Credit Ninja Payday Loans Review

Credit Ninja Payday Loans is offered by KMD Partners LLC, a direct lender founded in 2017 and based in Chicago, IL. Credit Ninja Payday Loans is available in 5 states across the USA.

What are the Credit Ninja Payday Loans rates & fees?

Credit Ninja Payday Loans offers payday loans with loan fees ranging from $62.5 to $125. These loans are meant as a short-term source of credit but if you calculate the annualized percentage rate of those fees you get rates ranging from 101% to 608%.

How much can you borrow from Credit Ninja Payday Loans?

Loan amounts start at $250 and go up to $500.

What is the maximum loan term you can get with Credit Ninja Payday Loans?

Credit Ninja Payday Loans has payday loans with terms ranging from 15 to 90 days.

What do you need to qualify for Credit Ninja Payday Loans?

Credit Ninja Payday Loans does not have or does not disclose a minimum annual income eligibility requirement. Credit Ninja Payday Loans 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. APRs for the Credit Ninja Payday Loans product fall outside of the MLA limits and as a result the product cannot be issued to these applicants. Active duty service members and their covered dependents are considered “covered borrowers" under the Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Credit Ninja Payday Loans. Permanent resident / green card holders are also eligible to apply. An uncommon feature is for lenders to offer their services to non-residents. KMD Partners LLC is one of the few that does.

Does Credit Ninja Payday Loans run credit checks?

Yes, Credit Ninja Payday Loans will check your credit when you apply for a loan.

What is the estimated funding time for a payday loan via Credit Ninja Payday Loans?

Credit Ninja Payday Loans will typically provide a credit approval decision in less than an hour and fund the loan within 1 business day.

For more information on payday loans, tribal loans, and their alternatives, read this guide.