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Loans like Oportun

Explore 10 Canadian lenders offering alternative loans to the US lender, Oportun.

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Bree Early Pay

Bree Early Pay logo
  • Access up to $250
  • No interest or required fees
  • No credit check required
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Since 2006, Oportun has helped lower income borrowers in the US establish credit through its personal and secured loans. Unlike payday lenders which can charge APRs in excess of 300%, Oportun’s APRs are capped at 35.99%, which makes its loans more affordable for people with bad credit.

Since Oportun is not available in Canada, these alternatives offer equally competitive rates and in some cases, no finance fees or interest. Like Oportun, many have no minimum credit score requirements and offer fast turnaround on loans – sometimes as soon as the same day.

Is Oportun in Canada?

No, Oportun is not available in Canada, but is only offered to US residents. The company is based San Carlos, California and has offices in every state across the US. Oportun hasn’t given any indication that it plans to expand into Canada.

10 loans like Oportun

  • Alternative for fee-free pay advance: Bree
  • Alternative for fast pay advance: Nyble
  • Alternative loan broker for fast pre-approval: LoanConnect
  • Alternative loan broker for debt consolidation: Loans Canada
  • Alternative for fast payday loans:
  • Alternative for emergency loans: GoDay
  • Alternative for peer-to-peer loans: goPeer
  • Alternative for in-store payday lender: Cash Money
  • Alternative for overdraft protection: KOHO
  • Alternative for installment loans: LoansLoans.ca

Alternative for fee-free pay advance: Bree

Bree Early Pay
Not yet rated
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Bree Early Pay

$20 – $250
Loan amount
Starting at 0%
APR
Next pay cycle (61 days max.)
Term
Bree lets you borrow a small amount of up to $250 to help you cover expenses until your next payday. Unlike Oportun, Bree won't charge any interest, but there is a small fee if you need funding within a few hours.
  • Easy application process
  • No credit checks
  • 0% interest and no late fees
  • Loan amount may not be enough for your needs
  • Monthly fee for Bree's budgeting tool
  • Fee for fast transfers
  • May not improve your credit, unlike Nyble
Loan amount $20 – $250
APR Starting at 0%
Term Next pay cycle (61 days max.)
Fees No interest or fees to access cash advance, fee for express funding (varies based on advance)
Turnaround time Within 8 hours for the express option (fee charged based on advance amount) and up to 3 business days for standard delivery

Alternative for fast pay advance: Nyble

Nyble Credit Line
Not yet rated
Go to site Read review

Nyble Credit Line

$30 – $150
Loan amount
Starting at 0%
APR
30 days, extendable
Term
Apply online for an interest-free line of credit of up to $150 to cover small expenses and build your credit. Get funds in 1-3 business days with a free account. For $11.99 per month, get access to premium services, including funding in 1-30 minutes, a free Equifax credit report and identity theft protection.
  • No credit check required
  • No application fee
  • No late payment fee
  • More affordable than payday loans
  • $11.99 per month for fast transfers, full credit report and other premium perks
  • Small loan amounts only
Loan amount $30 – $150
APR Starting at 0%
Term 30 days, extendable
Fees No interest or fees to access credit line, optional $11.99/month membership to get premium services such as instant funding
Turnaround time 1-30 minutes with a paid membership or 1-3 business days with a free membership.

