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

Will you be approved?

Check your personalised rates and likelihood of acceptance.
Name Product Total Payable Monthly Repayment Representative APR Link
Oplo Homeowners Unsecured Loan
Check eligibility
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 26.9% p.a. (fixed). Representative APR 26.9% and total payable £14,135.04 in monthly repayments of £392.64.

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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.

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 to homeowners, which can be used to fund things like home improvements, a car or to pay off existing debts.

Oplo loan rates at a glance

The Oplo Homeowners Unsecured Loan charges 26.9% APR representative on loans between £2,000 and £15,000. Oplo offers the loan with repayment terms between 2 and 6 years and applicants can apply to borrow from £2,000 to £15,000.

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 typeUnsecured Personal Loan
Loan amounts£2,000.00 to £15,000.00
Loan terms2 Years to 6 Years
Loan rate typeFixed
Product fee0%
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 methodsDirect 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.

Oplo customer reviews

Oplo has received mixed to positive reviews from customers, according to review platforms like Trustpilot and Feefo. It currently has a Trustpilot rating of 3.5 out of 5, based on over 30 reviews, which is considered an “average” rating overall (updated 26 October 2020).

However, Oplo has more positive reviews from customers on Feefo, with an average rating of 4.8 out of 5 based on over 900 reviews (updated 26 October 2020). Customers cited the good customer service and helpful staff as positives, but also noted the high interest rates offered on Oplo loans.

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

What credit score do I need to get an Oplo loan?

Oplo typically offers loans to applicants with fair or poor credit ratings (if you have good credit, you may be able to get better rates elsewhere). It's important to note that your credit record is just one factor that Oplo will consider, however.

A "Fair" or "Poor" (or "Very poor") credit rating means a score below 881 if you're referring to Experian's scale, 531 if you're referring to Equifax's scale and 604 if you're referring to TransUnion's scale.

Do Oplo loans give an instant decision?

Yes, Oplo offers instant decisions online in most cases (occasionally more information may be required). First, you can use the soft search eligibility checker to find out your chances of getting approved (this won't affect your credit score). Then, if you opt to go ahead and apply, you'll get an instant answer.

Can I get a second Oplo loan?

Oplo doesn't allow you to run multiple loans at the same time. However, Oplo does allow you to effectively "top up" your loan, by closing your current loan and starting a new, larger loan. There's no penalty for repaying ahead of time, but bear in mind that overpayments may be subject to up to two month's of interest beyond the date on which you overpay. Don't forget, each application for credit will be considered on its own merit.

Can I make overpayments on an Oplo loan?

Yes, you can make overpayments without incurring any penalty fee. However Oplo can continue to charge interest for up to two months on any sums overpaid, so although making overpayments stands to save you money in interest, you may not save quite as much as you'd imagined.

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 mostly positive reviews from customers, according to sites like Trustpilot and Feefo. Oplo has a rating of 4.9 out of 5 on Feefo, from over 880 reviews, and a Trustpilot rating of 4.4 out of 5, based on more than 120 reviews (updated 8 April 2021).

Frequently asked questions

Will you be approved?

Check your personalised rates and likelihood of acceptance.

Finder.com has selected Accepty Technology Ltd to provide details of credit products and whether you may be eligible to get them. Accepty Technology Ltd is authorised and regulated by the Financial Conduct Authority (FRN: 839295). Accepty is acting as a credit broker, not a lender, and may receive a payment from a credit provider if you take out a credit product.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

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