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CreditNinja

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5.1

Overall Score

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LAST UPDATED: January 9th, 2024

CreditNinja is an online lender that offers personal loans especially for borrowers who don’t have great credit. Those who want to borrow from CreditNinja can fill out an online application within minutes and receive funding as quickly as the next business day.

CreditNinja started lending in 2018, and since then has originated almost 200,000 loans.

CreditNinja loan terms depend on the borrower, but generally the maximum loan amount is $5,000.

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The Good

  • Fast Application
  • Soft Credit Check
  • Professional Memberships

Fast Application

Those who apply for a loan with CreditNinja can do so within minutes, from the comfort of their home, through the company’s online form. Borrowers can even receive their funds as quickly as the next business day.

Soft Credit Check

While credit checks from many lenders negatively impact the borrower’s credit score, borrowers can apply for funds from CreditNinja without hurting their credit.

Professional Memberships

CreditNinja is a member of the Online Lenders Alliance, which requires members to adhere to a set of best practices and treat their customers fairly.

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The Bad

  • High APR
  • Limited Information

High APR

All of CreditNinja’s loans have an APR of higher than 36 percent, which prevents the company from lending to anyone covered by the Military Lending Act.

Limited Information

There are very few details on the CreditNinja website about the loans the company offers. The website is also unclear about APR ranges for its loans, the possible repayment terms, and any fees that may be involved with borrowing from CreditNinja.

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The Bottom Line

CreditNinja offers personal loans online, especially for borrowers whose credit is less than stellar. Borrowers fill out an online application within minutes and then receive a personalized offer from CreditNinja. Borrowers can receive their funding as quickly as the next business day once they sign their offer. 

The CreditNinja application doesn’t require a hard credit check, so applying won’t negatively affect borrowers’ credit. 

CreditNinja is also a member of Online Lenders Alliance, which holds its members to high standards for customer service.

Unfortunately, the CreditNinja website doesn’t offer many details about its loans, such as the APR ranges or repayment terms that are available. The CreditNinja website does specify that all of its loans have an APR of higher than 36 percent, which means anyone covered by the Military Lending Act isn’t able to borrow from the company.

Because the CreditNinja application is free, easy, and doesn’t hurt the borrower’s credit score, it couldn’t hurt to see what terms CreditNinja could offer. However, without more information, we cannot recommend CreditNinja at this time.

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Star Rating

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3.6

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21 Reviews

Review Breakdown

5 grade

57%

4 grade

0%

3 grade

10%

2 grade

10%

1 grade

24%

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Maryann Palek Cape May, NJ

It did say my loan would be deposited as of today. I filled the application out on three days ago was approved money still not my bank. Trying to call can’t get through to anyone.

3 months ago

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Bird Burriss Fort Worth, TX

They keep sending me offers through the mail even thought I opted out of prescreen offers 9 months ago. If a company will not obey the law, is that really a company with whom you want to do business?

10 months ago

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Isaiah Osseo, MN

I wanted to speak to a live person and they didn’t have that as an option the only thing they offer is live chat and the wait time was unreal

7 months ago

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Kyran Pollard Irving, TX

I look over my account history and I realize that my loan is paid off but I’m still getting charged. I am not ok with that at all

1 year ago

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Derek Barlow Broken Arrow, OK

Nothing there weren't transparent at all. Felt like I was conned into the loan

2 years ago