OppLoans Personal Loan Review

OppLoans is an online lending platform that offers high-interest installment loans to middle-income borrowers with poor to no credit scores.
OppLoans Loan Review
Mateo Beltroy
Author: Mateo Beltroy

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About OppLoans

OppLoans is an online lending platform that offers high-interest installment loans to middle-income borrowers. OppLoans’ products are made for users with bad or no credit scores.

OppLoans’ loans come with interest rates as low as 160% and are typically short-term in nature, with the maximum length being 18 months.

OppLoans was founded in 2012 and is headquartered in Chicago, IL.



OppLoans Loan Details
Minimum credit score/credit range
Not Disclosed
Loan amounts
$500 - $4,000
9 or 18 months
Approval turnaround
Soon as next business day
All States (Except CO, CT, IL, IA, MD, MA, NH, NJ, NY, NC, PA, WV)
No Late Fees
Other fees
No Origination Fees

Who Is OppLoans Best For

OppLoans is best for borrowers with poor credit who need quick funds and cannot obtain loans from traditional online lenders. Unlike payday or title loans, OppLoans’ products offer the same value without charging the same interest rates, as payday loan APR can go as high as 400%

OppLoans’ loans are meant to be temporary and short in nature. They offer smaller loan amounts with a high APR to help cover unexpected expenses. 

OppLoans’ products are not valuable to borrowers with fair to good credit scores as they can find loans through other lenders with better terms.

OppLoans Loan Uses

OppLoans allow their borrowers to use the funds for home repair expenses, emergency expenses, debt consolidation, car repair expenses, and medical bills. These loans are typically used for smaller expenses that come up unexpectedly.

OppLoans do not have any restrictions of the use of the funds.

How to Contact OppLoans

OppLoan’s customer support is available by phone at 800-990-9130 on Monday to Friday from 9 AM to 5 PM CT and on Saturday and Sunday. 

You may also contact their support team through email or the chat widget on their website.

Our Verdict

OppLoans offers installment loans to borrowers with poor or no credit scores. When compared to other loan products like payday loans and title loans, OppLoans’ products are much more appealing when in need of quick funds. Their loans are lower in APR when compared to these other loan products which can help save a lot of money on interest.

While OppLoans’ products are valuable to borrowers with poor credit scores, they are not nearly as valuable to borrowers with fair to excellent credit scores. If you have a decent credit score, you may be better off applying with other lenders that can offer lower APRs with better terms on their loans. If you do not have a fair credit score, you still may benefit from looking at other lenders for bad credit to see if they may be able to offer better loans for your situation.

If you are the type of borrower that is in need of quick funds and does not have a strong credit score, we believe that OppLoans is one of the best options out there. The interest rates may be high, but they are much lower than competing products.

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