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OppLoans Review: No Credit Check Personal Loans

OppLoans offers no credit check loans that should only be considered as a last resort. The lender is a safer option than a payday loan or pawn shop loan for bad credit borrowers, but the cost of borrowing is still high.

OppLoans Review
No Min. Credit Score Required
Loan Amount $500 to $4,000
Repayment Terms 9 to 18 months
Lindsay Frankel
Written by:Lindsay Frankel
Personal Finance Expert

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Getting a personal loan with bad credit can be challenging, however, and the best personal loans are only available to creditworthy borrowers. If you need emergency cash and don’t have other options, OppLoans offers longer terms and lower rates than other no credit check lenders. The lender also reports your on-time payments to the three major credit bureaus, so a personal loan from OppLoans may improve your credit. We’ll cover everything you need to know to decide if OppLoans is right for you.

Summarized Rating

This parameter considers loan term lengths, loan minimums and maximums, and the extent of loan use limitations. Each of these features was evaluated using the five-point scoring system. Then, the various scores were aggregated and averaged to establish an overall loan features score.

OppLoans gets a below average 2.8 for Loan Features. This reflects the loan provider’s average term lengths and fairly low maximum loan limit. A very low minimum loan requirement provides a boost to the score.

OppLoans Pros
Longer terms than payday loans
No hard credit check required
Excellent customer service reviews
Funding as soon as the next business day
On-time payments can improve your credit
No collateral required
Loans as small as $500 available
No origination fees
No prepayment penalties
Free educational resources
Some borrowers may be eligible for refinancing
OppLoans Cons
APRs start at 59%
Must receive income through direct deposit to be eligible
Not available in all states
No co-signers allowed
$4,000 maximum loan amount

Types of Personal Loans OppLoans Offers

OppLoans offers installment loans that can be used for surprise repairs or everyday bills. In fact, you can use an OppLoans personal loan for almost anything. The lender doesn’t specify any prohibited uses, but most lenders don’t allow you to use personal loans for illegal activity.

Common loan uses

Prohibited uses

  • Auto repairs

  • Home repairs

  • Emergency medical bills

  • Rent

  • Illegal activity

OppLoans Loan Features

You can borrow between $500 and $4,000 from OppLoans for any purpose, though the available amounts may vary by state. You’ll begin repayment the month after receiving your funds and pay monthly installments for 9 to 18 months. That’s much longer than the repayment term for a payday loan, but is shorter than the repayment term on a traditional personal loan. Be sure you have a plan to repay your OppLoans loan within the designated time frame.

Loan terms

9 to 18 months

Repayment period


Loan amount

$500 to $4,000

Loan Use Limitations 


OppLoans Interest Rates and Fees

OppLoans APRs range from 59% to 160%, depending where you live. Even though the lender doesn’t charge any fees, the cost of borrowing is high. Luckily, you can pay off your loan early or refinance it to save money on interest.

Borrowing/Origination Fees


Prepayment Fees


Late Payment Fees


Other fees


Interest Rates

59% to 160%

OppLoans Qualification Requirements

OppLoans does not have minimum credit score or income requirements, but you must receive income through direct deposit to be eligible. Sources of income can include federal benefits. OppLoans doesn’t allow you to apply with a co-signer or co-borrower, so you must qualify for the loan on your own.

Membership Requirement


Minimum Credit Score


Income Requirements

Income through direct deposit

Co-signer/Joint Application Requirements

Solo applications only

OppLoans Application Process

First, make sure you meet the eligibility requirements for an OppLoans personal loan. Then click “Start New Application.” You can also call OppLoans customer service for assistance with your application from a Loan Advocate at any time.

On the next two pages, enter your full name and contact information.

You’ll also need to upload proof of income and add your bank account. And you’ll also need to provide your social security number, which OppLoans will use to evaluate information from the alternate credit bureaus. OppLoans will not run a hard credit check.

If you’re approved, you’ll need to sign and accept your loan documents. The money can be deposited into your bank account within one business day after acceptance. It’s a good idea to set up ACH debits for repayment, but you can also pay with a debit card.

