If you’re interested in loans like OppLoans, but you’re put off by the hefty interest rates attached to the service, you may find yourself hunting for alternative installment loans like OppLoans. And the good news is that there are several online loans like OppLoans available that offer more flexibility in terms of loan amounts, repayments, and interest rates readily available to you!
After listening to the general concerns of borrowers, we discovered that thousands of Americans would love to know what their alternative options are when looking for other loans like OppLoans online. With this in mind, we set to work investigating OppLoans, and of course, alternative personal loans like OppLoans that may offer something more or more viable for the borrower. With that, we put together our own list of what we believe is the best alternative options and similar loans like OppLoans that are well worth your consideration. You could save yourself time, money, and frustration by simply choosing to work with one of our providers of alternative loans like OppLoans direct lender! If you’re shopping around for bad credit loans like OppLoans, this OppLoans review is the only thing you need to read!
Loans Like OppLoans – Quick Overview
- Big Buck Loans: Overall Best for Alternatives to Installment Loans Like OppLoans up to $5000
- Green Dollar Loans: Best for Alternatives to Online Loans Like OppLoans for Unemployed Individuals
- Heart Paydays: Best for Alternatives to Other Loans Like OppLoans That Carry a Low APR and Offer Speedy Turnarounds
- Low Credit Finance: Best for Alternatives to Personal Loans Like OppLoans for Americans Earning $1000+ Per Month
- Viva Payday Loans: Best for Similar Loans Like OppLoans Starting as Low as $100 for Bridging Cash
Best Loans Like OppLoans of 2023 – Guaranteed Approval
Big Buck Loans: Overall Best for Alternatives to Installment Loans Like OppLoans up to $5000
If you are looking for alternatives to installment loans like Opploans but need more financial elbow room, Big Buck Loans provides some interesting options. While Opploans can be quite substantial, they only offer borrowers up to $4000. In contrast, installment loans like Opploans via lenders at Big Buck Loans allow borrowers to loan up to $5000, thus providing borrowers additional financial freedom for chunky expenses or must-have luxury items.
In addition, Big Buck lenders offering alternatives to installment loans like Opploans provide borrowers the choice of lower loan values, with the smallest available of $100, which means borrowers can select the right-sized loan without overextending their budget. Furthermore, APRs on alternatives to installment loans like Opploans range from 5.99% to 35.99%, with easy repayment options between 3 and 24 months. In addition to all this flexibility, approved borrowers, for alternatives to installment loans like Opploans, can set their payment frequencies to match their income received. For example, if the borrower gets a weekly income, their loan repayments can be taken by direct debit every week. These easy payment options also apply to those receiving their income fortnightly or monthly.
Eligibility Requirements for Installment Loans Like OppLoans up to $5000
- Minimum monthly earnings $1000 plus
- US bank account in your name
- US Citizenship
Pros of Installment Loans Like OppLoans Up to $5000
- Jargon-free online application
- Direct access to reputable lenders
- Loans up to $5000
Cons of Alternatives to Installment Loans Like OppLoans of Up to $5000
- Elevated APRs up to 35.99%
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Green Dollar Loans: Best for Online Loans Like OppLoans for Unemployed Individuals
Green Dollar Loans offers the perfect loans like Opploans for borrowers who aren’t traditionally employed. In other words, creative individuals like freelancers, entrepreneurs, and the self-employed who don’t have access to payslips and other paraphernalia pertaining to conventional employment, can easily apply for the online loans like Opploans alternatives they need!
When applying for online loans like Opploans via lenders on the Green Dollar Platform, borrowers may use bank statements and tax returns to evidence the regular monthly income they receive. In addition to this evidence, lenders will conduct an affordability test (compare your income to your expenses) to assess if you can reasonably afford to repay the loan. Note alternatives to online loans like Opploans are subject to a mandatory credit check as per US regulations, but a poor credit score doesn’t mean an automatic loan rejection.
Of course, loans like Opploans have specific criteria the borrower must meet to qualify for a loan, including earning a minimum income of at least $1000 monthly. Loans like Opploans range between $100 and $5000 with 3 to 24 months to pay and APRs from 5.99% to 35.99%.
