Best Personal Loans from Oportun® of November 2023

Oportun® offers personal loans. The APR for Oportun® personal loans starts from 20.05% while the amount you can get varies from $300 to $10,000. You can apply for a Oportun® personal loan of up to 48 months. See all the terms to decide if Oportun® is the right lender for you.

By Hanna Volkava
Updated November 28, 2023

See all Oportun® personal loans in November 2023

Showing 1 loans
20.05 - 35.99 %
1 - 4years
Loan amount
$300 - $10,000
  • Minimum credit:
    Poor (300-579)
  • Origination fee:
    1 - 10%
  • Funds available in:
    1 business day.
  • Loan Purpose:
    Personal Loan
  • Pros:
    • No credit or income requirements
    • Joint, cosign, & secured loan options
    • Establish credit history
    • Small loan amounts
    • Pre-qualification available
  • Cons:
    • Not available everywhere
    • High interest
    • Inflexible payment terms
    • Non-transparent terms
    • Reports to only two credit bureaus

Oportun® provides loans with rates between 20.05% - 35.99% APR.

Oportun® personal loans typically start at $300 and go up to $6,000 for new customers, $7,500 for returning customers, and $10,000 for secured loans. Typical loan terms are between 12 and 48 months.

Oportun® loans do not have an application or prepayment fee, but they do charge an origination fee that depends on your state and is calculated as part of your APR.

For example, if you apply for a 2-year $5,000 personal loan with an interest rate of 15% and an origination fee of 5% you would receive $4,750 and make 24 payments of $242.43. The total amount paid would be $5,818.

Check Oportun® personal loan rates

APR Range
20.05 - 35.99%
up to $10,000
up to 48 months
Score required:
Poor (300-579)
Loan purposes:
Personal Loan

Information about lender

  • Organisation:
    Oportun, LLC
  • Website:
  • Headquarters:
    2 Circle Star Way Redwood City, CA 94070

Check loans from other lenders

Personal Loan
5 out of 5
Recommended credit score
bank name
Fair (580-669)
  • 5.99 - 21.49 %
  • 2 - 6 years
    Loan Term
  • $5,000 - $100,000
    Loan Amount
Check rates
On partner's site
Marcus by Goldman Sachs
Marcus by Goldman Sachs
Personal Loan
4.13 out of 5
Recommended credit score
bank name
Fair (580-669)
  • 6.99 - 24.99 %
  • 3 - 6 years
    Loan Term
  • $3,500 - $40,000
    Loan Amount
Check rates
On partner's site
Personal Loan
3.77 out of 5
Recommended credit score
bank name
Poor (300-579)
  • 5.6 - 35.99 %
  • 3 - 5 years
    Loan Term
  • $1,000 - $50,000
    Loan Amount
Check rates
On partner's site

Oportun® Review

If you have credit problems, you can find it challenging to receive a loan. Even if you are accepted for a loan, you may face high interest rates and non-flexible payment terms. As such, there are a number of loan companies that specialize in offering personal loans to those with poor or no credit. Today we are going to talk about one of these companies — Oportun®.

Oportun® focuses on providing personal loans and credit cards to those with poor or no credit. Oportun® is known for the AI-driven platform that uses machine-learning algorithms to match customers to loans. Oportun® loans do not have any credit or income requirements, and they also offer free financial education resources. Since 2006, Oportun® has disbursed $10.5 billion in credit over 4.3 million loans and has helped over 900,000 people establish a credit history.

Oportun® Loan Types

You can use Oportun® personal loans for:

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

Oportun® personal loans typically start at $300 and go up to $6,000 for new customers, $7,500 for returning customers, and $10,000 for secured loans. The maximum allowed loan amount differs depending on the state. For example, in Florida, the maximum amount for an unsecured personal loan is $6,000, while in California, qualified borrowers can receive up to $20,000 with a secured loan. Typical loan terms are between 1 - 4 years.

