OppLoans
Chicago, IL Founded 2012· Installment Lender
Targets subprime borrowers with triple-digit APRs. Marketing emphasizes speed; true cost of borrowing is significantly higher than mainstream personal loans.
Recommendation
High Risk
Trust
42
Predatory Risk
22
Lower is safer
Sentiment
38
Complaints
29
Lower is better
Fee Transparency
55
APR Range
59% – 160%
Loan amounts
$500 – $4,000
Term
9–18 months
Red flags
- APR consistently above 100% in most states
- 31% of negative reviews mention surprise fees
- Automatic withdrawals reported as difficult to cancel
- Loan amounts and terms designed to maximize interest
Positive signals
- Reports to all three credit bureaus
- No prepayment penalty
AI Summary
Based on 4,821 reviews and 1,394 complaints, OppLoans shows strong predatory patterns. The most common borrower complaint is "Hidden Fees". We recommend you high risk.
What borrowers say
Marcus T.2025-04-12
★☆☆☆☆
"APR ended up being 160%. I paid back nearly triple what I borrowed."
Jess R.2025-03-08
★★☆☆☆
"Got the money fast but the fees kept stacking up."
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