Last Updated: 04/18/2025
SuperMoney User Recommendation Score +38
Mostly recommended392 total votes
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Highlights
Community Rating
Mostly recommended
APR (Fixed APR)
19.9% - 36%(Verified 06/21/2024)
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Amount Range
$300 - $9,000
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Loan Term (Months)
9 - 49
Number of Reviews
Oportun Personal Loans Review
Oportun Personal Loans is offered by Oportun Inc., a financial services company founded in 2006 and based in Redwood, CA. Oportun are available in 12 states.
Key Takeaways
- APRs starting at 19.9%. Personal loan interest rates typically range between 9% and 36%. The starting rates for Oportun Personal Loans are on the higher end of the spectrum.
- Same day funding available. In some cases you may be able to access your money the same day you apply.
- Prequalified rate. You can check your prequalified rate at Oportun Inc. with a soft pull that will not affect your FICO or VantageScore.
- Origination fees of $0 to $300.
- Short loan terms. Oportun Personal Loans have loan terms as short as 9 months.
Oportun Pros & Cons
| Pros | Cons |
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Oportun FAQ
What interest rates and personal loan terms does Oportun offer?
Oportun has higher than average interest rates for lenders reviewed on SuperMoney.
What interest rates does Oportun offer?
Oportun offers a fixed APR personal loan product that ranges from 19.9% APR up to 36% APR.
How much can you borrow via Oportun?
Personal loan amounts start at $300 and go up to $9,000
What is the maximum loan term you can get with Oportun?
Oportun offers loans with terms of up to 49 months.
| Personal Loan Amount | $300 - $9000 |
| Loan Term | 9 - 49 months |
| APR | 19.9% - 36% |
What fees does Oportun charge?
Does Oportun charge an origination fee?
Oportun may charge a personal loan origination fee of $0 to $300
Does Oportun charge a late fee?
Oportun does not disclose whether it charges late payment fees.
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 personal loan off early.
| Origination Fee | No |
| Prepayment Fee | No |
| Late Payment Fee | No |
What do you need to qualify for Oportun Personal Loans?
When it comes to credit scores, Oportun Personal Loans doesn't have a set minimum or maximum. People with all types of credit scores can apply. The minimum age to be eligible is 18 or the state minimum, whichever is higher.
Oportun Personal Loans does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Oportun Personal Loans. Not all companies will work with visa holders. Oportun Inc. does offer its services to temporary resident visa holders such as F1 or H1B holders. An uncommon feature is for lenders to offer their services to non-residents. Oportun Inc. is one of the few that does. If you are a non-resident looking to access these services through an entity incorporated in the U.S., you are in luck. Oportun Personal Loans will consider you for their services.
To qualify, applicants may need to provide the following documentation:
- Recent pay stubs
- Proof of income
- Bank account information
- Proof of citizenship or residence permit
| Minimum Age | 18 |
| Bank Account Required? | No |
| Credit Score | 300 - 850 |
What is the estimated funding time for a personal loan via Oportun?
Oportun will typically fund loans within 0 to 1 business days of approval and clearing necessary verifications.
Does Oportun Personal Loans report your account activity to credit bureaus?
Yes, Oportun Personal Loans reports to the following credit bureaus:
- Experian
- TransUnion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.
Does Oportun Inc. perform a hard credit pull?
As is the case with most providers, a hard credit pull will likely occur if you accept an offer after checking your rates. Oportun allows you to check your rates with a soft credit pull.
Are Oportun Personal Loans legit?
Oportun Inc. was founded in 2006, it is a well-established company that has been in business for 20 years. Based on their "mostly recommended" SuperMoney community rating, they seem to be a reputable company.
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