Best Loans Like OppLoans in June 2026
Discover how loan networks can offer lower APRs compared to high-interest rates from OppLoans, assisting those with subprime credit.
Writer: Eric Bank
Editor: Lillian Guevara-Castro
Reviewer: Ashley Fricker
Disclosure: When you apply through links on our site, we often earn referral fees from partners. For more info, see our ad disclosure and review policy.
Key Takeaways
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OppLoans offers financing options up to $4,000 but its interest rates are well above the 36% cap that many states put on personal loans.
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Plenty of alternative lending options exist and they typically have quicker approval processes and lower interest rates.
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When you prequalify for a personal loan, you can receive offers from lenders and compare potential rates without impacting your credit score.
Opportunity Financial LLC, operating as OppLoans, provides personal loans in 40 states. We partner with banks to help you access the funds you need, competing with many other online loan providers, including those networks featured in this review.
While OppLoans can swiftly offer you a loan without a hard credit check, it’s important to note that their rates are often much higher compared to other lending options available.
OppLoans Funds Online Loans For Subprime Credit
OppLoans provides small installment loans ranging from $500 to $4,000. These loans have repayment terms from nine to 18 months. The loan APRs vary, ranging from 160% to 179%, which is significantly higher than the typical 36% cap on personal loans. State regulations determine your maximum loan term, amount, and rate.
In 40 states, OppLoans manages installment loans through partnerships with financial institutions such as Capital Community Bank, FinWise Bank, and First Electronic Bank.
OppLoans can share your application with other private lenders to see if they can offer you a better interest rate. According to OppLoans, only a small percentage of consumers (less than 2%) take advantage of this option, though we can’t independently verify this claim.
The OppLoans website is a valuable educational source regarding credit, debt, saving, and spending.
Best Online Personal Loans Like OppLoans
The following loan services connect borrowers with lenders that specialize in helping consumers with all types of credit, including poor credit. Network lenders charge up to 36% on personal loans, but some can also offer you a payday loan with a potential APR of 400% or more.
1. MoneyMutual
 | Our Rating |
- Short-term loans up to $5,000
- Online marketplace of lenders
- Funds available in as few as 24 hours
- Simple online form takes less than 5 minutes
- Trusted by more than 2 million customers
- See official site, terms, and details »
| Loan Amount | Up to $5,000 |
| Interest Rate | Varies |
| Loan Term | Varies |
| Loan Example | Representative example |
| Our Expert Review | 4.8/5.0 (see review) |
OppLoans requires applicants to have a regular source of income. MoneyMutual accepts applicants who earn just $800 per month. The company’s online loan request form takes only a few minutes to complete and can net you a loan offer of up to $5,000, deposited within 24 hours of approval.
Network lenders quickly evaluate your application to see if they can provide an offer. If they choose to move forward, you’ll be directed to the lender’s website to finalize your application, review the terms, and sign the agreement electronically if you’re satisfied with the conditions.
2. CashUSA.com
 | Our Rating |
- Loans from $500 to $10,000
- All credit types accepted
- Loan requests can be approved in minutes
- Get funds directly to your bank account
- Use the loan for any purpose
- See official site, terms, and details »
| Loan Amount | $500 to $10,000 |
| Interest Rate | 5.99% – 35.99% |
| Loan Term | 3 to 72 Months |
| Loan Example | Representative example |
| Our Expert Review | 4.7/5.0 (see review) |
CashUSA.com helps consumers find personal loans from $500 to as much as $10,000. Loan proceeds can help pay all sorts of bills, from medical emergencies to fancy vacations.
The company’s website provides a clear explanation of the loan process for those with bad credit scores. It outlines the straightforward eligibility criteria and guides you on completing a loan application. CashUSA.com requires borrowers to have a dependable monthly income of at least $1,000 after taxes.
