Loans from
$300 – $5,000

Repayment term
4 – 24 Months

Minimum credit score
No min. to apply

The figures provided are representative of a typical installment loan made or arranged by CreditNinja and are not guaranteed rates or terms that you may qualify for.

By Izzy M
Modified on March 26, 2024

Durham, also known as Bull City, is a city in North Carolina. Historians believe the site of Durham was once Adshusheeran, an ancient Native American village. The Eno and the Occaneechi tribes resided in Durham before Europeans settled in the area.

Durham’s name comes from Dr. Bartlett Durham, a physician and entrepreneur. The nickname Bull City originated in the 1800s when Durham was a major tobacco center. The Blackwell Tobacco Company named their product “Bull” Durham Tobacco, and the nickname came to fruition.

Durham is now best known for technology companies and two important educational institutions: North Carolina Central University and Duke University. The Research Triangle is a metropolitan area in Durham that produces necessary research for various industries. Academics call Durham the City of Medicine because there are over 300 medical companies.

Residents referred to Durham’s Parrish Street neighborhood as Black Wall Street due to several successful African American companies. John Merrick was an African American businessman best known for creating the North Carolina Mutual Life Insurance Company in 1898. To this day, it is the largest and oldest African American-owned life insurance company in the United States.

If you’re in Durham, visit the Sarah P. Duke Gardens. There are 55 acres of beautiful gardens to admire, such as the Asiatic Arboretum and Historic Gardens. You can explore five miles of walkways that travel through various gardens. If you have time, sign up for a lecture about landscaping, photography, and other topics.

If you crave knowledge, visit the Museum of Life & Science. This museum has activities for children and adults. There are plenty of interactive exhibits you can get your hands on. Learn about space, weather patterns, science, math, and health. The outdoor area features wild animals, such as black bears.

According to the 2021 census, Durham has a population of 326,126 residents. Owner-occupied homes make up 55.4% of the population. The cost of homes in Durham varies, but the median value is roughly $241,800. Homeowners with a mortgage pay approximately $1,457 in monthly housing expenses. Homeowners without a mortgage pay about $496. Durham residents that pay rent typically pay $1,103 every month.

What Is a Personal Loan?

A personal loan is a form of installment loan available to eligible borrowers in Durham, North Carolina. To afford the high cost of personal expenses, you may use a personal loan to get a lump sum of money in your bank account. The money you borrow is repaid through scheduled monthly payments.

The benefit of personal loans is that repayment terms can be customized to your current financial situation. You can apply for a minimum or maximum loan amount! Use the money to cover a monthly bill or finance an expensive vehicle repair.

You may also be able to adjust the amount of time you receive for repayment. If you want to avoid a long financial commitment, you can request a short loan agreement. If your loan amount is high, you may ask for extended terms to get affordable monthly payments.

Your loan agreement should not add to your stress in Durham, North Carolina. Consider the benefits offered by North Carolina lenders and what would make the repayment process easier on your finances.

What Are the Credit Score Qualification Requirements?

Eligibility for a personal installment loan depends on your credit score and ability to make payments on time in Durham, North Carolina.

If you need cash quickly, you may think you are ineligible for affordable loans due to a bad credit score. What is a bad credit score? According to the credit bureaus, a bad credit score is anything lower than 670. However, a bad credit personal loan is available! Individuals with an unstable credit history may still get loan approval if they can provide proof of income.

Income is one of the main qualifying factors for North Carolina personal loans. You can qualify to get fast loan proceeds if you provide valid documents that prove you have the financial means to repay a loan.

What Expenses Can I Pay with Personal Loans in Durham, NC?

Personal loans are a great loan option to cover the cost of various personal expenses. You can split up your loan proceeds to pay for multiple purchases or use the entire amount on one payment. Your personal loan money is yours to spend, so use it however you want.

