Jora Credit Review | Loans Like Jora Credit | Credit Raters us-lenders
Last updated: 28th Feb 2020

Jora Credit Review

Unlike the old days when you had to depend on traditional lenders for financial aid, nowadays, obtaining a loan has become as easy as hitting a key in your computer. Nowadays, if you need to raise cash quickly, there are plenty of lenders at your disposal. 

Jora Credit is one of the best creditors out there in the market worth checking out. And if you think that your credit score is terrible and no lender can offer you a loan, then you haven’t tried Jora. 

Launched in 2017, Jora is an online-only credit platform that is based in Texas. With Jora, everything is done online. The application process, loan offer, repayments, every one of these processes can be completed on your computer right at the comfort of your home. 

If you’re considering doing business with Jora Credit, here is what you should know first. 

How Much do Jora Credit Loans Cost?

One of the most crucial factors to consider when analyzing your financial provider is the service costs. Since Jora Credit eligibility score isn’t that strict, its rates are not as friendly as those of traditional lenders.

However, the rates are relatively reasonable when compared to other online creditors in its class. For instance, most payday loan providers can charge up to 400% APR. Jora’s APR ranges from 179 % and can even go up to 349%.

In terms of how much money you want to borrow, Jora minimum and maximum loan amount range from $500 to $2600, respectively. The loan offer turnaround time is between 1 to 2 business days. As for the repayment period, it ranges between 4 months and 30 months. However, these terms might vary based on some factors such as state regulations. 

Key features of Jora Credit Loans

First, it’s worth noting that Jora Credit offers two types of loan options – lines of credit and installment loans. As for the lines of credit, you are offered an available credit line from which you can use like a credit card. On the other hand, the installment loans give you a lump sum which you’ll be required to pay back with regular payments for a given period of time. 

The good thing about these loan options is that they are both unsecured. This means that you won’t be required to provide any collateral to acquire loans. Also, you don’t need to pay anything to obtain a loan. 

Here are some of the benefits and downsides of using Jora Credit:


  • All loans are unsecured 
  • Quick and easy application process 
  • You can qualify for a loan with a bad-poor credit rate 
  • Offers all loan purposes – once you’re approved for a loan, you can use it for any purpose you see fit. 
  • Loan processing is quick – it takes about 1 to 2 business days. 


  • High Costs 
  • Loan services are not available everywhere – you can’t acquire a long-term if you don’t reside in the states outlined by Jora 
  • Jora’s auto-pay repayment process can subject you to issues such as bank overdrafts fees in case money is deducted without enough balance. 


Is it safe to use Jora Credit? 

If you are worried that your financial information may be exposed or leak to hackers and other harmful sources, with Jora, you have nothing to worry about. You can rest assured that both your personal and financial information is protected against all online dangers. 

However, basic online caution is essential. For instance, make sure that you log out when you use shared computers to access any websites. Also, do not share your password with unverified sources. 

Does Jora Credit Look at My Credit Report? 

Yes, you’ll be required to provide your credit report to Jora during the application process. However, the good news is that there is no minimum credit score to qualify for loans. 

Does Jora offer Payday loans? 

No, Jora only offers two types of loans, lines of credit and installment loans.

Can I repay my loan early? 

Yes, with Jora Credit, there are no prepayment penalties. You can pay your full loan balance anytime. This is even better as it may reduce the costs of interest payable. 

Eligibility Criteria

With Jora Credit, it’s straightforward to qualify and obtain a loan. While many creditors only offer loans to parties with a credit score of a certain level, Jora accepts all credit scores – from the best to the poorest rating. Other requirements include:

  • Valid US checking account 
  • Have a government ID 
  • Be At least 18 years old of age 
  • Be a US citizen 
  • Have a steady source of income 
  • Be a Resident of an eligible state 
  • State Availability

If you are based in the following states, you qualify for a loan with Jora Credit. 

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

If you don’t reside in these states, then it might not be possible to apply for a loan with Jora. 

Customer Support

As for the customer support at Jora Credit, the interaction experience is excellent. Whatever information or query you may have, just contact the support for assistance. They are prompt and ready to listen to you. 

The Application process

The application process for Jora Credit is easy and quick. In fact, you’ll know whether you qualify for a loan within minutes. The entire process will only take about 5 to 10 minutes. 

To apply for a loan, visit the Jora website and click Apply Now”.  You’ll be requested to create an account. Here, you will provide your name and email address. You’ll also be required to set up a password for your account. Other details that you can expect to provide include:

  • State of residence and address 
  • Date of birth  
  • Social Security Number 
  • Phone number 
  • Driver’s License Number 
  • Income information such as bank account number 
  • Your bank’s routing number 

Once you fill out all the information, agree to Jora’s privacy terms and regulations, and then click Submit. 

From there, Jora will respond to your application immediately with either of the following answers – approved, conditionally approved, or denied. 

If you are loan is approved, you’ll be required to sign a digital loan agreement. You will be notified of your loan information including the amount allocated, rates, and repayment terms. 


Jora Credit is a good leader, especially if you’re credit score is wanting. If you need a quick loan and are eligible, then don’t shy away from contacting Jora. There numerous benefits of choosing Jora Credit as your financial aid provider.