Alternative loan broker for fast pre-approval: LoanConnect

LoanConnect Personal Loan
Finder Score:
★★★★★
Customer Survey:
★★★★★
Go to site
$500 – $50,000
Loan amount
8.99% – 46.96%
APR
3 - 120 months
Term
Unlike Oportun, LoanConnect is a loan broker that maintains a large database of lenders and matches you with several offers based on your unique profile. Get your loan as soon as the same day.
  • Easy online application
  • Quick deposits
  • High loan amounts of up to $50,000
  • No collateral required to secure your loan
  • Interest rates can reach as high as 46.96%
  • No online quotes provided
Loan amount $500 – $50,000
APR 8.99% – 46.96%
Term 3 - 120 months
Min. credit score 300
Fees No application, origination or brokerage fees
Origination fee 0
Turnaround time Receive funds within as little as 24 hours.
Serviced provinces All provinces

Alternative loan broker for debt consolidation: Loans Canada

Loans Canada Personal Loan
Finder Score:
★★★★★
Customer Survey:
★★★★★
Go to site
$300 – $50,000
Loan amount
6.99% – 46.96%
APR
3 - 60 months
Term
Loans Canada is another broker option that offers loans for all types of borrowers, including people with fair or bad credit. Fill out an application to get matched with lenders that are open to financing you.
  • Easy online application
  • Quick deposits
  • High loan amounts of up to $50,000
  • No collateral required to secure your loan
  • Interest rates can reach as high as 46.96%
  • No online quotes provided
Loan amount $300 – $50,000
APR 6.99% – 46.96%
Term 3 - 60 months
Min. credit score 300
Fees No application, origination or brokerage fees
Origination fee 0
Turnaround time Receive funds within as little as 24 hours.
Serviced provinces All of Canada
⚠️ Warning: Be cautious with payday loans
High-cost payday loans are unsustainable for borrowing over a continued period of time and are expensive as a means of longer-term borrowing. View payday costs and regulations by province here. If you're experiencing financial hardship call Credit Counselling Canada for free financial counselling (Monday-Friday 8:00am-5:00pm at +1 866-398-5999). You may also want to consider payday loan alternatives.

Alternative for fast payday loans: iCash

iCash Payday Loan

$100 – $1,500
Loan amount
7 – 62 days
Loan Term
2 minutes
Min. Turnaround Time
iCash provides quick funding and accepts non-employment income. You can get e-Transfer funding in as little as 2 minutes after approval. Unlike Oportun, iCash provides payday loans, allowing you to borrow up to $1,500 at a more expensive rate.
  • 4.8/5 stars based on over 2,100 Trustpilot reviews
  • Get money within an hour
  • Get funded 24/7
  • Payday loans are expensive
  • Short repayment terms
  • Only available in AB, BC, MB, NB, NS, ON, PEI
Loan amount $100 – $1,500
APR Varies by province
Term 7 - 62 days
Min. Turnaround time As little as 2 minutes with INTERAC e-Transfer®
How to apply Online
In Store
Credit Check Yes

Alternative for emergency loans: GoDay

GoDay Payday Loan

$100 – $1,500
Loan amount
1 – 62 days
Loan Term
2 minutes
Min. Turnaround Time
GoDay offers payday loans you can apply for and get approved for within minutes. Once approved, loan funds can be transferred within minutes. While Oportun offers personal loans, GoDay in contrast offers payday loans, which means you can only borrow up to $1,500.
  • 4.5/5 stars based on over 2,300 Trustpilot reviews
  • Get loan funds via e-transfer
  • Apply and get funding 24/7
  • Very expensive APR
  • Can easily trap customers in a cycle of debt
  • Only available in AB, BC, MB, NB, NS, ON, PEI, SK
Loan amount $100 – $1,500
APR Varies by province
Term Up to 62 days
Min. Turnaround time As little as 2 minutes with INTERAC e-Transfer®
How to apply Online
In Store
Credit Check Yes

Alternative for peer-to-peer loans: goPeer

goPeer Personal Loan
Finder Score:
★★★★★
Go to site
$1,000 – $35,000
Loan amount
8.99% – 34.99%
APR
36 - 60 months
Term
goPeer is a peer-to-peer network that lets Canadians borrow from other Canadians instead of big lenders. Keep looking if you have bad credit because, unlike Oportun, goPeer only offers loans to borrowers with good to excellent credit.
  • Anonymous application
  • 15-day grace period for unexpected events
  • No prepayment penalties
  • High credit score required
  • Rates as high as 34.99%
  • Origination fee baked into APR
Loan amount $1,000 – $35,000
APR 8.99% – 34.99%
Term 36 - 60 months
Min. credit score 600
Fees Origination fee varies
No application or prepayment fees
Turnaround time Receive a response within 24 hours of your loan application
Serviced provinces All provinces

