How much can you borrow from OppLoans? This question is about OppFi

You can borrow $500 - $4,000 from OppLoans, depending on your income, employment status, existing debt and other factors. OppLoans personal loans also have APRs of 59% - 160%, repayment periods of 9 - 18 months and no origination fee. Key Things to Know About OppLoans Personal Loans Loan amounts: $500 - $4,000 APRs: 59% - 160% Repayment periods: 9 - 18 months Origination fee: None Credit score requirement: No minimum credit score requirement Funding timeline: 1 - 3 business days after approval Origination fee: $0 Late fee: $0 For more information, check out the full OppLoans personal loan review on WalletHub. You can also estimate your potential rates with our free pre-qualification tool.

Ad Disclosure Ad Disclosure

How much can you borrow from OppLoans?

Answer Question Report Abuse

This question is about OppFi

see this user

Grace Enfield, Content Writer

@grace_enfield • 08/12/22 This answer was first published on 08/12/22. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

Permalink Report Abuse

You can borrow $500 - $4,000 from OppLoans, depending on your income, employment status, existing debt and other factors. OppLoans personal loans also have APRs of 59% - 160%, repayment periods of 9 - 18 months and no origination fee.

Key Things to Know About OppLoans Personal Loans

Loan amounts: $500 - $4,000
APRs: 59% - 160%
Repayment periods: 9 - 18 months
Origination fee: None
Credit score requirement: No minimum credit score requirement
Funding timeline: 1 - 3 business days after approval
Origination fee: $0
Late fee: $0

For more information, check out the full OppLoans personal loan review on WalletHub. You can also estimate your potential rates with our free pre-qualification tool.

Answer Question

How long does it take to get money from an OppLoans personal loan?

It takes 1 to 2 business days to get money from an OppLoans 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 OppLoans 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 OppLoans 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.

Once you get approved for an OppLoans personal loan, the money will be delivered through an electronic funds transfer to your bank account, which usually takes 1 to 2 business days.

show less

Is OppLoans legit?

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%.

show less

How can you get OppLoans personal loan pre-qualification?

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.

How to Get OppLoans Personal Loan Pre-qualification… read full answer

Go to WalletHub’s free personal loan pre-qualification tool.

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.

show less

WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.

WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.

Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.

Ask a Question

140

Ask Question

Ask Your Question

WalletHub Transparency

We are committed to being fully transparent with our readers. Opinions expressed here are the author’s and/or WalletHub editors'. WalletHub editorial content on this page is not provided, commissioned, reviewed, approved or otherwise endorsed by any company. In addition, it is not any company’s responsibility to ensure all questions are answered.