Eligibility Requirements for Alternatives to Online Loans Like OppLoans for Unemployed Individuals
- Monthly base wage $1k +
- US Citizens with a valid ID
- Legal age limit 18 +
Pros of Alternatives to Online Loans Like OppLoans for Unemployed Individuals
- Wage slips not compulsory
- Transparent lending criteria
- Nonbiased borrowing opportunities
Cons of Alternatives to Online Loans Like OppLoans for Unemployed Individuals
- Not all applications approved
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Heart Paydays: Best for Loans Like OppLoans That Carry a Low APR and Offer Speedy Turnarounds
If you’re looking for alternatives to other loans like Opploans that offer low rates of APR, stop the search, Heart Paydays is your solution! At Heart Paydays, borrowers can easily apply for loans between $100 and $5000, with APRs starting at a mere 5.99%. However, loans like Opploans attract much higher APR rates, which can hugely impact the overall loan cost. For example, Opploans attract APRs of between 59% and 160%! In contrast, loans like Opploans offered via Heart Paydays only attract interest rates of not usually more than 35.99%.
In addition, borrowers can approach their chosen lenders via the Heart Payday platform and request if it’s possible for high APR rates to be reviewed and negotiated lower. In most instances, lenders offering loans like Opploans alternatives are willing to reduce their rates to remain competitive.
It’s worth noting that when applying for loans like Opploans, factors like loan amount and repayment term can directly impact the APR set by the lender. Therefore, selecting a loan value, you can feasibly repay over a reasonable repayment period is advised.
Eligibility Requirements for Loans Like OppLoans That Carry Low APRs and Have Speedy Turnarounds
- US resident with permanent status
- Monthly income $1000 or $250 weekly
- Over 18s only
Pros of Low APR and Speedy Loans Like OppLoans
- Base APR rates from 5.99%
- Affordable loan amounts from $100
- Potential to negotiate APRs (depending on the lender)
Cons of Loans Like OppLoans with Low APR and Speedy Turnarounds
- Some lenders escalate APRs to 35.99%
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Low Credit Finance: Best for Personal Loans Like OppLoans for Americans Earning $1000+ Per Month
Many Americans believe loans like Opploans are only available to those earning top-dollar incomes. However, the opposite is true! In fact, Low Credit Finance proves this by offering some of the best alternatives to personal loans like Opploans, to borrowers who meet the loan requirements.
Besides being of legal age (18+ in the US), borrowers must also be legally resident in America (citizen or residency permit) and earn a minimum of no less than $1000 each month or $250 per week. Borrowers can earn this income from conventional employment or via non-traditional methods such as freelancing, self-employment, or contracting. As long as they can evidence their income via pay slips or bank statements and tax returns, loans like Opploans could be theirs.
If borrowers wants urgent loans for bad credit, they can apply for loans like Opploans ranging between $100 and $5000 with APRs of 5.99% to 35.99%, which is far more flexible than Opploans, which only offer $500 to $4000 with high APRS of between 59% and 160%.
To apply for loans like Opploans, borrowers must select the loan amount they require and the appropriate repayment term between 3 and 24 months. Once they have completed the simple Low Credit Finance online application form, borrowers have a short 2-minute waiting period before they are linked to lenders offering a plethora of alternatives to personal loans like Opploans.
Eligibility Requirements for Personal Loans Like OppLoans for Americans Earning $1000+ Per Month
- Core wage $1000 monthly
- 18 years/older only
- US applicants with valid US ID
Pros of Personal Loans Like OppLoans for Americans Earning $1000+ Per Month
- 24-month repayment terms available
- Wide pool of accredited lenders
- Streamlined application process
Cons of Personal Loans Like OppLoans for Americans Earning $1000+ Per Month
- Penalty fees on late/missed installments
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Viva Payday Loans: Best for Similar Loans Like OppLoans Starting as Low as $100 for Bridging Cash
Borrowers looking for small-value similar loans like Opploans should take a look at what Viva Payday Loans has to offer! Here borrowers aren’t restricted to applying for more cash than they need. Instead, lenders at Viva Payday loans offer a wide selection of similar loans like Opploans that provide more flexibility allowing borrowers to choose some of the lowest loan values around. In fact, borrowers can select a microloan of just $100 to bridge the gap between now and their next payday!
