Oportun
Flexible personal loans from $1,100, with fast deposit, soft credit checks, and terms made to fit your needs. Choose amounts, payments, and speed.
Oportun offers personal loans for residents in the CO region looking for accessible financing between $1,100 and $37,000 COP. Loan terms are customizable, and a direct deposit option is available for speed. Notably, eligibility isn’t based solely on FICO scores, so even those with limited credit histories can apply. While APRs and loan durations may vary, the prequalification process won’t affect your credit.
How to Apply: Step by Step
- Prequalify online in minutes with no impact on your credit score.
- Submit basic documents and complete the full application.
- If approved, select your payment plan and amount.
- Choose between direct deposit or check for your funds.
- Receive your funds quickly and start repayment as scheduled.
Pros of Oportun Personal Loan
One significant advantage is the quick prequalification process that doesn’t affect your credit. Applicants can personalize loan amounts and payment terms, making budgeting easier.
Fast funding via direct deposit and accessibility for those with nontraditional credit profiles are also strong positives, ensuring broader qualification.
Cons of Oportun Personal Loan
Oportun loans may be unavailable in some regions, and actual APRs or total costs can be higher than some competitors, depending on eligibility and applicant profile.
Larger loan amounts require auto title collateral, and not all applicants will qualify for the best terms or get the highest amounts offered.
Verdict: Is Oportun Right for You?
For Colorado borrowers who need a fast, flexible loan with a simple application, Oportun stands out—especially for those with limited or no credit history. While costs vary, the streamlined process and customer-friendly approach make it a solid candidate for your next personal loan.
