What Is a Personal Loan?
Personal loans are a form of funding where borrowers apply, and receive payment in one lump sum upon approval. Borrowers repay their balance, plus interest and fees, with fixed monthly payments over a preset period of time. Loan details like interest rates, loan terms, and loan amounts are determined by the borrower’s financial history, credit score, and income.
Personal loans can come in a few different forms, including payday loans, cash advances, or installment loans. CreditNinja recommends installment loans because they can come with better interest rates and more flexible terms compared to other bad credit loan options.
What Are the Types of Personal Loans You Can Get in Dayton?
Personal loans you can get in Dayton include:
- Bad credit loans
- Payday loans
- No credit check loans
- Cash advance loans
Bad Credit Loans
Bad credit loans are personal loans designed for people with poor credit, no credit, or past bankruptcy. Borrowers can access bad credit loans through a bank, credit union, or online direct lender. CreditNinja is an online lender that offers bad credit personal loans with fixed rates and flexible repayment plans.
Payday Loans
Payday loans are a type of quick cash loan that comes with high rates and low funding amounts. Many financial experts consider payday loans to be a predatory lending product because of their expensive rates, high fees, and short repayment terms.
In Ohio, payday loans are highly regulated and come with restrictions like:
- Maximum loan amount: $1,0001
- Maximum terms: Up to one year1
- Maximum annual percentage rate: 28%1
- Extra fees and charges: May not exceed 10% or $30, whichever is less.1
No Credit Check Loans
No credit check loans are loans where lenders forgo a traditional credit check during the approval process. Similar to payday loans, no credit check loans come with high rates, expensive fees, and low loan amounts.
Cash Advance Loans
Cash advance loans are short-term loans borrowers can access via a direct lender, or by borrowing against the credit limit on their credit card. There are also apps that offer cash advance programs where borrowers can get a little extra cash immediately and repay the balance in full with funds from their upcoming paycheck.
CreditNinja’s Dayton Installment Loans
CreditNinja installment loans in Dayton are an option for bad credit borrowers looking for a more affordable alternative to no credit check loans or payday loans. At CreditNinja, you can expect:
- Loan amounts ranging from $300 – $5,000
- Fixed interest rates
- Repayment up to 24 months
- No hidden fees
- No prepayment penalties
CreditNinja also offers online banking options where you can apply, receive funding, and even make payments without having to leave your home!
Dayton Installment Loan Rates
Your interest rates, or annual percentage rate, are the cost of borrowing. Lenders base interest rates on factors like:
- Credit history
- Income
- Current debts
Other factors that will affect how much interest you pay are your loan amount and repayment terms. Expect to pay more in interest for larger loan amounts with longer terms, and less interest for smaller loan amounts or shorter terms.
Can You Get a CreditNinja Bad Credit Loan In Dayton?
Yes! There’s no minimum credit score requirement to qualify for a CreditNinja installment loan. Instead of focusing on just your credit history, CreditNinja also considers factors like income, assets, and ability to repay when determining loan approval. We know you’re more than just a credit score!
Why Choose CreditNinja’s Online Loans?
Here are just a few reasons why people in Dayton choose to borrow money with CreditNinja:
| Flexible Payment Schedule Take up to 2 years to repay your loan. | Convenient Loan Terms Competitive rates and no hidden finance charges. | Loans for Bad Credit We accept applicants with all credit types, including past bankruptcy. |
| Easy Application Process Online application you can complete from any computer or smartphone. | Same Day Funding Get your cash the same-day you’re approved.* | Quick Approvals Find out if you qualify right away! |
What Can You Use a CreditNinja Installment Loan For?
Not only do they come with flexible terms and low monthly payments, but CreditNinja loans can be used to cover a variety of financial needs. Here are some reasons why people in Dayton, OH use CreditNinja:
| Home Improvement Take care of everything from a broken appliance to a bathroom remodel. |
Credit Card Debt Consolidation Take multiple balances and combine them into one debt consolidation loan. |
Medical Costs Pay for medical bills, prescriptions, or hospital stays. |
| Car Repairs Whether you just got in a car accident or just need new tires, CreditNinja has you covered. |
Life Events Weddings, funerals, travel expenses, etc. |
Other Emergency Expenses Get extra cash for unexpected bills, popup expenses, or necessities like groceries. |
How CreditNinja Dayton Loan Options Work
CreditNinja installment loans are considered a safer and more affordable alternative to most no credit-check loans. As a trusted lender since 2018, we take pride in offering quick, easy financial solutions for people with less-than-perfect credit.
Here’s how the process works:
| Apply Online Fast & Easy Find out if you qualify in a few minutes or less* |
Income Verification Confirm your income and review your terms, loan amount, and rates. |
Same-Day Availability* After you sign your loan contract, we’ll send your approved funds directly to your checking account. |
What CreditNinja Customers in Dayton Are Saying
See what other people have to say about CreditNinja personal installment loans:
| “The loan process was easy and quick.” – Karen Jackson via TrustPilot |
“Help[ed] me when [I] desperately needed it” – Yvette Lugo via TrustPilot |
“Fast and easy experience!” – Renee Leonard via TrustPilot |
Top Dayton Loan FAQs
What is an installment loan?
An installment loan is a type of loan where borrowers receive a lump sum of money upfront and repay the balance over a set period with recurring payments. Payments are usually scheduled monthly, but may also sometimes be scheduled weekly or bi-weekly.
How much can I borrow with a CreditNinja personal loan with bad credit?
CreditNinja loans start at $300and the maximum loan amount is $5,000.
What are the eligibility requirements for a CreditNinja loan?
Eligibility requirements for a CreditNinja loan are:
- 18 years or older
- Proof of ID
- Source of income
- Active bank account
How quickly can you get funding from a CreditNinja personal loan?
Quick loans from CreditNinja are delivered via direct deposit after you sign your loan contract. Expect funds in your account as soon as the same day or the next business day.*
CreditNinja does not act as a direct lender in all states. In certain states, loan products are offered and originated via bank partners, which are duly licensed financial institutions. The availability of loans and the identity of the originating lender may vary depending on state of residence and applicable state and federal regulations.
Sources:
What our borrowers are saying
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