OppLoans – Personal Loan
OppLoans is a fintech offering installment loans to consumers with no or poor credit, with rates lower than payday loans but still triple-digit APR.
Applying does not obligate you to accept a loan offer.
OppLoans Personal Loan – Review 2026
OppLoans (a brand of OppFi, NYSE: OPFI) provides installment loans for bad credit to borrowers who do not qualify with banks. OppLoans is positioned as a safer alternative to payday loans, with lower APRs and credit reporting to all three bureaus.
Loan Details
Loans range from $500 to $5,000 with terms of 9 to 24 months. APRs are very high (109% to 195%) compared to bank loans, but typically less than half the APR of a payday loan. There is no prepayment penalty and on-time payments are reported to Equifax, Experian, and TransUnion.
When to Use This
Use OppLoans only as a last resort if you have been denied by every other lender. Borrow only what you can repay and aim to pay off early to minimize interest. The high APR means a 24-month loan can cost 2 to 3 times the principal.
✓ Pros
- Accepts very poor credit
- No hard credit pull
- Reports payments to credit bureaus
- Fast funding
✗ Cons
- Very high APR (109%-195%)
- Maximum loan only $5,000
- Not available in all states
Loan Example
Example: $2,000 loan for 12 months at 159% APR = monthly payment of $328.94, total payable $3,947.28.
Eligibility Requirements
- ✓ Age 18+ years
- ✓ US resident in eligible state
- ✓ Monthly income $1,500+
- ✓ Direct deposit checking account
- ✓ No active payday loans
Loan Features
- No credit history required
- Loans from $500
- Next-day funding
- Reports to all 3 bureaus
- Mobile app management
Frequently Asked Questions
Next business day after submitting your application.
The minimum amount at OppLoans is $500 USD.