Opploans Reviews

About Opploans

OppLoans was founded back in 2009 and is based in Chicago, Illinois, but it functions only as an online lending service.

Moreover, the company is labeled as a leading, socially-responsible online lender, given it offers fast personal loans that are higher in value than the competition and lower in interest rates as well.

It is a fast-growing company, operating on a dynamic market, respected by its customers and the lending industry alike.

The company is proud of the fact that it provides non-prime borrowers a reliable alternative to payday lending and works hard to make the lending process as simple as possible for its customers.


The company offers personal loans you are able to use to repair your car, pay bills, or make a major purchase.

In fact, you are likely to get approved for higher loans than for the other short-term lending services, ranging between $1,000 and $10,000, with maximal length of 3 years. Moreover, you will receive the funds fast - the following business day.

How Does It Work?

You are able to easily apply for online installment loans through a form on the OppLoans website, as opposed to the traditional lending process, where you have to make an appointment with your personal banker, go through many interview questions and wait for your request to be evaluated.

First, you create an account and provide your basic personal information, such as name, address, work and financial information on the lender’s website.

Then, you will receive your own customized loan offer, containing all of the information you need to make a decision – loan amount, interest rate, number of payments and total cost of the loan.

After you decide to accept the offer, you will verify the details of your application and move on to the next step. Once you are approved, you will be able to request the funds to be transferred to your bank account, open a line of credit, or to receive a mailed check.

You are able to check your account balance and terms of your loan agreement at any time by accessing the “My Account” page on the company’s website. When it comes to payments, they are usually made through payroll deductions.

Or, on the other hand, you have the option to apply for automatically debited payments via electronic transfer. Moreover, you will be able to save up on your interest payments, as there are no fees for prepayment of the loan.

Cost and Price Plans

The loan amount, interest rates and total loan cost depends on your credit score and the amount of money you need to lend. APR range from 36% to 199%, depending also on the state you live in. The loan terms also depend on your location, which go from 6 to 36 months.

It is estimated that the average loan with OppLoans is around $1,000, divided in 17 bi-weekly payments of $81, which is approximately around 99% interest rate.

Customer Service

If you have any questions, there is always the OppLoans customer support team at your disposal. You are able to call them via phone number on 1-800-990-9130 or 1-312-212-8079 or send an email to [email protected]

Online Reviews/Complaints

The OppLoans ratings are better than average – they have received an A+ grade on the BBB reviews and an excellent 4.9 and 4.8 out of 5 on Google and their Facebook page. 

OppLoans seems to be the most suitable option for borrowers with a credit score ranging from 640 to 850 and has a high approval rate for people who were previously denied for bad credit score.

Moreover, customers seem to be very pleased with the customer support representatives and they testify about the company’s efforts for the application and approval process to go smoothly and easily.

They also claim that this is the perfect way to a financial recovery, with no hidden fees, offering you the opportunity to improve your future credit score.

However, in order to qualify for their credit, you have to be over 18 years old and currently employed. Furthermore, OppLoans will opt out from providing loans to anyone in the military or students receiving scholarship.

On top of that, OppLoans does not operate in all states and offers only personal loans to its lenders.

Competitors and Alternatives

If you are looking for a personal loan to cover your short-term expenses and want the process to be easy and hassle free, you are also able to visit the LendUp website.

Besides that, you may also compare OppLoans vs Avant Credit or vs Credit Karma, two other companies providing the same type of service.

Where to Buy?

If you wish to apply for a personal loan with OppLoans, simply fill out the online form on the company’s website at www.opploans.com.


When you are looking to get a loan, you may be intimidated right away by the amount of time and the series of steps you need to take in order for you to get the approval from a bank.

Thankfully, there is an easier way to apply for a personal loan. Namely, a company named OppLoans offers quick funding with low interest rates and all you have to do is apply online on their website and make sure you have the qualifications.

Moreover, they also have an app that will be of help to you.

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