Oportun provides personal loans to borrowers with poor or no credit history, up to $5,600, either online or at a store location.1 The application process is easy and streamlined, and prequalification won't impact credit scores. Approved applicants may receive funds the same day or by the next business day.5 Oportun also offers a convenient mobile app!
Pros and Cons of Oportun
Oportun can be an excellent option for those seeking quick and flexible financial solutions through personal loans.5
- Easy application process with approvals possible in minutes
- Fixed monthly payments and clear terms
- Reports payment history to major credit bureaus to build credit
- Upon approval, funding may be deposited the same day or by the next business day5
- New borrowers are not eligible for loan amounts over $6,000
- Available in select states only
- Charge an Administrative Fee (tax stamp) upon approving loans
- Interest rates may be higher compared to traditional loans
How Oportun Compares
to Other Options
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| Max Cash's Rating | |||
| Repayment Terms | N/A | N/A | 5 to 12 months |
| Funding Timeline | Receive funds on the same day or by the next business day | Same day or by the next business day | Receive funds on the same day or by the next business day |
| Bottom Line | Oportun assists borrowers needing funds quickly with personal loans up to $10,000 with approvals and funding possible the same day.5 Loans come with fixed monthly payments, no hidden or prepayment penalties, but not available nationwide.3 |
Southwest Title Loans can help borrowers needing immediate cash with title loans up to $15,000 in as little as 30 minutes.1 Personal loans and other services are also offered, but for Arizona residents only. |
MoneyKey’s lines of credit and installment loans are offered through an easy online application with funds deposited the same business day, if approved.5 Its lines of credit also allows consumers to draw cash as needed versus a lump-sum, however MoneyKey’s products are not available nationwide. |
Frequently Asked Questions about
Oportun
Oportun is a legitimate business that has been operating since 2005.
Call 866-488-6090 to speak with a representative, or find an Oportun store location here.
Oportun is accredited by the Better Business Bureau (BBB) and has an A+ rating.
