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CreditNinja installment loans review

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Fast online funding up to $5K, but you won't know about rates and terms until after you apply.

CreditNinja might be a good choice if you need funding as soon as possible, but don’t have time to visit a lender in person. Get approved in the morning and you could get funds the same day — though most borrowers get funded the next business day. But its website is vague about costs and terms, which can be a sign that its rates are high. And it only works with residents of 12 states.


Max. Amount

1 business day

Turnaround time


Product NameCreditNinja Installment loan
Max. Amount$5,000
Loan TermVaries
Loan SecurityUnsecured
Turnaround Time1 business day
RequirementsChecking account at least 60 days old, regular income through direct deposit, resident of eligible state, age of majority in your state

What is a CreditNinja installment loan?

A CreditNinja installment loan is a short-term unsecured loan available in amounts up to $5,000, though minimum amounts vary by state.

StateMinimum loan amount
New Mexico$1,000
North Dakota$1,005
South Carolina$1,000

While it doesn’t disclose information about rates and terms, most short-term loans come with APRs in the triple digits.

You can apply online and have the funds transferred to your bank account as soon as the same business day if you get approved before 10 a.m. CT.

Which states does CreditNinja serve?

CreditNinja only serves residents of the following states:

  • Alabama
  • California
  • Delaware
  • Idaho
  • Mississippi
  • Missouri
  • New Mexico
  • North Dakota
  • South Carolina
  • Texas
  • Utah
  • Wisconsin

    What are the benefits of a CreditNinja installment loan?

    From its fast turnaround to its flexible repayment schedule, here are a few perks of taking out an installment loan from CreditNinja:

    • Potential same-day funding. If your application is approved before 10:30 a.m. CT on a business day, you could receive the funds the same day.
    • Option to change repayment schedule. You can adjust when your repayments are due if they don’t fit with your cash flow.
    • Positive customer reviews. As of October 2019, it has a Trustpilot rating of 4.5 out of 5 stars based on over 2,000 customer reviews.

    What to watch out for

    Consider these potential drawbacks before working with CreditNinja:

    • Requires direct deposit. Consider other options if you don’t receive your paycheck via direct deposit.
    • Limited information available. CreditNinja doesn’t display rates or terms on its website — and doesn’t makes it clear where you can get that information.
    • Not available in all states. CreditNinja is only licensed to lend in 12 states.

    Beware of lenders that don’t disclose costs

    If you have to hunt for basic information on a lender’s website, that could be a sign you’re in for a bad deal. While CreditNinja is clearly legit — you can check out its state licenses online — that doesn’t mean its loans aren’t expensive. If cost is a big concern, consider borrowing with a lender that’s more up front about pricing.

    Compare more installment loan providers

    Updated April 7th, 2020
    Name Product Filter Values Max. Loan Amount Turnaround time Requirements
    OppLoans Installment Loans
    1 business day
    Direct deposit, meet minimum income requirements, live in eligible state
    Comes with the option to change your due date so you won’t fall behind on repayments.
     Check Into Cash Installment Loans
    1 to 2 business days
    Bank account, email address, phone number, US citizen or permanent resident, ages 21+, $3,500 minimum income in California
    Borrow money with lower payments and more time to pay than a traditional payday loan.
    Fast5kLoans Short-term Loans Connection Service
    As soon as the next business day
    Regular source of income, verifiable bank account, US citizen, ages 18+
    Get connected with multiple lenders you might qualify with — even if you have bad credit.
    CashNetUSA Loan
    Varies by state
    As fast as same business day
    Regular source of income, bank account, US citizen or permanent resident, age of majority in your state
    Sign up for its discount program to get access to coupons and deals on everything from dining out to tax services.
    CashUSA Installment Loans
    As fast as same business day
    Regular source of income, bank account, US citizen or permanent resident, age of majority in your state
    Explore its online education center to get tips on budgeting, how to prioritize your bills and more.

    Compare up to 4 providers

    Is it safe to apply for a CreditNinja installment loan?

    Generally, yes. CreditNinja uses SSL encryption to protect information you submit on its site. While it shares your personal information with affiliates and nonaffiliates to market to you, you can opt out of this by calling 855-646-5201 or filling out a form on its website. It’s also one of the few installment loan providers that displays licenses from all of the states it offers loans in.

    What do borrowers say about CreditNinja?

    CreditNinja has mostly positive customer reviews as of October 2019. It earns 4.5 out of 5 stars on Trustpilot based on feedback from over 2,000 customers. While it only gets 1 out of 5 stars on the Better Business Bureau (BBB), that rating is based on one measly customer review. The BBB itself gives it an A rating based on factors like how long its been in business and transparency, though it’s not accredited with the company.

    Customers were mostly pleased with how fast and simple the application was. However, several people complained about high interest rates — some even said they didn’t go through with the loan once they realized how expensive it was.

    Am I eligible?

    You must meet the following requirements to qualify for a CreditNinja installment loan:

    • Checking account. You must have a bank account in your name that’s been open for at least 60 days.
    • Regularly deposited income. Your bank account must show that you regularly deposit a paycheck into your bank account. In all states except New Mexico, you must get paid through direct deposit.
    • Age of majority in your state. You must be at least 18 in most states, 19 in Alabama or 21 in Mississippi.
    • Resident of an eligible state. Credit Ninja loans are only available in 12 states.

    How do I apply?

    First, make sure you meet CreditNinja’s eligibility requirements. If you do, you can apply for a CreditNinja loan online by following these steps:

    1. Go to the CreditNinja website.
    2. Enter your name, email and phone number and click Apply Now.
    3. Enter information about yourself, where you live and your income. Click Continue.
    4. Follow the instructions to complete and submit your application.
    5. Review your potential rates and submit any required documents, if necessary.
    6. Review and sign your loan agreement.

    Typically, it can take one business day to get approved. Once approved, you can get your funds as soon as the same day.

    What documents do I need to apply?

    You might not have to provide any documents when you apply for a loan through CreditNinja. In some cases, CreditNinja might ask to see documents to verify the information you provided in the application. This might include recent pay stubs to verify your income or a recent utility bill to verify your address.

    I got the CreditNinja installment loan. Now what?

    Now it’s time to start repaying your loan. Your loan contract should outline when your repayments are due and how often you need to make them.

    You have several ways to make repayments, including:

    • Bank transfer
    • Debit card
    • Personal check
    • Money order
    • Cashier’s check

    If you want to change your repayment schedule or have any other questions or concerns, reach out to customer support by calling 855-646-5201.

    Bottom line

    CreditNinja installment loans might be a fast online option. But the lack of information about rates and terms — and customer complaints about the high cost — mean you might want to look elsewhere if cost is a top priority.

    You can learn more about your short-term options by reading our guide to installment loans.

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