3. Avant
 | Our Rating |
- Personal loans of $2,000 to $35,000
- Compare rates in 2 minutes without affecting your credit
- Best for low origination fees for bad credit
- 550 minimum credit score required
- Powered by Credible
- See official site, terms, and details »
| Loan Amount | $2,000 to $35,000 |
| Interest Rate | 9.95% – 35.99% |
| Loan Term | 12 to 60 Months |
| Loan Example | Representative example |
| Our Expert Review | 4.8/5.0 (see review) |
Avant provides installment loans ranging from $2,000 to $35,000 with repayment terms of 12 to 60 months. These loans are targeted toward individuals with fair to good credit scores, although Avant will consider applicants with lower credit scores as well. Avant’s loans often come with origination fees and APRs that can vary based on factors such as creditworthiness.
While both lenders serve people who might struggle to get loans from traditional banks, Avant typically reaches out to a wider range of borrowers, including those with fair credit, whereas OppLoans specifically focuses on individuals with poor credit.
4. Upstart
 | Our Rating |
- Personal loans of $1,000 to $50,000
- Find loans you prequalify for, complete your application, and close your loan
- Loans for 580+ FICO
- Checking rates doesn’t impact your credit score
- Powered by Credible
- See official site, terms, and details »
| Loan Amount | $1,000 to $50,000 |
| Interest Rate | 6.2% – 35.99% |
| Loan Term | 1 to 5 Years |
| Loan Example | Representative example |
| Our Expert Review | 4.7/5.0 (see review) |
Upstart targets individuals of all credit types, using advanced algorithms to consider factors beyond traditional credit scores for loan approval. Upstart offers unsecured personal loans with competitive interest rates based on creditworthiness and aims to provide quick online decisions, often within minutes.
Upstart and OppLoans both offer alternative lending options, but their loan products and approval processes differ.
 | Our Rating |
- Personal loans from $500 to $35,000
- All credit types are considered and welcome
- Simple, no credit impact form
- Helping consumers since 2001
- 4.7 out of 5 Trustpilot rating with 2,000+ reviews
- See official site, terms, and details »
| Loan Amount | $500 to $35,000 |
| Interest Rate | 5.99% – 35.99% |
| Loan Term | 60 Days to 72 Months |
| Loan Example | Representative example |
| Our Expert Review | 4.8/5.0 (see review) |
24/7 Lending Group can arrange small to large installment loans, even if you have bad credit. It receives numerous positive reviews from customers who claim the network helped them find a quick installment loan.
Once you prequalify for an online loan, connecting with potential lenders takes just a few minutes. You’ll be able to effortlessly compare rates and terms, ensuring you secure the best loan offer that meets your needs.
 | Our Rating |
- Personal loans from $100 to $20,000
- Receive an approval decision in as little as 2 minutes
- Funds can be deposited into your account in one business day and used for any purpose
- No hidden fees
- See official site, terms, and details »
| Loan Amount | $100 to $20,000 |
| Interest Rate | Varies |
| Loan Term | Varies |
| Loan Example | Representative example |
| Our Expert Review | 4.8/5.0 (see review) |
SmartAdvances.com can arrange a bad credit loan as low as $100 and as large as $20,000. It vows the process is safe, secure, fast, and reliable, with no hidden fees.
Filling out the easy loan request form takes just a few minutes. SmartAdvances helps you connect with a direct lender who is ready to work with you, even if your credit isn’t great.
 | Our Rating |
- Loans from $500 to $10,000
- Helping those with bad credit since 1998
- Get connected with a lender
- Simple form & quick funding
- Get your money as soon as next day
- See official site, terms, and details »
| Loan Amount | $500 to $10,000 |
| Interest Rate | 5.99% – 35.99% |
| Loan Term | 3 to 60 Months |
| Loan Example | Representative example |
| Our Expert Review | 4.5/5.0 (see review) |
True to its name, BadCreditLoans.com finds loans for consumers with poor credit. Loan amounts range from $500 to $10,000, with a repayment term of three months to three years.
