| Community Rating | Strongly not recommended |
| APR (Fixed APR) | 199% - 349% |
| Loan Amount | $250 - $5,000 |
| Loan Term (Months) | 12 - 18 months |
| Number of Reviews | 24 |
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).
- APRs starting at 199%. Personal loan interest rates typically range between 5% and 36%. The starting rates for Credit Ninja are on the higher end of the spectrum.
- Fast access to funds. In some cases you can get your money within 1 business day.
- Origination fee of 5%. This is average for lenders that charge origination fees. However, plenty of lenders don't charge them.
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What interest rates and personal loan terms does Creditninja offer?
Creditninja has higher than average interest rates for lenders reviewed on SuperMoney.
What interest rates does Creditninja offer?
Creditninja offers a fixed APR personal loan product that ranges from 199% APR up to 349% APR.
How much can you borrow via Creditninja?
Business loan amounts start at $250 and go up to $5,000.
What is the maximum loan term you can get with Creditninja?
Creditninja offers loans with terms of up to 18 months.
| Personal Loan Amount | $250 - $5000 |
| Loan Term | 12 - 18 months |
| APR | 199% - 349% |
What fees does Creditninja charge?
Does Creditninja charge an origination fee?
Creditninja may charge a personal loan origination fee of 5% of the personal loan amount. Creditninja deducts the origination fee directly from your personal loan amount before depositing your money, so make sure you take this fee into account when deciding how much you need to borrow.
Does Creditninja charge a late fee?
No, Creditninja will not charge you a late fee if you miss one of the monthly payments.
Does Creditninja charge prepayment fees?
No, Creditninja 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.
| Origination Fee | 5% |
| Prepayment Fee | No |
| Late Payment Fee | No |
What do you need to qualify for Credit Ninja?
Applicants with a credit score that ranges from 500 may be eligible for Credit Ninja. The minimum age to be eligible is 19 or the state minimum, whichever is higher.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
| Minimum Age | 19 |
| Bank Account Required? | No |
| Credit Score | Starting at 500 |
What is the estimated funding time for a personal loan via Creditninja?
Creditninja 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.
Message From Credit Ninja
Contact
- Headquarters
-
222 South Riverside Plaza STE 2200
Chicago, IL 60606 - Visit Site
- Email Support
Other Services by KMD Partners LLC
Availability
- Alaska
- Alabama
- Washington, DC
- Florida
- Hawaii
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Michigan
- Minnesota
- Missouri
- Mississippi
- Montana
- Nebraska
- New Mexico
- Ohio
- Oklahoma
- South Carolina
- Tennessee
- Texas
- Utah
- Washington
- Wisconsin
- Wyoming
Credit Ninja Community Reviews
Would you recommend Credit Ninja to your friends?
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