Please note: You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.
Late repayments can cause you serious money problems. See our debt help guides.
Oplo loans calculator and review
If you've been declined elsewhere, Oplo (formerly 1st Stop) may still consider you for an unsecured loan if you're a homeowner and can afford the repayments.
Calculate the cost of an Oplo loan
What's in this guide?
What is Oplo Loans?
Oplo (formerly 1st Stop Personal Loans) is the personal lending arm of the Oplo Group, which also offers home loans and car finance. It offers unsecured personal loans from £2,000 to £15,000 to homeowners, which can be used to fund things like home improvements, a car or to pay off existing debts.
How do Oplo loans work?
You can apply online for a fixed-rate personal loan from Oplo and get a decision in principle in minutes, without affecting your credit score. Our Oplo loan calculator will help you work out how much you could pay back on an unsecured Oplo loan each month and overall.
If you’re approved for a personal loan with Oplo, it will act as a direct lender or as a broker for one of its panel of lenders.
Key features of Oplo personal loans
| Loan type | Unsecured Personal Loan |
|---|---|
| Loan amounts | £2,000.00 to £15,000.00 |
| Loan terms | 2 Years to 7 Years |
| Loan rate type | Fixed |
| Product fee | 0% |
| Same day funding available | |
| Instant decisions in most cases | |
| Soft-search facility available | |
| Joint applications | |
| Overpay without penalty | |
| Concurrent loans allowed | |
| Topping-up pays off existing loan and initiates a new loan | |
| Repayment methods | Direct Debit |
Interest rates are fixed for the duration of your repayment period; however, the rate you’re offered will depend on factors such as the amount you apply for, the term of the loan, your credit rating and your income. It may differ from the advertised “representative APR”.
What is APR?
The annual percentage rate is designed to provide an annual summary of the cost of a loan. It takes into account both interest and any mandatory charges to be paid (for example an arrangement fee) over the duration of a loan.
All lenders must calculate the APR of their products in the same way and must tell you the APR before you sign an agreement, so it can be a handy tool for comparison.
Lenders are only obliged to award their advertised representative APR to 51% of people who take out the loan – the other 49% could pay more. That’s why it’s often referred to as representative.
Am I eligible for an Oplo personal loan?
You should only apply for an Oplo personal loan if you’re certain you can meet the repayment terms. You must also meet the following criteria:
- Be aged 21 years or over
- Be a permanent UK resident
- Be in permanent paid employment
- Earn a gross annual income greater than £15,000 per annum
- Not be bankrupt, under a current IVA or on a debt management arrangement
How can I apply?
Complete the simple application form online with details of your annual income, monthly outgoings, employment and address history for the last five years. You will receive a decision in principle within minutes, and your loan agreement will be emailed to you to sign and return.
An adviser may call you if additional information is required to determine your ability to afford the repayments. You may be asked to verify your employment and bank details. Once this has been completed, if you’re approved, the funds will be transferred to your bank account.
Oplo Loans for bad credit
While you may be eligible for a Oplo personal loan if you have bad credit, you will need to pass a series of credit checks in order to receive a loan. Oplo will conduct a soft credit search when you first apply for a personal loan and then conduct a hard credit search once your loan has been approved in principle.
Oplo Loans customer reviews
Oplo has received mixed customer reviews according to sites like Trustpilot, Feefo and Choose Wisely. While Oplo has a rating of 4.8 out of 5 on Feefo (from over 450 reviews), it only has a rating of 1.4 on Choose Wisely and a rating of 2.3 from Trustpilot.
Frequently asked questions
Will you be approved?
Check your personalised rates and likelihood of acceptance.
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