As with other subprime lender networks, BadCreditLoans.com doesn’t need you to post collateral to get a speedy cash loan. Network lenders require borrowers to have a checking account and steady income.
 | Our Rating |
- Get up to $5,000 as soon as tomorrow
- Easy to use & only takes a few minutes
- Instant answers from lenders who want to work with you
- Funds deposited directly into your account
- All credit types welcome — good or bad
- See official site, terms, and details »
| Loan Amount | $100 to $5,000 |
| Interest Rate | Varies |
| Loan Term | Up to 180 Months |
| Loan Example | Representative example |
LendingStore.com helps borrowers who have a wide range of credit types and its lenders can provide funding of up to $5,000 the next day. You need to have a bank account and a monthly income of $800 or more to qualify.
LendingStore.com works with lenders that provide quick answers and has helped millions of people over its 20 years in business. Its lenders also allow you to use your loan funds for a variety of reasons, including unexpected auto repairs, medical expenses, and home improvement projects, among many others.
 | Our Rating |
- Loans from $250 to $35,000
- Bad credit is no problem
- Available in all 50 states
- Use the loan for any purpose
- Fastest approval and funding
- See official site, terms, and details »
| Loan Amount | $250 to $35,000 |
| Interest Rate | 5.99% – 35.99% |
| Loan Term | 3 to 72 Months |
| Loan Example | Representative example |
| Our Expert Review | 4.5/5.0 (see review) |
PersonalLoans.com offers some of the largest loans among the lending networks we regularly review. You can use your money for any purpose, from medical emergency loans to home renovation financing, among other things.
PersonalLoans has distinct lending networks for individuals with poor credit scores and those with good to excellent credit. The company also offers credit repair, debt relief, credit monitoring, and other services specifically tailored to your credit needs.
How Does OppLoans Work?
You apply to OppLoans online. To be eligible for a loan, you must:
- Be at least 18 years old
- Own a bank checking or savings account
- Reside in one of the states where OppLoans services
- Have a regular income source from employment or benefits including Social Security or Disability; Alimony, child support, or maintenance income can also be included
- Receive income through direct deposit
Notice that OppLoans does not have a minimum credit score requirement.
If you qualify, you must submit the following information to apply for a loan:
- Name
- Email address
- Phone number
- Purpose of loan (optional)
- Date of birth
- Social Security number
- Address
- Gross monthly income before taxes
- Your primary source of employment and method of payment
- Bank routing and account numbers
- Age of bank account
- Loan amount requested
- A secure password
OppLoans does not perform a hard credit pull, instead relying on Clarity Services and Experian to verify your information and payment history without impacting your credit score. If OppLoans or one of its lenders approves your application, it will specify the loan term, amount, APR, and monthly payment.
OppLoans synchronizes your billing to match your pay dates. You can request more frequent billing but must provide pay stubs if you want OppLoans to bill you less frequently.
You may get your money on the same day if you receive approval before noon. Otherwise, expect your loan proceeds to arrive in your bank account by the next business day.
OppLoans reports payments to each major credit bureau on a monthly basis. Timely payments will help you build credit, but missing a payment will hurt your credit score.
The company settled a lawsuit in 2021 with the Washington D.C. attorney general in which it paid out more than $1.5 million in refunds and fines.
OppLoans cautions consumers to borrow from it only as a last resort. Given its high interest rates, we entirely agree.
How Do Personal Loan Networks Work?
Personal loan networks link you directly with lenders. By completing a loan request form, you can quickly find out if you’re prequalified for a loan offer.
We’ve explored alternative matching services that gather the same details as OppLoans, but they forward your loan request to direct lenders within their networks. These services don’t conduct hard credit checks or charge fees. Once they connect you with a lender, they step back from the loan process.
Matching services can either link you to a direct loan provider or present you with links to multiple lenders. After that, you complete the application process by providing any extra information needed.
