Sometimes our dreams in life require a certain extra hand to finally come out. That usually means a little more money than we currently have in savings. A personal loan can certainly help, whether it’s to consolidate credit card debt or even to make a big purchase.
In this case, the best option is Oportun Personal Loan for those looking for attractive personal loan options, with up to 48 months and good limits to put in your pocket. It is the solution to pay off old debts and improve your financial life, and do whatever you want with the rest of your money. Besides, another option is to do any event, go shopping, travel, take a vacation, everything is possible.
Another interesting point to note is that Oportun offers quick disbursement, which is the best option during a financial emergency, with minimum loans from $300 to $12,000. If you own a car and live in California, Florida or Texas, you may also qualify for a guaranteed personal loan, which allows you to borrow from $2,525 to $20,000.
Pros and Cons for Oportun Personal Loan
Oportun Personal Loan can help you get the financing you need for a variety of purposes and with a few more advantages. For starters, most of their loans have very affordable and lower rates due to the short repayment period. Check out some other pros below:
- Fast loan disbursement
- Small loans starting at $300
- No credit history requirement
- Accepts new borrowers for credit
- Pre-qualify with a soft credit check
- Co-sign and limited secured lending options
- Secured and unsecured loan options available in some states
If you are looking for a great loan for any need, take advantage of Oportun Personal Loan because of all these advantages above.
Cons for Oportun Personal Loan
Certainly Oportun Personal Loan is not perfect. For starters, the rates on this loan are too high, being below 36%, a high figure where compared to other competitors it is as low as 10% – with that said, this can be a bad option if you’re thinking about long payment terms.
Still talking about fees, we have the origination fee, which is charged and taxed at 7% of the loan amount, reducing the loan amount by a few hundred dollars or more. Always be aware before closing deals with lenders.
Finally, the last point is that there is no option to be able to change the payment date, i.e. no flexibility when it comes to payments. Once a date has been chosen, it cannot be changed. Again, other competitors allow this change, something that will not be possible here.
How to Qualify for Oportun Personal Loan
Finally, to qualify for the Oportun Personal Loan, you must meet the following basic requirements:
- Have a valid ID
- Be 18 years old in most states
- Have at least $500 in monthly income
- Provide proof of income and address
- Provide personal references if requested
- Average annual income of $48,000
How to Apply
To get this application, the best way to apply is online through the application form provided on the official Oportun Personal Loan website.
Before applying for a loan, make sure you have evaluated your credit report and read all the details in the fine print to avoid confusion when the monthly payment due arrives. Oportun Personal Loan will likely perform an affordability assessment before providing access to funds.
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