
OppLoans Personal Loans
in Personal Loans from Opportunity Financial, LLC
Claimed Apply Now Get Personalized RatesOppLoans Personal Loans
in Personal Loans from Opportunity Financial, LLC
Would you recommend OppLoans Personal Loans to your friends?
Community Rating | Strongly recommended |
APR (Fixed APR) | 59% - 160% |
Loan Amount | $500 - $4,000 |
Loan Term (Months) | 9 - 24 months |
Number of Reviews | 309 |
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 available in 37 states across the USA.
- APRs starting at 59%. Personal loan interest rates typically range between 5% and 36%. The starting rates for OppLoans Personal Loans are on the higher end of the spectrum.
- Fast access to funds. In some cases you can get your money within 1 business day.
- Prequalified rate. You can check your prequalified rate at Opportunity Financial, LLC with a soft pull that will not affect your credit score.
- Origination fees of up to 3%. This is on the low end for lenders that charge an origination fee. However, plenty of lenders don't charge an origination fee. Origination fees are deducted from the loan amount, so consider them when deciding how much you need to borrow.
- No late fees. Missing a payment can seriously damage your credit, but OppLoans Personal Loans will not charge additional fees if you miss the due date on a payment.
- Short loan terms. OppLoans Personal Loans offers loan terms as short as 9 months. Most personal loans have a minimum term of 12 to 36 months.
- Minimum income of $18,000. You will need an annual income of at least $18,000 to apply for OppLoans Personal Loans, which is below average for the lenders in our database
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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 APR rate does OppLoans Personal Loans offer?
OppLoans Personal Loans offers a fixed APR personal loan product that ranges from 59% APR up to 160% APR.
How much can you borrow via OppLoans Personal Loans?
Loan amounts start at $500 and go up to $4,000
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.
Loan Amount | $500 - $4000 |
Loan Term | 9 - 24 months |
APR | 59% - 160% |
What fees does OppLoans Personal Loans charge?
Does OppLoans Personal Loans charge an origination fee?
OppLoans Personal Loans may charge a loan origination fee of 0% to 3% of the loan amount of $0 to $75 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?
No, OppLoans Personal Loans will not charge you a late fee.
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.
Origination Fee | 0% - 3% |
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 610 may be 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.
U.S. citizens are, of course, eligible for the services offered by OppLoans Personal Loans. Permanent resident / green card holders are also eligible to apply.
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
- Government issued photo ID
- Proof of identity
- Proof of residence
Minimum Age | 18 |
Bank Account Required? | Yes |
Application Types Accepted |
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Credit Score | 400 - 610 |
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 1 business day of approval.
Does OppLoans Personal Loans report your account activity to credit bureaus?
Yes, 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 may help improve your credit.
Contact
- Headquarters
-
130 E Randolph St
Suite 3400
Chicago, IL 60601 - Visit Site
About OppLoans Personal Loans
Message From Opportunity Financial, LLC
Message From Our Editor
Availability
- Alaska
- Alabama
- Arizona
- California
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Maine
- Michigan
- Minnesota
- Missouri
- Mississippi
- Montana
- North Dakota
- Nebraska
- New Mexico
- Nevada
- Ohio
- Oklahoma
- Oregon
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Virginia
- Washington
- Wisconsin
- Wyoming
Feature Breakdown
Late Fee Amount | $0 |
No Prepayment Fee | |
No Late Fees | |
Origination Fee ($) | $0 - $75 |
Origination Fee (%) | 0% - 3% |
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Would you recommend OppLoans Personal Loans to your friends?
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