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. We encourage you to apply because your state of residence will affect the minimum and maximum loan amounts we offer. Your state of residence will also affect whether we make a loan directly or arrange a loan made by an FDIC-insured bank or other non-affiliated lender.
To qualify for a loan you must meet the following requirements:
Be a resident in the state that we have an active lending license in
Be at least 18 years old. (19 in Alabama and Nebraska)
Not presently be a covered borrower as defined by the Military Lending Act (“MLA”). Due to the changes in the Military Lending Act effective October 3, 2016, the products CreditNinja offers are not available to applicants listed as Covered Borrowers in the Military Lending Act database, including qualifying active duty service members and their dependents as defined in 32 C.F.R. § 232.
Have a traditional bank account in your name with 60 days of history.
Receive your paychecks through direct deposit. (Due to state regulations, residents of New Mexico are exempt from this requirement.)
Receive regularly deposited income into a 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 fixed period of time. 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, the loan products we offer require a borrower to have an open and active checking account or prepaid debit card.
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 may cause additional interest to accrue because you are not paying-down principal as quickly as the payment schedule reflects.
If you need to change your repayment schedule you will need to call us at 855-646-5201 to speak with a customer support team member. They will be able to assist you with adjusting your repayment schedule.
CreditNinja uses two bank verification companies, Quovo (recently purchased by Plaid) and Yodlee as third-party providers for the bank verification process. The bank verification step in our application process is intended to verify your authority and access to external financial accounts, confirm your ability to access such accounts, and verify your financial information as part of the application process.
CreditNinja does not store your bank account’s username and password, see any of your security questions or assist your bank when security pin numbers or questions are sent directly to you, and all of your bank credentials are encrypted.
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. As an added precaution to ensure compliance with the MLA, we also ask loan applicants whether they are a servicemember or a servicemember’s dependent covered by 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.
If you have any questions the fastest response will always be to call us at 855-646-5201. However you can email us at [email protected]
CreditNinja is a web-based company and all transactions are completed online or over the phone. To speak with a representative, please call us at 855-NINJA-01 or email [email protected]
We are happy to help you update your payment frequency when you have had an exciting new life event like a job change. Please email two of your most recent pay-stubs to [email protected].
Please make sure your email includes your full name, last 4 of your social security number or loan ID. We will review and contact you for the next steps around signing your new payment schedule and loan documents.
Yes! CreditNinja, aims to provide straightforward access to credit. You won’t be asked to provide a home or car title as collateral when applying with CreditNinja.
No. A “pre-approval” is still subject to our verification of your identity and credit information. As stated in our mailer, we will not extend credit if you do not meet our pre-established criteria, meaning: you are a U.S. citizen or permanent resident; are 18 years old (19 in AL and NE); reside in a state CreditNInja operates in; have direct deposit for your income source (New Mexico residents are exempt from this requirement by law); your verified income supports your ability to repay; and, meet our verification standards.