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in Personal Loans from Oportun
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Where does Oportun do business?
Oportun is a direct lender based in Redwood City, CA. Founded in 2005, Oportun offers access to personal loans in 11 states across the USA.
What rates and terms does Oportun offer?Oportun has higher interest rates than the average for lenders reviewed on SuperMoney.
What personal loan APRs does Oportun offer?Oportun offers a personal loan product that ranges from 30% APR up to 39% APR.
Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.
How much can you borrow via Oportun?
Loan amounts start at $300 and go up to $7,000.
What can a personal loan from Oportun be used for?
Personal loans from Oportun are typically used for special purchases, debt consolidation, home improvement projects, weddings, unexpected expenses or similar purposes.
What is the maximum loan term you can get with Oportun?
Oportun offers personal loans with terms ranging from 7 to 42 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
|Loan Amount||$300 - $7000|
|Loan Term||7 - 42 months|
|APR||30% - 39%|
What fees does Oportun charge?
Does Oportun charge an origination fee?
Oportun charges a loan origination fee.
Does Oportun charge a late fee?
Yes, Oportun may charge borrowers a late payment fee
Does Oportun charge prepayment fees?
No, Oportun does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.
|Late Payment Fee||N/A|
What do you need to qualify for a loan with Oportun?
Applicants with a credit score of at least 300 can apply for a loan via Oportun . The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.
Active duty servicemembers and their covered dependents are eligible to apply for a loan via Oportun. Their rates fall within the limits of The Military Lending Act.
To qualify, applicants may need to provide the following documentation:
- Driver's license
- Proof of citizenship or residence permit
- Recent pay stubs
- Proof of income
|Bank Account Required?||No|
|Joint Applications Accepted?||Yes|
|Credit Score||300 - 700|
What is the estimated funding time for a personal loan via Oportun?
Oportun will typically approve (or deny) a loan application within 24 hours and fund personal loans within 7 business days of approval.
Does Oportun report loan payments to credit bureaus?
Oportun may report credit data to the following credit reporting agencies:
- New Mexico
|No Prepayment Fee|
|Credit Score Range||
300 - 700
|Immigration Status Considered||
|Joint Loan Applications Accepted||
|Verification Documents Required||
|Loan Amount||$300 - $7K|
|Loan Term (Months)||7 - 42|
|APR||30% - 39%|