Alternative for in-store payday lender: Cash Money

Cash Money Payday Loan

$100 – $1,500
Loan amount
5 – 40 days
Loan Term
15 minutes
Min. Turnaround Time
Cash Money offers loan amounts up to $1,500 at higher rates than Oportun through its payday loans. Get instant approval and funding in as little as 15 minutes when you use the Cash Money app.
  • Instant decisions
  • Fast access to funds
  • Established lender with A+ Better Business Bureau rating
  • Not available in all provinces
  • High cost of borrowing
Loan amount $100 – $1,500
APR Varies by province
Term 5 - 40 days
Min. Turnaround time As little as 15 minutes with INTERAC e-Transfer®
How to apply Online
In Store
Credit Check Yes

Alternative for overdraft protection: Koho

KOHO Cover
Not yet rated
Go to site
$20 – $250
Loan amount
Starting at 0%
APR
Flexible
Term
Get a zero-interest cash advance ranging from $20 to $250 when you pay a subscription fee starting at $2/month. You'll need a KOHO account to access this service.
  • No late fees
  • 0% interest
  • No impact on credit score
  • Free financial coaching service
  • KOHO savings account required
Loan amount $20 – $250
APR Starting at 0%
Term Flexible
Fees subscription fee starting at $2/month
Turnaround time Immediately
Serviced provinces All provinces and territories

Alternative for installment loans: LoansLoans.ca

LoansLoans.ca Installment Loan
Finder Score:
★★★★★
Go to site
$500 – $1,000
Loan amount
28% – 32%
APR
3 months
Term
LoansLoans.ca offers fast short-term installment loans with no credit check. NCR Financial, the company that operates LoansLoans.ca, has been in business for over 15 years and is registered in Quebec.
  • Apply online and get approval within one hour
  • Interest rates can reach as high as 32%, which may be lower than Oportun
  • Services: All of Canada (except Manitoba)
  • Small loan amounts between $500 and $1,000
  • The broker fee can be as high as $300
Loan amount $500 – $1,000
APR 28% – 32%
Term 3 months
Min. credit score 300
Fees Late payment fee (2.66% per month), $45 NSF fee, broker fee
Origination fee $300
Turnaround time Receive funds in less than 24 hours
Serviced provinces All of Canada (except Manitoba)
Maximum borrowing costs of payday loans per province
Always refer to your contract for exact repayment amounts and costs.
Province Max. cost of borrowing a $100 payday loan Cooling off period to cancel loan Max. penalty for returned cheque or pre-authorized debit
Alberta $15 2 business days $25
British Columbia $15 2 business days $20
Manitoba $17 48 hours excluding Sundays and holidays $20
New Brunswick $15 48 hours excluding Sundays and holidays $20
Newfoundland and Labrador $14 2 business days $20
Nova Scotia $15 Next business day (2 days for online loans) $40 (default penalty)
Ontario $15 2 business days $25
Prince Edward Island $15 2 business days N/A
Quebec Limit of 35% AIR N/A N/A
Saskatchewan $17 Next business day $25

How does Oportun work?

Oportun may be a good option for US residents that don’t have a credit score or a bank account. It disperses loan funds between $300 and $10,000 via a cheque or prepaid debit card at any physical Oportun location. Oportun offers bilingual support in English and Spanish.

But unlike other lenders, frequent repayments are required. For example, borrowers may be required to make loan repayments every two weeks instead of once a month. Oportun also charges a loan origination fee.

