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Last Updated: 03/18/2026

OppLoans Personal Loans

in Personal Loans from Opportunity Financial, LLC

Last Updated: 03/18/2026

Created by:

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Fact Checked by:

fact checked by author logoAndrew Latham

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Opportunity Financial, LLC
OppLoans Personal Loans logo
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Strongly recommended314 total votes
236 users recommend
18 users are unsure
60 users don't recommend
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Compare personal loan offers from OppLoans Personal Loans and their competitors.

Compare personal loan offers from OppLoans Personal Loans and their competitors.

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Highlights

Community Rating

Strongly recommended

APR (Fixed APR)

160% - 195%(Verified 03/18/2026)
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Amount Range

$500 - $5,000
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Loan Term (Months)

9 - 18

Number of Reviews

314
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OppLoans Personal Loans Review

OppLoans Personal Loans is offered by Opportunity Financial, LLC, a direct lender founded in 2009 and based in Chicago, IL. OppLoans are available in 38 states.

Key Takeaways

  • APRs starting at 160%. Interest rates vary by state. Personal loan interest rates typically range between 9% and 36%. The starting rates for OppLoans 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 Opportunity Financial, LLC with a soft pull that will not affect your FICO or VantageScore.
  • No origination fee. OppLoans Personal Loans does not charge a loan origination fee.
  • No late fees. OppLoans Personal Loans will not charge additional fees if you miss the due date on a payment.
  • Short loan terms. OppLoans Personal Loans have loan terms as short as 9 months.

OppLoans Pros & Cons

OppLoans FAQ

What interest rates and personal loan terms does OppLoans offer?

OppLoans has higher than average interest rates for lenders reviewed on SuperMoney.

What interest rates does OppLoans offer?

OppLoans offers a fixed APR personal loan product that ranges from 160% APR up to 195% APR. Interest rates vary by state.

How much can you borrow via OppLoans?

Personal loan amounts start at $500 and go up to $5,000

What is the maximum loan term you can get with OppLoans?

OppLoans offers loans with terms of up to 18 months.

What fees does OppLoans charge?

Does OppLoans charge an origination fee?

OppLoans does not charge a personal loan origination fee.
A personal loan origination fee is what some lenders charge for processing, underwriting, and funding a personal loan. Typically origination fees range from 0.5% to 5% of the personal loan amount. Whenever possible, consider lenders that don’t charge origination fees.

Does OppLoans charge a late fee?

No, OppLoans will not charge you a late fee if you miss payments.

Does OppLoans charge prepayment fees?

No, OppLoans 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.

What do you need to qualify for OppLoans Personal Loans?

Applicants with a credit score of at least 400 and up to 620 may be eligible for OppLoans Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.
OppLoans 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 OppLoans Personal Loans.
To qualify, applicants may need to provide the following documentation:
  • Applicants must have an active and valid personal checking account
  • Recent pay stubs
  • Proof of income
  • Driver's license or other government photo ID
  • Government issued photo ID
  • Proof of identity
  • Proof of residence

What is the estimated funding time for a personal loan via OppLoans?

OppLoans will typically fund loans starting at 0 business day of approval and clearing necessary verifications.

Does OppLoans Personal Loans report your account activity to credit bureaus?

Yes, OppLoans Personal Loans reports to the following credit bureaus:
  • Equifax
  • 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 Opportunity Financial, LLC 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.
OppLoans allows you to check your rates with a soft credit pull.

Are OppLoans Personal Loans legit?

Opportunity Financial, LLC was founded in 2009, it is a well-established company that has been in business for 17 years. Based on their "strongly recommended" SuperMoney community rating, they appear to be a very reputable company.

