OppLoans Personal Loan Review
pros and cons
requirements
To get an
How to get a personal loan with
Applying for an
How compares to other personal loan companies
Even if you believe stacks up against similar lenders.
| Lender | Upstart | ||
|---|---|---|---|
| LendingTree’s rating | /5 | 3.2/5 | /5 |
| Minimum credit score | None | ||
| APRs | 7.23% to 24.00% | ||
| Loan amounts | Not specified to $125,000,000 | ||
| Repayment terms | months | months | 12 or 84 months |
| Origination fee | |||
| Funding timeline | Get money as soon as the same business day | Get money as soon as the same business day | Get money as soon as the next business day |
| Bottom line | While doesn’t charge origination fees, its high APRs and short repayment terms may make it hard to repay your loan. | Although it does charge a one-time origination fee, offers much lower interest rates, larger loans and longer repayment terms than OppLoans on a similar timeline. | Like , Upstart also offers much lower rates and longer repayment terms than OppLoans. Consider Upstart if you need a large loan — it offers up to $75,000, which is well above the $5,000 maximum from OppLoans. |
How we rated
We evaluate personal loan lenders on more than just interest rates. Our goal is to show how accessible, affordable, transparent and supportive each lender really is.
Our categories
Every lender is scored out of 5 stars, with 5 stars being the highest rating. LendingTree loan experts determine this score using dozens of underlying data points across four weighted categories covering the full borrowing journey.
We assess how easy it is for people to qualify and apply. This includes state availability, soft-credit prequalification, membership requirements, funding speed and whether borrowers with less-than-excellent credit can get a loan.
We evaluate how affordable the loans are based on minimum and maximum APRs, loan fees and rate discounts. Lenders with unclear or potentially predatory costs receive lower scores.
We consider repayment term flexibility, loan amount ranges and whether options like secured loans, joint loans or direct-to-creditor payments are offered — plus whether the lender clearly communicates these options.
We evaluate borrower experience after funding: customer service access, hardship or forbearance programs, payment flexibility and digital tools like mobile apps or credit monitoring.
Our process
We gather data directly from lenders through their websites, disclosures and direct communication with company representatives. Our editorial team verifies and updates information regularly. We value transparency and award less favorable scores when lenders obscure or omit details.
In some cases, our editors may apply a small adjustment (no more than 4% of the overall score) to account for factors not captured by the methodology. This could include J.D. Power customer satisfaction surveys, recent regulatory actions or features that stand out in ways our rubric doesn’t measure directly.
Our editorial team applies the same scoring model and standards to every lender. Lenders cannot pay to influence our ratings.
Frequently asked questions
Yes, OppFi ( rates are expensive, and you can find cheaper loans with other bad credit installment lenders.
charges high rates that make their loans expensive.
reports payments to all three credit bureaus, so making on-time payments will likely boost your credit score. But the opposite is also true — if you miss payments or default on your loan, your credit will take a significant hit.
You can only borrow , which is on the low end compared to other personal loans. Lenders typically offer up to $50,000, but some offer up to $100,000 or even $250,000.
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