OppLoans offers personal loans that can be used to cover medical expenses. OppLoans personal loans offer $500 - $4,000 in funding with an APR range of 59% - 160%, repayment periods of Up to 18 months and an origination fee of $0.
OppLoans Personal Loan Info
Loan Amounts: $500 - $4,000
Repayment Periods: Up to 18 months
APR Range: 59% - 160%
Origination Fee: $0
Before you officially apply for a loan, it's a good idea to see if you pre-qualify. You can use the free pre-qualification tool on WalletHub to estimate your approval odds and your potential rates with multiple lenders at once.
Most medical providers accept credit cards, and you may be able to get low-interest financing.
Yes, 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.
OppLoans verifies income by requesting paystub is required (if you reside in IL or NV). However, simply meeting the income requirement does not guarantee approval for a loan. There are other OppLoans personal loan requirements, as well.… read full answer
OppLoans Personal Loan Requirements
$18,000 annual income
Be at least 18 years old
Be a US citizen or permanent resident
Must have a Social Security number
Must have a bank account with a transaction history of at least 90 days.
Minimum 30 days with current employer
If you want a better idea of what personal loans you may qualify for with your income, you can use WalletHub’s free pre-qualification tool.
OppLoans does not do a hard inquiry into your credit history when you apply for a loan. Even though there's no credit check, that does not guarantee approval, as OppLoans considers factors such as income, debt load, age, residency and more.
OppLoans typically caters to people with bad or no credit. However, loans from OppLoans are usually much more expensive than those from lenders that do hard inquires.… read full answer
To see your approval odds and what rates may apply to you, check out the free pre-qualification tool on WalletHub.
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.… read full answer Pre-qualification is a way to check your approval odds and potential rates before applying for an OppLoans personal loan. It doesn't hurt your credit. You can check for pre-qualification on the OppLoans website or WalletHub's pre-qualification tool.
Enter your personal information on the application. OppLoans requires the following personal information on the application: your loan amount, email address, phone number, last 4 digits of your Social Security number, full name, date of birth, home address, years at current address and housing status.
Enter your financial information on the application. OppLoans requires the following financial information on the application: your income source, time employed, pay frequency, montly gross income, next paydate and employer's contact information .
Double check the application for accuracy. To ensure that your OppLoans personal loan application gets processed as quickly as possible, make sure that all the information is correct and complete before you submit it.
Submit your application. OppLoans will typically provide a decision on your application within 1 business day.
If you are approved for an OppLoans personal loan, you will generally receive the funds within 1 to 2 business days after approval. After that, it's your responsibility to make monthly payments until you have fully paid back your loan, including interest.
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