Is ExcelCredit legit? What you need to know
ExcelCredit reviews 2026: is it safe, real E.A. rate, requirements, alternatives and the Kreditano editorial verdict.
ExcelCredit offers libranza for reported borrowers, pensioners and public employees — the niche banks avoid. Operates from Bogotá under SIC (consumo) · registro mercantil RUES since 2016.
Supervision and basic facts
| Legal name | ExcelCredit S.A.S. |
|---|---|
| Supervision | SIC (consumo) · registro mercantil RUES |
| Legal figure | Fintech de libranza (S.A.S.) |
| Operating since | 2016 |
| Headquarters | Bogotá |
| Parent group | capital colombiano + fondeo institucional |
Real cost (E.A.)
Most common complaints
long terms multiplying interest and in-instalment insurance that doesn't explain itself.
Kreditano verdict
See current offer from ExcelCredit →
Who it's for and who it isn't
Use ExcelCredit if you need a small or mid-sized amount within hours, with no branch involved, and accept a higher cost than a bank in exchange for speed.
Skip it if you have formal payroll, a healthy Datacrédito file and a week of margin — the bank offer almost always lands cheaper. Also skip it if another digital loan already has you at the limit: cascading debt becomes unpayable.
Requirements to apply
- Valid ID (over 18)
- Active mobile number in your name
- Bank account or wallet in your name to receive the disbursement
- Recent account activity helps; a payslip isn't always required
- A negative credit report doesn't always exclude you — each lender sets its own policy
How to apply step by step
- You fill the online form: amount, term and basic personal data.
- The lender checks the credit bureaus (Datacrédito and/or TransUnion) as part of the credit study.
- You get the answer — approved, conditional or declined — in minutes at a fintech, one to three business days at a bank.
- If you accept, you sign the digital contract and register your account.
- The disbursement lands in your account (same day at digital fintechs, one to three days at banks).
Common application mistakes
- Asking for the maximum on the first loan. The system almost always approves less at the start; ask for something realistic.
- Using a phone number that isn't yours (verification fails and the request hangs).
- Inflating declared income. The system cross-checks bureaus and your cash flow; inflated figures trigger rejection.
- Accepting the longest term to lower the monthly payment — total cost ends up far higher.
- Looking only at the interest rate and ignoring admin or platform charges — always ask for the total repayable.
Comparable alternatives
| Lender | E.A. | Amount |
|---|---|---|
| Banco Popular | 16.8% | 1.000.000-150.000.000 COP |
| Bayport Colombia | 24.5% | 1.000.000-120.000.000 COP |
If ExcelCredit doesn't fit you, here are similar options in our comparator: (representative E.A. and amounts · refresh by filtering in the comparator)
Reviews of similar lenders
- Banco Popular — SFC
- Bayport Colombia — SIC
- Bancolombia — SFC
- Davivienda — SFC
- Banco de Bogotá — SFC
- BBVA Colombia — SFC
Frequently asked questions
Does ExcelCredit check Datacrédito?
Yes. Every formal lender in Colombia runs a credit study with the bureaus before approving. The difference is the weight given: ExcelCredit also evaluates your current repayment capacity and account activity — an old closed report doesn't necessarily shut the door.
How long does ExcelCredit take to disburse?
For digital credit, the disbursement usually lands the same business day if you finish the application before the afternoon cut-off. For traditional bank credit, one to three business days to the account you register.
Can I prepay without a penalty?
Yes — penalty-free prepayment is a consumer right in Colombia. ExcelCredit must apply the payment to principal, reducing future interest. Ask for the written paz y salvo when you close the loan.
How to verify on your own
Banks and financing companies appear on the Superintendencia Financiera's list of supervised entities. Fintechs that don't take public deposits aren't on that list — check their legal existence in the RUES business registry and file consumer complaints with the SIC. Nothing on this page implies endorsement by any authority.