More affordable personal loans
to help build your credit history.†
Applying does NOT affect your FICO® credit score!
An installment loan is an agreement between a borrower and lender. The borrower takes out a loan (say $1,000) and agrees to repay it, plus interest, in installments over time.
If this sounds like your situation, an online installment loan from OppLoans could be a solution for you. With OppLoans online personal installment loans, you might be able to get between $500 to $4,000 delivered into your bank account as soon as the next business day.
The OppLoans online application process is easy and secure! Just click “Apply Now” below or at the top of this page.
Build Credit History.†
Better Service. Fast Funding.
| Typical OppLoans Installment Loans | Typical Payday Loans | Typical Title Loans | |
|---|---|---|---|
| Loan Amount | $500 to $4,000 | $100 to $1,000 | $100+ |
| APR | 99 - 199% | 400% | 300%+ |
| Term | Up to 24 months in some states | 14 days | 15 to 30 days |
| May build credit history† | √ | X | X |
| No collateral needed | √ | X | X |
An installment loan from BBB-accredited lender with high customer ratings like OppLoans, could be a payday loan alternative for you. Always do your research and make sure you can actually afford the loan being offered.
Borrowing an installment loan and making regular on-time repayments might help
improve your credit history† if your lender reports on-time payments to one or more of the major credit bureaus.
Except for Texas residents, OppLoans reports payment history in every state we service to all three major credit bureaus—Transunion, Experian, and Equifax.†
OppLoans installment loans are not secured. You don’t need to risk your next paycheck
or your car title. Check out our financial terms glossary for more on the difference
between secured and unsecured loans.
With OppLoans, you can take out one installment loan at a time. However, at the end of
your term, you may be able to refinance your loan. If you are eligible to refinance,
you will see a “Refinance Now” option in your customer portal.