Need Money Fast?

When you look for direct personal loans that can quickly solve your financial issues, you are very likely to come across the company called OppLoans. It offers quick, simple and legit financial help to anyone who needs it. According to numerous OppLoans reviews on Reddit, Glassdoor, and other platforms, this service is safe and has high customer ratings.

It is often called a great alternative for getting payday loans. Despite all the good feedback, you probably still wonder about the company’s requirements. It is natural to want some factual information before making any decisions. This OppLoans review will provide you with all the details you should know if you consider using this service. Otherwise, check the Avant review as an alternative.

APR 99-199%
Origination Fee 1% to 6%
Loan Amount $1,000 – $4,000
Credit Score Range Varies
Loan Term 6 to 36 months

OppLoans Products and Terms

What Is OppLoans? It’s a Chicago-based online lending company founded by Todd Schwartz. The service is aimed to provide quick financial help online for customers with credit concerns. The team strives for excellent customer experience offering personalized client service. Thanks to the thousands of satisfied clients OppLoans BBB rating is currently A+.

Opp Loans provides various kinds of personal loans including instant approval installment loans, debt consolidation loans, bad credit loans, and no credit check loans. The borrowed money is usually intended to cover such issues as medical bills, rent, or unexpected car repair.

The amount of an unsecured loan given by the company may vary from five hundred to five thousand dollars. The repayment term could last from 9 to 36 months depending on the loan terms and your state. As for the minimum credit score, it varies and may depend on the case. However, it is usually lower than the payday loan companies may require.

The OppLoans personal loan interest rates range from 99 to 199 percent. While it may seem high, it is still more affordable than the rates offered by payday lenders.

Hours of Operation. The company’s hours of operation are from 7 a.m. to 10 p.m. from Monday to Friday. On Saturday and Sunday, you may reach the service from 9 a.m. to 4 p.m. The working schedule allows the customers to get financial help on any day of the week.

Customer Service. It is possible to contact the OppLoans customer service by email address [email protected] or by phone (800) 990-9130.

Thanks to promo code or coupon the customers can save up to 70% on OppLoans services. The special offers may change on a month-to-month basis. It is better to check current promotions before completing the loan applications. The loan payout typically takes from one to two business days which allows the borrower to get the funds quickly.

In order to obtain a loan, it is necessary to complete a quick application procedure on You need to sign in and then log in to the website using your computer or smartphone. The registration form requires basic personal information. Then you need to submit an easy online application form and wait for approval. Once your application is approved, you will get an email notification and get your funds no longer than in 2 days.

Who Is OppLoans Best For?

OppLoans or Opportunity Financial LLC is a financial technology company that offers personal loans to people who may not be able to get traditional bank loans due to poor credit or a limited credit history. OppLoans provides fixed-interest installment loans with terms of repayment ranging from 6 to 36 months.

OppLoans is best suited for people with credit scores of 600 or lower who require quick access to loan funds. The company provides $500 to $5,000 same day loans online with a quick application process. OppLoans also sends credit reports to major credit bureaus, which can help borrowers improve their credit over time.

OppLoans personal loans can be used for a variety of purposes, such as emergency expenses, home repairs, and payday loan debt consolidation. The company also provides financial education resources to help borrowers improve their financial literacy and better manage their finances. Overall, OppLoans is a good option for people who need money quickly but have limited borrowing options due to bad credit.

OppLoans Requirements

The service is easy and affordable but some applicants may be pre-approved and need to wait for a little until verification is done. It is necessary to meet the following OppLoans criteria to get a loan:

  • State of residence. You need to live in one of the states where the service is available. The full list of the states is given on the company’s website.
  • Age. A borrower has to be at least 18 years old.
  • Bank account. You need to have a checking or savings account opened on your name with at least 90 days of history.
  • Income. You need to be employed for at least 3 months or have another source of income such as Social Security or Disability.
  • Direct deposit checks. A borrower has to receive his checks through direct deposit.

As you can see, the requirements are basic and the current income of the borrower is more important than credit score. Thus, the applicants with poor credit history can be eligible for receiving a loan. However, it is important to keep in mind that the terms and requirements may vary depending on the state. Monitor the loan status and don’t let interest build up in your account.

Is OppLoans Safe?

Is OppLoans legit? Considering a large number of scams among online lenders, you probably have this question in mind. According to OppLoans reviews Better Business Bureau, the service is reliable and safe, all user rights reserved. As it is a direct lender, the money will be given upfront without the need to connect with other lending partners. OppLoans has an active security certificate that ensures that your information is protected and only used for business purposes. In addition, FinWise Bank is a partner of this lender and helps with providing money for loans. Thus, the answer to “is OppLoans legitimate?” is sure “yes”.