These are a few common reasons borrowers apply for personal loans:

Home Improvements

Improving your home can improve your life. You may benefit from a gorgeous remodel project if you hate your small outdated bathroom. Having a living space you enjoy being in can ease your mind and give you energy. Home improvement projects can also significantly increase the value of your home. If you decide to sell your home in the future, you can get a more significant return on Investment. If you need a couple thousand dollars to start work on your home, try applying for North Carolina personal loans!

Avoiding Eviction

Handling your own finances can be overwhelming when life throws unexpected problems your way. You may have lost track of your rent schedule and missed a couple payments. If you receive an eviction warning, don’t panic! There are plenty of financing options to consider if you need an emergency eviction loan. Even if you have a bad credit score, you could qualify for Durham personal loans! Catch up on rent payments and avoid a future risk of eviction.

Getting Car Out of Impoundment

Your car can get impounded for various reasons, such as unpaid parking tickets or incorrect parking. The cost of getting your vehicle out of an impound lot can be steep. You will have to pay a towing fee, storage fee, and additional fees. If your car was impounded due to unpaid parking tickets, you would also have to cover the total cost of the parking tickets. A personal loan could help you get enough cash to reclaim your vehicle.

Debt Consolidation

Do you have a lot of credit card debt? Having too many bills can make paying bills significantly more stressful. But you can organize your finances by adjusting your credit mix. You can use a personal loan for debt consolidation in Durham, NC! Combine multiple credit card accounts to reduce the number of bills you have to pay monthly. Credit cards typically have high-interest rates, so you could pay fewer interest fees by consolidating your debt.

Funeral Expenses

Planning a funeral is emotionally devastating and financially expensive. As the funeral organizer, there are numerous decisions you have to make. All of your preferred options may add up to a massive bill that amounts to thousands of dollars. Since funerals are usually unexpected, you may not be financially prepared to handle such a high expense. Durham personal loans could help you quickly get enough money to afford a lovely funeral service.

Different Types of Personal Loans in Durham, NC

Applying for a personal loan online can help you get financial relief quickly and conveniently. However, there is more than one personal loan option for you to choose from in Durham, NC. Consider how soon you need money, your financial background, and if you are willing to use collateral. Read about your personal loan options in Durham below:

Bad Credit Loans

The good news is that you could get loan approval for personal loans despite a low credit score. However, specific loan options could offer better perks for your current financial situation. A bad credit loan could help you get the loan terms you want when your credit score is in a low range. Interested in buying a home? You may be able to get a house loan with bad credit in Durham, North Carolina!

Same-Day Loans

If you need money to quickly make an expense, you need to apply for a same-day personal loan! Don’t waste time considering other financing options when you could get cash in your hand within one business day. Fast money allows you to get your life back on track and avoid additional fees in Durham, NC.

No Credit Check Loans

Undergoing a credit check takes time and may decrease your credit if you have made too many inquiries this year. But you could apply to get debt consolidation money without going through a hard credit check in Durham, North Carolina! With no credit check loans, same day funding is possible and you only require a soft credit check. This type of credit check does not appear on a credit report, nor does it change your FICO score.

Secured Loans

A secured loan allows borrowers with bad credit to use an asset as collateral. The benefit of using collateral is that you could potentially get lower rates and more loan money. If you can afford the risk of losing possession of your asset, then consider a secured personal loan in Durham, NC.

What Documents Do I Need To Get Personal Loans in Durham, NC?

Wondering what documents borrowers need to provide to get personal loans in Durham, NC? To help speed up the approval process for a personal loan, you can start gathering your documents ahead of time.

Online personal loans offer the same benefits as traditional personal loans, but the application process is done entirely online. You can inquire about emergency cash by using your computer or mobile device. You can just upload a few clear images online to submit your paperwork.

The exact paperwork that is acceptable depends on the lender you work with. Still, generally, you will need to provide the following documents.

Proof of Identity

To qualify for any type of financial assistance, such as a loan, you need to show proof of identity. A government-issued photo ID is required to confirm your identity and prevent fraud. Most personal loan lenders will accept either a driver’s license or a state identification card.

