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Oportun Personal Loans Review 2023| US News

Find the Best Personal Loans for You

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APR
Loan Amount
Min. Credit Score
Lender
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APR
Loan Amount
Min. Credit Score
Lender
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APR
Loan Amount
Min. Credit Score

You can use a personal loan from Oportun for many purposes, such as:

  • Home improvements.
  • Car repairs.
  • Rental deposits.
  • Medical bills.
  • Vacations.
  • Unexpected expenses.
  • Debt consolidation.

The lender does not publicly list any restricted uses for loan funds.

You can get prequalified for a personal loan from Oportun by providing some personal and financial information. This won’t affect your credit score. To complete the application, you’ll need to provide documents to verify employment and income, proof of address and more. Oportun tries to evaluate applications within one business day, and you’ll need to select your loan terms and sign loan documents to complete the process. Borrowers usually get their funds the day they are approved.

Oportun offers unsecured personal loans of $300 to $12,000, and borrowers may also be able to get secured personal loans of between $2,525 and $20,000 when you use your car title in eligible states. To get a secured loan from Oportun, you’ll need to have the car title to use as collateral.

The annual percentage rate on a personal loan from Oportun can be up to 35.99%. Oportun does not charge fees for applications or loan prepayment. Depending on where you live, either an origination fee or a tax stamp fee will be included in your APR. There are also fees for returned checks and late payments. After your application is approved, you can get your loan funds as a check or direct deposit.

Oportun has no credit history requirement for its personal loans. Oportun will review your credit history if you have one but says you may still be able to get a loan even after facing bankruptcy. To qualify, you must reside in one of the states where Oportun or Pathward originates loans.

Borrowers can find out if they’re prequalified for a loan without a hard credit check on the Oportun website. It also may be possible to add a co-signer to your personal loan.

Customers with no credit history or limited credit history can get personal loans from Oportun.

Oportun originates personal loans in Arizona, California, Florida, Idaho, Illinois, Missouri, New Jersey, New Mexico, Texas, Utah and Wisconsin. You can get a loan originated by Pathward in 30 more states: Alabama, Alaska, Arizona, Delaware, Georgia, Hawaii, Indiana, Kansas, Kentucky, Louisiana, Michigan, Minnesota, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Virginia, Vermont, Washington and Wyoming.

Oportun has an A+ rating with the Better Business Bureau. In 2021, the Consumer Financial Protection Bureau received 1,414 personal loan complaints about Oportun. Most issues concerned being charged unexpected fees or interest or problems making payments, and Oportun provided the CFPB with a timely response for all but 48 of the complaints. Of those complaints, 1,279 closed with explanation, 64 closed with nonmonetary relief, 63 closed with monetary relief, and eight received no timely response.

Oportun has an excellent rating of 4.8 stars (out of 5) on TrustPilot from over 5,400 reviews.

You can reach Oportun at 866-488-6090 from 8 a.m. to 8 p.m. Pacific Time Monday through Friday and from 9 a.m. to 7 p.m. PT Saturday and Sunday. There is also an online chat feature, and customers can text 650-425-3419 for help, as well.

Borrowers can prequalify and apply for Oportun personal loans online. You can also make loan payments online.

  • People with no credit history.
  • People who live in a state where the lender operates.
  • People who want to apply or prequalify for a loan online.

Sarah Goldberg
Sarah Goldberg

Sarah is a seasoned financial market expert with a decade of experience. She's known for her analytical skills, attention to detail, and ability to communicate complex financial concepts. She holds a Bachelor's degree in Finance, is a licensed financial advisor, and enjoys reading and traveling in her free time.

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