Here are a few areas in which direct loans and loan networks differ:
| Direct Lender | Lending Network |
|---|---|
| The lender provides the money directly to you | Matches you with multiple different lenders who may offer a loan |
| The lender reviews your application and decides if you qualify | Shares your application with multiple lenders to see who might pre-approve you |
| You can only choose from what that lender offers | You may receive different loan offers from multiple lenders |
If approved, you can review the loan agreement specifying all the terms and conditions. You can then e-sign the agreement after carefully reading it. Expect the lender to deposit the loan proceeds in your bank account as soon as the next business day.
The lender will withdraw your monthly payments directly from your bank account. In almost all cases, you can prepay the loan without penalty.
What Is Subprime Credit?
You can still borrow money even if you have subprime credit, which is reflected by a score that FICO and VantageScore (the two leading consumer credit-scoring systems) classify as “poor.”
A subprime score can reduce your ability to get a loan or credit card. Traditional financial institutions such as banks usually turn down subprime loan applicants, creating a demand for alternative lenders such as OppLoans and other online lending sources.
Here is a look at the different credit score categories and ranges for both FICO and VantageScore:
| FICO Score Categories | Score Range | VantageScore Categories | Score Range |
|---|---|---|---|
| Exceptional | 800-850 | Excellent | 781-850 |
| Very Good | 740-799 | Good | 661-780 |
| Good | 670-739 | Fair | 601-660 |
| Fair | 580-669 | Poor | 500-600 |
| Poor | Below 580 | Very Poor | 300-499 |
A shaky credit history can lower your scores into subprime territory. If you have bad credit, brace yourself for the following outcomes:
- Reduced access to loans and credit cards
- Lower loan amounts
- Higher interest rates
- Higher fees
- Less favorable terms
FICO and VantageScore use multiple factors to calculate credit scores:
As you can see, your payment history and ability to repay loans on time are the most influential factors in your credit scores.
How Can I Increase My Approval Odds?
Your payment history is the most crucial factor influencing your loan approval chances. Late payments, delinquencies, defaults, repossessions, collections, and bankruptcies can significantly lower your credit scores and linger on your credit report for up to 10 years. The best strategy to build credit is to consistently pay your bills on time.
Your credit utilization ratio is another key factor, representing the amount of credit card debt you use compared to your total available credit. Here’s how you would calculate your CUR if you have three credit cards with a combined limit of $10,000:
| Card A | Card B | Card C | Overall | |
|---|---|---|---|---|
| Balance | $500 | $0 | $2,150 | $2,650 |
| Credit Limit | $2,000 | $3,000 | $5,000 | $10,000 |
| Utilization Ratio | 25% | 0% | 43% | 26.50% |
The age of your credit accounts, the variety of credit types you have, and recent credit applications all affect your credit score in different ways. Keeping credit accounts, like credit cards and auto loans, open for long periods benefits you as FICO views this as a sign of your financial management skills. Having a diverse credit mix also shows that you can handle different types of credit well.
Applying for several new credit accounts within a short period can hurt your score because it may indicate financial distress. You can avoid this problem by waiting about six months before applying for another loan or credit card.
Recruiting a cosigner with good credit could also solve your loan approval problem. Most private lenders welcome cosigners who share the responsibility for repaying a loan. The credit bureaus assign the account to both you and the cosigner.
Both your credit score and your cosigner’s are at stake, so it’s crucial for the cosigner to make sure payments are made on time.
You can also increase your loan approval odds by posting collateral. Secured loan arrangements are available, although less popular than unsecured loans. Just as with an auto loan or mortgage, failure to repay a secured loan can result in the loss of your property. In effect, collateral shifts default risk from the lender to the borrower.
Check the Competition Before Borrowing From OppLoans
OppLoans might not be your best option for personal loans because of its steep interest rates. We recommend that you look into loans similar to OppLoans through the reviewed lending networks first, as their lenders can often provide much lower APRs.
All these lenders can help you rebuild your credit by reporting your payments to each major credit bureau. It’s up to you to take advantage of this reporting by always paying your bills on time. Otherwise, your credit score may suffer further damage, making it even harder to borrow money.
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