What credit score do I need to apply for a loan?
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.
Can I apply for and obtain more than one loan at once?
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.
Why was my application denied?
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.
Can I change the loan amount in my application?
If you completed the bank verification process and would like to talk about changing your loan amount, please Contact Us and our Advocates will assist you.
Do you allow cosigners and where does the cosigner sign on the application?
You cannot cosign on behalf of another applicant, nor can someone cosign on your behalf. You must apply on your own to qualify for a loan.
I recently paid off my loan. When can I reapply?
Once your last payment clears and your loan is paid off, you can immediately apply for a new loan. To check your balance or apply for a loan, sign into your account here.
I was recently denied for a loan. When can I reapply?
If you were denied for a loan, you can reapply after 30 days of your denial date. Sign into your account to view when you are eligible to reapply here.
How do I apply for a loan?
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.
What are the requirements and eligibility to apply for a loan?
In order to submit an application that our underwriting can review, applicants must: Reside in one of the states we operate in Be at least 18 years old (or 19 in Alabama and Nebraska) Have a regular source of income (Income can be from employment or from benefits including Social…
What is the status of my application?
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.
Is bank verification safe and secure?
Yes. 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…
I am having trouble with bank verification. What should I do?
There are multiple reasons the bank verification step may not be successful. Below are the most common errors and tips for success: Ensure you are using a stable Internet / Wifi connection. If your banking institution is not listed, you can manually upload 90 days worth of bank statements through…
Will my credit score be affected if I apply?
When you apply through the OppLoans website, OppLoans pulls your credit report in order to provide you with a loan offer. This soft inquiry will not be visible to third parties and will not impact your FICO® credit score.
What is Bank Verification and why do you need it?
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…
How do I know if I’ve been approved?
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!
Can I apply over the phone?
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 or visit Apply Now to begin the application on your computer, smartphone or tablet!
When will I receive my funds?
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 9pm* CT from Monday through Thursday, you can expect your funds the next…
Do I need to send in any documents for my application?
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 IL or NV a paystub is required Proof-of-income may include a government benefits award letter or…
How much can I borrow?
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 will my loan be funded?
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. Generally, if your loan…