OppLoans Personal Loan Review 2025: What You Need to Know Before You Borrow
If you’re facing a financial emergency and need fast cash, you may have come across OppLoans. In this detailed review, we’ll cover how OppLoans works, what it offers, who it’s best for, and the pros and cons you should know before you apply.
What Is OppLoans?
OppLoans is a lender that provides unsecured personal loans to consumers with poor or limited credit history. Their loans are designed as an alternative to payday loans, but they come with very high interest rates. OppLoans operates in 40 states and focuses on helping people who might not qualify for traditional financing.
OppLoans Loan Terms and Amounts
- Loan Amounts: $500 to $4,000
- Loan Terms: 9 to 18 months
- Funding Speed: Same business day if approved before noon CST, otherwise next business day
- Origination Fee: None
- Late Fee: None (but interest still accrues)
These are short-term loans intended for emergencies, not long-term financing. Due to the extremely high APR, they should be repaid as quickly as possible.
OppLoans APR Range
OppLoans charges APR rates between 160% and 195%. Their rates have increased slightly from the previous year, when the maximum APR was 179%.
Important:
While OppLoans is cheaper than traditional payday loans, it is still a very expensive way to borrow money. Long-term use of these loans can lead to serious financial strain.
Credit Requirements for OppLoans
OppLoans does not require a minimum credit score to apply. They are known for lending to people with poor or damaged credit — with an average customer credit score around 580.
They pull credit data from:
- Experian
- Clarity Services (a credit bureau focused on non-prime consumers)
OppLoans conducts a soft credit inquiry during the application process (which won’t affect your score). However, if you accept the loan, it will trigger a hard credit inquiry.
Instead of relying solely on your credit score, OppLoans evaluates:
- Income and employment status
- Bank account activity (balance trends, volatility, risk of fraud)
- Payment history
OppLoans TurnUp Program
OppLoans offers a feature called TurnUp, which checks if you qualify for a loan with a lower APR (under 36%) from other lenders. If they find an alternative, they will redirect you to the other lender’s website.
However, industry observations suggest that less than 10% of applicants might benefit from TurnUp. It’s a useful tool, but don’t rely on it if you’re expecting better offers automatically.
Pros and Cons of OppLoans
Pros:
- No minimum credit score required
- Same-day or next-business-day funding
- No origination or late fees
- Soft credit pull for pre-qualification
- TurnUp feature offers a chance for better options
Cons:
- Extremely high APR (160%–195%)
- Only small loan amounts ($500–$4,000)
- Short repayment terms (up to 18 months)
- High overall cost if not repaid quickly
Is OppLoans Right for You?
OppLoans can be an option if:
- You need emergency cash fast
- You have bad credit and no better borrowing alternatives
- You can repay the loan quickly to minimize interest charges
However, if your credit score is above 640, you should likely qualify for better loan options with much lower rates.
Better Alternatives: Shop Before You Borrow
When you’re in the middle of a financial emergency, it’s easy to feel like you have no time to shop around. But comparing offers can save you hundreds or even thousands of dollars.
At The Yukon Project, we’ve made it easy. Visit our Lending Marketplace to check your offers from up to 40 lenders — all with a single application and a soft credit check that won’t hurt your score.
