In-Depth Analysis

Jora Credit Review 2024

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Written By
I. Mitic
October 07, 2023
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Jora Credit Holdings is an online lender that makes small, unsecured personal loans. Thanks to its fast and secure online application, you can expect to receive Jora funds within one business day. Although this service charges unbelievably high rates, Jora Credit reviews and approves even applicants with very poor credit histories.

Loan amounts
$500 – $2,600

APR range 170% – 349%

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Fortunly Rating

Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.

$500 – $2,600 (for first time borrowers)
4-30 months
170% – 349%
0% origination/closing fee/late payment fees
Same day funding
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pros thumb up Strengths
  • Instant funding
  • No credit score requirement
  • No collateral
  • Simple application process
  • No origination fees
  • No prepayment penalty
  • Monthly or bi-weekly payments
pros thumb up Weaknesses
  • Not available in all states
  • Very high APR

Jora Credit Overview

Jora Credit Holdings is a Texas-based online lender that provides two types of financing – personal loans and lines of credit. This is a new lending platform, founded in 2017, but it already has provided loans to thousands of borrowers. Most of them are individuals looking for legit online loans for bad credit to cover debts and pay off credit cards.

Jora offers personal loans ranging from $500 to $2,600 even to first-time borrowers. The amount you can borrow depends on the state you live in. Borrowers in Utah are eligible to apply for a maximum of $3,000. For those from North Dakota, the minimum loan is $1,250.

The company is regulated under laws specific to each state. Those laws specify the amounts people can borrow, the repayment period, and allowable interest rates.

Jora Credit services and products are available in just 10 states. If you want to borrow money, you’ll need to make sure your state is among them. Jora does business in Alabama, Delaware, Missouri, Mississippi, Idaho, New Mexico, North Dakota, South Carolina, Utah, and Wisconsin.

Jora Credit loans are unsecured, meaning that you don’t need to sign over a valuable asset to obtain a loan. But unsecured loans usually result in higher interest rates. When it comes to Jora, annual percentage rates are extremely high, ranging from 170% to 349%, depending on the state you are in.

Jora specializes in short-term loans. This could get you into trouble. A loan from Jora could get you out of an immediate cash-flow problem and then land you in another if you find you can’t make the payments, trapping you in a cycle of debt.

Despite the high interest rates and accelerated repayment periods, Jora Credit on BBB is ranked among the most promising lenders. The company has an A score and customers’ reviews like the one we show below are quite positive, praising the quick and easy service.

jora customer review example

But the main reason for borrowing money from Jora is that the company has lenient credit requirements. It’s a perfect match for people with a bad credit score since Jora does not even make a hard inquiry with credit reporting agencies.

How Does Jora Credit Compare to Other Lenders?

Jora Credit Logo
Jora Credit
APR Range

170% – 349%

Min. Credit Score


LoansUnder36 Logo
APR Range

5.99% - 35.99%

Min. Credit Score


AmOne Logo
APR Range

3.99% to 35.99%

Min. Credit Score


Jora Credit Financing Options

Individuals with emergency cash needs can qualify for two types of Jora loans – installment loans with no collateral and lines of credit. The first option is better for those who need money for a single purpose like home repairs or repaying medical bills. The line of credit is for borrowers who want everyday access to smaller portions of the total loan amount to cover – and regularly repay – routine everyday expenses.

Jora specializes in small loans. Clients who use the service for the first time can apply for a loan that ranges from $500 to $2,600. Jora Credit reviews your application, noting the state you live in, and writes a loan document that is consistent with the state’s borrowing limits, term, and interest rates. If you apply for a loan in one state and then move, you will still be subject to the initial terms.

Jora Credit charges high interest rates on small borrowing amounts. The APR is calculated based on bi-weekly or monthly payments, and it can range from 170% to 349%. Compared to other lenders, these loans are very expensive. Moreover, they come with short repayment schedules like payday loans. But unlike many payday loans, Jora installment loans don’t have hidden costs.

To qualify for Jora funds, you must fulfill the following criteria:

  • You must be 18 years old or older.
  • You must be a US citizen.
  • You must be a resident of the state you are applying from.
  • You must demonstrate that you have a steady income.
  • You must have a bank account.
  • You must have an email address.

The company does not ask about your FICO score, which is good for borrowers who have had credit troubles. However, if you are not sure you will be able to pay off the debt without compromising your finances, you would be better off choosing a lender with more affordable loans.

Jora Credit Application Process

As long as you meet Jora Credit requirements, you can start the application process at the Jora website. You can also apply for a loan over the telephone if you prefer.

The application process is straightforward and fast, just create an account and provide a few pieces of personal information.

After you complete the application, the lender will review your application and check to see if you are eligible for a loan. Jora Credit customer support will check your information thoroughly and based on it, your application will be accepted or rejected.

The process is fast and straightforward, and you can expect to receive an email with the loan offer within a few seconds. A representative may contact you for additional information.

Jora reviews your application very quickly, and as soon as your loan is approved and verified, the representative will send you the loan agreement to sign. If you sign the agreement before 10:30 a.m Central Time, the money should appear in your account the same day.

