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Online Personal Loans
Online loans for a better financial future. Our goal is to make sure every borrower has the support they need.
Testimonials reflect the individual's opinion and may not be illustrative of all individual experiences with OppLoans.
Explore your personal loan options with OppLoans
Applying does NOT affect your FICO® credit score!2
Tell Us About Yourself
Fill out our fast and easy online loan application.
Verify Your Income
Securely connect your bank account.
Get a Quick Decision1
We’ll use the information you provide to see if we can find you a match.
Same-Day Funding Available
If approved, you may receive money in your account as soon as the same business day!1
Verify Your Income
Securely connect your bank account.
Get a Quick Decision1
We’ll use the information you provide to see if we can find you a match.
Same-Day Funding Available
If approved, you may receive money in your account as soon as the same business day!1
What can I use an online loan for?
Online loans to tackle bills like:
How to Choose an Online Personal Loan Lender
When you’re in a difficult financial situation, an online personal loan from a trustworthy lender can help you regain control of your finances. That’s why it’s important to find the best lender for your needs.
- Speed: We want to get you back on track as soon as possible. If you meet our eligibility requirements, you’ll know if you’ve been approved for an online loan in minutes. Approved OppLoans applicants may receive their online loan as soon as the same business day.1
- Affordability: Payday5 Loans average an APR of 400%. The typical APR of an installment loan through OppLoans is less than half the average payday loan.4
- Customer Service: Don’t just take our word for it, OppLoans is highly rated on Trustpilot and LendingTree for our unmatched customer service.3 Our Loan Advocates want to answer all your questions.
- Mobile Friendly: Apply for an online loan through OppLoans on your phone or computer. Simply click Apply Now to get started.
- No Hard Credit Inquiries: Applying for an online loan through OppLoans won’t impact your FICO credit score.2
Three Types of Online Loans to Know About
As you’re looking to take out an online loan, you’ll want to make sure you know the ins and outs. Here’s a breakdown of three different types of online loans you may encounter.
Typical Installment Loans:
- An installment loan can be used to pay for a large expense like a car repair.
- Installment loan principals can range from small dollar amounts to thousands of dollars.
- APRs may depend on the borrower’s creditworthiness, this can range from single to triple digit interest rates.
- Installment loans are often repaid over months, not weeks.
- The majority of installment loans are unsecured (meaning the borrower does not have to offer a car or paycheck as collateral).
Typical Payday Loans:5
- Payday Loans are short-term, high-cost loans.5
- Payday Loan principals typically range from $100-1,000.
- Payday Loan APRs can be 400% with terms that are only two weeks.5
- Payday Loans are often secured by the borrower’s paycheck.5
Typical Debt Consolidation Loans:
- Debt Consolidation Loans are typically a larger loan secured at a lower interest rate than other debts carried by the borrower.
- Debt Consolidation Loans are often for higher amounts because they’re meant to consolidate many smaller debt amounts.
- The APRs of Debt Consolidation Loans are variable. However, debt consolidation loans are only advisable if you can secure a lower interest rate than the interest rate of your other debts.
- The terms of Debt Consolidation Loans are also variable, but it is often recommended to seek a debt consolidation loan with flexible terms.
- Debt Consolidation Loans are most typically unsecured.
FAQs
Online loans are personal unsecured installment loans offered by online lenders and some traditional banks. From lines of credit to cash advances, credit comes in all different shapes and sizes depending on the lender and needs of the borrowers.
Online loan offers should clearly disclose the loan’s APR (annual percentage rate), the term, and any fees, such as finance charges.
Personal loans can help you achieve many different types of financial goals. Maybe you’re looking for a loan to help consolidate debt from multiple credit cards, or maybe you need to fund an expensive home improvement or car repair. The right online loan may also help you build credit.
OppLoans gives customers the chance to tackle:
Understanding the terms and conditions of a loan is important, no matter your financial situation.
Borrowers should always be clear on the interest rate, repayment terms, and whether or not the lender will run a hard or soft credit check.
We truly care about our customers and work hard to be flexible for each of our customer's unique situations. We want to make sure borrowers get the best loan from one of our bank partners made through the OppLoans Lending Platform.
Unlike some financial institutions (and quite unlike payday loans5), bank partners don't charge origination fees or prepayment fees on loans originated through the OppLoans Lending Platform. Loans originated through the OppLoans Lending Platform charge simple, fixed rate interest and contain no hidden fees.
Loans made by our bank partners through the OppLoans Lending Platform do not base funding decisions exclusively on FICO credit scores or credit history.
Further, OppLoans reports payments to all three major credit bureaus to help borrowers in good standing build their credit history.6
Still have questions? Get in touch
Email for New Customers
For questions relating to pre-application, application, and refinance:
Email for Existing Customers
For questions about an existing account, including payments:
Learn More About OppLoans
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