OppLoans Personal Loan review: how does it work and is it good?

This personal loan has great benefits and a few reasons you might want to reconsider. Pay no hidden fees! Read on and learn how OppLoans works.


OppLoans Personal Loan: borrow up to $4,000 for several purposes!

OppLoans Personal Loan logo
OppLoans Personal Loan review. Source: The Mad Capitalist

In this OppLoans Personal Loan review, we will explore the pros and cons of this lender. It provides loans to those with bad credit who can’t find loans elsewhere.

OppLoans Personal Loan logo

Learn to apply for the OppLoans Personal Loan

Use our simple 3-step guide to apply for the OppLoans Personal Loan. Borrow up to $4,000 and use it for several purposes! Read on!

When should you consider it? They report payments to credit bureaus! Let’s take a closer look at the details.

  • APR: 59.00% up to 160.00%;
  • Loan Purpose: Bills payment, such as unexpected car repairs, emergency medical expenses, travel expenses, and home repairs;
  • Loan Amounts: $500-$4,000;
  • Credit Needed: None;
  • Origination Fee: N/A;
  • Late Fee:  N/A;
  • Early Payoff Penalty: N/A.

What is the OppLoans Personal Loan?

OppLoans is a reliable online lender based in Chicago, Illinois, specializing in helping those with poor credit scores acquire loans.

It offers loans for people with bad credit that can’t find loans anywhere else.

However, the price of its commodity is skyrocketing. So, it’s not recommended unless you have no other options left.

Still, OppLoans Personal Loans are unsuitable for those with good to excellent credit, who want to build their score, or for a person who is looking to fund emergency expenses.

Loan Terms and Rates

Opploans offers short-term installment loans ranging from $500 – $4,000 with 9 to 18 months repayment terms.

In addition, they report payment activity to the three major credit bureaus, which could help borrowers improve their credit scores over time.

However, their interest rates are very high — in some states, they can exceed 50% of the loan principal.

So they should only be used as a last resort if other loan options are unavailable.

Other features

  • Get assistance finding better rates;
  • Financial Education on their website;
  • Repayment can match your payday schedule;
  • No co-signers or co-borrowers.

Is the OppLoans Personal Loan good?

Young caucasian woman isolated on blue background sending a message with the mobile
Check this lender’s main features! Source: Adobe Stock

If you’re in a bind, OppLoans can be a last resort to help build your score. They are good for people trying to build Credit and can’t get cash elsewhere.

However, depending on your goal, you may find better options. Consider its pros and cons so that you can make a better judgment.

Multiple personalized credit card offers

Applying won't hurt your credit score

You will be redirected to another website


  • Quick Funding;
  • Simple Application Process;
  • Bad Credit Accepted;
  • Reports payments to the three credit bureaus.


  • Very high-interest rates;
  • Small loan amounts;
  • Short payment periods.

Does OppLoans check credit scores?

OppLoans doesn’t require a minimum credit score but examines your banking activity and other credit bureaus to decide whether or not to loan you money.

Want to apply for the OppLoans Personal Loan? We will help you!

Do you want to apply for the Opploans Personal Loan? Read our post below! We’ll explain everything your need to learn!

OppLoans Personal Loan logo

Learn to apply for the OppLoans Personal Loan

Use our simple 3-step guide to apply for the OppLoans Personal Loan. Borrow up to $4,000 and use it for several purposes! Read on!

About the author  /  Suzana Brito

I'm a Language Studies graduate and have always been interested in writing and sharing knowledge. By creating content about finances and related products, I believe in contributing to people achieving financial freedom and their goals in life.

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