The truth about personal loans.

A personal loan is an agreement between a borrower and a loan provider. A borrower receives an amount of money (called the principal) for their use now and they agree to repay that money plus interest at a later date or in installments.

 

Most personal loans are not secured by collateral like a car or a paycheck. A personal loan may be borrowed from a bank, a family member or an online lender.

 

Personal Loans are widely available in a variety of types from many different kinds of lenders. Some lenders specialize in bad credit loans or no credit check loans, others offer specific types of loans for certain purchases, which may be secured by collateral, like auto loans and home mortgages.

 

OppLoans is here to help if you find yourself considering: 

  • Bad Credit Loans
    Taking out a bad credit loan is a major decision. Make sure you’re selecting a financial partner who wants to help you succeed today and in the future.
  • No Credit Check Loans
    Here’s everything you need to know about these potentially useful borrowing options.
  • Installment Loans
    Installment loans are typically the safest and most responsible way to borrow money.
  • Debt Consolidation Loans
    A debt consolidation loan may be able to improve your financial situation.
Build Credit History. Better Service. Fast Funding.

Ask the Experts:

“Don’t sign a loan without knowing how much money you will owe in each period. For example, it’s easy to get excited about instant credit at a department store, but make sure you know what your minimum payment will be before you sign on the dotted line.” 

Ann Logue is a lecturer in finance at the University of Illinois at Chicago and a writer specializing in business and finance. She is the author of four books on investing in Wiley’s . . . For Dummies series and has written for Barron’s, Entrepreneur, and Newsweek Japan, among other publications. 

“Overdraft fees, late fees and interest on credit card balances, and payday loans will cost you money that you don’t have to begin with!!! And you have nothing to show for it in the end! I call these ‘avoidable’ expenses.”

Beth Tallman, MBA, is a Visiting Instructor of Finance at Oberlin College.

 

Smarter borrowing.

See how OppLoans offers a responsible alternative to predatory lending!

Fast Funding

Fast Funding

Once approved, you could get your cash as soon as the next business day!
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Lower Interest

Lower Interest

Longer terms, higher loan amounts, and lower APRs than payday lenders.
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More Personal

More Personal

OppLoans' highly trained Loan Advocates deliver amazing human customer service!
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Quick Approval

Quick Approval

You could get approved in minutes!
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Build Credit History†

Build Credit History†

Reporting to all three credit bureaus to help build your credit history!†
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Hassle Free

Hassle Free

An easy online application and 5-star customer service to deliver the money you need now!
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You deserve a better personal loan.

With lower rates and more personal service, OppLoans is your home for more affordable borrowing.

OppLoansPayday Loans
99-199% APR!400% APRs.
Terms up to 36 months!2 week terms.
No prepayment fees!Costly penalties.
No hidden fees!Deceptive billing.
Improve your credit history!†Designed to keep you in debt.

OppLoans vs. predatory lenders.

There are other types of loans that are typically considered predatory. A predatory loan is a loan product designed to trap you in a cycle of expensive debt

  • Payday Loans
    Payday loans are dangerous, unsecured, small-dollar loans designed to trap borrowers in debt.
  • Title Loans
    Roughly one out of every five title loan borrowers lose their cars (data from ConsumerFinance.gov).
  • Cash Advances
    Types of cash advances can vary, but this is often just another name for risky payday loans (data from PaydayLoanInfo.org)

From offering higher loan amounts to better service, applying through OppLoans is the right choice.

OppLoans Payday Loans Title Loans
Loan amount $500 - $4,000 $350 $959
APR 99 - 199% 339%+ 291%
Term Up to 36 months 14 days 1 month
Ability to build credit history†
No collateral needed
Risk losing your car

Become one of our 100,000+ happy customers!

OppLoans customers rate us 4.9/5 stars on Google! (As of Oct. 18, 2019)

 

Testimonials reflect the individual's opinion and may not be illustrative of all individual experiences with OppLoans.