NINJA loan

Acronym for No Income No Job or Assets. Loans made without any supporting documentation for income, employment or assets. Also see NINA loan, No docs.

References in periodicals archive ?

Ninja Loans are for non-Japanese companies primarily consisting of investors in Japan.

Commercial Bank signs GCC's first $166mn 3-year Ninja loan facility

The loan was executed as a Ninja Loan, in which several Japanese financial institutions provide financing for an overseas borrower, and the arrangement was the largest Ninja Loan to date in terms of both volume and the number of participating banks.

Volvo Group signs SEK6.2bn Ninja Loan with Japanese financial institutions

"I don't have a single loan in trouble." Commercial lenders, who sat out the lending frenzy of NINJA loans as Walker did, still have money for projects like apartments, office buildings, retail and industrial, as long as the projects deliver cash flow that will service the debt.

Don't bank on it; NINJA days are numbered for Commercial borrowers

The most extreme examples of this were the NINJA loans - to people with No Income, No Job or Assets - in the United States.

An end to easy cash will bring sanity to property market; CREDIT CRUNCH: THE NOOSE TIGHTENS

But we are all paying a price for these so-called Ninja loans - to people with No Income, No Job or Assets.

GREED IS BAD; WORLD MONEY MARKETS IN CRISIS

With so many Ninja loans turning sour, US house prices have taken a tumble leaving lenders unable to get their money back.

Your MONEY: ROYAL pardon; RBS relief as it loses only pounds 1bn

Richard has fallen foul of the turmoil in the mortgage market which started with NINJA loans - to people with No Income, No Job or Assets - in the US.

YOUR money: Squeezed OUT; Debt crisis threatens new mortgage misery

Bosses wrote off pounds 1.6bn of NINJA loans - mortgages for people with No Income, No Job or Assets - and pounds 400m of bad business, mainly in New York.