Proof of Income

If you have adequate proof of income, you could qualify for funding with bad credit. Most borrowers use paycheck stubs, but you may find a lender that accepts alternative income documents. For example, you could provide bank statements, government award letters, or invoices.

Proof of Address

To get a personal loan in the state of North Carolina, you will need to show proof of address to a lender. Proof of address is typically any official documentation that displays your full legal name and address. For example, you could use credit card statements, utility bills, or insurance statements.

Proof of Asset Ownership

Most personal loan options are unsecured, meaning you don’t need collateral for approval. However, secured loan options are available should you choose to use an asset. To qualify for secured loans, you will need proof of asset ownership. For example, you may use a house deed or documentation for a certificate of deposit.


Some personal loan lenders will ask you to provide a few references. Typically you can give a mix of professional and personal contacts.

What Are the Benefits of Personal Loans in Durham, NC?

Still thinking about your loan options in Durham, NC? Personal loans offer more benefits than most alternative financing options. You can get perks that save you money and make the repayment process simple. Read about some benefits you may receive below:

Low-Interest Rates

The interest rate you get for borrowing money is crucial. If the rate is too high, you may struggle to make your monthly payments. Low rates are typically only reserved for borrowers with perfect credit. Still, you can get low-interest rates with personal loans in Durham, NC.

Flexible Repayment Length

You can choose how much time you want to pay back your borrowed money with a personal loan. The loan term can be either short or extended. Choose a short repayment period if you want to save money on interest fees, or choose extended terms to get lower monthly payments.

Perfect Credit Not Required

You do not need perfect credit to qualify for personal loans in Durham, NC. You may be eligible to get a debt consolidation loan if you can provide proof of your ability to repay the loan. Your financial capability is mainly judged on your monthly income, not your current credit range.

Fixed Monthly Payments

You can guarantee your monthly payments will be the same every time. You can easily plan your monthly expenses with personal loans. Other loans offer variable interest rates, but these repayment terms can be incredibly risky. Fixed payments ensure you have sufficient income to cover the bill.

Fast Approval

If you have a bill due soon or need money to schedule a repair, you may want to get quick cash loans. Lucky for you, personal loans provide fast cash in Durham, North Carolina! Thanks to a quick approval process, you can obtain money in your bank account within one business day! There is no need for you to wait days for a lender to process your information.

No Spending Restrictions

Some loan options in Durham require you to provide documentation of how you spend your loan money. This is typically done to ensure you use the money for certain expenses. Personal loans are meant for personal expenses, so you can use your money however you want. There is no need for you to disclose your financial struggles.

Apply for a Personal Loan With CreditNinja in Durham, NC

Do you need some financial relief in Durham, North Carolina? You can conveniently apply for funding online when you work with CreditNinja.

CreditNinja provides online financing options for Durham residents with bad credit. Having bad credit can limit your financial choices, but personal installment loans have flexible requirements. Do you have the ability to make payments on time? You may be able to qualify!

The loan process with CreditNinja is quick and easy. Start by filling out an online application form and providing your personal information. If you are eligible for our personal loans, you can get money sent directly to a checking account, typically, within one business day!

These are just a few benefits you can receive with CreditNinja financing:

  • Simple Online Application — Apply for financing right from the comfort of home!
  • No Pre-Payment Fees — There are no pre-payment penalties, so you can repay your loan as early as you want.
  • Personalized Repayment Terms — Choose the best repayment length and loan amount for your current financial situation.
  • Decent Rates — The interest rates are decent with CreditNinja!
  • Quick Electronic Funding — Get your approved personal loan money sent quickly through direct deposit!

What our borrowers are saying

  1. Durham, NC Census
  2. Welcome to The City of Durham
  3. Durham History
  4. 14 Top-Rated Attractions & Things to Do in Durham, NC

¹Not all loan requests are approved. Approval and loan terms vary based on credit determination and state law. Applications approved before 10:30 a.m. CT Monday – Friday are generally funded the same business day. Applications approved after this time are generally funded the next business day. Some applications may require additional verification, in which case, the loan if approved, will be funded the business day after such additional verification is completed.