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Jora Credit

in Personal Loans

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Jora Credit

Claimed

in Personal Loans

SuperMoney Net Recommendation Score -25% Recommendation score measures the loyalty between a provider and a consumer. It's at +100% if everybody recommends the provider and at -100% when no one recommends.

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Overview

Where does Jora Credit do business?

Jora Credit is a direct lender based in Addison, TX. Founded in 2017, Jora Credit offers access to personal loans in 10 states across the USA.

What are the APRs offered via Jora Credit?

Jora Credit offers personal loans with APRs starting at 186% and up to 349%.

Does Jora Credit charge an origination fee?

No, Jora Credit does not charge a loan origination fee.

A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees. 

Does Jora Credit charge a late fee?

No, Jora Credit will not charge you a late fee.

Does Jora Credit charge prepayment fees?

No, Jora Credit does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.

How much can you borrow via Jora Credit?

Loan amounts start at $500 and go up to $2,600.

What is the maximum loan term you can get with Jora Credit?

Jora Credit offers personal loans with terms ranging from 1 to 30 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What do you need to qualify for a loan with Jora Credit?

Applicants with a credit score of at least 450 can apply for a loan via Jora Credit. The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.

Active duty servicemembers and their covered dependents cannot apply for a loan via Jora Credit. The Military Lending Act prohibits lenders from charging servicemembers more than a 36% APR.Only U.S. citizens can apply for a loan.

  • Applicants must have an active and valid checking account
  • What is the estimated funding time for a personal loan via Jora Credit?

    Jora Credit will typically approve (or deny) a loan application within 0 hour and fund personal loans within 2 business days of approval.

    JORA CREDIT Disclosure: First-time customers typically qualify for installment loans between $500 and $2,600, with an APR between 186% and 349%. A $2,000 loan from Jora would require 48 bi-weekly installments of $179.54, including $6,618.50 of interest and an APR of 230%. After the 48th successful payment, your loan would be paid in full. Refer to What It Costs page for additional details.
    SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

    Contact

    • Headquarters
    • 5080 Spectrum Drive Suite 700W
      Addison, TX 75001 USA
    • Visit Site

    Message from Jora Credit

    Jora helps underserved or underbanked Americans with an installment loan that’s tailored just for them. When you’re in need of a convenient cash loan, you can turn to Jora. Our loans are designed to help good people get the help they need to cover an expense. It’s easy to apply right from your phone, laptop or tablet — anywhere, anytime.

    Availability

    Available in 10 States
    • Alabama
    • California
    • Delaware
    • Idaho
    • Missouri
    • New Mexico
    • North Dakota
    • South Carolina
    • Utah
    • Wisconsin

    Feature Breakdown

    No Origination Fee
    No Prepayment Fee
    No Late Fees
    Minimum Age
    18
    Military Status
    • Non-Military
    • Veterans
    Supported Income Types
    • 1099 Misc. Income
    • Cash
    • Direct Deposit (W2, SSA, SSDI)
    • Payroll Check or Prepaid Card
    Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Retired
    • Self-Employed
    Credit Score Range
    450 - 720
    850 300 450 720
    Immigration Status Considered
    • U.S. Citizen
    Bank Account Required?
    Loan Term (Months)
    1 - 30
    1 180
    Loan Amount
    $500 - $2.6K
    $100 $100K+
    APR
    186% - 349%
    4% 100%+

    Reviews

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