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OpportunityFinancial Overall rating: ★★★★☆ 3.7 based on 21 reviews.
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Online Payday Personal Consumer Loans up to $5,000

Easy Application, Fast Processing, Quick Approval, Any Credit Score

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Opportunity Financial (also known as OppLoans) is a lender based in Chicago that offers personal installment loans ranging from $500 to $4,000 with no collateral required. The maximum repayment term for a personal installment loan is 36 months. Their APR ranges between 59%–199% and varies by state. The lender positions itself as a safer and trusted alternative to payday loans – at a lower rate.

Company name Opportunity Financial, LLC
Founded 2009
Address 130 E Randolph St, Suite 3400, Chicago, IL 60601
Phone number (800) 990-9130



  • Provide installment loans only
  • Wide state availability
  • Relatively high APR rates
  • There are no prepayment penalties
  • Builds credit and reports to Equifax, Experian and TransUnion
  • You must have a stable income and bank account
  • Bad or poor credit is not an obstacle to approval
  • Flexible repayment plans
  • Applying doesn’t impact FICO credit scores
  • An A+ rating with the Better Business Bureau
  • Course on financial literacy


  • Interest rates are much higher than traditional personal loans
  • Must receive income through direct deposit
  • The maximum loan is $4,000
  • Minimum monthly income varies by state
  • Bank account must be at least 90 days old

Bottom line

OppLoans personal loans are suitable for consumers who have poor or bad credit scores, who need to borrow no more than $4,000 or less and who need funding quickly. The application process is quick and easy but in many cases, borrowers will be able to find more favorable terms elsewhere.

Types of loans

Opportunity Financial offers personal loans that can be used for various purposes, including:

  • Medical expenses
  • Car repairs
  • Household expenses
  • Paying rent
  • Consolidating and paying off other loans
  • Major purchases

Loan requirements

Requirements to apply for Opportunity Financial personal loan:

  1. Be U.S. citizen or permanent resident
  2. Be at least 18 years of age (19 in Alabama and Nebraska)
  3. Have at least three months’ of employment
  4. Have income history for approval
  5. Be not a covered borrower under the Military Lending Act

There is no minimum credit score for approval so we suppose that OppLoans personal loans are designed for borrowers with poor credit. Another benefit is that you do need to have a traditional bank account open in your name with at least 90 days of banking history and receive your paychecks through direct deposit.

Category: Online Loans

Tags: Alabama, Alaska, Arizona, California, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Kentucky, Louisiana, Maine, Michigan, Minnesota, Mississippi, Missouri, Nebraska, Nevada, New Mexico, Ohio, Oklahoma, Oregon, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin, Wyoming

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OpportunityFinancial Reviews

If you miss any payments, be ready to pay HUGE penalties. Missing one payment resulted in more than 2 additional payments. This is insane and I have no idea how it is legal for these companies to behave like that. Stay away from this lender and find people who understand their clients, care, and provide good customer support.
- Lillian Henderson

This company is a joke! I took out a loan in December 2019 for $1500. My loan is to be repaid in September with a total of about $1200 in interest (which is insane). I called them today to pay off the rest of my loan. They tell me I owe a much higher amount. Apparently I missed a payment at the end of February that nobody notified me of that. The person I spoke with said they sent me 1 email…no phone call!
- Jose Taylor

I used their service 4 months ago. They really helped me in a difficult time. I had no problems in receiving my money and no problems with repayment. Wonderful experience.
- Jeffrey Olson

I used their services a couple of times and they were so fast, effective and friendly. I highly recommend OppLoansto anyone who needs fast cash online. I actually thought their offer was not real but it is!
- Joshua Hines

They always approve you fast. My car broke down and I did not have any savings to repair it. So I applied for a loan and was approved. It was an easy process and a quick decision. Now I will be able to get the repairs!
- Coleen Benson

When in a difficult situation OppLoans is a lifesaver. They are fast, the whole process is online, and they have competitive rates. They give large loan amounts. Thanks to them I was able to refinance my current loan.
- Dorothy Cushman

Got approved for a $500 loan. Had to pay back almost $1300. Had 2 late payments but it was their fault - because they did NOT change the pay-ment schedule when I asked to. Each late payment penalty was double my payment amount. NOT WORTH IT. AVOID TNEM!
- Marvin Wilson

I think these guys are honest. They have very good rates and no hassle application. You won't find a better company to get a personal loan. I appreciate their job so much. No one comes even close.
- David Mullins

I applied for a loan and they started to send me emails every minute asking to send the same information over and over again. I then asked them to close my application. I would not recommend OppLoans to you.
- William Biggins

These guys are amazing. I was approved fast and they transferred the money I needed the next day. The payments are easy to make and their customer service is wonderful. I definitely recommend them!
- Yvonne Robinson

The day I got approved for a $900 loan was the best day of my life. They really helped me out of a bad situation.
- Jackie Ashworth

I was approved pretty fast and received my $1500 the next day. I am happy that I can repay my loan early and save on interest. The man from the customer support who I spoke with was very friendly, professional and knowledgeable!
- Vivian Cadena

They are awful. I repaid my loan earlier and they took twice out of my account. I called them every day to get my money back and they kept saying we refund it which was a lie. I had to contact a lawyer and my bank to get my money back. I am talking about $850 . Do not use this service! They are liars and scammers!
- Manie Tan

This is third time I have used this service in emergency. I highly recommend them for those who need monay for emergencies and have limited alternatives due to bad credit score. I'm really impressed. I would definitely recommend their online personal loans for tough situations.
- Nelle Keller

This was simple to get a loan. Easy and fast response. Got a text message saying my application was received, one more saying that it was reviewed ad then approved. The money was in my account the next day. It was very easy!!!
- Richard Johnson

I was having some problems with uploading docs because I'm just a beginner to the internet. And I really appreciate the patience and help of the staff. The terms and rates are so much better than other lenders. I highly recommend OppLoans to everyone.
- Juan Webb

When I need extra funds, I always apply for a loan with OppLoans. Their loans are fast! I always have the funds in my account the next day! cool service. I would tell all my family and friends about this service! I will definitely use this service if I need another loan!
- Edison Moll

They refused to lower my interest rate when I was about to pay off my loan before the due date. I don't know how they can legally charge such high interest in personal short-term loans but yet they say they are helping consumers with poor credit. I've already repaid my loan completely and I still owe another almost $1500. Ridiculous.
- Dorothy Kraemer

It's always a pleasure dealing with this lender. Love their customer service. Fast response. You're treated with respect. I can recommend OppLoans to everyone. They are honest people. Had wonderful experience
- Beatriz Gonzalez

I found out I gave them the wrong name and they are refusing to correct and update my contact information! This is the worst customer service I've ever seen. DO NOT WASTE YOUR TIME!!! FIND ANOTHER LENDER!
- David Gervais

They are the best!!!! They make it so easy! I have been dealing with them for at least 4 years. I also appreciate how after three months they give you an opportunity to refinance if you want to! They are amazing and very honest.
- Amy Wells

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