Testimonials reflect the individual's opinion and may not be illustrative of all individual experiences with OppLoans.
Online Loans for Life’s Unexpected Expenses
Everyday consumers have access to financial support from OppLoans when they need it most. We offer small-dollar, online loans that are repaid in affordable installments.
- A simple and straightforward process: When it comes to your finances, we don't believe in surprises.
- Establish credit history through repayments: We’re interested in making an impact on your financial future. That’s why we report loan repayments to all three major credit bureaus.
- Loan support at every step: With top-rated customer support, we’re by your side at every part of the process. Our Loan Advocates are here for you. We succeed when you do.
- Develop your financial skills: Learn how to make better financial decisions with essential educational resources. You’ll feel empowered to take control of your financial situation.
We’re in this together
Our goal is to help our customers champion their finances. Partner with us on your financial journey. This isn’t just a loan. This is an opportunity for a better financial future.
Apply for an Online Loan Through OppLoans
We help people find a solution for their individual financial needs.
Easy to Apply
A simplified application process. Apply online from start to finish.
If approved, receive money in your account as soon as the next business day!1
Loans that fit your financial needs
We offer loans from $500 to $4,000.4
No Hidden Fees
We’re committed to transparency. No origination fees. No prepayment penalties. You’ll know what to expect.
What is an online personal loan?
Online personal loans are unsecured installment loans offered by online lenders and some traditional banks. Broadly, online credit products may take the form of a line of credit, a cash advance, or other loan options.
Online personal loan offers should clearly disclose the loan's APR (annual percentage rate), the term, and any fees such as finance charges.
How are OppLoans online personal loans different?
We truly care about our customers and work hard to be flexible for each of our customer's unique situations. We want to make sure borrowers get the best loan for them, whether it's with OppLoans or a different online lender.
Unlike some financial institutions (and quite unlike payday loans5), OppLoans charges no origination fees or prepayment penalties. Our loans charge simple, fixed rate interest and contain no hidden fees.
OppLoans doesn't base funding decisions exclusively on FICO credit scores or credit history.
We also report payments to all three major credit bureaus to help borrowers build their credit history.6
And if you opt into our "Turn Up Program", we'll proactively see if your loan application would qualify you for a loan at a cheaper interest rate with one of our lending partners.
What are the eligibility requirements to apply for an online personal loan?
The first step in applying for a loan through OppLoans is to fill out our online loan application. To be eligible for a lending product through OppLoans, potential borrowers must:
- Be 18 years or older
- Have a bank account (checking account or saving account)
- Reside in one of the states in which we currently operate
- Have a regular source of income (Income can be from employment or from benefits including Social Security, Disability, etc. Please note: alimony, child support, or separate maintenance income is optional to include)
- Receive income through direct deposit
What can you use an online personal loan for?
Online personal loans can be used for a wide variety of purposes. Maybe you're looking for a loan to help consolidate debt from multiple credit cards, or maybe you need to fund an expensive home improvement or car repair. Also, if you're looking to turn bad credit into good credit, the right online personal loan may help you do that.
OppLoans customers have used their loan amounts for:
Whatever your reason for searching online lenders (and whether you have excellent credit, bad credit, or you land somewhere in the middle), there are terms and conditions of the loan that you'll want to understand. Borrowers should always be clear on the interest rate, repayment terms, and whether or not the lender will run a hard or soft credit check.
How much can I apply for?
Consumer products offered through the OppLoans website range from $500 to $4,000, but your eligibility will depend on your state of residence, your income and ability to repay, and your creditworthiness. For more information about the product options and lender(s) in your state, please visit our Rates and Terms page.
How does repayment of a personal loan work?
OppLoans believes in matching borrowers with the best possible loan for them. If we're able to provide you with an online personal loan product, we want to make sure your repayment options are both clear and affordable across the life of the loan term.
OppLoans offers multiple recurring payment options including ACH and paper check options. For single payments, debit cards are also accepted.
For more details, see our FAQ: How Can I Repay My Online Personal Loan?
Who We Serve
Credit remains out of reach for everyday consumers. Learn how OppLoans provides the tools so people can take control of their finances.
60 million U.S. adults
lack access to traditional credit*
64% of U.S. consumers
live paycheck to paycheck*
44% of U.S. adults have savings
to cover a $1,000 unplanned expense*