OppLoans is a legit online lending company from the United States that can improve your financial situation quickly even if you have a poor credit score. According to OppLoans customer reviews, it has a number of advantages. You may expect fast funding, easy online application, and quick approval. In comparison to payday loans, the service has lower interest rates. However, you should be ready to meet the basic requirements and be the resident of a certain state. All in all, it is a good service if you want to apply today and receive your money tomorrow.

How to Get a Personal Loan From OppLoans

Obtaining a personal loan from OppLoans is a simple process. Here is a step-by-step guide to getting started:

  1. Go to the OppLoans website and click “Apply Now.” You’ll need to provide some basic information about yourself, such as your name, address, and social security number.
  2. Following that, you must supply details about your employment and bottom line. OppLoans will want to know your salary, where you work, and how long you’ve been there.
  3. After that, you’ll need to provide basic bank data about your financial history. This contains both your bank account and routing number.
  4. OppLoans will then do a soft credit check to see if you qualify for a loan. This won’t affect your credit score.
  5. If you’re approved for a loan, OppLoans will send you an offer with the loan quantity, interest rate, and terms of repayment. Make sure you understand the terms by reading them carefully.
  6. If you accept the loan offer, you’ll be required to provide additional documentation, including a government-issued ID and proof of income.
  7. After you’ve submitted all of the required documentation and accepted contract information, OppLoans will verify your information and deposit the funds into your bank account. In some cases, you may be able to receive the funds the same day.

Pros and Cons Of OppLoans

Here are some pros and cons to consider before applying for a loan with OppLoans:


  1. Quick access to funds. OppLoans has a simple application procedure, and borrowers can receive funds as soon as the same or the next business day.
  2. No credit check impact.OppLoans performs a soft credit check, which means it won’t affect your credit score.
  3. Flexible repayment terms.OppLoans loan offers flexible terms of repayment ranging from 6 to 36 months, giving borrowers more time to pay back borrowed sums.
  4. Financial education resources.OppLoans offers financial education resources to help borrowers manage their finances and improve their credit scores.
  5. Builds credit.OppLoans reports to major credit bureaus, so making timely payments can help borrowers build their credit scores over time. If you do everything right, you will soon be able to see a nice number on your credit report.


  1. High-interest rates.OppLoans charges higher interest rates than traditional lenders, which can make the loan more expensive in the long run.
  2. Limited loan amounts. OppLoans provides loans ranging from $500 to $5,000, which may be insufficient for larger expenses.
  3. Potentially high fees. OppLoans may charge origination fees, late fees, and insufficient funds fees, which can quickly add up and increase the loan’s cost.

Should I Get OppLoans Personal Loan? 

It’s a good idea to consider OppLoans personal loan if you have poor credit or limited credit history and need quick access to funds for an emergency expense like home improvement or other unexpected financial need. Additionally, if you’re looking to build your credit, timely monthly payments on an OppLoans personal loan can help.

It might be wiser to look into other options if you need to borrow a sizable sum of money or can’t afford the high interest rates and possible fees. It’s important to carefully evaluate your financial situation and consider all options before taking on additional debt.

In general, it’s not a good idea to take out a personal loan if you’re using it to fund a lifestyle beyond your means or to pay off high-interest debt without a solid repayment plan. If not used wisely, borrowing money can have high costs and result in a debt cycle.

Alternatives to OppLoans 

While OppLoans personal loans may be a good option for some borrowers, there are many other lenders for such loans available. Borrowers should evaluate their personal financial situation and compare rates and terms before making a decision.

Online lenders such as Upstart, Upgrade, and Avant, as well as traditional banks and credit unions, are some alternatives to consider. Each lender may have different requirements and loan terms, so do your homework to find the best fit for your needs.

Borrowers should also consider the purpose of their loan and seek out lenders who specialize in that type of loan and do not have many customer complaints. Wedding loans, pet loans, medical expense loans, and other types of loans are available. Finding a lender who specializes in your particular need can frequently result in better rates and terms.

Ultimately, borrowers should weigh all of their options and select the lender that best fits their unique financial situation and credit score requirements. It’s important to check the advertiser disclosure of any financial loan provider you’re considering to ensure you understand all fees and charges associated with the loan.

Personal Loans 

For borrowers who require money for a variety of things, including debt consolidation, home upgrades, medical costs, and more, short term personal loans are an excellent option. With flexible repayment terms, fixed interest rates, and a simple application procedure.

In addition to OppLoans, there are other lenders such as Upgrade, Upstart, Avant, and PersonalLoans that offer loans with competitive rates and terms. It’s crucial to research all possibilities and choose the lender that best fits your needs, place of residence (For example if you live in Washington D.C.), and financial circumstances.


Upgrade is an online lender with a good track record that provides minimum opt out chance private loans with set interest rates and customizable repayment durations. Their loans vary from $1,000 to $50,000, with durations ranging from 36 to 60 months. Upgrading does not impose prepayment fees and provides borrowers with free credit monitoring tools.

Upgrade’s APR ranges from 8.24% to 35.97% as of 2023, with an origination charge of up to 8% of the loan quantity. To be considered for a loan, you must have a minimum credit score of 600.

