in Personal Loans from OppLoans

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in Personal Loans from OppLoans

SuperMoney Net Recommendation Score +74% 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

390 users recommend
17 users are unsure
51 users don't recommend
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Community Rating Strongly recommended
Loan Amount $500 - $5,000
APR (Fixed APR) 59% - 199%
Loan Term (Months) 9 - 24
Number of Reviews 458


Where does OppLoans do business?

OppLoans is a direct lender based in Chicago, IL. Founded in 2009, OppLoans offers access to personal loans in 37 states (and Washington, DC).

What rates and terms does OppLoans offer?

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

What personal loan APRs does OppLoans offer?

OppLoans 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?

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

What can a personal loan from OppLoans be used for?

Personal loans from OppLoans 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?

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

What fees does OppLoans charge?

Does OppLoans charge an origination fee?

OppLoans charges a loan origination fee of 0% to 3% of the loan amount. OppLoans 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 charge a late fee?

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

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 loan off early.

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

What do you need to qualify for a loan with OppLoans?

Applicants with a credit score of at least 350 can apply for a loan via OppLoans . The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.

To qualify for a OppLoans loan, applicants need a minimum annual income of $18,000 or higher. OppLoans only considers borrowers who are employed and meet the minimum income requirement.

Active duty servicemembers and their covered dependents cannot apply for a loan via OppLoans. The Military Lending Act prohibits lenders from charging servicemembers more than a 36% APR.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 Eligibility Criteria
    Minimum Age 18
    Bank Account Required? Yes
    Joint Applications Accepted? Yes
    Credit Score 350 - 600

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

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

    Does OppLoans report loan payments to credit bureaus?

    OppLoans may report credit data to the following credit reporting agencies:

    • Equifax
    • Experian
    • Transunion
    OPPLOANS 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 USA
    •   Visit Site

    Message from OppLoans

    More affordable personal loans to help build your credit.

    About OppLoans


    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 (Months) 9 - 24
    APR (Fixed APR) 59% - 199%



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