what is a 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 1ninja loans were more common prior to the 2008 financial crisis in the aftermath of the crisis the u s government issued new regulations to improve standard lending practices across the credit market which included tightening the requirements for granting loans 2 at this point ninja loans are rare if not extinct 