Oportun Loans: A Closer Review

Oportun offers quick, accessible loans for those with bad credit, but watch for high APRs.

Oportun Loans: A Closer Review


Oportun offers loans and lines of credit designed for individuals with bad credit or limited credit history. Key features include:

  • Credit Flexibility: No minimum credit score is required for loan approval.
  • Loan Range: Offers small loans from $300 to $18,500.
  • APR: Rates vary up to a maximum of 35.95%.
  • Pre-qualification: Potential borrowers can check eligibility without impacting their credit score.
  • Funding Time: Loans are funded within 1 - 2 business days.
  • Co-signers: The inclusion of a co-signer is allowed to improve terms potentially.


The primary advantages of Oportun loans are:

  • Accessibility: Designed for users with bad or no credit history.
  • Quick Funding: Short waiting period for loan disbursement.
  • Pre-qualification: Enables applicants to gauge eligibility without a credit hit.
  • User Ratings: Generally favorable reviews with an average rating of 4.0/5.

Product Summary

Oportun is a lending option for individuals facing challenges securing traditional loans due to credit issues. By not requiring a credit score for approval and allowing loans to those with bad credit, Oportun fills a vital niche. However, the loans come with relatively high APRs and are not the most transparent about fees. The loan amounts are modest, and the services are available in 41 states. While Oportun may offer a better alternative to payday loans, potential borrowers must weigh the costs and benefits carefully, considering the high-interest rates and limited loan amounts. Despite these factors, Oportun's quick funding times, the option for co-signers, and the ability to pre-qualify make it a consideration for those with few other borrowing options.

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