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OppLoans Reviews


bestfor-icon Good for bad credit loans from an online lender

Written by Bob Phillips

About OppLoans | Read More


LS Score







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Opening Hours Opening Hours drop-down-btn
Mon-Fri 7:00AM-11:30PM CT
Sat-Sun 9:00AM-5:00PM CT
Contact Information Contact Information drop-down-btn
  • info@opploans.com
  • (800) 990-9130
  • Headquarters: 130 E. Randolph St., Suite 3400 Chicago, IL 60601
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OppLoans Personal Loans Review

OppLoans is a company that focuses on providing personal loans to people who have a poor credit history. This means that people will be able to borrow much-needed funds despite not having the best credit score. In return, the APR that will be charged will be relatively high.

The entire application process for a personal loan is done online, making it quick and easy for people to apply for funding.

OppLoans Personal Loans Highlight


Min Credit Score


APR. Fixed Rate


Loan Amount

9-18 months

Repayment terms


Soft Credit Pull


Lender Type


Other Fees


Origination Fee


Prepayment Fee

24 hours

Funding Time

Pros & Cons

  • con-icon Quick and easy application process
  • con-icon Fixed interest rate and term
  • con-icon Commitment to customer service
  • con-icon No prepayment penalties
  • con-icon No minimum credit score
  • con-icon High interest rates
  • con-icon Relatively small loan amounts

Loan Purpose

  • Major Purchase

Loan Type

  • Unsecured Personal Loans
  • Fixed-Rate Personal Loans

Qualification Requirements

OppLoans has the following qualification criteria for personal loans:

  • Must be a U.S. citizen or permanent resident
  • Must be at least 18 years old
  • Minimum annual income of $18,000
  • Must have a valid checking account
  • Must have a steady income
  • Must be able to provide proof of income
  • Must be able to provide proof of residency
  • Must have a checking account that has been open for at least 3 months

State Availability

- Available in all states

Written by Bob Phillips linkedin-icon twitter-icon

Having spent over fifteen years helping people plan their lives financially, Bob has a vast amount of knowledge concerning personal finance. During his career, Bob mastered many different financial products to help people achieve their financial goals, including life insurance, disability insurance, mutual funds, and stocks and bonds. He earned the Chartered Life Underwriter (CLU) designation and held numerous securities licenses. Bob is an internationally published poet and is now a freelance writer living in North Texas with his wife and Doberman puppy.



Does applying affect my credit score?

OppLoans 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.

How does OppLoans compare to payday loans?

According to the Consumer Federation of America, a non-profit consumer advocacy group, payday loans range in size from $100 to $1,000, depending on state legal maximums, and carry an average annual percentage rate (APR) of 400%. The maximum APR for a loan offered through and serviced by OppLoans is 160%, and loan sizes range from $500 to $4,000.

What fees are associated with an OppLoans loan?

There is no obligation or fee to apply for a loan with OppLoans.

Customer Support

OppLoans has an excellent reputation for customer support. It is accredited by the Better Business Bureau (BBB) and has an A+ rating. In addition, the company has an excellent BBB score of 4.54 out of 5 stars based on almost 1000 customer reviews.

OppLoans’ phone support is very prompt and professional. When we called, we were connected with a customer support representative in under a minute.

Privacy & Security

OppLoans has a complete privacy and security statement on its website
OppLoans uses security measures that comply with federal law, including computer safeguards and secure files.

In Conclusion

OppLoans is a customer service-oriented company specializing in lending money to people with poor credit. The interest rates it charges are among the highest we’ve seen for any personal loan company. Consumers with poor credit may want to also check with other personal loan companies offering loans to credit-challenged borrowers and compare interest rates and terms.

Brand Disclaimer

Disclaimer by OppLoans: Installment loan amounts typically range from $500 to $4,000. APR ranges from 59% to 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. Rates and terms vary by state. This is an expensive form of credit, and you should determine whether our product(s) meets your financial needs.