What kind of loan is Jora Credit? This question is about Jora Credit

Jora Credit is a personal loan provider that offers $500 - $4,000 in funding, APRs of 99% - 349% (depending on your creditworthiness), and repayment periods of 8 - 30 months. Jora Credit does not require you to have a credit score to qualify. Key Facts About Jora Credit Loans Loan Amounts: $500 - $4,000 APRs: 99% - 349% Repayment Periods: 8 - 30 months Funding Timeline: 1 - 2 business days after approval Credit Score Requirement: Not disclosed, but cater to those with damaged credit Income Requirement: Not disclosed Residency Requirement: Live in DE, ID, MO, NM, ND, SC, UT, WI, TN or KS For more information, check out the full Jora Credit personal loan review on WalletHub.

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What kind of loan is Jora Credit?

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This question is about Jora Credit

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Grace Enfield, Content Writer

@grace_enfield • 08/03/22 This answer was first published on 08/03/22. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Jora Credit is a personal loan provider that offers $500 - $4,000 in funding, APRs of 99% - 349% (depending on your creditworthiness), and repayment periods of 8 - 30 months. Jora Credit does not require you to have a credit score to qualify.

Key Facts About Jora Credit Loans

Loan Amounts: $500 - $4,000
APRs: 99% - 349%
Repayment Periods: 8 - 30 months
Funding Timeline: 1 - 2 business days after approval
Credit Score Requirement: Not disclosed, but cater to those with damaged credit
Income Requirement: Not disclosed
Residency Requirement: Live in DE, ID, MO, NM, ND, SC, UT, WI, TN or KS

For more information, check out the full Jora Credit personal loan review on WalletHub.

Answer Question

What bank does Jora Credit use?

Jora Credit uses Jora Management, LLC, to fund personal loans. The company offers loans of $500 - $4,000 with APRs of 99% - 349%, depending on an applicant’s creditworthiness, and gives borrowers 8 - 30 months to repay their loans. You can qualify for a personal loan with the Jora Credit even if you have bad credit.

... read full answer

Key Things to Know About Jora Credit Personal Loans

Loan Amounts: $500 - $4,000

APRs: 99% - 349%

Repayment Periods: 8 - 30 months

Credit Score Requirement: Bad credit

For more information, check out the full Jora Credit review on WalletHub. You can also estimate your potential rates with our free pre-qualification tool.

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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 individual credit score may be affected by a hard inquiry, you can use the ... read full answer credit score simulator on WalletHub.

If you're looking for a lender that does not do a hard inquiry at all, you could consider Integra Credit, NetCredit and Opploans.

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Can you pay off a Jora Credit loan early?

Yes, you can pay off Jora Credit loans early, which is a smart idea because it will save you money on interest. Jora Credit does not charge a prepayment penalty, meaning that you will not be charged extra if you pay off the loan sooner than you’re required to.

Example of How Much You Can Save By Paying Off a Jora Credit Personal Loan Early... read full answer

Situation: A $3,000 loan with a repayment period of 12 months, an APR of 200% and no origination fee.

Normal Payments: You will spend approximately $4,120 on interest.

Early Pay Off: If you pay off the loan in 8 months, you will save about $1,475 on interest.

To estimate the cost of your Jora Credit personal loan with different repayment schedules, check out WalletHub’s free personal loan calculator.

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