Jora Credit

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$100 - $1,000 PAYDAY LOANS
$1,000 - $35,000 INSTALLMENT LOANS

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Jora Credit is a Lender that operates under the state specific rules for the states that it services. They are committed to the lending of responsible credit products to eligible applicants in need of emergency credit. Jora offers a simple, reliable way for customers to get a loan, and have the flexibility to repay it over a duration of time that makes sense for their lives and budget. Jora provides loans as soon as the next business day. Apply today and get $500 to $2,600 as soon as tomorrow. Get a Loan Fast!

Jora Credit Products & Services

Jora Credit Rates and Fees

Jora Credit interest rates and terms vary depending on the loan product you choose, where you live, your income, and your credit history. This table provides you with a range of rates, so you can get an idea of what a Payday loan, Installment Loan and Personal Loan may cost.

MAX Loan Amount

MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.

$2,600
MIN APR

MIN APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

170%
Collateral or Guarantor

Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

None, Unsecured
MIN Loan Amount

MIN Loan Amount

It’s the minimal amount of cash advance you can apply for. It’s not always stated, the average sum is $100. But it may vary depending on the lender and the state’s regulations.

$500
MAX APR

MAX APR

The maximum percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

349%
Terms

Terms

It’s the period of time within which you are to pay off your loan.

24 months
Trnabout time

Trnabout time

It's the period of time within which you get the money

1-2 business days
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How it works. 

When you’re in need of a convenient cash loan, you can turn to Jora. The application process is:

  • simple - it’s easy to apply right from your phone, laptop or tablet – anywhere, anytime.
  • secure - сomplete the secure online application, find out how much you can be approved for.
  • fast - accept your loan by 10:30am Central time and you can get your funds on the same day.
  • helpful - with Jora, you’ll have helpful tools to increase your earnings and maximize your career.

Before applying, be sure that:

  • You reside in a state we currently serve.
  • You are at least 18 years old (19 if residing in AL).
  • You have a job or other proven source of income.
  • You have a valid e-mail address.
  • You have an active and valid checking account.

How much a loan costs. 

Here are a few questions you should consider when shopping for an installment loan:

  • What will the overall cost be?
  • What are my other options, and how does this compare to them?
  • How necessary is it for me to take out a loan?
  • Can I afford to repay the loan, including interest and fees (if any)? Please note Jora does not charge fees.
  • If I miss a payment, will I be able to afford any penalties or extra interest (if any)? Please note Jora does not charge any pre-payment penalties.

Compare the average cost of a $500 Loan with biweekly and monthly repayments:

    

Complete disclosures of APR, fees and payment terms are provided with the Loan Agreement. APR and payment amounts may vary slightly based on initial term. These examples are based on an initial term of 14 days for Bi-weekly or 30 days for Monthly, and all payment amounts being the same; the final payment amount is determined by your payment history. If you miss a payment, or if your payment is late or returned, you may incur additional interest. You may pay off your loan early at any time with no prepayment penalty.

Contact information. 

Company name: Jora Credit is operated by Jora Credit Holdings, LLC

Telephone: 1-888-256-6083

Email:

Address: PO Box 8407 Philadelphia, PA 19101

 

FAQ
 
What types of loans does Jora offer?

Jora offers two types of loans, depending on your state of residence – installment loans and lines of credit. To see which type of loan is offered in your state, please view the What it Costs page and select your state.

 

Will my credit be affected if I apply for Jora Credit?

When you complete and submit an application for a Jora loan, we access the credit report of most applicants. Multiple credit inquiries in a short period of time may have an impact on your overall credit score.

 
Do I need good credit to qualify?

Not necessarily – in addition to credit score, we look at a variety of factors when considering your application.

 
How does the application process work?

After you get started you will be taken through a quick 4 step application of creating an account with Jora, providing personal and financial information and finally agreeing to the application disclosures before you submit.

Most applications receive a decision in a matter of seconds once they submit an online application.

If we are unable to verify any of your application information, you may be required to complete a quick and secure bank eligibility verification. Once complete, you will be notified of your results and in most cases this can be completed in a few minutes.

 
How will I know if my application is approved?

Most applications receive a decision in a matter of seconds once they submit an online application. You will also receive an email notification.

If we are unable to verify any of your application information, you may be required to complete a quick and secure bank eligibility verification. Once complete, you will be notified of your results and in most cases this can be completed in a few minutes.

 
 
How much can I borrow?

First-time applicants can qualify for a loan between $500 and $2,600 depending on the state of residence. See What It Costs page for additional information specific to your state.

 
How soon will I get my money?

