OppLoans Personal Loans
in Personal Loans from Opportunity Financial, LLC
Claimed Visit Site Find My Best RateOppLoans Personal Loans
in Personal Loans from Opportunity Financial, LLC
Would you recommend OppLoans Personal Loans to your friends?
| Community Rating | Strongly recommended |
| Loan Amount | $500 - $5,000 |
| APR (Fixed APR) | 59% - 199% |
| Loan Term | 9 - 24 months |
| Number of Reviews | 466 |
OppLoans Personal Loans Review
OppLoans Personal Loans is a personal loan offering by Opportunity Financial, LLC, a direct lender based in Chicago, IL. Founded in 2009, Opportunity Financial, LLC offers access to personal loans 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.
| 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.
| Origination Fee | 0% - 3% |
| Prepayment Fee? | No |
| Late Payment Fee | $10 |
What do you need to qualify for a loan with OppLoans Personal Loans?
Applicants with a credit score of at least 350 can apply for a loan via OppLoans Personal Loans . The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.
To qualify for a OppLoans Personal Loans loan, 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.
Active duty servicemembers and their covered dependents cannot apply for a loan via OppLoans Personal Loans. 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
| 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 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 loan payments to credit bureaus?
OppLoans Personal Loans may report credit data to the following credit reporting agencies:
- Equifax
- Experian
- Transunion
Contact
- Headquarters
-
130 E Randolph St
Suite 3400
Chicago, IL 60601 USA - Visit Site
Message from Opportunity Financial, LLC
About OppLoans Personal Loans
Availability
- 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% |
OppLoans Personal Loans Community Reviews
Would you recommend OppLoans Personal Loans to your friends?
