Jora Credit Review

8.3 Total Score
Jora Credit Reviews

Jora Credit arranges installment loans in a variety of states in the USA. They do not operate nationwide, so you will need to visit their website in order to determine whether or not they are available in your location. Jora provides short term loans rapidly so you can get your hands on quick cash without the wait. Whether you need a couple hundred dollars or even a few thousand, the installment loans provided by Jora Credit can help you get past a rough financial situation.

Fees & Rates
8.2
Approval & Funding Time
8.1
Support Staff
9.1
Requirements & Ease of Approval
7.8
PROS
  • Lower APR than most installment lenders
  • Very fast funding time
  • Excellent support
CONS
  • Not available nationwide
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What is Jora Credit?

Jora Credit is a short-term lender that provides easy to access installment loans for 4 to 30 months. You can choose to pay off your entire loan earlier without having to deal with any early payment penalty fees. They have been in business since 2017 and have since made a great name for themselves as one of the leading online lenders for installment loans.

What is the Difference Between Installment Loans & Payday Loans

Jora Credit does not offer payday loans – they offer installment loans.

The difference between these two types of loans may be confusing to some, so we’re going to clarify the topic. To keep it simple, payday loans are funds borrowed with a maximum amount of $1,000 and these loans are typically repaid in 30 days or less. Installment loans can last several months, even years and the borrowing amount can be much steeper. One of the main benefits of choosing an installment loan rather than a payday loan is the much smaller APR fee (payday loans can reach over 1,200%, whereas Jora Credit loans max out at 349%).

Where are Jora Loans Available?

One thing to keep in mind before applying for an installment loan with Jora is that their loans are not available in every state across the United States. In fact, Jora only provides loans for a few select states.

Jora Credit loans are available in the following states: 

  • Delaware
  • Idaho
  • Missouri
  • New Mexico
  • North Dakota
  • South Carolina
  • Utah
  • Wisconsin

If you do not currently reside in one of the states listed above, we highly suggest considering one of the following alternatives:

LendYou

CashNetUSA

HonestLoans

What are the Benefits of Getting an Installment Loan from Jora?

Quick Funding: When getting funded via direct deposit into your checking account, Jora can allow you to receive the funds in as little as one business day. In fact, if you apply and get approved before 5pm, the funds will be available in your bank account the very next day (unless the next day is a weekend or holiday). This quick funding allows you to rapidly gain access to the money that you need.

Flexible Repayment Terms: Another major benefit of choosing Jora Credit installment loans is their flexible repayment terms. Before committing to a loan, you will be able to discuss the repayment schedule with a member of their team. This is optional, but if you do wish to select specific dates for repaying your loan, this is becomes an option available to you. Another fact that makes Jora flexible with their repayment terms is being able to pay off the loan in full before the original payment dates without incurring any early repayment penalties.

Clear Loan Terms: Jora Credit is simple to use and one of the aspects that contributes greatly to this is their clear repayment terms. Before signing any of their documents, you will already be clearly made aware of the exact payments you will owe, the dates they will be taken from your account and the date of your very last payment. There are no hidden fees and everything is well laid-out before committing to anything.

Loan APR Fees: By choosing Jora Credit, you’re opting for an installment loan with some of the lower APR rates in the industry. Jora has much lower rates than many competitors and are far better than payday loans, credit cards and many other types of short terms loans. If you need cash in a hurry, Jora is one of the best solutions for your needs.

Visit Jora Credit
APR
170% - 349%
Loan Amounts
$500 - $2,600
Time to Receive Funds
1 - 2 Days
Max Loan Duration
30 Months
Cash Advance Loans
Installment Loans
Personal Loans
Auto Loans
Mortgage Loans
Business Loans
Minimum Age
18
Minimum Monthly Income
Must have proven source of income (no min. amount)
Time at Current Job
N/A
Credit Score
N/A
Additional Requirements
  • Must have a job or proven source of income
  • Must have a valid email address
  • Must be located in one of their eligible states
Phone Number
1-888-256-6083
Address
5080 Spectrum Drive Suite 700W Addison TX 75001
Email Address
support@JoraCredit.com
Website

Monica Tillman is a full-time writer at FindOnlineLoans, where she dedicates a lot of effort towards creating high quality and completely unbiased reviews.

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