Xact Loan
Xact Loan
in Personal Loans from Xact

Xact Loan

in Personal Loans from Xact
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Loan Amount $1,000 - $5,000
Loan Term (Months) Up to 18 months

Xact Loan Review

Xact Loan is offered by Xact, a direct lender founded in 1993 and based in Cincinnati, OH. Xact Loan are available in 25 states across the USA.

Key Takeaways

  • Uses a variable APR. This is uncommon for personal loans. If interest rates rise in the future it could make the monthly payments more challenging.
  • Fast access to funds. If approved, you can sometimes get your money within 1 business day*.
  • No origination fee. Xact Loan does not charge a loan origination fee.

Xact Loan Pros & Cons

Pros Cons
  • $0 prepayment fee.
  • Loan options with $0 origination fee.
  • Funding available within 1 business day.
  • Does not offer pre-approval with soft credit pull.
  • Charges a late fee

Xact Loan FAQ

What interest rates and personal loan terms does Xact Loan offer?

Xact Loan has lower than average interest rates for lenders reviewed on SuperMoney.

What interest rates does Xact Loan offer?

Xact Loan offers a variable APR personal loan product but they do not disclose their interest rates.

How much can you borrow via Xact Loan?

Personal loan amounts start at $1,000and go up to $5,000

What is the maximum loan term you can get with Xact Loan?

Xact Loan offers loans with terms of up to 18 months.

Xact Loan Interest Rates & Loan Terms
Personal Loan Amount $1000 - $5000
Loan Term up to 18 months

What fees does Xact Loan charge?

Does Xact Loan charge an origination fee?

Xact Loan does not charge a personal loan origination fee.

A personal loan origination fee is what some lenders charge for processing, underwriting, and funding a personal loan. Typically origination fees range from 0.5% to 5% of the personal loan amount. Whenever possible, go with lenders that don’t charge origination fees.

Does Xact Loan charge a late fee?

No, Xact Loan will not charge you a late fee if you miss one of the monthly payments.

Does Xact Loan charge prepayment fees?

No, Xact Loan does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the personal loan off early.

Xact Loan Fees
Origination Fee up to 0%
Prepayment Fee No
Late Payment Fee No

What do you need to qualify for Xact Loan?

Applicants with a credit score as high as 850 are eligible, but Xact Loan does not require a minimum credit score. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Xact Loan does not have or does not disclose a minimum annual income eligibility requirement. Xact Loan only considers borrowers who are employed.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Xact Loan. Their rates fall within the limits of The Military Lending Act.

U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Xact Loan.

To qualify, applicants may need to provide the following documentation:

  • Applicants must have an active and valid personal checking or savings account
  • Recent pay stubs
  • Proof of income
  • Recent bank statements
  • Driver's license
Xact Loan Eligibility Criteria
Minimum Age 18
Bank Account Required? Yes
Application Types Accepted
  • Individual Applications
Credit Score up to 850

What is the estimated funding time for a personal loan via Xact Loan?

Xact Loan will typically approve (or deny) a loan application within 24 hours and fund loans within business day of approval.

Does Xact Loan report your account activity to credit bureaus?

Yes, Xact Loan reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

Are Xact Loan legit?

Xact was founded in 1993, it is a well-established company that has been in business for 30 years.

Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.


Hours of Operation

  • Sunday Closed
  • Monday 8:00am - 6:00pm
  • Tuesday 8:00am - 6:00pm
  • Wednesday 8:00am - 6:00pm
  • Thursday 8:00am - 6:00pm
  • Friday 8:00am - 6:00pm
  • Saturday Closed

About Xact Loan


  Available in 25 states
  • Alaska
  • Arizona
  • Arkansas
  • Delaware
  • Florida
  • Hawaii
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Nebraska
  • Nevada
  • New Mexico
  • Ohio
  • Oklahoma
  • Rhode Island
  • South Carolina
  • Tennessee
  • Texas
  • Washington
  • Wisconsin

Feature Breakdown

No Origination Fee
No Prepayment Fee
Origination Fee ($) Up to $0
Origination Fee (%) Up to 0%
Accepts Savings Accounts
Checking Account Required
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
  • Other
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Joint Loan Applications Accepted
  • Individual Applications
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
Verification Documents Required
  • Driver License (or other photo ID)
  • Recent Pay Stubs
  • Proof of Income
  • Recent Bank Statements
  • Social Security Number
  • Income Statement
Credit Score Range - 850
Approval Speed 24 hours
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Funding Time Range Starting at 1 day
Payment Options Automatic Payments
APR Type Variable APR
Loan Amount $1,000 - $5,000
Loan Term Up to 18 months

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