For installment loans, if your application is approved, verified, and your loan agreement signed prior to 10:30 a.m. Central time (Monday – Friday, excluding bank holidays) your loan will be funded that same day. You will have to check with your bank to see exactly when the funds will appear in your account, but it should be there by 5pm your local time. If you sign and submit your loan agreement after 10:30 a.m., your loan will be funded on the next business banking day. Alternatively, you can request that we send you a paper check by mail, which will take approximately 7 – 10 business days to receive.

For lines of credit, if you submit your Cash Advance request prior to 10:30 a.m. Central time (Monday – Friday, excluding bank holidays) your request will be funded that same day. You will have to check with your bank to see exactly when the funds will appear in your account, but it should be there by 5pm your local time. If you submit your Cash Advance request after 10:30 a.m., your request will be funded on the next business banking day. Alternatively, you can request that we send you a paper check by mail, which will take approximately 7 – 10 business days to receive.

 
Who is the lender?

Jora Credit is the Lender. Jora Credit operates under state specific companies, licenses, and rules for the states that it services. Jora Credit does not lend or arrange loans or lines of credit in all states. Please see What it Costs for the serviced states and applicable terms.

 
 
How much does it cost?

Your total cost of credit depends upon the state you live in, the amount you borrow, and prior credit or loan history. For example, in Missouri, the Annual Percentage Rate (APR) for an Installment loan of $2,000 is 230% with 48 bi-weekly payments of $179.54. See What It Costs page for more details specific to pricing and the product(s) available in your state.

Jora Credit loans are an expensive form of credit and are not suitable for everyone. You must carefully consider your own unique financial situation and make an informed decision about whether or not a Jora loan or line of credit is the right option for you.

 
Why is Jora Credit so expensive?

Jora Credit customers are generally considered higher risk borrowers who usually have trouble accessing other credit products available in the market today. As a result of this added risk, we experience much higher losses and higher costs than other lenders like banks or credit card companies. So, in order to cover these higher losses and costs we must charge higher rates for our loans.

To be sure, Jora Credit loans are an expensive form of credit and are not suitable for everyone. You must carefully consider your own unique financial situation and make an informed decision about whether or not a Jora loan or line of credit is the right option for you.

 
What will happen if I'm late on a payment?

You are responsible for making your payments on time. To make on time payments easier, you can schedule automatic electronic payments from your checking account or you may provide payment in the form of check or money order. If you make a payment late, fail to make a payment, or a payment is returned unpaid, you will accrue additional finance charges but Jora Credit does not charge NSF or late fees. We may resubmit the payment to your bank if a payment is returned. If you are unable to make your scheduled payment, please contact Customer Support to see if we are able to help.

 
Does Jora Credit charge prepayment penalties, late fees, or non-sufficient funds (NSF) fees?

Jora does not charge additional fees such as prepayment penalties, late fees, or non-sufficient funds (NSF) fees.What are my payment options?

 
 What are my payment options?

Jora Credit provides you with the choice of making payments on your credit over time or paying off at any time without a prepayment penalty. For example, in Missouri, the Annual Percentage Rate (APR) for an Installment loan of $2,000 is 230% with 48 bi-weekly payments of $179.54. See What It Costs page for more details specific to pricing and the product(s) available in your state.

 
How do you protect my personal information?

Keeping your financial and personal information safe is one of our highest priorities. Jora has taken a number of measures to keep our process completely confidential and secure. Please review the details on our Security page. Also, please review our Privacy Policy for details on how we handle your personal information. If you have additional unanswered questions, please Contact Us.

 

 

 

 

 

Quick Definitions.
 
ACH

An ACH (Automated Clearing House) is a transaction processed through an automated clearinghouse network that facilitates many electronic interbank funds transfers. An automated clearinghouse is operated for the benefit of a number of banks in order to efficiently process the transfer of funds electronically. Since an ACH typically operates only on weekdays, you may notice disclaimers like "next business day."

 
Agreement

This legal document makes a loan official. The agreement formalizes the terms of the credit between you and the lender. When you sign a loan agreement or credit agreement, you enter into a contract that holds you responsible for paying back the money borrowed and any additional interest and fees.

 
APR

APR (Annual Percentage Rate) is the interest payable on the amount borrowed plus other fees expressed as an annual rate of charge.

 
Arrears

If you've missed one or more loan installments, then you're in arrears. Payment overdue? You're in arrears. People in arrears can have trouble qualifying for future credit, so talk to your creditors before your situation deteriorates further. Seek alternatives for making payments if you fall behind.

 
Assets

Assets are anything you own that has financial value. Your cash, property, stocks and bonds, even your home electronics are considered assets.

 
Balance

A balance can be the amount of money in your bank account. It can also indicate how much you owe a lender to pay off your loan.

 
Bank Loan

An alternative to a quick, easy and convenient loan from Jora, bank loans can involve a meeting with your bank manager and are subject to approval.