Oportun® loans do not have an application or prepayment fee, but they do charge an origination fee that depends on your state and is calculated as part of your APR. You can make your loan payment online, send a check, or make a payment at one of Oportun’s physical locations.

Loan specifications

You can apply for the following types of loans: home improvement, car repairs, rental deposits, medical bills, vacations, unexpected expenses.

APR20.05 - 35.99%
Amount$300 - $10,000
Term1 - 4 years
Origination fee1 - 10%

As you can see from the table the maximum loan amount is $10,000, and the APR starts at 20.05% for the best graded borrowers. The loan period varies from 1 to 4 years.

Oportun®: Pros and Cons

Pros: Cons:
No credit or income requirements. Even if you do not have an established credit history, you can still qualify for an Oportun® personal loan. Not available everywhere. Oportun® only offers loans in 35 states. In 23 states, the loan is provided through Oportun’s partner, MetaBank.
Joint, cosign, & secured loan options. In California, Florida, and Texas, Oportun® has a secured loan option where you can offer your car as collateral to receive larger loan amounts and a lower APR. High interest. Oportun® does not disclose a minimum APR, but they have a max 35.99% APR cap, which is considered fairly high.
Establish credit history. Oportun® can help those without a FICO credit score establish a credit history with their loans and credit cards. However, they only report to two credit bureaus. Inflexible payment terms. Unlike many other loan providers, Oportun® does not allow you to choose or change your payment date. They also do not have a discount for autopay.
Small loan amounts. Oportun® offers loan amounts starting from $300 up to $10,000, depending on your state and the loan type you apply for. Non-transparent terms. Oportun® lists basic information about loans, but rates and terms are not immediately clear.
Pre-qualification available. You can be pre-qualified with a soft inquiry, which means it won't hurt your credit score. Reports to only two credit bureaus. Oportun® only reports financial information to Experian and TransUnion.

Applying for an Oportun® Loan

Oportun® has a quick online loan application process. First, you are required to enter basic information such as your name, address, phone number, date of birth, and email address.

Oportun’s application takes only about 10 minutes if you have the correct documents. Once you apply, Oportun® will run a soft credit check, though you can still apply if you don’t have an established credit score. Next, Oportun® will show you a list of loans you qualify for with terms, rates, and amounts. If you accept, they’ll perform a hard pull, and you will need to provide the following documents:

  • Valid photo ID (e.g., driver’s license, passport, non-U.S. ID card, etc.)
  • Bank statements, pay stubs, or other proof of income
  • Piece of mail with current address
  • Up to four personal references

Once you are approved, Oportun® will provide you with your loan funds. Most customers receive their funds on the same day.


Oportun® is a decent lending option for those with poor or no established credit. Oportun® does not have any income or credit requirements, they offer small loan amounts, and you can use the loans for several different purposes, such as home improvement, paying medical bills, etc.

However, their loan terms are not transparent, and you may get stuck with a high APR. Additionally, Oportun® loans are relatively inflexible as you cannot choose your payment schedule or dates.

Oportun® does let you establish a credit score, but they only report to two credit bureaus, so the benefits of establishing credit are slightly blunted.

Overall, Oportun® may not be the best lending institution, but it certainly is not the worst either. The financial education resources are helpful for anyone, and you don’t have to be a customer to access them. The small loan amounts are a good feature, and the fact that you don’t need a credit score lowers the bar to entry for many applicants.


What is the Oportun® customer service phone number?

Oportun’s customer service number is 1 (866) 488-6090. Available hours are Mon-Fri 6 am to 8 pm PT and Sat - Sun 9 am to 7 pm PT.

Is Oportun® legit?

Yes, Oportun® is a registered company that offers legitimate loans. The loans may not always have the most favorable terms, but they are legal and not a scam.

How does Oportun disburse loan amounts?

Oportun® disperses loan amounts either via a physical check or a direct deposit. You can choose the funding option that works best for you.

Can other people make loan payments for me?

Yes, other people can make loan payments for you. If you want someone else to make your loan payment, you need to give them your name, phone number associated with the account, and the amount they want to pay.