If you prefer, you can request that Jora send you a paper check by mail, but of course this is a much slower option. You’ll need to wait at least 7 days before you get the funds.

Once the money is in your account, you can spend it as you wish.

What Information Do I Need to Apply?

To complete Jora credit application, you’ll need to provide the following information:

  • Personal information (name, address, email address, etc.)
  • Social Security number
  • Details about your income
  • Driver’s license numbe
  • Employment details
  • Debt history
  • Bank account details

You don’t have to be employed to apply for a loan with Jora. If you receive regular income from salary, rental properties, alimony, child support, Social Security, or any other source, you are good to go. Get ready to sign for one of the best loans for bad credit.

As the last step in the application process, Jora might check your credit score. A soft inquiry will not affect your score, but it can change details of your loan.

In-Depth Description of Jora Credit Features

Jora helps borrowers with low credit scores borrow funds instantly – and without collateral – to cover debts, pay taxes, or repay medical bills. Keep in mind that Jora Credit interest rates are expensive, so it is best to use borrowed funds only for emergencies.

Jora loans come with a short repayment period too, calculated based on state of residency, payment frequency, and loan amount. It can be as short as four months or as long as 30 months. Either way, payments are fixed and automatically charged once or twice a month.

Despite its high rates, Jora provides real services to borrowers with bad credit. You can even improve your credit and financial situation with Jora. The lender provides tools to help you understand your financial situation better and find a way to improve it.

One of the biggest benefits here comes in the form of Jora Credit's Allay program. Allay is a unique career planner and job platform that can help you find additional income sources and learn how to take control of your finances.

Jora is also praised for its fast application process. You can complete the application in a few minutes and get your funds within 24 hours.

Jora maintains the highest security standards. Personal information is protected with end-to-end encryption, which means that no one can see your name, address, or credit card number except the lender. Jora Credit login details are also protected with an advanced antivirus system. As the extra layer of security, the website logs you out automatically if you’re not active for a few minutes.

Loan Amount and APR Details

Loan amounts, APRs, and repayment terms differ from state to state. You can check all of these details on the company’s website. Just click on the “What it costs” link at the top of the homepage. Scroll down to the loan calculator and specify your state. will show you the minimum and maximum borrowing amount with repayment details:

  • Alabama: $2,100-$3,000
  • Delaware: $500-$3,000
  • Idaho: $500-$3,000
  • Kansas (line of credit only): $800-$2,000
  • Mississippi: $600-$2,400
  • Missouri: $500-$3,000
  • New Mexico: $500-$3,000
  • North Dakota: $1,250-$3,000
  • South Carolina: $1,250-$3,000
  • Tennessee (line of credit only): $800-$2,000
  • Utah: $500-$3,000
  • Wisconsin: $700-$3,000

Jora loan annual percentage rates also differ from state to state. For example, if you are in North Dakota, you can expect an APR of 328% for a $1,250 loan. You’ll make bi-weekly payments of $159 and repay a total of $5,105 for your $1,250 loan.

Eligible and Ineligible clients

Jora is not available in all states, and Jora Credit reviews suggest that this is one of the lender’s biggest imperfections. The lender recently stopped making loans to California residents.

In some states, there is a minimal amount you need to earn each month to apply for a loan. In most cases, it ranges from $1,500 to $3,600 per month.

Jora Credit Repayment Terms

Reviews about Jora Credit on Reddit show that most clients are satisfied with the lender’s electronic debit service. It means that each month on the same date, the lender charges your payment automatically from your bank account. This feature is beneficial because you’ll never forget to pay your bill.

Jora has a strict monthly or bi-weekly repayment schedule. If you are late, the lender will probably report it to the credit bureaus, which will negatively affect your credit.

Unlike most of its competitors, Jora doesn’t charge origination or closing fees. Also, there are no prepayment penalties if you pay off the debt early.

The Bottom Line

With APRs ranging from 170% to 349%, Jora personal loans for bad credit are not the most cost-effective option on the market. Jora is not a good solution for borrowers who are already struggling with cash flow. It can cause big financial problems for borrowers who are not capable of making regular payments.


What is Jora?


Jora is an online lender that offers small personal loans and lines of credit for borrowers with bad credit. The lender’s services are among the most expensive in the industry. APRs differ from state to state but range between 170% and 349%. Before applying for a loan at Jora Credit, be sure that you can make high payments each month.

Is Jora credit legit?


Yes, Jora is legit. The Texas-based company has been in operation since 2017, offering personal loans to borrowers from Alabama, Delaware, Idaho, Mississippi, Missouri, New Mexico, North Dakota, South Carolina, Utah, and Wisconsin. Lines of credit are available for borrowers in Kansas and Tennessee.

Is Jora a payday loan?


Jora’s best personal loans are not payday loans. Although they come with extremely high rates, they differ from payday loans. You can borrow up to $3,000, depending on the state you are coming from, and the repayment period is longer than with payday loans.

Does Jora report to credit bureaus?


If you are late with a payment, Jora might report it to credit bureaus and thus decrease your credit score. According to Jora Credit reviews, the lender doesn’t make hard inquiries.