Of course, Viva Payday Loans lenders also offer larger similar loans like Opploans up to $5000, further highlighting the restrictions you might encounter when applying for an Opploan. For example, Opploans only provide loan amounts between $500 and $4000, which, when you need a few hundred dollars, can mean you end up borrowing more than you realistically need, incurring unnecessary expenses and perhaps falling further into debt.
In addition to providing affordable similar loans like Opploans, lenders via Viva Payday Loans also offer borrowers easy repayment terms of between 3 and 24 months with APRs from 5.99% to 35.99%.
Eligibility Requirements of Similar Loans Like OppLoans Starting as Low as $100 for Bridging Cash
- Income > $1000 per month
- Legal age is 18 +
- US residency (settlement visa/citizenship)
Pros of Similar Loans Like OppLoans Starting From $100
- Convenient, low loan values
- Easy repayment terms
- Quick payouts on approval
Cons of Similar Loans Like OppLoans Starting From $100 for Bridging Cash
- Expensive form of finance
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What Are Loans Like OppLoans & How Do They Work?
OppLoans are loans provided to borrowers in the form of personal loans, typically ranging from $500 to $4000, with interest rates ranging from 59% to 160%. When users on the service upgrade, they can access offers between $1000 and $5000, but that comes with stipulations and lending criteria. Many borrowers prefer to use a loan finder like Big Buck Loans to secure a loan as they have more options with loans ranging from $100 to $5000 with minimal interest (5.99% to 35.99%) and quick and easy online application processes.
Types of Loans Like OppLoans:
Loans Like OppLoans Direct Lender for Bad Credit Borrowers
Bad credit borrowers can easily acquire a loan through a loan finder if they meet the lending criteria and can prove affordability.
Loans Like OppLoans Direct Lender for Unemployed Borrowers
Unemployed borrowers who are generating at least $1000 in income each Month through alternative means can access alternative loans to OppLoans ranging from $100 to $5000
Loans Like OppLoans Direct Lender for Low Income Earners
Borrowers only need to earn $1000 per Month or $250 per week to apply for loans between $100 and $5000 with 3 to 24 months to pay.
Bad Credit Loans Like OppLoans for Students
Students can still apply for loans even if they don’t have a job to support the loan. This means they will need someone to sign surety for the loan or will need to prove that they earn an allowance or generate at least $1000 per Month to pay for their installments.
How to Apply for Loans Like OppLoans in 4 Quick Steps
While applying for loans with OppLoans requires borrowers to register for the service on their website, there’s an easier way of getting the cash you need. You can apply for loans like OppLoans in 4 quick steps on the Big Buck Loans platform as follows:
Step 1: Choose the Amount You Require When Applying for Loans Like OppLoans
Choose the loans like OppLoans amount required between $100 and $5000, and select a repayment period of 3 to 24 months.
Step 2: Complete the Application Form Online for Loans Like OppLoans
Access the online application form that will allow you to apply for aloan to bad credit loans like OppLoans by inputting your details and submitting the form.
Step 3: Wait for a Decision on Your Loans Like OppLoans Application
Once you submit the application form for alternatives to bad credit loans like OppLoans, you will only wait 2 minutes to get feedback. If your request can be honored, a lender will reach out with particulars of their offer. If all goes ahead, you’ll get a loan contract. Make sure you read through it carefully and understand the terms and conditions before signing it.
Step 4: Get the Cash in Your Account
Once you’ve sent the signed loan contract back to the lender, they can work on finalizing the loan and releasing the funds.
How Did We Choose the Best Providers of Loans Like OppLoans?
