Grace Enfield, Content Writer
@grace_enfield
Your OppLoans approval odds are good if you are at least 18 years old and have enough income to make monthly loan payments. OppLoans personal loans do not have a credit score requirement since OppLoans does not perform a hard inquiry into your credit history when you apply.
What You Need for Good OppLoans Approval Odds
- Citizenship: U.S. Citizen or permanent resident
- Age: 18+ (19 in some states)
- Identification: Social Security number
- Bank Account: Verifiable bank account with transaction history of at least 90 days
- Residency: Live in one of the 37 states where OppLoans operates or in the District of Columbia
Before applying for any personal loan, it’s a good idea to check to see if you pre-qualify in order to estimate your approval odds. You can use WalletHub’s free pre-qualification tool to check with multiple lenders at once.
People also ask
Does OppLoans verify income for personal loan applications?
OppLoans will verify your income when you apply for a personal loan. OppLoans requires a minimum annual income of $18,000 to ensure that you can make your monthly payments, and if you don’t meet the minimum income requirement, you likely won’t get approved.
If you receive alimony, disability benefits, or Social Security benefits, you may have to provide proof of income by submitting a paystub, your most recent benefit/award letter, 1099, or W-2. However,...
read full answer by Grace Enfield, Content WriterDoes OppLoans do a hard inquiry?
OppLoans does not perform a hard inquiry into your credit history when you apply for a loan, which makes it easy to get approved and means applying won't hurt your credit. When deciding if you can qualify for a personal loan with them, OppLoans will consider other factors such as income, debt load, age, and residency.
OppLoans typically caters to people with bad or no credit. However, loans from OppLoans are usually much more...
read full answer by Rick Bormin, Personal Loans ModeratorHow do I apply for an OppLoans personal loan?
To apply for an OppLoans personal loan, first check for pre-qualification and then enter your personal and financial information on the online application. Next, verify the accuracy of the information, submit the application and wait to receive a decision.
How to Apply for an OppLoans Personal Loan
- Check for pre-qualification. Pre-qualification is a way to check your approval odds and potential rates before applying for an OppLoans personal loan. It doesn't hurt...
Did we answer your question?
Important Disclosures
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers. For full transparency, here is a list of our current advertisers.
Advertisers compensate WalletHub when you click on a link, or your application is approved, or your account is opened. Advertising impacts how and where offers appear on this site (including, for example, the order in which they appear and their prevalence). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.
Advertising enables WalletHub to provide you proprietary tools, services, and content at no charge. Advertising does not impact WalletHub's editorial content including our best picks, reviews, ratings and opinions. Those are completely independent and not provided, commissioned, or endorsed by any company, as our editors follow a strict editorial policy.