Are you looking to see opploans reviews, then this article is aimed to give you the detailed information. The central aspect of taking loans is the interest rates and repaying terms that any company offers. Now, we will see what are the interest rates here? What is the maximum loan they provide?
It is one such loan provider company from the United States. Before we take loans and give all our banking details there, it is necessary to check whether this is a reliable site or not. Because, in recent times, scammers have been using this loan business to take people’s money and run away.
Let us uncover all details.
What is opploans?
It is a service that connects you to various money lenders who can give you money as a loan. Though it is popular, opploans provide only tiny borrowing amounts and offer only short-term loans.
It is the platform for those who need money in emergency cases or in some urgency where they need money to pay something. It may not be suitable if you are looking for long-term credit.
If you want to apply for a loan here, you must satisfy the following requirements:
- You need to reside in a state they currently serve.
- You must be at least 18 years old.
- You must have an active and valid checking account.
- You need to have a job or any constant source of income so that they can trust you that you can repay them.
- You are required to have a valid e-mail address.
In this article, we will see opploans reviews and decide if you can go for it.
Specifications
• You can use opploans from here: https://opploans.com.
• Funds will be credit into your account on the same day of your application if it is processed successfully.
• You can get a loan amount of $100- $10000.
• Repay term: You need to pay the loan in 6 months from the day of loan credit.
• Interest: It may vary based on the credit amount from 169% to 1829%.
• Contact address: Not provided anywhere.
• Contact number: We can’t find it on the website.
Now, in the coming sections, we will see pros, cons of loan taking from here, and then opploans reviews.
Pros
• Reports payments to all three credit bureaus.
• Able to fund loans within 1-2 business days.
Reports payments to all three credit bureaus.
• Able to fund loans within 1-2 business days.
• No origination fee
• No prepayment fee
• The persons with poor credit are highly welcome at opploans.
Cons
• Rates are high compared with other bad-credit lenders.
• Short maximum repayment terms of up to 18 months in many states.
• Not available in all states.
• There is no way we can contact opploans.
• No long-term loans are available.
• Crediting through bank service is the only option of repayment in the United States.
Is opploans legit?
- They do not have any social media presence.
- Their policies are not in the comfort of the customer.
- It holds a trust score of 34%, which is minimal.
- With the higher interest rates, users need to buy twice their loan, which makes everyone take a back step from this company.
With this, we may say that the opploans is legit. But, it is not an excellent choice to take loans. Let us see what reviews say about this.
What are opploans reviews?
In our research, we found lots of customer reviews. Here are a few of them:
Rina says,
“The interest is very high, but still, they are upfront about that right away. Great loan to take out in an emergency. The website is straightforward to use. Everything is very legitimate, and they are very transparent about payment amounts and everything that’s needed.”
John says,
“Opploans payment system SUCKS!!! I paid my loan off, and they are still taking money out of the account. Ive called and spoke to someone and this rep. I couldn’t even tell me why they posted things on my account and why payments were still being taken after Ive paid the loan off. I understand that I’m due a refund, but I wanted to know why payments were still being taken a week later, and they couldn’t explain. I would have to think about using them again.“
So, there are both positive and negative reviews for this site.
Conclusion
As there are mixed type opploans reviews available, we may say that service is not that great. It is best suited for situations of urgency. But, If you want to go for long-term credits, there are many better options available than this.
| Parameters | Yes/No |
| Social Media Presence | No |
| Trust score | 34% |
| Customer reviews | Yes |
| SSL encryption | Yes |
FAQ’S
- What are the interest rates they demand?
Based on the amount of loan you take, they offer interest rates from 28% to 316%. - Do they offer long term credits?
No, only short term credits are allowed. - Do they allow persons with poor credit score?
Yes, the ones with lowest credit score are also welcome.
Feel free to tell us in the comment section below, what you think about opploans?