NINJA loan

A NINJA loan is a slang term for a loan extended to a borrower, with little or no attempt by the lender to verify the applicant’s ability to repay. It stands for “no income, no job and no assets.” Whereas most lenders require loan applicants to provide evidence of a stable stream of income or sufficient collateral, a NINJA loan ignores that verification process—Read more at Investopedia. Kagan, Julia. “NINJA Loan Definition.” 14 April 2019