OppLoans Personal Loans

in Personal Loans from Opportunity Financial, LLC

Claimed Apply Now 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

504 users recommend
18 users are unsure
61 users don't recommend
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Community Rating Strongly recommended
APR  (Fixed APR) 59% - 199%
Loan Amount $500 - $5,000
Loan Term (Months) 9 - 24 months
Number of Reviews 583

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.

Key Takeaways
  • Fast access to funds. In some cases you can get your money within 1 business day.
  • Prequalifed 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
OppLoans Personal Loans Pros & Cons
Pros Cons
  • $0 prepayment fee.
  • Considers applicants with fair credit.
  • Funding available within 1 business day.
  • APRs as high as 199%.
  • Charges an origination fee of up to 3% of the loan amount.
OppLoans Personal Loans FAQ

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 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 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.

OppLoans Personal Loans Fees
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
OppLoans Personal Loans Eligibility Criteria
Minimum Age 18
Bank Account Required? Yes
Application Types Accepted
  • Individual Applications
  • 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.

    OppLoans Personal Loans Disclosure: *OppLoans does not offer products in all states. Not all applications are approved. Approval and loan terms vary based on applicant qualifications and by state law. Applications processed and approved before 7:30 p.m. ET Monday-Friday are typically funded the next business day. See the OppLoans Rates & Terms for details. ** As of June 5, 2018. Ratings on third-party websites may periodically change. Please check third-party websites for up-to-date reviews and ratings. Google Rating: 4.9 out of 5 based on 3,611 reviews. *** OppLoans performs no credit checks through the three major credit bureaus Experian, Equifax, or TransUnion. Applicants’ credit scores are provided by Clarity Services, Inc., a credit reporting agency. OppLoans only charges an origination fee in California. † TX Residents: Neither OppLoans nor the third-party lender reports payment history to the major credit bureaus: TransUnion, Experian, and Equifax.
    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...
    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.


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

    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

    About OppLoans Personal Loans

    Message From Opportunity Financial, LLC

    Opploans is one of the highest-rated online lending platforms in the industry. Our dedication to serving our customers is reflected us in 4.8+ rating on Google and Facebook. 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.


      Available in 37 states
    • Alabama
    • Alaska
    • Arizona
    • California
    • Delaware
    • 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

    Late Fee Amount $0
    No Prepayment Fee  
    No Late Fees  
    Origination Fee ($) $0 - $75
    Origination Fee (%) 0% - 3%
    Checking Account Required  
    Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Retired
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Joint Loan Applications Accepted Individual Applications
    Military Status Non-Military
    Minimum Age 18
    Minimum Annual Income $18,000
    Supported Income Types Direct Deposit (W2, SSA, SSDI)
    Verification Documents Required
    • Recent Pay Stubs
    • Proof of Income
    • Proof of Identity
    • Proof of Residence
    • Government Issued Photo ID
    • Driver License (or other photo ID)
    Credit Score Range 400 - 610
    Approval Speed 24 hours
    Credit Bureau Reporting
    • Experian
    • Equifax
    • TransUnion
    Customizable Payment Dates  
    Funding Time Range 1 day
    Payment Options
    • Automatic Payments
    • Check by mail
    • Credit/Debit Card
    Pre-Approved Soft Credit Inquiry  
    Loan Amount $500 - $5,000
    APR (Fixed APR) 59% - 199%
    Loan Term 9 - 24 months

    OppLoans Personal Loans Community Reviews


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    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.

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