skip to main content

Loan Application FAQs

Can’t find what you’re looking for? Contact us

There are multiple reasons the automated bank verification step may not be successful. Below are the most common errors and tips for success:
Read more

  • Ensure you are using a stable Internet / Wifi connection.
  • If your banking institution is not listed, you can manually upload 30 days worth of bank transactions  through the customer portal. Log into your OppLoans…

We do not currently accept applications by phone. However, our online application process is quick and easy—we promise!
Just click “Apply Now” at the top of this page to begin the application on your computer, smartphone, or tablet!

You cannot co-sign on behalf of another applicant, nor can someone co-sign on your behalf. You must apply on your own to qualify for a loan.

There are some instances where proof of income is required prior to your application being approved, including:

If you receive alimony
If you receive disability benefits
If you receive social security benefits
If you reside in NV, a paystub and ID is required

Proof of income may include a government benefits award letter, a paystub, or a recent bank statement …
Read more

We don’t have a minimum FICO or Vantage score to qualify for our loan. Instead, we look at various factors from the alternate credit bureaus and your bank data to determine your eligibility.

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 AL)
Have a bank account (checking or savings account)
Reside in one of the states in which we currently …
Read more

To start your application, click Apply Now. You cannot submit an application over the phone, in person, or via email. If you have any questions regarding the application process, please Contact Us and our Advocates will assist you.

Yes, you can apply if you are receiving fixed income, such as social security, disability, or unemployment benefits. We take into account all the same factors as other applicants when processing your loan, including meeting our minimum income requirements.

Within the application, you will see a Loan Offer page that shows you your options and allows you to adjust your loan amount, based on what you qualify for. If you completed the automated bank verification process and would like to talk about changing your loan amount, please Contact Us and our Advocates will …
Read more

If your application was denied, you will receive a Notice of Adverse Action with information regarding your denial. If you did not receive the Notice of Adverse Action, or have additional questions regarding your denial, please Contact Us and our Advocates will assist you.

You cannot apply with a co-applicant. You must apply on your own to qualify for a loan.

After your last payment clears and your loan is paid off, you may be eligible to apply for a new loan. In some instances, returning customers must pass a wait-period before reapplying. To check your balance or your eligibility to apply for a loan, sign into your account here.

You may be eligible to reapply after 24 hours; however, depending upon the reason for denial, you may have to wait 30 days to reapply. In most cases, we suggest that you wait 30 calendar days prior to reapplying, unless you withdraw your application or your application expired.
For more information about why you were denied, …
Read more

To check on the status of your application or loan, sign into your account here. If you have any additional questions about the status of your application or loan, please Contact Us and our Advocates will assist you.

We strive to have a decision within 24 hours, however, it may take a minimum of three days if there is manual review required of your submitted documentation.

Yes. Automated bank verification is a quick and secure process that provides OppLoans with a read-only snapshot of your recent banking transactions to help us verify your identity and financial information.
By logging in with your online banking credentials, OppLoans is able to process your application faster, getting you a decision as quickly as possible.
Your information …
Read more

Automated bank verification is a quick and secure process that provides OppLoans with a read-only snapshot of your recent banking transactions to help us verify your identity and financial information.
By logging in with your online banking credentials, OppLoans is able to process your application faster, getting you a decision as quickly as possible. Your information …
Read more

When you apply with OppLoans, OppLoans pulls your credit report in order to provide you with a loan offer.
This inquiry will not impact your FICO® credit score.
We use Clarity services to do a promotional credit pull that does not show up as a hard inquiry for the three major credit bureaus.

You will receive an email notification if your application has been approved, so please make sure your email is correct when you create your account!
You can also see your approval status within the customer portal.

The receipt of your funds will vary based on the time at which your application was approved. You will receive an email notification once your loan is approved.
Monday through Thursday: If your application is approved before 8:00 PM CT Monday through Thursday, you can expect your funds the next business day.
Friday before 8:00 PM CT: …
Read more

A semi-monthly pay frequency is pay dates that have specific dates of the month, such as the 15th and 30th. Semi-monthly pay frequency is 24 pay dates in a year. 
A bi-weekly pay frequency is on a consistent day of the week every two weeks, such as every two Fridays. A bi-weekly pay frequency is 26 …
Read more

Yes, you can apply if you are self-employed. See our eligibility requirements here.

We work hard to offer you a quick and convenient process. Once your application is approved, funds are typically deposited in your account as soon as the next business day. The actual time it takes the funds to appear in your account depends on your financial institution.
To see more about when you will receive your funds, …
Read more

You can withdraw your application during the application process by clicking “Cancel Your Application” at the bottom of the page (within the application). If you withdraw your application, you may reapply at any time. 
If you do not see the withdrawal option, you can give us a call.

You are only allowed to have one active loan per customer at any one time. If you pay off your loan in full or become eligible to refinance your loan, you may apply again for another loan.

© 2022 Opportunity Financial, LLC. All Rights Reserved. Use of Opportunity Financial, LLC is subject to our Terms of Use and Privacy Policy.

California Disclosures and Privacy Policy | California Consumers can opt-out of the sale of personal information by clicking Do Not Sell My Personal Information.

Applications submitted on this website may be originated by one of several lenders, including: Opportunity Financial LLC, a licensed lender in certain states; or one of our lending partners. All loans originated by our lending partners will be serviced by OppLoans.

NV Residents: The use of high-interest loans services should be used for short-term financial needs only and not as a long-term financial solution. Customers with credit difficulties should seek credit counseling before entering into any loan transaction.

USA PATRIOT ACT NOTICE: IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

If you have questions or concerns, please contact the Opportunity Financial Customer Support Team by phone at (800) 990-9130, Monday – Friday, 7 a.m. – 11:30 p.m. and Saturday and Sunday between 9 a.m. – 5:00 p.m. Central Time, or by sending an email to info@opploans.com.

California Residents, view the California Disclosures and Privacy Policy for info on what we collect about you.