Loans (US)

Oportun Personal Loans review: what you need to know before applying

Check out the Oportun Personal Loans review article to learn all there is about it and decide if it could help you with your car repair, home improvement, or any other unexpected expense you might have.

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by Aline Augusto

Published on 05/31/2022

Oportun Personal Loans: affordable, fast, and easy funds for personal purposes 

Oportun Personal Loans might be great for those who need quick credit. Source: Oportun.
Oportun Personal Loans might be great for those who need quick credit. Source: Oportun.

Oportun is a company that focuses on helping people get credit. Besides the personal loans offered, it features credit cards, savings & investments options, tools, and educational articles. It considers all credit scores in the application process, and it offers fast prequalification with no impact on credit. The loans are affordable, and the funding is quick. So keep reading our Oportun Personal Loans review to learn how everything works!

APRLess than 35.99%
Loan PurposePersonal (for repairs, bill payments, vacations, and more)
Loan AmountsFrom $300 to $10,000
Credit NeededAll credit are considered
TermsIt varies
Origination FeeIt varies according to the State, terms, amount, and interest rate
Late FeeNot disclosed
Early Payoff Penalty$0
Oportun Personal Loans screenshot

How to apply for Oportun Personal Loans?

If you need quick funds to cover unexpected expenses, learn how to apply for an Oportun Personal Loan.

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How does the Oportun Personal Loans work and its benefits?

Keep reading our Oportun Personal Loans review. Source: Canva.
Keep reading our Oportun Personal Loans review. Source: Canva.

Oportun offers personal loans for all types of purposes and credit. The application is simple and secure, and the funding process is fast.

The amounts vary from $300 to $10,000, and you can use it for home improvements, car repairs, rental deposits, medical bills, vacations, and any other unexpected expenses you might have on your way.

The APRs are no higher than 35.99%. And the terms and fees applied to vary according to the State you live in, as well as other factors. 

Furthermore, it doesn’t charge any early payoff penalty. Origination and late fees are charged, though.

Unfortunately, the official website lacks further information about the terms and all fees associated with the loans offered.

Also, some loan amounts are unavailable in some States. For example, unsecured loans above $6,000 are not available in Florida. Plus, loans below $3,100 are not available in Georgia, and below $1,600 in Hawaii.

Other terms and conditions also vary according to the State. In Texas, secured loans are limited to $18,000.

So, check out the conditions before applying.

In addition to all, Oportun offers tools and educational articles for you to start getting credit, saving money, and using it responsibly.

Pros

  • Oportun offers quick loans for personal purposes;
  • The loans are affordable and easy to get;
  • All credit scores are considered;
  • It offers prequalification with no impact on credit;
  • It doesn’t charge a prepayment fee;
  • Also, it allows you to add a co-signer;
  • It provides tools and educational resources;
  • It has good customer service.

Cons

  • It doesn’t disclose all fees;
  • Fees and interest rates vary according to many factors, which might end up being high;
  • The service is not available in some States or is limited depending on the State.

What credit score do you need for Oportun Personal Loans?

All credit scores are considered. So, if you have a limited credit history, an Oportun Personal Loan might be excellent for you. 

How to apply for Oportun Personal Loans?

Follow the link below to learn how to apply for an Oportun Personal Loan and get the funds you need right away.

Oportun Personal Loans screenshot

How to apply for Oportun Personal Loans?

If you need quick funds to cover unexpected expenses, learn how to apply for an Oportun Personal Loan.

About the author

Aline Augusto

My name is Aline Mesquita; I'm a writer here on the blog, where I write about finance in general and other subjects. I have been working with content creation for ten years. Also, I'm post-graduated in Project Management, with expertise in SEO practices. Currently, I am studying finance, market trends, and cryptocurrencies.

Reviewed by

Aline Barbosa

Senior Editor

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