If you’re facing a financial emergency and you need quick access to cash, you might have come across OppLoans in your search.

OppLoans, by Opportunity Financial, LLC, is an online lender that provides small personal installment loans as an alternative to payday loans. Instead of requiring a single lump-sum repayment, it offers fixed monthly installment loans, making it easier for borrowers to manage.

It also works with partner community banks to provide unsecured loans to middle-income borrowers, including those with bad or no credit.

Loan amounts range from $500 to $5,000, depending on your state, which you can use for common emergencies, such as

• Car repairs
• Home repairs
• Medical expenses
• Debt consolidation

OppLoans offers personal loans targeted at borrowers with poor or limited credit histories. But before you hit “apply,” it’s crucial to understand the costs, terms, and alternatives. In this detailed OppLoans reviews, we’ll break down everything you need to know so you can make the best financial decision for your situation.

See Also: 7 Best $100 Instant Loan Apps in the U.S. (2025)

What Is OppLoans?

OppLoans is a lender that provides unsecured personal loans ranging from $500 to $4,000 that will help you cover your short-term financial emergencies such as medical bills, car repairs, or rent.

• Loan Terms: 9 to 18 months
• APR: 160% to 195%
• No minimum credit score required

While it can offer fast access to funds and approval for borrowers with bad credit, the high interest rates make these loans extremely expensive compared to traditional personal loans.

Loan Products and Types Offered

• Installment personal loans: it only offers small personal installment loans. These are unsecured loans, which means you don’t need to put up anything as collateral. They are closed-end loans, meaning you repay the loan in fixed monthly payments over a set period. OppLoans promotes these loans as a safer option compared to payday loans.
• Target borrowers: These loans are made for middle-income people who may have bad credit or no credit at all. OppLoans does not offer payday loans.
• Loan amounts: You can borrow between $500 and $5,000, depending on the state you live in. For example, in California, the maximum loan amount is $5,000.

Click here to apply for Opploans.

How Expensive Are OppLoans?

Let’s be clear: OppLoans are not cheap; they come with APR rates ranging from 160% to 195%. These loans fall into the high-cost category. Meanwhile, many personal loans from banks or credit unions may offer APRs below 36% even for borrowers with fair credit.

OppLoans’s maximum APR last year was 179%, but this year’s upper limit has climbed even higher, making it critical to only consider it as a last resort and for the shortest possible duration.

Credit Checks: Soft vs. Hard Inquiry

When you first apply for an OppLoan, the lender performs a soft credit check, which won’t affect your score, and if you accept a loan offer, a hard inquiry will then appear on your credit report.

OppLoans evaluates credit using data from Experian and Clarity, a credit bureau that specializes in non-prime borrowers.

See Also: Enable Loans: Login, How To Apply, Review, Is It Legit or Scam?

Opploans Fees and Funding Timeline

OppLoans does not charge an origination fee or late fees. However, interest continues to accrue on missed payments, which can quickly inflate the total cost of the loan.

If your application is fully verified and finalized before noon Central Time, you might receive your funds the same day. Otherwise, you’ll likely get the money by the next business day.

The TurnUp Program: A Rare Positive

Here’s one innovative feature worth highlighting: OppLoans offers a service called TurnUp, which you can opt into to check if you qualify for a loan with an interest rate below 36% from another lender. If you do, they’ll direct you to that better offer instead.

It sounds promising, with estimates suggesting that fewer than 10% of applicants actually benefit from TurnUp. Still, it’s a valuable feature and shows a level of transparency not often seen in high-cost lending.

OppLoans Reviews: Pros and Cons

OppLoans gets many positive reviews from borrowers, especially when it comes to their customer service and ease of use. On Trustpilot, it holds an impressive 4.5 out of 5 stars, based on more than 5,000 customer reviews, in which many borrowers say OppLoans was “there when they needed,” highlighting how fast the funding process was—with some saying they received money on the same day they applied. From our reviews, we appreciate the customer service agents, as well as the straightforward online application process.

Another major plus for OppLoans is that it can offer loans to people who have poor or no credit, making it the best option for those turned down by other lenders.

Opploans interest rates are very high, and this can make repayment very challenging if you did not budget carefully, and the payment processing can be confusing at times, although most agreed they were clearly informed about rates and terms upfront.

It is also accredited by the Better Business Bureau (BBB) and holds a strong A+ rating. According to BBB records, OppLoans has been accredited since 2016, and its customer support team is often recognized for being fair, helpful, and responsive when problems arise.

✅ Pros:

• No minimum credit score required
• Soft credit check during application
• Fast funding (often by the next business day)
• No origination or late fees
• The TurnUp feature helps find better rates.

❌ Cons:

• Extremely high APR (160% to 195%)
• Not a long-term financial solution
• Fewer than 10% qualify for better rates via TurnUp
• Interest continues to build even if payments are missed

One of the advantages of OppLoans is their willingness to work with borrowers who have low or no traditional credit scores. OppLoans can consider customers with credit scores of around 580, but approval isn’t solely based on credit score.

Instead, they look at:

• Income and employment status
• Recent payment history
• Bank account activity (balance trends, deposits, and potential fraud indicators)

Better Alternatives to OppLoans

If you have a credit score of 640 or higher, you may qualify for far cheaper personal loans through traditional lenders, but even if your score is below that, it’s worth exploring other options.

To help you with this, platforms like the Cash Wave make it easier to compare multiple lenders with a single application. One form triggers a rate check with up to 40 lenders, and since it uses a soft credit inquiry, your score stays protected. From there, you can choose the best available offer with confidence.

Final Thoughts – Opploan Reviews

OppLoans can provide a lifeline in urgent financial situations, especially if your credit history limits your options, but it comes with high interest rates; these loans should be approached with caution, and you should only use them when no better alternatives are available.

If you’re considering applying, make sure to explore other lenders, use services like TurnUp, and prioritize paying the loan off as quickly as possible to reduce interest costs.

Have you used OppLoans or the TurnUp feature? Share your experience in the comments!