Oportun is a personal loan provider that offers $300 - $15,400 in funding, APRs up to 10.07% - 35.95%, (depending on your creditworthiness), and repayment periods of 6 - 46 months. Oportun does not require you to have a credit score to qualify.
Key Facts About Oportun Loans
Loan Amounts: $300 - $15,400
APRs: 10.07% - 35.95%
Repayment Periods: 6 - 46 months
Funding Timeline: 1 - 2 business days after approval
Origination Fee: Depends on the customer
Late Fee: Depends on the amount of time late
Income Requirement: Not disclosed
Residency Requirement: Live in AZ, CA, FL, ID, IL, MO, NJ, NM, NV, TX, UT, and WI
No, Oportun does not approve everyone for personal loans, even though there’s no minimum credit score requirement. To qualify for an Oportun personal loan, you need to be at least 18 years old, own a valid bank account and have enough income to make the monthly payments, among other requirements. Even if you meet all the requirements, you still may not get approved.
To apply for an Oportun 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 Oportun Personal Loan
Check for pre-qualification. Pre-qualification is a way to check your approval odds and potential rates before applying for an Oportun personal loan. It doesn’t hurt...
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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