What are the Oportun fees? This question is about Oportun

Oportun's origination fee depends on the customer and its late payment fee depends on the amount of time late, and it does not have a prepayment fee. In addition to these fees, Oportun has a minimum APR of 10.07%, which is higher compared to the typical minimum APR for a personal loan. For your convenience, you can see Oportun’s personal loan fees and other key terms below. Oportun Personal Loan Fees and Other Terms Origination Fee: Depends on the customer Late Payment Fee: Depends on the amount of time late Prepayment Fee: $0 APRs: 10.07% - 35.95% Loan Amounts: $300 - $15,400 Repayment Periods: 6 - 46 months Credit Score Requirement: Not disclosed but known to accept limited or bad credit history Funding Timeline: 1 - 2 business days Before applying for any personal loan, it’s a good idea to see if you pre-qualify first. To check with multiple lenders at once, try WalletHub’s free pre-qualification tool.

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What are the Oportun fees?

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This question is about Oportun

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Grace Enfield, Content Writer

@grace_enfield • 05/03/22 This answer was first published on 05/03/22. 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.

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Oportun's origination fee depends on the customer and its late payment fee depends on the amount of time late, and it does not have a prepayment fee. In addition to these fees, Oportun has a minimum APR of 10.07%, which is higher compared to the typical minimum APR for a personal loan. For your convenience, you can see Oportun’s personal loan fees and other key terms below.

Oportun Personal Loan Fees and Other Terms

Origination Fee: Depends on the customer
Late Payment Fee: Depends on the amount of time late
Prepayment Fee: $0
APRs: 10.07% - 35.95%
Loan Amounts: $300 - $15,400
Repayment Periods: 6 - 46 months
Credit Score Requirement: Not disclosed but known to accept limited or bad credit history
Funding Timeline: 1 - 2 business days

Before applying for any personal loan, it’s a good idea to see if you pre-qualify first. To check with multiple lenders at once, try WalletHub’s free pre-qualification tool.

Answer Question

Does Oportun do a hard inquiry?

Yes, Oportun does a hard inquiry when you apply for a loan. This credit report inquiry will likely drop your credit score by about 5 to 10 points, but you'll be able to get back on track with a few months of on-time payments.

Oportun's hard inquiry will stay on your credit report for two years, but it won't affect your credit after one year, and the impact may subside before then. To see how your individual...

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Does Oportun verify income for personal loan applications?

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...

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How can you get Oportun personal loan prequalification?

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.

How to Get Oportun Personal Loan Prequalification

Go to the Oportun website.
Click on the "Go" button after filling in your ZIP code.
Enter whether...

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