Grace Enfield, Content Writer
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No, Oportun is not a payday loan. Payday loans typically have very small loan amounts, fees equivalent to an APR of 400% and short repayment periods, whereas Oportun offers affordable personal loans of $300 - $15,400 with APRs up to 10.07% - 35.95% and repayment periods of 6 - 46 months.
Key Facts About Oportun Personal Loans
- Loan Amounts: $300 - $15,400
- APRs: 10.07% - 35.95%
- Repayment Periods: 6 - 46 months
- Funding Timeline: 1 - 2 business days
- Origination Fee: Depends on the customer
- Late Payment Fee: Depends on the amount of time late
- Credit Score Requirement: None
- Residency Requirement: Live in AZ, CA, FL, ID, IL, MO, NJ, NM, NV, TX, UT or WI
For more information, check out the full Oportun personal loan review on WalletHub.
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