skip to main content

Refinance FAQs

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

A loan refinance through OppLoans allows you the opportunity to apply and, if approved, receive additional funds.
You do this by applying to borrow the difference between your existing loan and what you’ve paid toward the principal on your existing loan. (Those who qualify may be eligible for a higher loan amount.)
If your application is approved, ...
Read more

Refinancing your loan with OppLoans or one of our lending partners provides additional funds. However, this means more money to pay back plus interest. Before you refinance your loan, ask yourself:

Do I need to borrow this money?
Can I afford to make the scheduled payments?
Do I have other credit options?

When you successfully refinance your loan, your credit report may look different. That’s because once you complete your refinance, you will have closed your original loan and opened a new loan with us or one of our lending partners. We report this to the credit bureaus, monthly, in a file that includes the latest information ...
Read more

You will receive a new payment schedule when you refinance your loan.

Approval is not guaranteed when you apply for a loan refinance. Neither we nor our lending partners have a minimum FICO score to qualify for a loan. Instead, the application process takes into account various factors from the alternate credit bureaus and your bank data to determine your eligibility.
If your application is denied, you will ...
Read more

Sign in to the customer portal to apply for a loan refinance. If you meet the eligibility requirements, you will see a “Refinance Now” option to apply.

In order to be eligible for a refinance, you must have paid at least 15% or $400 towards your current loan balance (whichever comes first), and you cannot be in a past due status.
Not everyone who is eligible to apply for a loan refinance will be approved when they apply. If you are eligible to ...
Read more

In most instances, your refinanced loan will have the same interest rate as your current loan.

You can receive part of the amount that you’ve paid toward the principal on your current loan. For instance, if you’ve paid $500 of the principal on your current loan, you can apply to refinance your loan to receive up to $500. In some instances, you may have the option of applying for more than ...
Read more

Yes. Once you meet the eligibility requirements on your refinanced loan, you can apply to refinance again to receive additional funds.
Before you refinance your loan, ensure that doing so makes sense for your unique financial situation. Ask yourself:

Do I need to borrow this money?
Can I afford to make the scheduled payments?
Do I have other credit ...
Read more

© 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.

1Subject to credit approval and verification. Actual approved loan amount and terms are dependent on standard underwriting guidelines and credit policies. Funds are typically deposited via ACH for delivery for next business day if verification is completed and final approval occurs before 8:00 PM CT, Monday-Friday. Availability of the funds is dependent on how quickly your bank processes the transaction.


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

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