OppLoans: Fast Cash Up to $5,000 With No Hard Credit Check (2026)
- Min. Amount
- $500
- Max. Amount
- $5,000
- Turnaround time
- As soon as the same business day
Our verdict
These loans don’t require a hard credit check and help to build credit, but rates can be steep.
OppLoans offers loans up to $5,000, and it only requires a soft credit check to apply, so it won’t impact your credit score. It can also help build your credit because it reports your payment history to the major credit bureaus. It offers decisions within minutes and funding as soon as the same day you apply. But rates can reach as high as 195%, it may require bi-weekly payments and it’s not available in 10 states.
Best for: Borrowers with bad credit who want to improve their credit scores and can repay the loan early to save on interest charges.
Pros
-
No hard credit check
-
Helps to build credit
-
No origination fees
Cons
-
Rates as high as 195%
-
May require bi-weekly payments
-
Not available in all states
Is OppLoans legit?
Yes, OppLoans is a legitimate lending platform that services loans provided by its banking partners. It’s been accredited by the Better Business Bureau (BBB) since 2016 and has an A+ rating. Not only does OppLoans report your payments to all three credit bureaus, but it also has a standard privacy policy and safety features to help protect your sensitive information.
However, Opportunity Financial (OppFi), OppLoans’ parent company, has been involved in a number of class-action lawsuits and lawsuits by state governments. Plaintiffs alleged that OppFi is really a direct lender but hides behind partner banks when lending in certain states with interest-rate caps. The reason for this — plaintiffs say — is to get around those restrictions to charge triple-digit APRs.
Some of those lawsuits were dismissed due to arbitration clauses in the loan contracts, and some were settled by Opportunity Financial.
What makes OppLoans shine?
- No hard credit check. Most lenders conduct a hard credit check when you apply, which can hurt your credit score even if you’re denied loan approval. The soft credit check by OppLoans means no impact on your credit.
- Builds credit. OppLoans reports your payment history to the major credit bureaus, which can help you build or improve your credit score. A higher credit score means you can qualify for more competitive rates and terms down the road.
- No origination fees. Many lenders that offer loans to borrowers with poor credit charge origination fees up to 10% of the loan amount, but OppLoans doesn’t.
- Transparency. Unlike some lenders in this space, OppLoans is up front about its rates and terms. The range of rates, loan terms and loan amounts is clearly displayed for each state that OppLoans services.
Where OppLoans falls short
- High rates. Despite its transparency, interest rates range from 99% to 195%. By contrast, most personal loan APRs range from 5.99% to 35.99%. However, its rates are still far lower than most payday loans or installment loans.
- Bi-weekly payments. OppLoans may require you to make bi-weekly rather than the more traditional monthly payments.
- Not available in all states. If you live in one of the 10 states OppLoans doesn’t service, you aren’t eligible to apply for a loan.
- Relatively high loan amount. OppLoans minimum loan amount is $500, which may be more than you want to borrow. If you need a smaller loan amount, a cash advance app may be a better alternative.
OppLoans loan details
| Minimum credit score/credit range | No minimum |
| APR | 99% to 195% |
| Loan amount | $500 to $5,000 |
| Terms | 9 to 18 months |
| Approval turnaround | As soon as the same business day |
| Availability | Not available in: Colorado, Connecticut, Georgia, Iowa, Maryland, Massachusetts, New York, South Dakota, Vermont, West Virginia |
| Fees |
|
OppLoans contact info
| Phone number | 800-990-9130 |
| Customer service hours | Weekdays: 7 a.m. to 11 p.m. CT Weekends: 9 a.m. to 5 p.m. CT |
| info@opploans.com | |
| X, formerly Twitter | @Opp_Fi |
| OppLoans by OppFi |
Calculate your monthly loan payment
Use our loan repayment calculator to compare monthly payments and the total cost of the loan based on different rates and loan terms.
Monthly Repayment Calculator
See how much you'll pay|
Your loan
|
|---|
| Loan amount |
|
$
|
| Loan terms (in years) |
|
|
| Interest rate |
|
%
|
Fill out the form and click on “Calculate” to see your estimated monthly payment.
or
Compare more lendersBased on your loan terms
| Principal | $ |
|---|---|
| Interest | $ |
| Total Cost | $ |
How to qualify for OppLoans
OppLoans lists the following requirements to qualify for a loan.
- Be at least 18 years old
- Have a checking or savings account
- Have a regular source of income
- Get paid by direct deposit
- Live in a state that OppLoans services
How to apply
Follow these steps to apply for funding from OppLoans.
- Fill out the online application.
