Last Updated: 04/18/2025
SuperMoney User Recommendation Score -50
Mostly not recommended18 total votes
Cast Your Vote
Get Competing Personal Loan Offers
Compare personal loan offers from multiple vetted lenders.
Discover your lowest eligible rate in minutes.
See how much you qualify for and what your monthly payment will be.
Get Personalized Rates
It's quick, easy, and won't hurt your credit score.
Highlights
Community Rating
Mostly not recommended
APR (Fixed APR)
99% - 349%(Verified 10/31/2024)
Disclaimer popup with additional information
Amount Range
$500 - $5,000
Disclaimer popup with additional information
Loan Term (Months)
8 - 30
Number of Reviews
Jora Credit Personal Loans Review
Jora Credit Personal Loans is offered by Jora Inc., a direct lender founded in 2017 and based in Addison, TX. Jora Credit are available in 9 states.
Key Takeaways
- APRs starting at 99%. Personal loan interest rates typically range between 9% and 36%. The starting rates for Jora Credit Personal Loans are on the higher end of the spectrum.
- Fast access to funds. If approved, you can sometimes get your money within 1 business day*.
- No origination fee. Jora Credit Personal Loans does not charge a loan origination fee.
- No late fees. Jora Credit Personal Loans will not charge additional fees if you miss the due date on a payment.
- Short loan terms. Jora Credit Personal Loans have loan terms as short as 8 months.
Jora Credit Pros & Cons
| Pros | Cons |
|
|
Jora Credit FAQ
What interest rates and personal loan terms does Jora Credit offer?
Jora Credit has higher than average interest rates for lenders reviewed on SuperMoney.
What interest rates does Jora Credit offer?
Jora Credit offers a fixed APR personal loan product that ranges from 99% APR up to 349% APR.
How much can you borrow via Jora Credit?
Personal loan amounts start at $500 and go up to $5,000
What is the maximum loan term you can get with Jora Credit?
Jora Credit offers loans with terms of up to 30 months.
| Personal Loan Amount | $500 - $5000 |
| Loan Term | 8 - 30 months |
| APR | 99% - 349% |
What fees does Jora Credit charge?
Does Jora Credit charge an origination fee?
Jora Credit does not charge a personal loan origination fee.
A personal loan origination fee is what some lenders charge for processing, underwriting, and funding a personal loan. Typically origination fees range from 0.5% to 5% of the personal loan amount. Whenever possible, consider lenders that don’t charge origination fees.
Does Jora Credit charge a late fee?
No, Jora Credit will not charge you a late fee if you miss payments.
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 personal loan off early.
| Origination Fee | No |
| Prepayment Fee | No |
| Late Payment Fee | No |
What do you need to qualify for Jora Credit Personal Loans?
Applicants with a credit score of at least 540 and up to 649 may be eligible for Jora Credit Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher. Jora Credit Personal Loans does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens are eligible to apply for the services offered by Jora Credit Personal Loans.
To qualify, applicants may need to provide the following documentation:
- Applicants must have an active and valid personal checking account
- Proof of identity
- Proof of citizenship or residence permit
| Minimum Age | 18 |
| Bank Account Required? | Yes |
| Credit Score | 540 - 649 |
What is the estimated funding time for a personal loan via Jora Credit?
Jora Credit will typically fund loans within 1 to 2 business days of approval and clearing necessary verifications.
Does Jora Inc. perform a hard credit pull?
Yes, Jora Credit performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
Are Jora Credit Personal Loans legit?
Jora Inc. was founded in 2017, it is a well-established company that has been in business for 9 years. Jora Credit Personal Loans is mostly not recommended by SuperMoney community users.
Jora Credit Personal Loans 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...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Message from Jora Credit
Message from our editor
What We Love About Jora Credit
Jora Credit offers two types of loans: lines of credit and installment loans. These loans are unsecured, so consumers do not need to put down collateral to qualify for a loan. These personal loans are typically between $500 and $2,600 and have terms that range from four to 30 months, although this can vary based on the customer’s location. There are no non-sufficient fund fees, prepayment penalties, late fees, or origination fees on the loans.
What Could Jora Credit Do Better?
Jora Credit is one of the most expensive lenders for personal loans and is typically used only by high-risk borrowers who are in an emergency financial situation. Also, Jora Credit only operates in 12 states, including Alabama, California, Delaware, Idaho, Kansas, Missouri, New Mexico, North Dakota, South Carolina, Tennessee, Utah, and Wisconsin.
Jora Credit Backstory
Jora Credit was founded in 2017 in Addison, Texas, to provide a reliable and simple way for customers to take out a personal loan. The company offers a higher level of repayment flexibility than many lenders of personal loans on the market. It also features loans that are catered toward individuals who have less than perfect credit.
The Verdict
For customers who are 18 or older, have a source of income and a checking account, Jora Credit offers a loan option that doesn’t depend on having a good credit score. However, the APRs for personal loans are extremely high and can get expensive quickly. It can be an option for someone who needs quick cash and has a bad credit score that prevents qualifying at other lenders.
Many individuals will find cheaper options for personal loans by shopping around and getting quotes elsewhere. This can prevent you from paying more than you need to in an emergency. Credit card cash advances, borrowing from friends, or personal loans from other lenders may be less expensive.