If you’re looking for a loan but have a less than ideal credit score, you may have come across OppLoans. OppLoans is an online lender that offers personal loans to borrowers with poor credit. While OppLoans can be a convenient option for those who have been turned down by traditional lenders, there are a number of other lenders out there that offer similar loan products. In this blog post, we’ll explore some of the top alternatives to OppLoans.
1. BadCreditLoans.com
BadCreditLoans.com is an online lending platform that specializes in connecting borrowers with poor credit to lenders who are willing to work with them. They offer personal loans of up to $10,000 with repayment terms ranging from three to 36 months. Like OppLoans, BadCreditLoans.com is available to borrowers with credit scores as low as 300. However, their interest rates can be higher than those offered by OppLoans, so be sure to compare rates before applying.
2. PersonalLoans.com
PersonalLoans.com is another online lending platform that connects borrowers with lenders who offer personal loans. They offer loans of up to $35,000 with repayment terms of up to 72 months. Like OppLoans, PersonalLoans.com is available to borrowers with poor credit. However, they do have minimum credit score requirements, so be sure to check their website before applying.
3. Avant
Avant is an online lender that specializes in personal loans for borrowers with poor credit. They offer loans of up to $35,000 with repayment terms of up to 60 months. While their interest rates can be higher than those offered by traditional lenders, they may be lower than those offered by OppLoans. Avant also offers a prequalification process that allows you to see what kind of loan you might qualify for without affecting your credit score.
4. LendingPoint
LendingPoint is an online lender that offers personal loans of up to $25,000 with repayment terms of up to 48 months. They specialize in loans for borrowers with fair credit, but they may also work with those who have poor credit. Like Avant, LendingPoint offers a prequalification process that allows you to see what kind of loan you might qualify for without affecting your credit score.
5. OneMain Financial
OneMain Financial is a traditional lender that offers personal loans to borrowers with poor credit. They have physical branches across the country, so you may be able to visit a local branch to apply for a loan. They offer loans of up to $20,000 with repayment terms of up to 60 months. While their interest rates can be higher than those offered by other lenders, they may be lower than those offered by OppLoans.
6. Upgrade
Upgrade is an online lender that offers personal loans of up to $50,000 with repayment terms of up to 60 months. They specialize in loans for borrowers with fair credit, but they may also work with those who have poor credit. Like Avant and LendingPoint, Upgrade offers a prequalification process that allows you to see what kind of loan you might qualify for without affecting your credit score.
7. Peerform
Peerform is an online lender that offers personal loans of up to $25,000 with repayment terms of up to 36 months. They specialize in loans for borrowers with poor credit. While their interest rates can be higher than those offered by traditional lenders, they may be lower than those offered by OppLoans. Peerform also offers a prequalification process that allows you to see what kind of loan you might qualify for without affecting your credit score.
8. SoFi
SoFi is an online lender that offers personal loans of up to $100,000 with repayment terms of up to 84 months. While they primarily focus on loans for borrowers with good credit, they also offer personal loans to those with fair credit. Their interest rates can be lower than those offered by traditional lenders and their loan amounts can be higher than many other lenders on this list.
9. Upstart
Upstart is an online lender that specializes in loans for borrowers with limited credit history or poor credit. They offer personal loans of up to $50,000 with repayment terms of up to 60 months. They also use non-traditional underwriting methods, such as analyzing education and employment history, to determine creditworthiness. This can be beneficial for borrowers who have a limited credit history.
10. NetCredit
NetCredit is an online lender that offers personal loans to borrowers with poor credit. They offer loans of up to $10,000 with repayment terms of up to 60 months. Like OppLoans, they have a quick and easy application process and may be able to fund your loan within one business day. However, their interest rates can be higher than those offered by other lenders, so be sure to compare rates before applying.
In conclusion, if you’re in need of a personal loan but have a poor credit score, there are many alternatives to OppLoans available. While it can be tempting to accept the first loan offer you receive, be sure to compare rates and terms from multiple lenders before making a decision. By doing so, you can ensure that you’re getting the best possible loan for your financial situation.