- Connect your bank account for income verification.
- Wait for a decision, usually within minutes.
- Receive funding if approved. Funds can arrive as soon as the same day.
Before OppLoans makes a decision, it only runs a soft credit check, which won’t affect your credit score whether you’re approved or not.
How OppLoans compares to other lenders
Compare other products
We currently don't have that product, but here are others to consider:
How we picked theseWhat is the Finder Score?
The Finder Score crunches 3+ types of short-term loans across 65+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.
To provide a Score, we compare like-for-like loans. So if you're comparing the best short-term loans for all credit types, you can see how each short-term loan stacks up against other short-term loans with the same borrower type, rate type and repayment type.
OppLoans reviews and complaints
| BBB accredited | Yes |
|---|---|
| BBB rating | A+ |
| BBB customer reviews | 3.49 out of 5 stars, based on 161 customer reviews |
| Trustpilot Score | 4.4 out of 5 stars, based on 5,474 customer reviews |
| Customer reviews verified as of | 17 February 2026 |
OppLoans has overwhelmingly positive reviews on the BBB and Trustpilot. Customers say the service is excellent, the process is easy and loan decisions are fast. Many also report receiving funds the same day they applied, and there are quite a few happy clients that have had multiple loans with the company.
The chief complaint, however, is that interest rates are too high, although several people acknowledge that’s pretty standard for bad credit loans. A few people also complained they didn’t get a larger loan or better rate on their second loan with the company.
What do people on Reddit say?
Frequently asked questions
Your reviews
Lacey Finder
Writer
Hi there, looking for more information? Ask us a question.
You are about to post a question on finder.com:
- Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
- finder.com is a financial comparison and information service, not a bank or product provider
- We cannot provide you with personal advice or recommendations
- Your answer might already be waiting – check previous questions below to see if yours has already been asked
Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our finder.com Terms of Use and Privacy and Cookies Policy.
This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.
nikkiangco
March 17, 2020
Hi James,
Thanks for your comment and I hope you are well.
Paycards are reloadable cards where employers put wages into the card instead of cutting a paper check or making a direct deposit to an employee’s bank account. Given this, it is not considered a bank account.
As it says above, one of the eligibility criteria of this account requires “a bank account in your name with at least 90 days of history.” Please check the terms and conditions of this product before lodging your application and reach out to Opploans should you have any account-related concerns.
Hope this helps and feel free to reach out to us again for further assistance.
Best,
Nikki
Show more Show less
Bryson
October 22, 2019
On the 25th of October will be my last payment. Will I be able to take out another loan? All my payments were made on time.
Charisse Finder
October 24, 2019
Hi Bryson,
Thanks for reaching out to Finder.
Opploans does offer refinances to eligible current customers. You will know if you are eligible to refinance if you see a “Refinance Now” option in your customer portal.
I hope this helps.
Cheers,
Charisse
Avery
October 11, 2019
How much interest does OppLoans charge on a personal loan?
Charisse Finder
October 13, 2019
Hi Avery,
Thanks for reaching out to Finder.
OppLoans offers loan amounts ranging from $500 to $4,000 with APR of 99-199%, depending on your state’s legal maximums. Your eligibility as well as the amount you can borrow and your APR will depend on your state of residence, your income and ability to repay, and your creditworthiness.
For more information about the product options Opploans offer in your state, please visit their Rates and Terms page on their website or contact them directly.
I hope this helps.
Cheers,
Charisse
Show more Show less
Amber
October 07, 2019
Is arrowhead loan legit?
nikkiangco
October 07, 2019
Hi Amber,
Thanks for getting in touch!
Arrowhead loan is not available on our page so we won’t be able to give information on the legitimacy of the provider. However, to avoid a personal loan scam, you can look out for red flags and warnings signs and compare lenders before making a decision.
You can also go to government websites like BBB and CFPB to conduct a search using the loan company’s name and other identifying information like the website URL, email, physical address or phone number and see if they are a registered loan company and if there were any complaints lodged against them.
Best,
Nikki
Show more Show less
David
September 11, 2019
When will I be able to refinance my loan? How many more payments do I have to make
nikkiangco
September 12, 2019
Hi David!
Thanks for your question! While we review Opploans in our pages, it’s helpful to know that aren’t able to check your account with them for you since we are not affiliated with them. It would be best to contact the customer service support of Opploans directly for further assistance.
Hope this clarifies and we hope they find a quick resolution for you!
With care,
Nikki
Show more Show less
James
March 17, 2020
Does a paycard that has routing info and allows direct deposits from multiple companies count as a bank account?