OppLoans Personal Loans Disclosure: The advertised APR is an estimate based on currently available information, is not final, and is subject to change. If approved, your actual rate will be determined and assigned based on your creditworthiness, income, application information, and other relevant factors. Applications submitted on the OppLoans platform will be originated by one of our bank partners and serviced by OppLoans. Please see the Rates and Terms for details regarding the availability of products in your state of residence. Subject to credit approval and verification. Actual approved loan amount and terms are dependent on our bank partners’ standard underwriting guidelines and credit policies. Funds may be deposited for delivery to your bank via ACH as soon as the same business day if verification is completed and final approval occurs before 12:00 PM CT on a business day. If approval occurs after 12:00 PM CT on a business day or on a non-business day, funds may be delivered as soon as the next business day. Availability of the funds is dependent on how quickly your bank processes the transaction. OppLoans’ Bank Partners may use credit report information provided by Clarity Services and Experian as part of the application process to determine your creditworthiness. The credit inquiry will appear as a soft credit inquiry on your Experian credit report and a hard credit inquiry on your Clarity report. Therefore it will not affect your FICO credit score. Installment loan amounts typically range from $500 to $5,000. Annual percentage rate (APR) ranges from 160% to 195%. Installment loan lengths range from 9 to 18 months. Example: A $2,000 installment loan repayable in 9 monthly payments with an APR of 160% would have monthly payments of $394.58. Loan amount, APR, and repayment terms may vary by state, please see Rates and Terms for additional information. Approval is not guaranteed. If approved, your actual rate will fall within the marketed range of rates, and will be determined and assigned based on your creditworthiness, income, application information, and other relevant factors. Not all applicants will qualify for the lowest available rates. This is an expensive form of credit and you should determine whether the offered product(s) meets your financial needs. According to the Consumer Federation of America, a non-profit consumer advocacy group, payday loans range in size from $100 to $1,000, depending on state legal maximums, and carry an average annual percentage rate (APR) of 400%. The maximum APR for a loan offered through and serviced by OppLoans is 195% and loan sizes range from $500 to $5,000. https://paydayloaninfo.org/how-payday-loans-work/ OppLoans and its Bank Partners report customer payment history to the three major credit bureaus. On-time payments may improve credit score.

View OppLoans Personal Loans's published terms & conditions

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

OppLoans Personal Loans logo

Message from OppLoans

Opploans is one of the highest-rated online lending platforms in the industry. With fast funding, total transparency and unmatched customer service, OppLoans provides accessible and simple-to-understand short-term lending products for middle-income consumers who may be turned away by traditional providers.
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Message from our editor

What We Love About OppLoans Personal Loans

OppLoans offers unsecured loans rather than secured loans. This means that you don’t need a source of collateral to back the loan. This helps borrowers who don’t own any property and don’t have cash or a cash equivalent to use as collateral.
OppLoans lends to borrowers with fair to poor credit. The only other options for such borrowers are predatory loans charging high interest. There is no minimum credit score required.
OppLoans also offers excellent customer service. Their phone number is easily found on the website. When you call, you’ll get a real person on the phone rather than an automated system.

What Could OppLoans Do Better?

Though OppLoans’ interest rates are lower than many payday lenders, they are still high. These loans are a good choice for borrowers with fair to poor credit. If you have good to excellent credit, you may be better off with a different option.
OppLoans doesn’t operate in all 50 states. This is due to different interest rate requirements across the United States. These laws are in place to protect consumers, but they also severely limit the number of people who are eligible to receive a loan from OppLoans.

OppLoans Backstory

Opportunity Financial, LLC, was founded by Todd Schwartz in 2012. The company offers unsecured installment loans to customers with poor to fair credit. These loans can help pay for any kind of debt, including car repairs and unforeseen medical expenses. “Our intent is to provide non-prime borrowers a safe and reliable alternative to payday lending,” says the company’s CEO, Jared Kaplan.
"Half of Americans have non-prime credit scores, 57 percent have less than $1,000 in their savings account and nearly eight out of 10 live paycheck-to-paycheck. This is the reality in America today," explains Kaplan.

The Verdict

In the end, OppLoans offers flexible requirements and terms on unsecured personal loans that don’t require collateral. They have a fast and easy online application process and offer great customer services.
OppLoans can help you avoid higher interest rates because they offer lower rates than predatory payday loan companies. They can also teach personal finance skills and help you improve your credit score over time.

Contact

Headquarters

130 E Randolph St
Suite 3400
Chicago, IL 60601
Visit Site
Email Support

Hours of Operation

Sunday
9:00AM - 5:00PM
Monday
7:00AM - 11:30PM
Tuesday
7:00AM - 11:30PM
Wednesday
7:00AM - 11:30PM
Thursday
7:00AM - 11:30PM
Friday
7:00AM - 11:30PM
Saturday
9:00AM - 5:00PM

Other Services by Opportunity Financial, LLC