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finder.com’s rating: 3.5 / 5.0
★★★★★
$500
Min. Amount
$2,600
Max. Amount
1 to 2 business days
Turnaround time
| Product Name | Jora Installment Loans |
|---|---|
| Min. Amount | $500 |
| Max. Amount | $2,600 |
| Loan Term | Varies |
| Loan Security | Unsecured |
| Turnaround Time | 1 to 2 business days |
| Requirements | Active checking account, regular source of income, email address |
If you don’t live in one of those states, check out our guide on loan options by state to find a provider for you.
An installment loan from Jora allows you to borrow money to cover any type of expense. Jora offers loans between $500 to $2,600, although some states have varying minimum amounts. Unlike some other installment loan lenders, Jora doesn’t require you to have a set minimum income and doesn’t limit your income to what you earn from a job. If you have retirement, disability or unemployment checks, you may still qualify for a loan.
The application process is quick, and you’ll know if you’ve been approved within minutes. Jora doesn’t charge fees for early or missed payments. Jora also offers its users a series of budget and career planning tools under its Allay program that can help you determine how you can shape your future financial situation.
As with most installment loans, Jora has high interest rates. APR ranges between 170-349%, depending on how much you borrow, what state you live in and how often you make a payment.
Jora is a high-cost credit option. Before you apply, be aware that you’ll likely see loan terms with high interest rates and large twice-monthly or monthly payments.
Yes. Jora uses a number of physical and electronic technologies to keep your information safe and protected against potential hackers. This includes website encryption, virus protection software and it automatically logs you out of your account after inactivity. It’s a good idea to take general precautions when entering personal and financial information online — such as changing your passwords regularly and not saving info on shared computers.
Jora gets mixed online reviews. Many customers cited the easy application and good customer service as reasons to go with the loan. The few negative reviewers were upset by the high interest rate, but as with these type of high-cost installment loans, you should expect a significant amount of your monthly payments to go toward interest.
You’ll need to meet the following criteria to qualify for a loan from Jora:
1. Click Visit Site on this page, enter your full name and email address to begin.
2. Create your account by selecting your state of residency and date of birth. You’ll need to create a password and agree to the privacy disclosure before moving to the next page.
3. Provide your personal information including your address, Social Security number, driver’s license number and a phone number. Enter information about your income and your finances including your bank account number and your bank’s routing number.
4. Submit your application on the fourth page. If you’re sure you’re ready to apply, agree to the terms and click Submit.
After you apply, Jora will display an approval decision. Jora will provide one of three responses: approved, denied or conditionally approved. If you’re conditionally approved, you may need to submit extra information to confirm your identity.
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After you receive your loan funds, you’ll be able to spend the cash how you want. Consider budgeting for your payments by select bi-weekly (twice a month) or monthly payments, and have the payment amount in your account on the due date. If you’ve chosen to pay by money order or check, mail these off ahead of time.
Your loan contract will have all the important details, so read it over, and don’t hesitate to contact Jora if you have any questions about your payment schedule or loan terms.
At the end of the day, an installment loan from Jora can help you out of a rough situation. Be sure to budget for the potential costs and compare your options so you can get the best terms for your needs.
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
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