You will know if OppLoans approved you for a personal loan because you will receive an application decision via email. OppLoans may approve you as soon as the same day you apply, or within 1 business day, and you can check your loan status online in the meantime.
If you get approved, you should receive the funds 1 - 2 business days. Just keep in mind that approval for a OppLoans loan is never guaranteed.
Yes, OppLoans is a legitimate lender that offers personal loans for people with bad credit or better in 37 states plus Washington, DC. OppLoans is registered to do business in the states it services, which is a legal requirement to be a legitimate lender. Another reason why OppLoans personal loans are legit is that the lender has a Better Business Bureau rating of A+. The company is also accredited with the Bureau.… read full answer
Still, you should note that OppLoans personal loans aren%t "legit" if you use that word as a synonym for "good." OppLoans personal loans are very expensive, charging an APR of 59% - 160%.
You can get OppLoans personal loan pre-qualification through WalletHub’s free personal loan pre-qualification tool. This will allow you to see your odds of approval for a personal loan with OppLoans, as well as your potential interest rates, and the process will have no impact on your credit score.
Enter your desired loan amount and select the reason for borrowing.
Click “Get Started.”
Select your employment status, then enter your annual income.
Select whether you rent or own your home and click “Continue.”
Create a WalletHub account if you haven’t already.
Receive your pre-qualification status.
It’s important to note that WalletHub’s personal loan pre-qualification tool doesn’t just check for pre-qualification with OppLoans. It also checks with multiple other personal loan providers at the same time, so you can see your options.
Keep in mind that if you are pre-qualified for a personal loan, you’re not guaranteed to be approved when you submit an application. Your approval odds will be very high, though.
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