error This company may not service all states.

OppLoans are offered by Opportunity Financial, a Chicago-based lending company that specializes in offering unsecured personal loans to consumers.

Founded in 2012, OppLoans is well-respected by customers and the lending industry alike. The company has an experienced leadership team and strives to make the lending process as simple as possible for its borrowers.

This lender specializes in unsecured loans for people with poor credit. Loan amounts range from $500 to $4,000. Your state of residence determines whether you are eligible for OppLoans lines of credit or installment loans. The brand's loan products are billed as a lower-cost alternative to predatory payday loans.

Whether you borrow through an installment loan or a line of credit, regular or monthly payments are required; however, with OppLoans, you can borrow more — up to $4,000, with a lower interest rate, for a longer period of time.

Loans applied for through the company's online platform will be originated through FinWise Bank or Opportunity Financial, LLC, depending on your state of residence. Even if FinWise funds your loan, you will still be serviced through 

Borrower application requirements include:

  • Residence in an available state
  • 18 years old—19 in Alabama and Nebraska
  • Regular income
  • Checking or savings account
  • Receive paychecks to your bank account through direct deposit

Keep reading for pros and cons, plus OppLoans reviews from real customers.

The Good

  • Customer Service
  • Quick, Easy Process
  • No Credit Check 
  • Lower Interest Rates
  • Longer Repayment Terms
  • Financial Resources and Tools
  • Refinancing for Eligible Customers

Customer Service

With OppLoans, customers will find friendly, courteous, pleasant representatives who are more than willing to help.

Customers rave about the ease of working with OppLoans customer service; the overwhelming sentiment is that the company makes the entire application and approval process smooth and easy, and the representatives make customers feel comfortable and valued.

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Customer Review: Bobby Simpson from Georgia

"OppLoans has been a great company to deal with. I have never had any negative correspondence with any of the customer service personnel and they have been a blessing to me financially. There when you need them. Great rates, definitely a great company to get a loan from."

There's also a common feeling that the company's staff members know their stuff and can answer just about any question. If they don't know the answer, they're happy to find someone who does.

Many payday lenders don’t even offer human-based customer service, preferring to be strictly online lenders, with no human contact. With OppLoans, you can email [email protected] or call 800-990-9130, 7 days a week Monday-Friday, 7 a.m.- 10 p.m. and Saturday and Sunday between 9 a.m. – 4 p.m. Central Time for assistance.

Quick, Easy Process

Applying for an installment loan online doesn't have to be a pain, nor does it have to take weeks and weeks to complete the application process and receive your loan money.

With OppLoans, it definitely won't be this way. Potential customers can apply online in a matter of minutes and receive approval in a reasonable amount of time. Funds can be transferred by the next business day to your checking account or sent in the mail via check. 

No Credit Check

OppLoans specializes in fast, simple loans without a hard credit check with the traditional credit bureaus. It uses an alternative credit reporting agency to assess applicants' credit factors. This means that your credit report won’t be affected by your application. You can get a loan offer without consequence to your credit. 

In addition, borrowing with this lender can help you build or rebuild your credit. OppLoans does report to the three major credit bureaus (Experian, Equifax, or TransUnion) as you repay the loan. So, on-time payments can help improve your credit score.

On the flip side, please remember that if you fail to meet the repayment terms of your installment loan, it may affect your FICO score negatively. 

Additionally, there are no prepayment penalties — meaning that if you pay off the loan early, it can only help you. There are no fees or added interest. 

Lower Interest Rates

While OppLoans lending rates are still high, they are some of the best in the short-term and payday lending industries.

If you have a good credit score and you need cash, you can get a traditional loan, apply for credit cards, or access other traditional forms of credit by meeting lenders' minimum credit requirements for standard long-term loans.

If you are unscorable, have a bad credit score, are rebuilding your credit, and aren't a member of a credit union with a PAL product or service opportunity, you may have to look for alternative loans. That's when high-interest loan options come into play.

