Xcollect Loan, How to Apply, App Download and More

Xcollect Loan is a revolutionary mobile application designed to empower individuals with financial freedom. It provides easy access to personal loans ranging from ₦5,000 to ₦5,000,000, with flexible repayment plans spanning 3 to 24 months. 

Unlike traditional banks that often require extensive paperwork and lengthy approval processes, Xcollect Loan simplifies the procedure by utilizing your financial SMS data to verify your identity and creditworthiness. 

This innovative approach streamlines the application process, allowing you to receive loan approvals in minutes. It is a mobile application designed to provide Nigerians with easy access to personal loans and a convenient way to pay bills. The app was developed by Lantronics Integrated Services LTD, a Nigerian fintech company committed to providing financial solutions to underserved communities.

Xcollect Loan Features and Benefits

Here are the key features and benefits of Xcollect Loan:

Accessing Loans Without Collateral: XCollect sets itself apart by enabling users to apply for loans ranging from N5,000 to N5,000,000 without the need for collateral. This feature ensures accessibility, especially for those who may not have tangible assets to secure a loan.

Flexible Repayment Period: With XCOLLECT, borrowers enjoy the flexibility of repaying their loans over a period of 3 to 24 months. This adaptable repayment structure caters to various financial situations, providing a personalized approach to loan settlements.

Competitive Interest Rates: XCollect prioritizes affordability with monthly interest rates ranging from 2.76% to 9.33%. The Annual Percentage Rate (APR) is capped at 35.76%, ensuring transparency and preventing unforeseen financial burdens. Importantly, no additional fees are imposed during the loan application process.

Seamless Bill Payment: Xcollect Loan extends beyond loan applications, offering a convenient platform for settling various bills such as airtime, data subscriptions, TV subscriptions, and electricity bills. This integration streamlines financial management and eliminates the need for multiple payment platforms.

Personal Finance Manager: Xcollect Loan incorporates a personal finance manager that helps users track their income, expenses, and savings goals. This feature provides valuable insights into financial patterns, enabling informed financial decisions.

Increase Limit Tasks: By completing specific tasks within the app, users can increase their loan limit over time. This rewarding approach motivates users and provides incentives for responsible financial behavior.

24/7 Customer Support: Xcollect Loan prioritizes customer satisfaction by offering dedicated 24/7 customer support. This responsive approach ensures that users have prompt assistance whenever they need it.

Xcollect Loan Requirements

To be eligible for an Xcollect Loan, you must:

  • Be a resident of Nigeria
  • Be at least 18 years old
  • Have a valid phone number and email address
  • Have a regular source of income
  • Provide a valid bank account details

How to Apply for Xcollect Loan

Applying for an Xcollect Loan is simple and easy. Here are the steps involved:

  • Download the Xcollect app: The app is available for free on the Google Play Store.
  • Create an account: Once you have downloaded the app, create an account using your valid phone number and email address.
  • Verify your identity: To ensure the security and integrity of the loan process, Xcollect will request your permission to access your financial SMS data. This data is securely encrypted and used solely for the purpose of verifying your identity and creditworthiness.
  • Select your loan amount and tenure: Choose the loan amount that best suits your financial needs and select the desired repayment period. Xcollect offers flexible repayment plans ranging from 3 to 24 months.
  • Review and confirm your loan application: Carefully review the loan details, including the loan amount, interest rate, repayment terms, and applicable fees. Once you've confirmed the information, submit your loan application.
  • Receive loan approval and disbursement: Upon successful verification and approval, your loan amount will be directly disbursed into your registered bank account. The entire process typically takes less than 24 hours.

Xcollect Loan App Download and Interest Rate

For a smoother loan application process, XCollect introduces a mobile app. Follow these steps to get it on your device:

  • Head to your mobile device's app store (Google Play Store for Android or App Store for iOS).
  • Type "XCollect Loan" in the search bar.
  • Pick the official XCollect app from the results.
  • Hit "Install" or "Download" to kick off the installation.
  • Once it's downloaded and installed, open the app and follow the instructions to wrap up your registration.
  • Voila! You're all set to tap into the XCollect loan application platform straight from your mobile device.

Xcollect Loan offers competitive interest rates ranging from 2.76% to 9.33% per month. The Annual Percentage Rate (APR) is capped at 35.76%. Repayment periods range from 3 to 24 months.

Customer Care

For any questions or concerns, feel free to contact XCollect's customer care team using the following details:

Email: [email protected] 

Call, WhatsApp and SMS: +23409058586612

Address: Block 23 Seaside Estate, Ajah, Lagos, Nigeria.


Is Xcollect Loan app legit and safe?

Yes, Xcollect Loan is a legitimate and safe platform for obtaining personal loans. It is a registered and licensed company in Nigeria, and it adheres to strict data privacy and security standards.

How does Xcollect Loan app work?

Xcollect Loan is a mobile application that simplifies the loan application process. Users can create an account, verify their identity, and apply for loans directly through the app. Loan decisions are typically made within 24 hours, and approved loans are disbursed directly into the borrower's bank account.

What types of loans does Xcollect Loan offer?

Xcollect Loan offers personal loans ranging from N5,000 to N5,000,000. These loans can be used for various purposes, such as education, medical expenses, business ventures, or personal emergencies.

What are the interest rates and repayment terms for Xcollect Loans?

Xcollect Loan offers competitive interest rates ranging from 2.76% to 9.33% per month. The Annual Percentage Rate (APR) is capped at 35.76%. Repayment periods range from 3 to 24 months.

Can I use Xcollect Loan to pay my bills?

Yes, Xcollect Loan allows you to pay various bills, including airtime, data subscriptions, TV subscriptions, and electricity bills. This feature eliminates the need to switch between multiple platforms for bill payments.


Xcollect Loan provides a convenient, affordable, and accessible platform for individuals seeking personal loans. Its streamlined application process, competitive interest rates, and additional features make it a good option for you.

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