OppLoans: A Better Alternative to Payday Loans Online

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Personal loans with NO hidden fees and NO collateral required!

What are Payday Loans?

Payday Loans are broadly considered small dollar (typically around $500) and short term (typically two to four week) loans that come with interest rates of almost 400%. Short-term loans, like payday loans, that carry a combination of high interest and short-terms, can be difficult to repay on time.

Should I get Payday Loans?

Many financial experts recommend staying away from payday lenders at all costs, and looking for alternatives instead.

Typical OppLoans vs Typical Payday Loans

OppLoans Payday Loans
Loan Amount $500 - $4,000 $500
APR 99 - 199% 400%
Terms Up to 24 months in some states 14 days
No Hidden Fees
No Collateral Required

Online loans that meet your borrowing needs.

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Head to our Rates & Terms page to learn more.

Common Questions:

Are online payday loans safe?

No loan is safe if you can’t repay it. Payday loans are no different. Typically payday lenders don’t consider your ability to repay the loan.

Research by PEW Trusts on internet-based payday loans finds that “lender practices often have serious detrimental effects on consumers.” Specifically, PEW finds that the typical payday loan repayment structure (the short repayment window and balloon payment) often forces consumers to rollover the loan.

How do online payday loans work?

An online payday loan is a short term, small dollar loan secured by your paycheck. The entire transaction occurs online. Like traditional payday loans, the APR will typically be high (averaging 400%) and the term will typically be short (two weeks).

Online payday loans typically require that you have a bank account and provide the lender access to it. They’ll typically deposit funds directly into your bank account and will also automatically withdraw payments from your bank account. The entire transaction occurs online and involves no (or few) intermediaries between the lender and your bank account.

What are alternatives to payday loans?

The best alternative to borrowing a payday loan is not needing to borrow at all. Building an emergency fund, budgeting wisely, getting credit counseling, and controlling your spending are all frequently recommended personal finance practices. (Here’s a helpful guide to asking to borrow money from friends or family.)

If you do need to borrow money from a bank or other financial institution, do your research and make sure you choose a product that you can afford to repay.

Is OppLoans a scam?

No! OppLoans passionate about creating accessible lending products that deliver a top-rated customer experience to the millions of Americans who are turned away by traditional providers.

OppLoans offers personal installment loans with no hard credit check. Depending on your state of residence, you could be approved for an installment loan from $500 to $4,000 with terms from 6 to 36 months. We’re highly rated on Google and carry an A+ rating from the Better Business Bureau.

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California Disclosures and Privacy Policy | California Consumers can opt-out of the sale of personal information by clicking Do Not Sell My Info.

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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.

DE residents: Opportunity Financial, LLC is licensed by the Delaware State Bank Commissioner, License No. 013016, expiring December 31, 2020.

NM Residents: This lender is licensed and regulated by the New Mexico Regulation and Licensing Department, Financial Institutions Division, P.O. Box 25101, 2550 Cerrillos Road, Santa Fe, New Mexico 87504. To report any unresolved problems or complaints, contact the division by telephone at (505) 476-4885 or visit the website http://www.rld.state.nm.us/financialinstitutions/.

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.

1 Subject 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 7:30 PM ET, Monday-Friday. Availability of the funds is dependent on how quickly your bank processes the transaction.

2 OppLoans performs no credit checks through the three major credit bureaus Experian, Equifax, or TransUnion. Applicants’ credit scores are provided by Clarity Services, Inc., a credit reporting agency.

3 Testimonials reflect the individual's opinion and may not be illustrative of all individual experiences with OppLoans. Ratings on third-party websites may periodically change; please check the third-party websites for up-to-date reviews and ratings. Check loan reviews.

4 Rates and terms vary by state. This is an expensive form of credit and you should determine whether our product(s) meets your financial needs.

5 According to the Consumer Federation America, a non-profit consumer advocacy group, payday loans range in size from $100 to $1,000, depending on state legal maximums, and carry an average annual percentage rate (APR) of 400%. The maximum APR for a loan offered through and serviced by OppLoans is 199% and loan sizes range from $500 to $5,000. https://paydayloaninfo.org/facts

† OppLoans reports customer payment history to the three major credit bureaus. On-time payments may improve credit score. Credit reporting not available for Texas customers.

USA PATRIOT ACT NOTICE: IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT

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 855-408-5000, 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 info@opploans.com.

Our Commitment to Accessibility

Opportunity Financial, LLC is committed to making our website's content accessible and user friendly to everyone. If you are having difficulty viewing or navigating the content on this website, or notice any content, feature, or functionality that you believe is not fully accessible to people with disabilities, please call our Customer Service team at (855) 408-5000 or email our team at info@opploans.com with “Disabled Access” in the subject line and provide a description of the specific feature you feel is not fully accessible or a suggestion for improvement. We take your feedback seriously and will consider it as we evaluate ways to accommodate all of our customers and our overall accessibility policies. Additionally, while we do not control such vendors, we strongly encourage vendors of third-party digital content to provide content that is accessible and user friendly.

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