Last Updated: 04/18/2025
SuperMoney User Recommendation Score -50
Mostly not recommended18 total votes
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Highlights
Community Rating
Mostly not recommended
APR (Fixed APR)
99% - 349%(Verified 10/31/2024)
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Amount Range
$500 - $5,000
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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, Jora Inc. will send the money in as little as 24 hours.
- 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 |
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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 |
| Application Types Accepted |
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| 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.
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Learn MoreSuperMoney Net Recommendation Score
SuperMoney users mostly don't recommend this product, giving it a user recommendation score of -50, or 2 on a 5-point rating scale.
-50
-1000+100
No one recommends
Everyone recommends
Jora Credit Personal Loans Community Reviews
Would you recommend Jora Credit Personal Loans to your friends?
MB
Marnell B.
Mar 5, 2024
May or may not recommend
So I checked my credit and noticed that I have a credit balance of 2,300 from jora for some reason and I don't know why when I have never received a credit card of any sort and I have been banking with chime for over years and before then I've had netspend. So how does that happen when they don't deal with debt cards.
LL
Lynn L.
Feb 6, 2024
May or may not recommend
They sent me a pre approval I applied online and was rejected because they claim that my banking account was a non traditional bank account. How is that when my account is with Navy Federal Credit Union. Now I am worried, now that they have all my banking info I will have issues. SMH after reading the reviews I am glad they rejected my application.
MC
Mazhar C.
Nov 25, 2022
May or may not recommend
Way better interest rates than my local payday loan company. Quick deposit and clear cut fees. I was glad there was nothing hidden. Applying was seamless and I am able to pay my current loans off and still have a lower payment. This is definitely not for everyone but a great short term solution!
U
Anonymous
Sep 9, 2022
May or may not recommend
I was in need of a fast loan as my mother had just passed away. So, when I got the offer from Jora, I took it. I knew it would be high intrest. But had no clue it would be almost 400%!
Seriously, one of my payments of $300 had LESS than ONE dollar in principle! I finally paid them off. And never again will I borrow from them!
I've left several ...Show More
DG
Deeanna G.
May 25, 2022
May or may not recommend
I took out a loan at first for 600.00. My payment was manageable. I took an additional 600.00 my payments doubled. My payments were 225.00 per month with only 12.00 going towards the principal. I took out a personal loan from my bank to pay off my loan in full. They charged another 325.00 from pay off amount to the time that they received my pay off check from my ...Show More
U
Anonymous
Oct 30, 2019
May or may not recommend
I took out a loan for $2600.00 at 260% interest. Big mistake! After only 4 payments of $421.00, my account balance was $2438.00. I'm paying the loan off before the 5th payment is due and the payoff amount is $2826.00. How can the payoff amount be $388.00 more than my balance??? Don't get trapped by this company. They are a rip off!!! Just in 5 months I've paid ...Show More
DD
Diggy D.
Oct 23, 2019
May or may not recommend
They take advantage of people who have nowhere else to turn. They exploit people who don’t know any better or who have no other choice but to take out a loan with unbelievably high interest rates and who ultimately who’ll be unable to pay the loan back and end up in a worse situation than they were in before.
JH
Jenny H.
Oct 23, 2019
May or may not recommend
186% to 349% APR for a loan? Are you kidding me? Figure out how much interest you will be paying before you accept those loan terms.
Holly M.
Jul 16, 2019
May or may not recommend
Way better interest rates than my local payday loan company. Quick deposit and clear cut fees. I was glad there was nothing hidden. Applying was seamless and I am able to pay my current loans off and still have a lower payment. This is definitely not for everyone but a great short term solution!
Shirley H.
Jul 13, 2019
May or may not recommend
Can’t comment now , I don’t have a loan. This my first time applying.If I am approved then I will comment my true experience with your company.
U
Anonymous
Apr 27, 2019
May or may not recommend
Do NOT do business with them!!! Stay away while you can... $364.00 payment a month and they only put $39.00 towards principal amount and the rest go to customary fees, interest fees, more fees... it's a loan sharks company!!! NO I WOULD NOT RECOMMEND AT ALL!!!
SJ
Shelly J.
Dec 15, 2018
May or may not recommend
Jora sends you a letter saying your preselected so you can apply and they can collect your information. ????
Kathleen W.
Oct 15, 2018
May or may not recommend
Because I think their price gouging and Trust I don't see how this is legal what they're doing this is nothing but a loan shark this should be illegal to do to people I would love to know how to turn this company in
U
Anonymous
Oct 3, 2018
May or may not recommend
Perks are that the money goes into your account fast. What sucks is that the interest rate is high, and how they say you can change your payment date but they actually won't.
I asked to change my payment date by ONE day because I got a new job and the pay day was just a day after the pay day at my old job. But they ended up charging me ...Show More
MS
Michelle S.
Jul 27, 2018
May or may not recommend
Usury. It should be CRIMINAL to charge people over 200% interest. This is taking advantage of people. Do not do business with this company unless you are completely desperate and have no one else to turn to.
Carol L.
Jun 9, 2018
May or may not recommend
Approved for 1600.00 and end up paying 3400.00 for the loan. That is absolutely outrageous. This company takes advantage of less credit worthy customers. I would never do business with Jora.
U
Anonymous
Jun 7, 2018
May or may not recommend
Jora was very helpful, $1000 in 24 hours was great and the entire process was online
MA
Mark A.
Apr 21, 2018
May or may not recommend
Jora is very much on the high end of interest rates. Anyone, even with poor credit can find a much better rate. I took out a $2000 loan. I have made 5 on time payments of about 182.00. My loan balance is 1994.11. So after paying over $800 to them ON TIME, my principle fell by $5.91. Crazy high interest. You can do better somewhere else.
Showing 18 of 18 reviews
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