Oportun may approve you the same day you apply for a personal loan. After your application is approved and you accept the offer, it takes 1 business day to receive your funds, which Oportun will send to you by electronic bank transfer.
Key Things to Know About Oportun Loan Approval
Minimum Credit Score: Not disclosed but accept applicants with limited or no credit history
It takes 1 to 2 business days to get money from an Oportun personal loan, in most cases. That includes both the time it takes to get approved and the time it takes for the funds to be delivered after approval. Keep in mind that this is a typical applicant's experience, and in some cases it could take longer.… read full answer
How to Get Money From Oportun as Fast as Possible
Fill out the application carefully. You should make sure that all information you enter on the application is correct and complete. That will eliminate any potential delays from Oportun having to request additional information.
Check your credit report for errors. Before you apply, you should verify that everything on your credit report is accurate, as any incorrect negatives on there could impact your chances of approval. If you find any errors, you should dispute them right away to get them removed.
Apply online. Online applications have the fastest processing times since they are automated and streamlined.
Get an electronic funds transfer. Oportun offers loan payouts through an electronic funds transfer to your bank account or by paper check. The transfer is the faster option.
Once you get approved for an Oportun personal loan, the money will be delivered through an electronic funds transfer to your bank account.
Yes, Oportun will verify your income when you apply for a personal loan. If you do not have any income, you can apply for an Oportun personal loan with a co-signer, and Oportun will verify that person's income instead.
Oportun may verify income by requesting financial information like pay stubs, bank statements, or W-2 forms. In other cases, they'll just use credit report information. Either way, you will also have to meet other Oportun requirements to be considered for loan approval.… read full answer
Oportun Personal Loan Requirements
Be at least 18 years old
Be a US citizen or permanent resident
Have a Social Security number or ITIN
Must live in one of these states: AZ, CA, FL, ID, IL, MO, NJ, NM, NV, TX, UT, WI
You have a good chance of getting approved for a loan from Oportun if you meet all of these requirements.
If you want a better idea of what other personal loans you may qualify for with your income, you can use WalletHub's free pre-qualification tool.
You can get Oportun personal loan prequalification through the Oportun website. Oportun prequalification allows you to see your odds of approval for a personal loan from Oportun, as well as your potential interest rate, and the process will have no impact on your credit score.
Click on the "Go" button after filling in your ZIP code.
Enter whether you received an email offer, your name, email address, date of birth, phone number and more.
Once you receive your Oportun prequalification status, you can choose whether or not to actually submit an application. Getting pre-approved does not mean you're guaranteed to be approved if you apply, but your approval odds will be very high.
If you want to consider more options first, you can try out WalletHub's free personal loan prequalification tool, which checks for prequalification with multiple personal loan providers at the same time.
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