Question 1

How much can I borrow?

Accepted Answer

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 a federally-insured bank or other non-affiliated lender. Fill out the quick and easy online app to learn more.

Question 2

What is an installment loan?

Accepted Answer

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, which will be disclosed in the lending agreement. 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.

Question 3

What is an APR?

Accepted Answer

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. Part of the due diligence of a customer when applying for a loan is to be familiar with the APR. This applies to online loans, line of credit, or any other type of loan.

Question 4

I don't have a bank account, can I still apply for a loan?

Accepted Answer

No, a checking account is required to accept your loan funds. Consider becoming a customer of a bank and opening a checking account. You usually don’t need too much cash to open an account.

Question 5

How will my loan be funded?

Accepted Answer

Your funds will be deposited directly into your checking account via direct deposit.

Question 6

What is an online loan?

Accepted Answer

An online loan is any loan that allows you to apply and receive your money online. Many online lenders now offer a 100% online experience for applications, funding, and repayment. Getting a cash loan online requires the same amount of research as any other loan. Make sure to thoroughly research the online lender you’re considering.

Question 7

How to apply for loans online?

Accepted Answer

The simplest way to apply for a loan online is to find a lender that offers an online application, and then fill it out with the personal and financial information they require. Make sure to research plenty of lenders first to find the best lender and interest rate for your situation. Many types of loans are now available online including installment loans, payday loans, and more.

Question 8

What types of online loans does CreditNinja offer?

Accepted Answer

The types of online loans CreditNinja offers are personal installment loans for borrowers with less-than-perfect credit scores. You can apply, receive a decision, and get your money online. They can be used for personal expenses, medical bills, or unexpected emergencies.

Question 9

How do online loans work?

Accepted Answer

An online loan is similar to a traditional loan, but is offered online. With many lenders you can get a 100% online experience from the application, to the funding, and even repayment. Some lenders will even deposit cash directly into your bank account.

Question 10

What is the easiest loan to get approved for online?

Accepted Answer

The easiest loan to get approved for online is likely a bad credit personal loan, payday loan, or secured loan. These loans offer borrowers with poor credit a chance to receive the funds they need. But be careful, as some options may carry high interest rates or unreasonable terms and conditions, such as payday loans and title loans.