OppLoans Customer Support

OppLoans operates extended customer service hours during weekdays to make it convenient for borrowers to get in touch. You can call 800-990-9130 on weekdays between 7am and 11:30pm CT or weekends between 9am and 5pm CT. You can also email OppLoans at one of the email addresses below:

  • for general questions
  • for existing borrowers
  • for complaints
  • for improper credit reporting
  • for identity theft concerns

OppLoans has a great reputation for customer service. Customers on Trustpilot, Google, ConsumerAffairs, and the Better Business Bureau all have great things to say about the OppLoans Loan Advocates.

For example, one customer wrote, “They are a great company to work with when you need financial help. The representatives are willing to go above and beyond for their customers.” And another wrote, “OppLoans provides a great service for those without perfect credit. Their customer service deserves praise. I’ve enjoyed all my interactions with them and highly recommend their services.” Some borrowers even mention their customer service representatives by name and are pleased with the service they received.

OppLoans Online Reviews

Customer reviews of OppLoans are mostly outstanding. In addition to the friendly customer service, customers have great things to say about the quick and easy loan application process, the speed of funding, and even the interest rates, which borrowers report are lower than the competition. However, a few customers had the experience of a slower process, while others complained about being denied or having mounting interest from missed payments.

The positive reviews are related to

The negative reviews are related to 

Quick and easy loan approval process

High interest rates

Fast funding

Slow process

Friendly and professional customer service

Denials despite meeting eligibility criteria

OppLoans Perks and Bonuses


OppLoans doesn’t offer any formal forbearance programs or payment flexibility, but the lender recognizes that everyone’s situation is unique and encourages borrowers to call if they are worried about default. You may also be eligible to refinance if you’ve paid 15% or $400 on your current loan and are not past due.


OppLoans maintains an incredibly helpful and transparent website. The OppU Hub has courses that teach all the basics of personal finance, from budgeting and saving to building credit. There are also helpful articles addressing common financial questions. Even if you don’t end up borrowing from OppLoans, these resources are free to use.


OppLoans offers a mobile-friendly online application and an online payment portal. You have the option to make a debit card payment on your due date or set up ACH debits. There’s no mobile app or live chat, however, which is something we think OppLoans could improve.

OppLoans Compared to Other Lenders

If you have a credit score above 640, you’ll get the most favorable rates and terms from Best Egg. But if you can’t qualify for a loan with a credit check, you might consider OppLoans for a small loan or 60MonthLoans for a larger loan. Both lenders offer safer terms and lower rates than payday lenders, and both have a great reputation for customer service.



Best Egg

Loan Terms

9 to 18 months

12 to 60 months

36 to 60 months

Loan amount

$500 to $4,000

$2,600 to $10,000

$2,000 to $50,000

Interest Rates

59% to 160%

19.57% to 69.73%

5.99% to 35.99%

Min Credit Score




Co-signer Requirement

No co-signers allowed

No co-signers allowed

No co-signers allowed

Final Thoughts

If you need emergency cash and can’t qualify for a traditional personal loan, OppLoans provides a no credit check alternative that is relatively safe. The lender receives high praise for its customer service. And responsible repayment on an OppLoans personal loan can improve your credit score. Just make sure you’ve exhausted your other options, like applying with a co-signer at another online lender to try to get a lower rate, before you borrow from OppLoans. If you need a loan of more than $2,600, you may be better served by 60MonthLoans, which offers longer terms. It’s a good idea to compare the rates offered by each lender in your state.

Frequently Asked Questions(FAQ)

Can OppLoans Be Trusted?

Yes. OppLoans is a licensed lender in the states that it issues installment loans. Thousands of positive customer service reviews across multiple third-party review sites and an A+ BBB rating indicate high quality customer service. Furthermore, OppLoans was named an industry leader by The Center for Financial Services Innovation.

Does OppLoans Check Your Credit?

OppLoans will run a soft credit check to assess credit information from the alternate bureaus, but the lender will not run a hard credit check like most other lenders.

Can I Pay Off My OppLoans Loan Early?

Yes. You can make additional payments or pay off your entire balance at any time. OppLoans doesn’t charge prepayment penalties.

Lindsay Frankel

Lindsay Frankel

Student Loan Expert

Personal finance expert with 3 years experience specializing in researching, writing, and editing insurance, loans, and credit cards content

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