Some of the benefits of using Upgrading include competitive interest rates, flexible payback terms, and free credit monitoring tools. Borrowers can simply compare offers from multiple lenders by performing a soft credit draw, which has no influence on their credit.


An innovative online lender called Upstart provides personal loans with affordable interest rates and adaptable repayment options. These loans include durations of 36 or 60 months and have amounts ranging from $1,000 to $50,000. Upstart’s distinctive underwriting process, which assesses a borrower’s creditworthiness using machine learning algorithms, sets it apart from other lenders

Upstart’s APR starts from 7.8% to 35.99% as of 2023, and its prepayment penalties can be high. Upstart is a more accessible choice for borrowers with less-than-perfect credit because it has a minimum credit score requirement of 580 for loan acceptance.

Borrowers with a little credit history or bad credit may have a greater chance of getting a 500 loan today if they use Upstart. Also, its user-friendly and efficient online application process enables borrowers to apply and receive loans promptly.


Avant is a trustworthy online lender that provides private loans with flexible terms of repayment and quick funding when you need money for personal expenses. Avant evaluates your creditworthiness beyond your credit history and offers loan amounts ranging from $2,000 to $35,000, making it a viable option for those with a limited credit history or low credit.

Avant’s APRs start at 9.95% and go up to 35.99% in 2023, with an origination fee of up to 4.75%. They also require a minimum credit of 580.

One of the primary reasons to consider Avant for a personal loan is their flexible terms of repayment, which allow you to select a loan payment plan that best fits your financial goals and budget. Even if you live in the United Kingdom, you can still obtain a loan because Avant works in many countries.

PersonalLoans’s lending network examines applicants with all types of credit scores and offers loan amounts between $1,000 and $35,000. This makes it a feasible alternative for people with weak credit histories or poor credit.

Depending on the lender, the APRs for might range from 5.99% to 35.99%. The loan durations can range from 3 to 72 months, and the site doesn’t collect any fees for its products and services. is a fantastic choice for borrowers looking for private loans due to its simple online application procedure, credit score requirement, and capacity to introduce borrowers to a variety of lenders. Also, borrowers can select a payment schedule that fits their financial objectives and spending capacity, and the money is frequently accessible as early as the following working day.

Payday Loans

Payday loans are a wonderful alternative for people who need money immediately because they are usually approved and disbursed swiftly. Payday loans have the potential to be convenient and accessible, as they can typically be obtained with minimal paperwork and without a credit inquiry. Such loans can also be beneficial for those who do not have access to other forms of credit, such as bank cards or private loans.

Payday app, on the other hand, has high interest rates and costs, which can make them quite expensive in the long run. Borrowers may also become trapped in a debt cycle if they are unable to repay the loan in full on their next payday, resulting in further financial difficulties. The office of the attorney general provides valuable resources and information for consumers to make smart decisions about their finances and avoid scams. This can be your resource for information on creditor evaluations.

Borrow From Friends Or Family 

If you need money right now or are having trouble getting a typical loan approved, borrowing from friends or relatives may be a smart choice. This is due to the fact that loans from friends and relatives sometimes have interest-free terms and flexible payback plans. Furthermore, getting a loan from a friend or family member rather than a lender may be less uncomfortable and stressful.

Borrowing money from friends or family, however, might also carry some hazards. Relationship damage may result if you are unable to pay back the loan but this is a better outcome than taking title loans secured by a car or a house and losing them. It’s crucial to approach the loan as a legal contract and establish clear guidelines for repayment. Also, it’s crucial to be truthful about your capacity to pay back the loan and to only take out what you can actually afford.

Student Loans 

For people who desire to continue higher education but lack the financial means to do so, student loans can be a wonderful choice. Education loans frequently have lower percentage loan rates and more flexible repayment choices than other forms of borrowing.

The main benefit of loans for students is that they give people the money they need to go to college or a university and receive a degree, which can open up greater career prospects and increase future earning potential. Some education loans also permit the borrower to postpone payments while attending school and provide tax advantages.

Loans for students can result in considerable debt that might take years or even decades to repay, which is one of its biggest drawbacks. Some borrowers might also find it difficult to make their regular monthly payments, which could result in default and harm to their credit.

Credit Cards

Many people find credit cards to be a beneficial financial tool. They enable you to make purchases with your credit card and pay them off over time, which is useful if you don’t have enough cash on hand to cover a large price. Furthermore, using credit cards properly can help you improve your credit, which can lead to several benefits in the future, such as loan approval or cheaper interest rate.

Earning rewards points or cash back on purchases, having fraud protection, and the convenience of being able to make purchases online or in-person without carrying cash are some of the benefits of using a credit card. But, there are some disadvantages to consider, including the risk of amassing large amounts of debt if you do not pay off your balance in full each month, the likelihood of excessive interest rates, and the desire to splurge.

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