Number

For customer support and inquiries, you can contact Xcrosscash through their provided email address: xcross.tyz@gmail.com. Additionally, they have a contact number: 0810 141 3379, which you can use to speak with their customer service staff for any questions or complaints.

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