If you’re looking for a Canadian alternative that offers a similar loan product, you may want to consider another personal loan or payday loan lender or use a cash advance app for interest-fee and finance-fee-free payday advances.

Pros of Oportun

  • Bilingual support. Oportun’s customer support team has bilingual members that speak English and Spanish and its website offers text in English and Spanish.
  • Bank account not required. If borrowers don’t have a bank account, Oportun can deliver loan funds through a cheque in the mail or at a local branch via a prepaid debit card.
  • No collateral required. Oportun offers both secured and unsecured loans, so collateral is optional.
  • All credit welcome. Oportun offers loans to people with bad credit and to those without a credit score.

Cons of Oportun

  • Origination fees. Borrowers have to pay an origination fee with an Oportun loan.
  • Repeat borrowing encouraged. Longer terms and higher loan amounts are available to repeat customers, but that can create a cycle of debt.
  • Frequent repayments required. Borrowers may be required to make bi-monthly payments on an Oportun loan.

How to decide on an Oportun alternative that’s right for you

Since Oportun isn’t an option for us Canadians, it’s important to decide on the right alternative for your needs.

You’ll first need to decide what type of loan to apply for given how much you need. If you need just a small amount to get you through to the next payday, consider a pay advance loan from Nyble or Bree.

If you need to borrow a larger amount and your credit score isn’t in great shape, consider bad credit personal loans from brokers like LoanConnect and Loans Canada or installment loans from lenders like LoansLoans.ca.

It’s usually best to avoid payday loans when possible because they’re one of the most expensive borrowing options on the market and can easily trap borrowers in a cycle of debt.

Compare other personal lending options

1 - 8 of 8
Name Product Ratings APR Range Loan Amount Loan Term Broker Compliance Requirements
Spring Financial Personal Loan
Finder Score:
★★★★★
Customer Survey:
★★★★★
10.8% - 46.99%
$500 - $35,000
6 - 60 months
Requirements: min. income $1,800/month, 3+ months employed, min. credit score 500
Loans Canada Personal Loan
Finder Score:
★★★★★
Customer Survey:
★★★★★
6.99% - 46.96%
$300 - $50,000
3 - 60 months
Loans Canada is a loan search platform with access to multiple lenders. Applicants will be matched with a suitable lender based on credit history and borrowing requirements.
Requirements: min. credit score 300
LoanConnect Personal Loan
Finder Score:
★★★★★
Customer Survey:
★★★★★
8.99% - 46.96%
$500 - $50,000
3 - 120 months
LoanConnect is a loan search platform with access to multiple lenders. Applicants will be matched with a suitable lender based on credit history and borrowing requirements.
Requirements: min. credit score 300
easyfinancial Personal Loan
Finder Score:
★★★★★
Customer Survey:
★★★★★
9.99% - 46.96%
$500 - $100,000
9 - 120 months
Requirements: min. income $1,200/month
Mogo Personal Loan
Finder Score:
★★★★★
Customer Survey:
★★★★★
9.90% - 46.96%
$500 - $35,000
6 - 60 months
Requirements: min. income $35,000/year, min. credit score 600
SkyCap Financial Personal Loan
Finder Score:
★★★★★
Customer Survey:
★★★★★
12.99% - 39.99%
$500 - $10,000
9 - 36 months
Requirements: min. income $1,666.67/month, full time employment/pension, min. credit score 575, no bankruptcy
goPeer Personal Loan
Finder Score:
★★★★★
8.99% - 34.99%
$1,000 - $35,000
36 - 60 months
Requirements: recommended income $35,000/year, no payday loan debt, min. credit score 600, min. 5-year credit history. (Avg. approved rate of 15.80%)
getloanapproved.com Vehicle Title Loan
Finder Score:
★★★★★
9.95% - 29.00%
$1,000 - $50,000
12 - 72 months
Requirements: Vehicle must be 10 years old or newer, and must not be financed or leased.
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