Jora Credit is a direct lender based in Addison, TX. It was founded in 2017 and offers access to personal loans in 10 states across the USA.
Jora Credit offers personal loans with APRs starting at 186% and up to 349%.
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.
No, Jora Credit will not charge you a late fee.
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.
Loan amounts start at $500 and go up to $2,600.
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.
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.
Jora Credit will typically provide a credit approval decision in less than an hour and fund the loan within 1 and 2 days.
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.
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