Gino Rodriguez, Writer
@gino_rodriguez
No, Jora Credit does not offer secured loans. Jora Credit only offers unsecured loans, which do not require you to put something up as collateral, such as a car, home or money in a savings account. Since unsecured loans are riskier for Jora Credit, rates tend to be higher compared to secured loans.
The upside to an unsecured loan is that you don’t run the risk of losing an asset if you fail to make the payments. However, Jora Credit reports payment information to the major credit bureaus every month, so if you fail to pay the bills on time, it can damage your credit score.
For more information, visit WalletHub’s Jora Credit personal loan review page.
People also ask
Does Jora Credit do a hard inquiry?
Yes, Jora Credit does a hard inquiry when you apply for a loan. This credit report inquiry will likely drop your credit score by about 5 to 10 points, but you'll be able to get back on track with a few months of on-time payments.
Jora Credit's hard inquiry will stay on your credit report for two years, but it won't affect your credit after one year, and the impact may subside before then. To see how your...
read full answer by Rick Bormin, Personal Loans ModeratorDoes Jora Credit verify income for personal loan applications?
Jora Credit does verify income for personal loan applicants to confirm that people can repay what they borrow, but it does not disclose a minimum income requirement. You also have to meet other Jora Credit requirements to be considered, such as being at least 18 years old and being a US citizen or permanent resident. You have a good chance of getting approved if you meet all of these requirements.
Jora Credit Personal Loan Requirements
... read full answer by Grace Enfield, Content WriterWhat credit score do you need for a Jora Credit personal loan?
Jora Credit does not disclose a specific credit score needed to get a personal loan, unlike many personal loan providers. When evaluating your application, Jora Credit will consider your entire financial profile, including your income, existing debts, and recent credit inquiries, as well as your credit score.
Jora Credit Loan Requirements and Terms
| Category | Requirements and Terms |
| Minimum Credit Score | Not disclosed |
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