Apply for an Online Loan Through OppLoans
Personal loans that meet your borrowing needs.
Every situation is different and our Loan Advocates are always ready to help you.
Apply through our easy online application process!
If approved, receive money in your account as soon as the next business day!1
Loan Amounts that can make a difference
We offer loans as high as $4,000.
We treat our customers like family. Become one of the 500k+ customers that trust OppLoans for their funding needs.
Who We Help
Americans need access to credit. Learn how OppLoans helps.
150 million Americans
lack access to traditional financial options*
More than half of Americans have
less than $1,000 in savings*
40% of Americans can’t cover
a $400 emergency*
What is an online loan?
Online loans are personal 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 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 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 loans4), 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 receive a 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 (or 19 in Alabama)
- 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 paychecks through direct deposit (Due to state regulations, New Mexico residents are exempt from this requirement)
What can you use an online loan for?
Online 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 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 does repayment work?
OppLoans believes in matching borrowers with the best possible loan for them. If we’re able to provide you with a personal installment 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, remotely created checks and paper check options. For single payments, debit cards are also accepted.
For more details, see our FAQ: How Can I Repay My Personal Loan?