Do you need a fast personal loan?
Through OppLoans you have access to more affordable5 personal loans through an easy online application process. Experience top-rated customer service3. We treat our customers like family!
How does it work?
Fill out our fast and easy online application in minutes!
Securely connect your bank account.
Review and accept your loan's repayment agreement.
Get a Decision
You will be provided a decision quickly! If approved, you may be funded as soon as the next business day!1
What are personal loans?
A personal loan is a type of installment loan with a fixed interest rate and fixed repayment terms. Personal loans through the OppLoans Platform are not secured by collateral, such as a car or your paycheck!
How do personal loans work?
Financial institutions such as banks, credit unions, and online lenders issue personal loans. A typical personal loans will have terms and conditions that will establish the time period for loan repayment, the interest rate, and the monthly payment amount.
Every lender has different qualifications it uses to determine creditworthiness. Lenders assess your credit history, credit score, and income during the application process to decide whether or not you qualify for a loan. Approval times and loan amounts vary depending on the lender.
Are personal loans bad?
Personal loans can help borrowers reach their financial goals or cover an unexpected bill. For borrowers with bad credit, personal loans can have high interest rates and origination fees. It’s best to do your homework to find the best loan options for you!
Personal loans may also help build your credit history. Depending on your lender, making consistent on-time payments can boost your credit score. Missing payments or late payments would likely hurt your credit.
Where can I get personal loans with bad credit?
It is possible to qualify for a personal loan with bad credit. Some loan companies specialize in issuing loans to borrowers with bad credit and can let you pre-qualify to check rates. Compare rates to find the best lender and loan terms for your financial needs.