The annual percentage rate (APR) of OppLoans products is between 99–199%, while payday lenders average over 300%. So, the cost to borrow bad credit loans is high, but it's higher with most other competitors. 

Longer Repayment Terms

In addition to lower interest rates, this financial institution offers much longer repayment terms than traditional payday loans carry.

Typically, payday loans, also known as a cash advance, payday advance, and short-term loans; these loans are meant to be repaid by your next payday. Borrowers have to pay back their loan quickly. With installment loans, payment terms can last up to three years, for a lower-stress, more manageable repayment process. 

Financial Resources and Tools

To promote long-term financial wellness, the lending platform offers free educational resources through a section of its website called OppU. These include interactive courses on a variety of topics including:

  • Money management
  • Budgeting
  • Saving
  • Understanding credit and credit history
  • Debit and credit card basics
  • Debt reduction

It's commendable when loan companies recognize that users in need of a short-term loan may have bad credit now, but with more education, can take charge of the financial future. 

Refinancing for Eligible Customers

OppLoans personal installment loans offer refinancing to eligible current borrowers. If you are eligible, there will be a 'Refinance Now' button available on your online account. 

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The Bad

  • Limited to One Type of Loans
  • State Restrictions

Limited to One Type of Loans

While this is a great alternative to predatory lenders, customers who are in the market for other financial services like home loans, home equity loans, car loans, student loans, debt consolidation loans, or any other type of loan besides a personal loan will have to keep looking, because OppLoans only offers personal loans.

State Restrictions

OppLoans doesn't offer loans in all 50 states. The lender's service area is limited to the following states:  

  • Alabama
  • Alaska
  • Arizona
  • California
  • California
  • Delaware
  • District of Columbia
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Mexico
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Washington
  • Wisconsin
  • Wyoming

So, if you don't live in those states, OppLoans can't approve you for a loan. 

The Bottom Line

It's difficult to imagine a lender with a more favorable customer view than OppLoans.The common sentiment is that the company's customer service is off the charts and the loan application process is a piece of cake. 

On top of that, not many bad credit loans, installment loans, or payday loans can help you rebuild your credit score with the major credit bureaus as you repay your loan — even if you perfectly keep to your loan terms. OppLoans does. 

This lender is definitely recommended for consumers in need of the short-term financial assistance a personal loan offers, especially if they have less-than-perfect credit.

Although OppLoans has fairly high interest rates, they are very low compared to others in the payday lending world. Additionally, those in the market for other types of loans will need to look elsewhere.

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User Reviews

Star Rating


178 Reviews

Review Breakdown

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Aaron Wilkins

September 10th, 2017

Courtney was sweet and very helpful with my refinance and gave me a call to tell me she needed a new paystub. She was still helpful after I had issues with my mobile browser and she was able to take my call back quickly after verification was finally working. Give this girl her free lunch!


Joseph Dapremont

September 9th, 2017

made a personal loan.....dealt with Lance who was extremely helpful, courteous and patient. very efficient and knowledgeable


Robert Urban

September 8th, 2017

Courtney did a great job! She was very professional.



September 8th, 2017

Outstanding customer service, the representative (Nia) Was courteous and knowledgable, which made my experience worthy of recommending to others.


Patricia Thompson

September 8th, 2017 IL

My friend told me about Opploans and they were phenomenal, fast and I received my funds the next day . Awesome!


Esther Harrell

September 8th, 2017 Gainesville, VA

I recommend this company because they are courteous, respectful and their approval process is efficient and fast. The system works very fast because they have automated every part of the process.


Fior Zucco

September 7th, 2017

Very fast and great service from the representative named Char


Angelita Ellis

September 7th, 2017 Chicago, IL

I found Alex to be very informative, patient, and pleasant. This young displayed a wealth of patience's as well as information as it pertained to the process for refinancing. I just needed to take the time out of my busy day to commend this young man on a job well done. And I look forward to continuous business with your company. Signed: 1 Happy Customer!