To create our editor’s pick of the best providers of alternatives to bad credit loans like OppLoans, we looked for providers that offer the following conveniences to borrowers:
- 100% online application with no need for physical paperwork
- Access to a range of loan amounts and flexible repayment options
- Responsible lending that includes an affordability assessment
- Interest rates that are lower than those offered by OppLoans
- Reputable lenders on the loan finder panels
OppLoans Review – Features & Factors to Consider
Disbursement of Funds
When drawing up our OppLoans review, we couldn’t help but notice that our loan finders are well-known for quick disbursement of funds. While we cannot confirm if they pay out quicker than OppLoans as this is lender-dependent, many borrowers using the loan finder services we have mentioned have reported receiving their cash soon after the application has been approved.
Interest Rates and Fees
One of our main focuses when creating our OppLoans review was to consider the impact of interest rates and fees on the borrower. Be aware that OppLoans offers a convenient way to get cash online, but the interest ranges from 59% to 160%, which is a lot higher than the bank, as well as loan finders and direct lenders. When using a loan finder such as Big Buck Loans, interest ranges from 5.99% to 35.99%.
Lender Transparency
Another focus of our OppLoans review research was that of lender transparency. It stands to reason that OppLoans is a stable company offering fairly transparent lending. However, if you’re looking for true transparency in favor of the borrower, your best bet would be to check out loan finders such as Big Buck Loans, which offer quick online borrowing options with lower interest rates for the benefit of the borrower. Of course, all lenders on the panel are reputable short-term lenders with good reputations in the industry.
Pros of OppLoans
- Bad credit borrowers aren’t turned away
- OppLoans looks at more than just FICO scores – they also use the information provided by Clarity and Experian when deciding on a loan application
- Funding is fast, with payouts often happening the next day
- Borrowers can get up to $4000 with the standard service and $50 000 with the upgraded service
- Applications appear to be straightforward to process
Cons of OppLoans
- Loans start at $500, so there are no options for smaller loan amounts
- Interest rates are incredibly high, ranging from 59% to 160%
Conclusion
When making our comparisons and seeing how OppLoans compares to loan finder sites such as Big Buck Loans, Green Dollar Loans, Heart Paydays, Low Credit Finance, and Viva Payday Loans, we were astounded by the big jump in APRs. Whereas loan finders such as Big Buck Loans tend to keep their interest rates below 35.99%, OppLoans can charge as much as 160%. We were also impressed by the selection of loan amounts and streamlined application processes offered by the loan finder companies we looked into.
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FAQ’s
What Loans are Similar to OppLoans?
If you’re looking for loans similar to OppLoans, you may like what loan finders such as Big Buck Loans have to offer. These loan finder sites will connect you with a direct lender with lower interest rates and a loan package that could be better suited to your needs and financial situation.
Is it Better to Use OppLoans or Another Direct Lender?
OppLoans is a reliable lender, but sometimes borrowers prefer to use other direct lenders because the service can prove to be a little more expensive than other lender services. You may also get access to more flexible loan amounts and terms through a different service, such as using a loan finder like Big Buck Loans or Green Dollar Loans.
Is OppLoans a Monthly Payment?
Yes, OppLoans are paid in monthly installments, just like loans acquired through any other loan finder or direct lender site.
Is OppLoans Legit?
Yes, OppLoans is legit. Like many other lenders, OppLoans provides loans directly through their website, and most of the process is fully automated online.
Is OppLoans Expensive?
Yes, OppLoans is considered very expensive due to their incredibly high APRs that range from 59% to 160%. However, loan finders such as Big Buck Loans can put you in touch with lenders that only charge between 5.99% and 35.99%.
Are There Similar Loans Like OppLoans that Are Cheaper?
Yes, if you use a loan finder such as Big Buck Loans, Green Dollar Loans, Heart Paydays, Low Credit Finance, or Viva Payday Loans, you stand to enjoy more scope of loan options that carry a cheaper interest rate between 5.99% and 35.99%.
Disclaimer: The loan websites reviewed are loan-matching services, not direct lenders, therefore, do not have direct involvement in the acceptance of your loan request. Requesting a loan with the websites does not guarantee any acceptance of a loan. This article does not provide financial advice. Please seek help from a financial advisor if you need financial assistance. Loans available to US residents only.