BusanBeautyBloomingStarShine
Mon Dec 16 2024
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5 answers
1416
What is Ninja loan?
Ninja loan, also known as 'No Income, No Job, and No Assets' loan, is a type of high-risk loan provided to borrowers who lack stable income, employment, or significant assets. It emerged during the period of financial innovation and low-interest rates, ignoring the traditional lending criteria and basing decisions primarily on the borrower's credit score, rather than their financial capacity or repayment ability.