Vincent J Hernandez

September 7th, 2017

Very professional and very quick on positive response


Evita Sharpley

September 6th, 2017

I have never experienced such a smooth, easy and quick process. The approval time was fast and the representative was extremely nice.


Alissa sorce

September 6th, 2017

I am working with Courtney. She is the best customer service I have ever dealt with. Also she answered all my questions. Hope to work with her again


DeVaughn Huff

September 6th, 2017

Char, your representative , is very professional. He delivered exceptional customer service and is very knowledgeable.



September 5th, 2017 San Antonio, TX

Char was very personable and had very quick reply time for me. I found him to be friendly and professional.


Luis A Tellez

September 5th, 2017

Great customer service and things always get done quick.


Linda Robinson

September 2nd, 2017

It was a pleasure doing business with you.I was comfortable when talking with you. You were helpful with assisting me with the process of getting my loan application completed. I will definitely refer you to a friend. I payed off a loan with you And I feel comfortable to apply for another loan. That's how satisfied I am. Thank you for giving me this opportunity once again.


Quinton Bacon

September 2nd, 2017

Courtney from Opp Loans was extremely courteous, friendly, helpful and above immensely patient and professional. She should be absolutely commended for her ability to ensure the customer is taken care of. Thanks.


Jeffry payme

September 1st, 2017

I received fast prompt service. Even though it told me that I was approved my money is not in my account


Imani Woullard

September 1st, 2017 IL

Lance was freaggin awesome. There was some confusion on my refinance; he was was patient and VERY thorough (even with my quiet frustration). I'll ask for him from now on.


Erika Francis

August 31st, 2017

Opp Loans was a life saver during this period after the Harvey hurricane. Thank you for your professionalism and quick approval of my loan.


Garrett Keaton

August 31st, 2017

Refinanced my loan. Everything went extremely smooth and customer service was exceptional!


Melissa Cunningham

August 30th, 2017 Marshall, TX

Phillip A was very courteous and helpful with my loan process


Ann Goley

August 30th, 2017 Machesney Park, IL

Dominique was very helpful and easy to understand. She was polite and pleasant to deal with on the phone. This was a very fast and easy process which is what I was looking for.



August 9th, 2017 Victoria, TX

What really makes me pissed is they say "Hey you can get xxxx just verify your bank account!". I gave my bank account information and got denied?!?!? AFTER I GAVE MY ACCOUNT INFORMATION?? They then posed as my bank and sent a text to type in the code addressed as "Wells Fargo Advanced Access Code xxxxxx to verify your identity". WHATTTT??? I got RickRolled, whatever.....But seriously the reviews are either A. BOGUS or B. From people with good enough scores and NO discrepancies on their credit account.



July 20th, 2017 Bensenville, IL

I don't know why people leave bad reviews for loan companies just because they get denied. I had a great experience with the woman who helped me through the application. Everything went well. I'm able to make my payments on time and am going to have my loan paid back soon. I recommend them.



June 27th, 2017

They sent me pre-approval mail offer. Applied online and got declined. This is the 2nd time. Stop wasting my time, OppLoans!



May 9th, 2017 Washington, DC

I don't see how this company receieved and A+ rating from the BBB. I was preapproved for a certain amount so I decided to apply. The application was pending and I had up until the 29th of April 2017 to finish the paperwork. I emailed the company asking some questions and never heard from them. When I went on-line on Tuesday, April 25th, the application stated that I was denied. What kind of bait and switch advertising is this?



October 15th, 2016 Louisville, CO

Your false advertising, you sent my husband a pre approval letter. Then denied him. Wth kind of crap is that. Then your Web site claims to not effect your credit. But that's a lie. Don't send any more of your stupid letters again. Oh n BTW my husband has great credit. So I'd really like to know how the hell yall denied him.


Carolyn Guzman

September 26th, 2016 Kilgore, TX

We applied for a loan with Opp Load due to are daughter need to be seen by and Oncologist witch is a Cancer Doctor and was immediately turn down I do not recommend for someone who needs the money fast to apply for a loan with them . They was are last hope .