Jora Credit Review

Summary

Jora Credit is an online lender that offers personal installment loans. This allows a borrower to have set payments over a period of time, which is different from a payday loan, which usually requires a payment after you are paid.

Jora has different options for installment loans, with first-time Jora users being able to borrow $500 to $2,600, and existing customers up to $4,000.

Loans are paid back on a bi-monthly or monthly schedule.

Jora Credit provides loans for people with bad credit as they also look at a variety of other factors when assessing your application.

Jora also offers a service called Allay, financial advice designed to improve your financial situation. Allay provides a supplemental income tool, salary calculator, career path tool, and job listings.

Jora Credit provides two types of loans: installment loans and lines of credit.

Installment loans are available from $500 to $4,000. However, first-time borrowers can qualify for loans up to $2,600 depending on their state.

Short-term loans are ideal for borrowers who need a once-off amount to pay back over time, whereas a line of credit is a revolving loan.

Loan Requirements

To apply for a loan from Jora Credit you need to:

Jora is also willing to work with low-income individuals and those with low credit scores.

Rates & Fees

Jora’s terms vary on state and loan amount. The APR of loans offered is fixed and ranges from 186% to 349%.

Jora does not charge prepayment fees, origination fees, or late fees.

Payment Terms

Payment periods vary, with Jora providing options from 1 to 30 months. Payments can be made on a monthly or bi-weekly basis.

How to Apply

Jora Credit’s application process is fairly straightforward.

Jora keeps all personal information secure and confidential. Once approved, simply select the loan that meets your terms.

The money should be deposited into your checking account within the next business day.

Pros

Cons

Jora Credit is a reliable lender that offers loans to people without a perfect credit score. Although they are only available in some states, their terms and fees are transparent and there is a lot of information available on their website.

The application process is easy and straightforward, and loans can be paid out on the same day. Borrowers can also choose between fixed-term loans and lines of credit, depending on their personal needs.

One downside is that Jora Credit loans may come with higher interest rates due to the fact that borrowers often come with a higher risk.

Read more reviews below or add your own Jora Credit review.

Customer Service

Customer support is available Mondays to Saturdays, via email or phone. The Jora Credit phone number is 1-888-223-8067. They also have an extensive list of FAQs and transparent information regarding fees and terms.