OppLoans is a loan provider and it offers fast funding loans without credit checks, though it comes with a high interest rate. It is considered a short-term installment loan provided by Opportunity Financial or OppFi.
This loan provider is a lender company that offers installment loans. It is located in Prudential Plaza, Chicago, Illinois, United States. To be eligible for an installment loan through this platform, you must receive your job paycheck through direct deposit. And the application is done only online and it doesn’t accept phone or in-person applications.
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OppLoans
When applying for a loan on this platform, you don’t need a credit score from FICO, VantageScore, or other major credit bureaus. The lender only looks into the information provided by Clarity Service. This is known as an offshoot of credit bureau Experian that accumulates reliable information from people who have low or bad credit scores.
Examples of the necessary information to be tendered include applicant history with online small-dollar lenders, payday loans, and auto title loans. User bank account transaction history and inquiries are information to be checked by the lender.
People living in New Mexico are exempted from the direct deposit requirement. Other than Mexicans, if you get paid in cash or any other method other than direct deposit, you will have to check on other loan platforms.
OppLoans Features
Below are some features of using this platform:
Mobile Friendly
Easily apply through the online application process
Fast Funding
When approved, you will get the money in your account as soon as the next business day
Loan amounts that make a difference
They offer loans from $500 to about $4,000
Personal Service
They treat their customers like family. There is a customer service to be reached in case of any technical difficulties or issues concerning the loan
OppLoans Requirements
No credit score is needed to qualify for a loan, but you must provide some relevant information. Below are the following requirements to qualify for a quick loan:
- There are no credit scores.
- Must have a minimum monthly gross income of about $1500.
- Applicants must provide bank information that includes a name with 40 days of the transaction history.
- You must have received your paycheck via direct deposit.
- Lastly, you must reside in the region or state where OppLoans operates.
With all these in check, you should be ready to receive a loan.
Factors to Determine You’re Approved for a Loan
When applying for a personal loan, the lender doesn’t check your credit reports with the three major credit bureaus: Equifax, Experian, and TransUnion. But instead, it relies on alternative credit reports from your Clarity Services which is part of Experian. The below factors determine if you will be approved for a loan:
- Employment status and income details
- Bank account info and financial history
That’s it.
How To Apply for OppLoan
It is an online loan provider that has an easy application method. However, you have to meet the eligibility requirements to pass the process of applying for a loan with the company. Follow the guide below to successfully get a loan offer with them:
- Launch your web browser
- Enter the URL opploans.com
- Click on Apply Now at the top right section close to the Login option
- Enter your full name and address, phone number, date of birth, social security number, and proof of employment and income
- Click on Create account
- Provide your bank name, number, and other bank details
- Next, click on Apply for Loan on your profile
- Check on the requirements and read the policy
- Click on Apply now
- Enter the figures you are applying for
- Provide the required information and upload necessary documents if needed
- And click on Apply
You will be notified if you got the loan, otherwise, check your provided details and apply again.
OppLoans Login
If you have already registered for the platform, then there are a number of activities you can check on the platform. Users can check their loan payment amount and date, apply for loans, trace loan history, etc. Below is how you can log in to the platform
- On your web browser head to opploan.com
- Click on Login
- Enter your user ID and password
- Hit the login button
And you will be logged in to your account.
OppLoan Alternatives
Here are some other loan platforms to check out:
- Avant
- Payoff
- Lend Up
- Cash Net the USA
- Rise Credit
- Speedy Cash
- Spot Loan
- Personal Loans
- Cash Advance
And many more.
