Credit Ninja Review

Credit Ninja is offered by KMD Partners LLC, a direct lender founded in 2017 and based in Chicago, IL. Credit Ninja is available in 25 states (and Washington, DC).

Key takeaways

• Fast access to cash. In some cases you can get your money within 1 business day.
• Poor credit accepted. Even if you have bad or poor credit, you can apply. Borrowers with a credit score as low as 500 are considered for Credit Ninja.
• Hard credit pull required. You can't check your rates or see if you prequalify for Credit Ninja without a hard pull on your credit report. Most lenders give you the option of a soft pull on you credit report.
• Origination fee of 5%. This is average for lenders that charge origination fees. However, plenty of lenders don't charge them.

Credit Ninja Pros and Cons:

What rates and terms does Credit Ninja offer?

Credit Ninja has higher interest rates than the average for lenders reviewed on SuperMoney.

What fees does Credit Ninja charge?

What do you need to qualify for Credit Ninja?

Credit Ninja does not have or does not disclose a minimum annual income eligibility requirement. Credit Ninja 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 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. Permanent resident / green card holders are also eligible to apply.

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

• Proof of income
• Driver's license

What is the estimated funding time for a personal loan via Credit Ninja?

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

Does Credit Ninja report your account activity to credit bureaus?

Credit Ninja does not report to any of the major credit bureaus. Creditors are not required to report payment activity to credit bureaus. However, making regular on-time payments to a creditor that reports to one or more credit bureaus may help improve your credit.