OppLoans Review: Fast Installment Loans Online for Bad Credit

Posted on April 26, 2021 in Loans

Are you in need of an alternative loan solution?

You may want to consider OppLoans who has helped people take back control of their financial situation. Particularly those who can’t afford a $400 emergency expense, people who lack access to credit through traditional financial options, and for workers living paycheck to paycheck.

OppLoans Review

What is OppLoans?

OppLoans is a no credit check installment loan company that offers fast funding options for people with bad credit. The loans offered by OppLoans are unsecured, with high interest rates. With loan terms that can last up to three years, the company is not a payday loan provider. Instead, they are a doable option for people with bad credit who need a loan fast and are unable to obtain one with less interest.

OppLoans does not do a hard inquiry for people applying for loans. Without this requirement, it’s simple for most people to obtain a loan. However, OppLoans does have excessively high interest rates, so borrowers must be certain of their ability to repay the no credit check loan.

While the high interest rates of OppLoans means they may not be right for everyone, they are an easy small loan option for those with poor credit, and have a number of features that ensure the consumer is put first.

Consumer-First Features

OppLoans focuses on making sure the consumer is first. With loan features that make it simple for most people to obtain a small loan quickly, OppLoans can be extremely beneficial for those with certain financial circumstances.

The consumer-first features of OppLoans include:

  • No Credit Check- No Hard Inquiries
  • Bad Credit Acceptance- No Minimum Score
  • Fast Loans- Funds Within 1-2 Days
  • Change Payment Date- Choose the Date that Works Best
  • No Fees for Loan Prepayment- Pay Off Early if Possible
  • Refinancing Available- Consistent On-Time Payments May be Refinanced for a Larger Loan or Extended Payment Period
  • Financial Education- Learn How to Build Credit and Make Beneficial Financial Decisions
  • Positive Credit Impact- Reports Regularly to Top Three Credit Bureaus: Transunion, Equifax, and Experian
  • May Work with Borrowers to Create a Hardship Plan if Required by Consumer’s Needs

These features are essential for bad credit borrowers. People who have an extreme financial situation can receive the funds they need in as little as one day.

How Does OppLoans Work?

OppLoans offers people with bad credit or no credit a simple way to obtain a small loan. These installment loans are more beneficial to consumers than payday loans, as they tend to offer longer repayment terms and a lower interest rate than some payday loan lenders. You don’t want to get into a situation where you’re asking, “how can I block payday loans from debiting my account.”

With an installment loan from OppLoans, borrowers apply, obtain approval, and receive their funds within just a matter of days. Payments are set up to be made on a regular monthly schedule until the loan is paid in full. Through the duration of the loan, payments are reported to the credit bureaus, helping bad credit consumers build their credit.


OppLoans provides no credit check small loans. While they have extremely high interest rates, they may be a great choice for people who cannot obtain a less costly loan. There are no origination fees and no late fees, which are both very important features for people considering taking out a high-interest, no credit check, loan.

Interest rates on OppLoans range from 99% to 199%, which depends on the state of the borrower. The maximum amount of funds offered by OppLoans is $4,000, making it a great choice for people who need a small loan right away.


When people apply for loans from OppLoans, there is no credit check, which means there is no minimum credit score required in order to get a loan. However, there are a number of requirements that borrowers must meet to be approved for an OppLoans installment loan. Requirements include:

  • $1,500 Gross Monthly Income
  • Regular Monthly Income- Employment, Benefits
  • Established Bank Account- at Least 90-Day History
  • Paid Via Direct Deposit
  • Resides in an OppLoans State- Offered in 37 States
  • At Least 18 Years Old
  • Social Security Number
  • Online Application

OppLoans Application

Apply online for an OppLoans installment loan. It’s fast, simple, and secure. When you begin the online application, make sure you’re prepared with the necessary information:

  • Name
  • Address
  • Phone Number
  • Birthday
  • Social Security Number
  • Type of Income
  • Method of Payment
  • Monthly Income
  • Frequency of Payment
  • Bank Account Type
  • Maturity of Account
  • Bank Account Number
  • Routing Number

Follow the online instructions, entering all of the essential information as you are prompted.

Fill out a fast and easy online application in minutes!

The OppLoans application process is the easiest way to get money fast.

Verify Income

Securely connect your bank account to your OppLoan. Your application will be verifiable by the information retrieved from your bank account.

Review Agreement

Review and accept your loan’s repayment agreement.

Once your loan has been approved, you will need to accept the agreement in order to receive your funds. Read over the agreement and make sure you can and will adhere to all of the terms before you accept.

Get a Decision

Apply for an OppLoans installment loan and receive a decision within a day. Once approved, you will receive funds in your account in as little as one day.

How Long Does OppLoans Take to Approve?

You will be provided a decision on your installment loan application quickly! If approved, you may be funded as soon as the next business day!

OppLoans Sign-In

Easily sign-in to your OppLoans account to receive essential information about your application, loan, and payments. There’s no red tape when you apply online for an installment loan with OppLoans. Sign in and obtain the information you’re looking for.

OppLoans Interest Rates

While the interest rates can be considered high, they are smaller than most payday loans. The APR depends on the state of the borrower, as interest rates are often capped above state-mandated maximums. Rates can be 99% to 199%.

Loan Example

Take a look at this example of an OppLoans installment loan:

  • Borrower makes $45,000 a year
  • They borrow $1,350 from OppLoans, Repayment Term 9 months, 140% APR
  • Monthly Payments Set Up for $250 Per Month
  • Interest on Loan will be $901
  • Overall, the borrower will spend $2,251

Is OppLoans Legit?

OppLoans has a high BBB ranking, one of the sure signs of business legitimacy. The company empowers credit access for the 60 million Americans who are locked out of traditional financial products. Borrowers receive their funds deposited directly into their bank accounts quickly, within 1-2 days. Funds are available for borrowers to use as needed.

When to Choose OppLoans

Due to the high interest rate associated with OppLoans, these fast small loans may not be the best choice for all. However, depending on financial circumstances, OppLoans may be exactly what the consumer needs to get ahead.

OppLoans is a great choice for people in certain financial situations, such as:

  • Bad Credit
  • No Credit
  • Need Money Right Away
  • Want to Avoid the Higher Interest Rates of Payday Loans
  • Will be Able to Pay Loan Off Quickly – No Penalties for Repayment

Get Bad Credit Loans Online Today With OppLoans!

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