OppLoans Personal Loans

in Personal Loans from Opportunity Financial, LLC

Claimed Visit Site Get Personalized Rates

OppLoans Personal Loans


in Personal Loans from Opportunity Financial, LLC

SuperMoney Net Recommendation Score +76% Recommendation score measures the loyalty between a provider and a consumer. It's at +100% if everybody recommends the provider and at -100% when no one recommends.

Strongly recommended

453 users recommend
17 users are unsure
53 users don't recommend
Cast your vote
Cast your vote

Would you recommend OppLoans Personal Loans to your friends?

Thanks for your vote!

Thanks for your vote!

You voted: May or may not recommend

Community Rating Strongly recommended
Loan Amount $500 - $5,000
APR  (Fixed APR) 59% - 199%
Loan Term 9 - 24 months
Number of Reviews 523

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 Personal Loans is offered in 37 states (and Washington, DC).

What rates and terms does OppLoans Personal Loans offer?

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

What personal loan APRs does OppLoans Personal Loans offer?

OppLoans Personal Loans offers a fixed APR personal loan product that ranges from 59% APR up to 199% 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 OppLoans Personal Loans?

Loan amounts start at $500 and go up to $5,000.

What can a personal loan from OppLoans Personal Loans be used for?

Personal loans from OppLoans Personal Loans are typically used for special purchases, home improvement projects, weddings, medical expenses & procedures, unexpected expenses or similar purposes.

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

OppLoans Personal Loans offers personal loans with terms ranging from 9 to 24 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.

OppLoans Personal Loans Rates & Terms
Loan Amount $500 - $5000
Loan Term 9 - 24 months
APR 59% - 199%

What fees does OppLoans Personal Loans charge?

Does OppLoans Personal Loans charge an origination fee?

OppLoans Personal Loans charges a loan origination fee of 0% to 3% of the loan amount. OppLoans Personal Loans deducts the fee directly from your loan amount before depositing your money, so make sure you take this fee into account when deciding how much you need to borrow.

Does OppLoans Personal Loans charge a late fee?

Yes, OppLoans Personal Loans may charge borrowers a late payment fee of up to $10

Does OppLoans Personal Loans charge prepayment fees?

No, OppLoans 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.

OppLoans Personal Loans Fees
Origination Fee 0% - 3%
Prepayment Fee? No
Late Payment Fee $10

What do you need to qualify for OppLoans Personal Loans?

Applicants with a credit score of at least 350 and up to 600 are eligible for OppLoans Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

To qualify for personal loans with OppLoans Personal Loans, applicants need a minimum annual income of $18,000 or higher. OppLoans Personal Loans only considers borrowers who are employed and meet the minimum income 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. APRs for the OppLoans Personal Loans product fall outside of the MLA limits and as a result the product cannot be issued to these applicants. Active duty service members and their covered dependents are considered “covered borrowers" under the Military Lending Act.

Only U.S. citizens and permanent residents can apply for a loan.

To qualify, applicants may need to provide the following documentation:

  • Applicants must have an active and valid checking account
  • Recent pay stubs
  • Proof of income
OppLoans Personal Loans Eligibility Criteria
Minimum Age 18
Bank Account Required? Yes
Application Types Accepted
  • Individual Applications
  • Credit Score 350 - 600

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

    OppLoans Personal Loans will typically approve (or deny) a loan application within 24 hours and fund personal loans within 3 business days of approval.

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

    OppLoans Personal Loans reports your account activity to the following credit reporting agencies:

    • 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 can help improve your credit score.

    OPPLOANS PERSONAL LOANS Disclosure: Rates and terms vary by state. Applications processed and approved before 7:30 p.m. ET are typically funded the next business day.
    SUPERMONEY Disclosure: 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...


    • Headquarters
    •   130 E Randolph St
      Suite 3400
      Chicago, IL 60601
    •   Visit Site

    Message from Opportunity Financial, LLC

    More affordable personal loans to help build your credit.

    About OppLoans Personal Loans


    Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
      Available in 37 states and Washington, D.C.
    • Alabama
    • Alaska
    • Arizona
    • California
    • Delaware
    • Washington, DC
    • Florida
    • Georgia
    • Hawaii
    • Idaho
    • Illinois
    • Indiana
    • Kansas
    • Kentucky
    • Louisiana
    • Maine
    • Michigan
    • Minnesota
    • Mississippi
    • Missouri
    • Montana
    • Nebraska
    • Nevada
    • New Mexico
    • North Dakota
    • Ohio
    • Oklahoma
    • Oregon
    • Rhode Island
    • South Carolina
    • South Dakota
    • Tennessee
    • Texas
    • Utah
    • Virginia
    • Washington
    • Wisconsin
    • Wyoming

    Feature Breakdown

    No Prepayment Fee  
    Late Fee Amount $10
    Origination Fee 0% - 3%
    Minimum Age 18
    Credit Score Range 350 - 600
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Minimum Annual Income $18,000
    Bank Account Required  
    Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Other
    • Retired
    • Self-Employed
    Military Status
    • Non-Military
    • Veterans
    Supported Income Types
    • Direct Deposit (W2, SSA, SSDI)
    Joint Loan Applications Accepted
    • Individual Applications
    Verification Documents Required
    • Proof of Income
    • Recent Pay Stubs
    Loan Amount $500 - $5K
    Loan Term 9 - 24 months
    APR (Fixed APR) 59% - 199%

    OppLoans Personal Loans Community Reviews


    Would you recommend OppLoans Personal Loans to your friends?

    Before we publish your vote:

    Please explain your vote by sharing your experience.

    Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

    Please write a review to submit your vote
    Cancel my vote
    (will require moderator approval)

    Other Personal Loans