Oportun Personal Loans
in Personal Loans from Oportun Inc.
Would you recommend Oportun Personal Loans to your friends?
| Community Rating | Strongly not recommended |
| Loan Amount | $300 - $7,000 |
| APR | 30% - 39% |
| Loan Term | 7 - 42 months |
| Number of Reviews | 150 |
Oportun Personal Loans Review
Oportun Personal Loans is offered by Oportun Inc., a direct lender founded in 2005 and based in Redwood City, CA. Oportun Personal Loans is offered in 11 states across the USA.
What rates and terms does Oportun Personal Loans offer?
Oportun Personal Loans has higher interest rates than the average for lenders reviewed on SuperMoney.
What personal loan APRs does Oportun Personal Loans offer?
Oportun Personal Loans 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 Personal Loans?
Loan amounts start at $300 and go up to $7,000.
What can a personal loan from Oportun Personal Loans be used for?
Personal loans from Oportun Personal Loans 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 Personal Loans?
Oportun Personal Loans 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 Personal Loans charge?
Does Oportun Personal Loans charge an origination fee?
Oportun Personal Loans charges a loan origination fee.
Does Oportun Personal Loans charge a late fee?
Yes, Oportun Personal Loans may charge borrowers a late payment fee
Does Oportun Personal Loans charge prepayment fees?
No, Oportun Personal Loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.
| Origination Fee | N/A |
| Prepayment Fee? | No |
| Late Payment Fee | N/A |
What do you need to qualify for Oportun Personal Loans?
Applicants with a credit score of at least 300 and up to 700 are eligible for Oportun Personal Loans. 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.
The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Oportun Personal Loans. Their rates fall within the limits of The Military Lending Act.
To qualify, applicants may need to provide the following documentation:
- Recent pay stubs
- Proof of income
- Driver's license
- Proof of citizenship or residence permit
| Minimum Age | 18 | |
| Bank Account Required? | No | |
| Application Types Accepted |
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| Credit Score | 300 - 700 |
What is the estimated funding time for a personal loan via Oportun Personal Loans?
Oportun Personal Loans will typically approve (or deny) a loan application within 24 hours and fund personal loans within 7 business days of approval.
Does Oportun Personal Loans report your account activity to credit bureaus?
Oportun Personal Loans reports your account activity to the following credit reporting agencies:
- Experian
- Transunion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit score.
Contact
- Headquarters
-
1600 Seaport Blvd STE 250
Redwood City, CA 94063 USA - Visit Site
Message from Oportun Inc.
About Oportun Personal Loans
Availability
- Arizona
- California
- Florida
- Idaho
- Illinois
- Missouri
- Nevada
- New Mexico
- Texas
- Utah
- Wisconsin
Oportun Personal Loans Community Reviews
Would you recommend Oportun Personal Loans to your friends?
