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OppLoans: A Better Alternative to Payday Loans5 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%5. 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 OppLoans4 vs Typical Payday Loans

OppLoans Payday Loans5
Loan Amount $500 - $4,000 $500
APR 160% in most states 400%
Terms Up to 18 months in most states 14 days
No Hidden Fees

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 FICO 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 18 months. We’re highly rated on Google and carry an A+ rating from the Better Business Bureau3.

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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.

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.


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

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