What kind of loan is Oportun? This question is about Oportun

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 For more information, check out the full Oportun personal loan review on WalletHub.

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What kind of loan is Oportun?

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This question is about Oportun

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Grace Enfield, Content Writer

@grace_enfield • 02/20/23 This answer was first published on 08/03/22 and it was last updated on 02/20/23.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 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

For more information, check out the full Oportun personal loan review on WalletHub.

Answer Question

Does Oportun approve everyone for personal loans?

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.

Oportun Personal Loan Requirements

Age Requirement: 18+
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How do I apply for an Oportun personal loan?

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...

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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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