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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 are the APRs offered via Oportun?
Oportun has a variable APR that ranges from 30% up to 39%.
Does Oportun charge an origination fee?
Yes, 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.
How much can you borrow via Oportun?
Loan amounts start at $300 and go up to $7,000.
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.
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
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:
1600 Seaport Blvd STE 250
Redwood City, CA 94063 USA
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Message from Oportun
- New Mexico
- Only Individual Applications
- Active Duty Military
- Military Dependent
- U.S. Permanent Resident
- Proof of Income
- Recent Pay Stubs
- Driver License (or other photo ID)
- Proof of citizenship/residence (Green Card)