
Community Rating | Mostly not recommended |
APR (Fixed APR) | 165% - 349% |
Loan Amount | $500 - $2,600 |
Loan Term (Months) | 8 - 30 months |
Number of Reviews | 13 |
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 Personal Loans is available in 11 states across the USA.
- APRs starting at 165%. Personal loan interest rates typically range between 5% and 36%. The starting rates for Jora Credit Personal Loans are on the higher end of the spectrum.
- Fast access to funds. In some cases you can get your money within 1 business day.
- No origination fee. Jora Credit Personal Loans does not charge a loan origination fee.
- No late fees. Missing a payment can seriously damage your credit, but 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 offers loan terms as short as 8 months. Most personal loans have a minimum term of 12 to 36 months.
Pros | Cons |
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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 165% APR up to 349% APR.
How much can you borrow via Jora Credit?
Business 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 loans with terms of up to 30 months.
Personal Loan Amount | $500 - $2600 |
Loan Term | 8 - 30 months |
APR | 165% - 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, 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 if you miss one of the monthly 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 450 and up to 720 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. Jora Credit Personal Loans 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 Jora Credit Personal Loans 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 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 | 450 - 720 |
What is the estimated funding time for a personal loan via Jora Credit?
Jora Credit will typically provide a credit approval decision in less than an hour and fund the loan within 2 business days.
Message From Jora Credit Personal Loans
Message From Our Editor
Contact
- Headquarters
-
5080 Spectrum Drive Suite 700W
Addison, TX 75001 - Visit Site
- Email Support
Other Services by Jora Inc.
Availability
- Alabama
- Delaware
- Idaho
- Kansas
- Missouri
- North Dakota
- New Mexico
- South Carolina
- Tennessee
- Utah
- Wisconsin
Jora Credit Personal Loans Community Reviews
Would you recommend Jora Credit Personal Loans to your friends?
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