 
Bounced Check

A check "bounces" when your bank account doesn't have enough funds to cover payment. (See NSF below.) The bank returns the check to the payee — unpaid. Now, in addition to still owing money to the intended recipient, the bank and the payee will most likely charge you a substantial fee.

 
Budget

Preparing and keeping a simple budget is one of the best things you can do to stay on top of your finances. A budget tracks your cash inflows (paycheck, interest and other income) vs. outflows (rent, groceries, gas, utilities and other expenses), so you can see what, if anything, is left.

 
Cash Advance

A cash advance is money provided against a prearranged line of credit such as a credit card or a loan agreement. It can also describe a small loan made over a short period of time.

 
Charges

Financial institutions provide various services, and customers pay for the convenience and resources made available. Fees include interest charges and cash advance charges. Additionally, if their services are misused or terms are broken, many institutions assess penalties, including overdraft charges, bounced check fees and late payment fees.

 
Clearing Cycle

Checks and electronic payments go through this process when paid into your account. The clearing cycle time can vary based upon the type of credit.

 
Credit Bureau

A credit bureau, or credit reporting agency, collects data from numerous sources and provides information on individual consumers. Lenders use this information, sometimes in the form of a credit rating, to help them assess the creditworthiness and the likely ability of someone to pay back a loan. Examples of credit bureaus in the United States are TransUnion, Experian and Equifax.

 
Credit Limit

Your credit limit is the maximum amount of money that you can borrow. The lender typically determines this amount based on a number of factors.

 
Credit Rating

Credit ratings (or credit scores) are typically used by financial institutions to help them assess the creditworthiness of an individual, corporation, or even a country. They are usually derived from a number of factors including financial history and current assets and liabilities. Typically, a credit rating indicates the probability a subject will be able to pay back a loan.

 
Credit Report

This document summarizes your credit history, including information from credit bureaus, banks, retailers and collection agencies. It can also include details of your borrowing, applications for credit, court judgments and bill payment behavior. You can request a free copy of your credit report from the credit bureaus.

 
Debt

Debt is money owed to a person or company.

 
Early Repayment

Paying back a loan before the arranged due date. Some banks charge fees for doing this. Not at Jora — you can pay your loan off in installments or all at once, at any time, without penalties.

 
EFT Authorization

This process allows you to make automatic payments and not miss a due date. You provide written permission for your lender to withdraw specified dollar amounts on specified dates directly from your checking account.

 
Fixed-rate Interest

A fixed rate remains the same throughout the entire loan term.

 
Gross Income

The larger of the two income numbers on your paycheck. Your gross income is the amount your employer pays you before taxes, insurance, retirement contributions and other withholdings are deducted.

 
Interest

You can look at this in two ways. Interest can be the amount you earn on your savings and investments. Interest is also the amount you pay on money you borrow. Commonly expressed as a percentage, interest is often included in the total cost of a loan. (See APR.)

 
Loan

A loan is money borrowed on condition that it's paid back per an agreement. There are several types of loans, including a quick and convenient installment loan from Jora.

 
Loan Period

The loan period is simply the length of time you borrow money. It can last any number of days, up to years, depending upon the terms of the agreement. In most cases, interest continues to accrue throughout this repayment period.

 
Net Income

The smaller of the two income numbers on your paycheck. This is your "take-home pay," or the amount remaining after all deductions, such as taxes, insurance, and retirement contributions have been subtracted from your gross income.

 
NSF

This stands for Non-Sufficient Funds and means you didn't have enough money in your account to cover your payment. Unfortunately, your financial institution will most likely assess you with additional fees or penalty charges.

 
Online Banking

Online banking (e-banking or Internet banking) refers to banking services available via the web. These programs typically allow you to check your balance, order checks, pay bills, make a cash transfer and perform other services.

 
Outstanding Balance

This is the amount that remains to be paid back on a loan. For example, when you make regular one-time payments, on a Jora loan, your outstanding balance goes down with each installment.

 
Payday Advance

This is another term to describe a payday loan.

 
Payday Loan

A payday loan, or payday advance, is a short-term loan that's intended to cover expenses until you get paid. The lender typically charges a fixed fee based on the amount borrowed, and you have until your next payday to pay it off — regardless of when you apply. Payday loans often help people who can't get credit elsewhere. A Jora installment loan is typically a less costly and more flexible emergency cash alternative.

 
Penalty Charges

These fees are typically assessed after you have broken the terms of your agreement for things like bounced checks or Non-Sufficient Funds (NSF).

 
Promise Date

This is the date that you say you will repay your loan or make a payment on your loan.

 
Rate

Rate refers to the level of interest charged by a lender, and is usually expressed as an Annual Percentage Rate (APR).

 
Transaction

Basically, it's the movement of money. When you withdraw cash from your account, that's a transaction. Make a loan payment? Transaction.

 
Underpayment

A loan payment that is less than the amount you're expected to pay on a specific date.

 

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