If you have already created a CreditNinja account in the past, to reapply please log in to your account. Once logged in, if you are eligible to reapply, you will see a button to click.
Generally, we offer unsecured loans up to $5,000. However, we encourage you to apply because your resident state will affect both the minimum and maximum loan amounts we offer and whether we make a loan directly or arrange a loan made by an FDIC-insured bank or other non-affiliated lender.
Your eligibility depends on creditworthiness and your resident state. To check eligibility, just fill out our quick online application. It will only take a few minutes and won’t affect your credit score.
Your funds will be deposited directly into your checking account.
Once approved your funds will generally be deposited the next business day.
An annual percentage rate (APR) is the total cost of credit, including interest and all other finance charges such as a loan origination fee (if one is charged in your state). The APR expresses your loan’s Finance Charge as an annual rate.
An installment loan is a loan that requires a fixed number of regular payments that are substantially equal in amount. Payments on an installment loan are calculated over a set duration. The installment loans we offer are fully amortizing, meaning that you will pay-off all principal by the maturity date if you pay the loan as scheduled.
No, a checking account is required to accept your loan funds.
The interest rate is applied to the principal balance every day. If you prepay a loan, you will generally not owe interest that has not yet accrued. APR includes interest but also includes other finance charges such as a loan origination fee. For this reason, the APR of your loan may be higher than the interest rate because APR expresses all of your finance charges as an annual rate.
Simple interest loans accrue interest on a daily basis. Moving your payments or making late payments will add more days to the life of your loan and can allow for additional interest to accrue on your loan.
If you need to change your repayment schedule you will need to call us at 855-NINJA-01 (855-646-5201) to speak with a customer support team member. They will be able to assist you with adjusting your repayment schedule.
"Bank Verification" is the third-party tool we use to verify your identity and to verify the activity in your open and eligible checking account. Because we verify this information through the automated and online process of Bank Verification, we will deem your loan application complete only if you provide the checking-account information required by the Bank Verification tool.
An online bank account is required in order to do Bank Verification. Without an online account we cannot verify the ownership of the bank account, which will result in us being unable to approve an application.
Because all the loans CreditNinja makes or arranges exceed the Military Lending Act’s 36% MAPR limit, CreditNinja does not offer loans to individuals covered by the MLA. To determine whether an individual is covered the MLA, we obtain a report from a national consumer reporting agency. We also ask the above question as an added precaution to ensure compliance with the MLA.
Under the MLA, “servicemember” generally means a regular or reserve member of the Army, Navy, Marine Corps, Air Force, or Coast Guard, serving on active duty under a call or order that does not specify a period of 30 days or fewer. “Dependent” generally means a servicemember’s spouse, child under age 18, or other individual for whom a servicemember provided more than half the individual’s support in the past 180 days.
If you want to check whether you are covered by the MLA, you may submit a single-record request on the official MLA website: https://mla-ap.dmdc.osd.mil/mla/#/login.