OppLoans has some of the most accessible eligibility criteria in the bad credit personal loan market. Here is what you actually need to qualify.
To qualify for an OppLoans personal loan, applicants must meet all of the following criteria. OppLoans does not make exceptions to these requirements regardless of how strong other aspects of the application are.
Alimony, child support, or separate maintenance income is optional to include and is not required.
OppLoans does not publish a minimum credit score requirement, and the bank partners that originate OppLoans loans do not base funding decisions exclusively on FICO scores or traditional credit history.
This is the core appeal of OppLoans for bad-credit borrowers. In practice, most approved applicants have credit scores between 580 and 650, but approvals have been recorded for scores below 580. The more important factors are stable verifiable income and a clean active bank account.
A thin credit file — or no credit history at all — is also possible to work with, though the loan amount may be lower for first-time borrowers.
| Credit Tier | Typical Outcome |
|---|---|
| No credit / thin file | Possible; lower amounts likely |
| 580 and below | Possible with strong income |
| 580–650 (typical) | Most common approval range |
| 650–700 | Usually approved; may access lower APR via TurnUp |
| 700+ | Likely qualify for cheaper alternatives (<36% APR) |
Credit score alone does not determine approval. Income, banking history, and state of residence are equally important factors.
The minimum monthly gross income is $1,500. Applicants earning less than this threshold are automatically declined, regardless of credit score or banking history.
OppLoans requires income to be received via direct deposit. If you are paid in cash, by check, or through a payment app, you will not be able to verify income sufficiently through OppLoans' automated bank review.
Your bank account must have at least 40 days of history. A brand-new checking account — even with a high balance — will result in a denial.
If you live in a state where OppLoans does not operate, your application cannot be processed. See the full list of available states.
OppLoans cannot accept ITIN or foreign passport as identification. A US Social Security Number is mandatory for all applicants.
Borrowers who currently have an open OppLoans loan are not eligible to apply for a second one. You must fully repay your current loan before reapplying.