Is OppLoans Personal Loans the right fit for you?
Last Updated: 03/18/2026
OppLoans Personal Loans
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Last Updated: 03/18/2026
SuperMoney User Recommendation Score +56
Strongly recommended314 total votes
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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
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
| Pros | Cons |
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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.
| Personal Loan Amount | $500 - $5000 |
| Loan Term | 9 - 18 months |
| APR | 160% - 195% |
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.
| Origination Fee | 0% |
| Prepayment Fee | No |
| Late Payment Fee | $0 |
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
| Minimum Age | 18 |
| Bank Account Required? | Yes |
| Application Types Accepted |
|
| Credit Score | 400 - 620 |
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.
Message from OppLoans
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.
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
SuperMoney Net Recommendation Score
SuperMoney users strongly recommend this product, giving it a user recommendation score of +56, or 4.1 on a 5-point rating scale.
+56
-1000+100
No one recommends
Everyone recommends
OppLoans Personal Loans Community Reviews
Would you recommend OppLoans Personal Loans to your friends?
MM
Marilyn M.
Sep 11, 2025
May or may not recommend
I will never refer opploans to anyone. I kept receiving email to apply so I did. I was approved but could not move forward with the process. I then called only to be told I was denied! That’s called lying not to mention another inquiry on my credit report. I will never apply for a loan or recommend any to opploans.
Opploans Suck!
NB
Natasha B.
Apr 8, 2023
May or may not recommend
Well I got positive feedback from the workers and they were helpful and kind
Theo S.
Mar 18, 2022
May or may not recommend
While loans are considered a necessity, I will not try my luck again with it, especially with this particular loan.
I had financial issues at the time and I had no time to reach out to any sort of institutes where I could secure funds, this was mainly a quick action that I regretted despite the fact that I had not much options available.
While it was able to provide me the ...Show More
PH
Pamela H.
Aug 20, 2021
May or may not recommend
Recently I applied and received not one, but two loans with OppLoans. The first one I received was about the time COVID hit, and I experienced a reduction of my hours. They were great to assist me, and set up manageable payments for me at that time. The second time was just because let's face it, life happens. They were professional, helpful, and I received my ...Show More
RW
Rose W.
Jul 15, 2021
May or may not recommend
After one denial after another, I found a loan program that was just not willing to work with me but to be approved for an amount more than I even requested. I took the minimum thinking that I would not even qualify. I am good with whatever it takes to repair my ill credit history and I'm grateful that OppLoans took a chance on me and allowing ...Show More
NS
Nena S.
May 6, 2021
May or may not recommend
Great company and would recommend OPPLoans to family and friends.
KS
Key S.
May 3, 2021
May or may not recommend
OppLoans is providing an excellent service to its customers such as myself. OppLoans was there for me when I ran short on funds due to an overbudget home repair project. The application process is simple and their response time is amazing. Repayment plan is flexible and reasonable. I would definitely recommend their services to a friend.
U
Anonymous
Feb 25, 2021
May or may not recommend
My account with them went past due because of unforeseen circumstances related to the ongoing pandemic. That being said - I was not able to pay for months. I didn’t want it to affect my credit report, so I somehow deviced a plan to take care of the debt. I called them and spoke to Dominique and I appreciate that she still treated me with respect as a valued customer ...Show More
Justina G.
Feb 24, 2021
May or may not recommend
This is the second time I applied and qualified for an Opploan. I noticed with both times there were some items missing and steps I still needed to take but received no notification. This process could have been quicker and I would have given 5 stars if that wasn't the case. Notifications need to go out in a more efficient manner as to not hold up progress
KJ
Khaila J.
Jan 15, 2021
May or may not recommend
I would only recommend OppLoans to people who are truly In trouble and need the money right away as they will get the loan to you as fast as one business day and will offer loans from $500-$5,000 which came In handy during the 2020 year when I had to pay rent and other emergency fees. Their is a $0 prepayment &late fee offering a loan term of up to ...Show More
JA
Jacob A.
Dec 23, 2020
May or may not recommend
First off, the process from start to finish was quick and easy. Your end goal is parallel with these companies' end goal. They diligently work whether you're looking for a small or big loan. They treat you like a family member and go above and beyond to satisfy a customer.
AW
Alex W.
Dec 18, 2020
May or may not recommend
After a year of the COVID pandemic, it very much affected my living situation. During these hard times I was able to secure a loan in a day. Very cool. I am very much in debt to them, and literally too. I would apply again over and over again. I highly recommend this machine of sorts. Thanks.
CT
Cliff T.
Dec 16, 2020
May or may not recommend
I would recommend OppLoans simply because they allow lower income salaries to receive a loan. The APR is outrageous but the comfort of knowing emergency funds can be delivered in a minimum time of 1 day, is very much needed to some people during these times. They may be the only service to help you if your credit is not perfect.
RZ
Roland Z G.
Dec 1, 2020
May or may not recommend
i apply for a loan of 2600. for dental work that i needed, and on 09/24/2020 i signed on line for 17th payments of $ 253.97, i have a copy of the contract signed 9/24/2020 16.19 CST, i just got another contract for $ 524.98 i which i didn't signed in which i knew that could not paid that amount for this will put me in a Deft relief ...Show More
AK
Abdirahin K.
Dec 1, 2020
May or may not recommend
OppLoans offers a less expensive alternative to borrowers who may otherwise find themselves taking out payday loans.
While they may be less expensive, however, the loans' high rates and the potential that you'd have to make unusually frequent payments may make them difficult to repay.
So, this is a low firm that gives you what you an repay based on what your capacity is.
I would highly recommend this anytime.
KD
Kelish D.
Nov 1, 2020
May or may not recommend
As a 19-year-old, not many personal loan companies are ready to loan out money. Searching for a loan company that supports my age while still giving me premium value led me to stumble upon opploans. With opploans, you can lend as little as $500-$5000 dollars which is more than enough for my target expense. Very few loan companies offer short term loans, and Oppa is one of them. Great service!
AS
Agnes S.
Oct 31, 2020
May or may not recommend
Getting a loan within one business day was something I never expected could happen. However it seems that OppLoans doesn’t really care about what can happen and what cannot. I applied for a loan and got it during the span of one. Asides from speed and effectiveness, they also have very attractive interest rates. Definitely a good choice
TC
Tracy C.
Oct 30, 2020
May or may not recommend
I don't recommend opploans because they want you to pay the money back 3-24 months and $500-$5,000 isn't enough for anyone who needs to survive from. $500 will be gone the next 2 days or 3 days every thing is so exsenpsive now so it will be hard for someone to get just $500 it should be $1,000 then go up to $20,000 so if they pick between 1-20 they ...Show More
KF
Kyle F.
Oct 30, 2020
May or may not recommend
Before we moved to New York. My wife and I needed a loan and got introduced to Opploan by a friend of her, I'm glad to say we had the best experience through the entire process.
AI
Azeez I.
Oct 24, 2020
May or may not recommend
You should only use OppLoans if you are pushed to the wall and really in dire need of money. Are they quick ? Yes, one of the fastest lenders I have used. I was also able to complete the whole process online, which is a plus. The major problem I had with OppLoans is their crazy APR, who charges up to 100% on an amount less than $1,000, $600 ...Show More
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