OppLoans Personal Loans
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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 +55  


This product is strongly recommended by SuperMoney users with a score of +55, equating to 4.1 on a 5 point rating scale.


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

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Community Rating Strongly recommended
APR  (Fixed APR) 160%
(Verified 12/09/2023)
Loan Amount $500 - $4,000
Loan Term (Months) 9 - 18 months
Number of Reviews 318

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 are available in 32 states across the USA.

Key Takeaways

  • APRs starting at 160%. 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. If approved, you can sometimes get your money within 1 business day*.
  • Strongly recommended. 237 out of 318 SuperMoney community members recommended OppLoans Personal Loans.
  • Prequalified rate. You can check your prequalified rate at Opportunity Financial, LLC with a soft pull that will not affect your credit score.
  • No origination fee. OppLoans Personal Loans does not charge a loan origination fee.
  • 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 have loan terms as short as 9 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 Pros & Cons

Pros Cons
  • $0 prepayment fee.
  • Loan options with $0 origination fee.
  • Considers applicants with fair credit.
  • Funding available within 1 business day.
  • APRs as high as 160%.

OppLoans FAQ

What interest rates and personal loan terms does OppLoans offer?

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

What interest rates does OppLoans offer?

OppLoans offers a fixed APR personal loan product of 160%.

How much can you borrow via OppLoans?

Personal loan amounts start at $500and go up to $4,000

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

OppLoans offers loans with terms of up to 18 months.

OppLoans Interest Rates & Loan Terms
Personal Loan Amount $500 - $4000
Loan Term 9 - 18 months
APR 160%

What fees does OppLoans charge?

Does OppLoans charge an origination fee?

OppLoans does not charge a personal loan origination fee.

A personal loan origination fee is what some lenders charge for processing, underwriting, and funding a personal loan. Typically origination fees range from 0.5% to 5% of the personal loan amount. Whenever possible, go with lenders that don’t charge origination fees.

Does OppLoans charge a late fee?

Yes, OppLoans may charge borrowers a late payment fee if you miss one of the monthly payments.

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 personal loan off early.

OppLoans Fees
Origination Fee 0%
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 620 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 and permanent resident / green card holders are eligible to apply for the services offered by OppLoans Personal Loans.

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 Eligibility Criteria
Minimum Age 18
Bank Account Required? Yes
Application Types Accepted
  • Individual Applications
Credit Score 400 - 620

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 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.

Are OppLoans Personal Loans legit?

Opportunity Financial, LLC was founded in 2009, it is a well-established company with approximately 465 employees that has been in business for 14 years. Based on their "strongly recommended" SuperMoney community rating, they appear to be a very reputable company.

OppLoans Personal Loans Disclosure: 1 Subject to credit approval and verification. Actual approved loan amount and terms are dependent on standard underwriting guidelines and credit policies. Funds may be deposited for delivery to your bank via ACH as soon as the same business day if verification is completed and final approval occurs before 12:00 PM CT on a business day. If approval occurs after 12:00 PM CT on a business day or on a non-business day, funds may be delivered as soon as the next business day. Availability of the funds is dependent on how quickly your bank processes the transaction. 2Testimonials reflect the individual’s opinion and may not be illustrative of all individual experiences with OppLoans. Ratings on third-party websites may periodically change; please check the third-party websites for up-to-date reviews and ratings. Check loan reviews. 3OppLoans may use credit report information provided by Clarity Services and Experian as part of the application process to determine your creditworthiness. Neither credit inquiry will appear as a hard credit inquiry on your Experian credit report and therefore they will not affect your FICO score. 4 Installment loan amounts typically range from $500 to $4,000. Annual percentage rate (APR) is 160%. Installment loan lengths range from 9 to 18 months. Example: A $2,000 installment loan repayable in 9 monthly payments would have an APR of 160% and monthly payments of $394.58. Loan amount may vary by state, please see our Rates and Terms for additional information. This is an expensive form of credit and you should determine whether our product(s) meets your financial needs. 5OppLoans reports customer payment history to the three major credit bureaus. On-time payments may improve credit score.
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.

Message From OppLoans

Opploans is one of the highest-rated online lending platforms in the industry. 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.

Message From Our Editor

What We Love About OppLoans Personal Loans

OppLoans offers unsecured loans rather than secured loans. This means that you don’t need a source of collateral to back the loan. This helps borrowers who don’t own any property and don’t have cash or a cash equivalent to use as collateral.

OppLoans lends to borrowers with fair to poor credit. The only other options for such borrowers are predatory loans charging high interest. There is no minimum credit score required.

OppLoans also offers excellent customer service. Their phone number is easily found on the website. When you call, you’ll get a real person on the phone rather than an automated system.

What Could OppLoans Do Better?

Though OppLoans’ interest rates are lower than many payday lenders, they are still high. These loans are a good choice for borrowers with fair to poor credit. If you have good to excellent credit, you may be better off with a different option.

OppLoans doesn’t operate in all 50 states. This is due to different interest rate requirements across the United States. These laws are in place to protect consumers, but they also severely limit the number of people who are eligible to receive a loan from OppLoans.

OppLoans Backstory

Opportunity Financial, LLC, was founded by Todd Schwartz in 2012. The company offers unsecured installment loans to customers with poor to fair credit. These loans can help pay for any kind of debt, including car repairs and unforeseen medical expenses.  “Our intent is to provide non-prime borrowers a safe and reliable alternative to payday lending,” says the company’s CEO, Jared Kaplan.

"Half of Americans have non-prime credit scores, 57 percent have less than $1,000 in their savings account and nearly eight out of 10 live paycheck-to-paycheck. This is the reality in America today," explains Kaplan.

The Verdict

In the end, OppLoans offers flexible requirements and terms on unsecured personal loans that don’t require collateral. They have a fast and easy online application process and offer great customer services. 

OppLoans can help you avoid higher interest rates because they offer lower rates than predatory payday loan companies. They can also teach personal finance skills and help you improve your credit score over time.


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

Other Services by Opportunity Financial, LLC


  Available in 32 states
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • Delaware
  • Florida
  • Hawaii
  • Idaho
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Rhode Island
  • South Carolina
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Washington
  • Wisconsin
  • Wyoming

Feature Breakdown

Late Fee Amount $0
No Late Fees
No Origination Fee
No Prepayment Fee
(Verified 09/06/2023)
Origination Fee ($) $0
Origination Fee (%) 0%
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)
  • Payroll Check or Prepaid Card
Verification Documents Required
  • Driver License (or other photo ID)
  • Recent Pay Stubs
  • Proof of Income
  • Proof of Identity
  • Proof of Residence
  • Government Issued Photo ID
Credit Score Range 400 - 620
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-Qualified Soft Credit Inquiry
APR Type Fixed APR
Loan Amount $500 - $4,000
APR (Fixed APR) 160%
(Verified 12/09/2023)
Loan Term 9 - 18 months

OppLoans Personal Loans Community Reviews


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This product is strongly recommended by SuperMoney users with a score of +55, equating to 4.1 on a 5 point rating scale.


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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