Secured Personal Loan

In this comprehensive review, we explore Oportun® Secured Personal Loan designed to meet diverse financial needs. Discover how Oportun® stands out with its competitive interest rates, flexible borrowing limits, and rewarding perks.
2250 - 18500 $
Loan Amount
60 Months
Repayment Term
29 - 35.95 %

Product Details

General Info
 Loan Amount Loan Amount
2250 - 18500 $
Repayment Term Repayment Term
60 Months
Required documents Required documents
SSN, ID, Clear title
Do I fit in?
Age Age
from 18 years
Credit Score Credit Score
Income required Income required
29 - 35.95 %

How to Apply for a Oportun Secured Personal Loan?

  1. Apply for a Loan. You can apply for a loan from Oportun online. You'll need to provide information such as your name, address, employment information, and financial information to apply.

  2. Review and Accept Loan Terms. If you're approved for a loan, Oportun will provide you with the loan terms and conditions, including the loan amount, interest rate, fees, and repayment terms. You'll need to review and accept these terms to receive the loan.

  3. Receive Funds. Once you've accepted the loan terms, Oportun will provide you with the loan funds. This can be done through direct deposit to your bank account or by receiving cash at one of their retail centers.

  4. Repay the Loan. As specified in the loan agreement, you'll need to repay the loan on the due date. Oportun may automatically deduct the loan repayment from your bank account on the due date, or you may need to repay the loan in-person at one of their centers.

Conditions and Requirements


  • Eligibility. Based on state of residence and creditworthiness.

  • Loan Amounts. Loan amounts range to $18,000, providing flexibility for varying financial needs.

  • Fees. Between $5 to $15 or up to 5% of the unpaid amount, depending on the circumstances.

  • Repayment. Terms range from 1 to 5 years, allowing for flexibility in managing repayment schedules.

  • Usage. Secured loans from Oportun can be utilized for a variety of purposes including unexpected expenses, home repairs, medical bills, and debt consolidation among others.


  • Age and Citizenship. You must be at least 18 years old and be a U.S. citizen or permanent resident.

  • Identification. A valid Social Security number or Individual Taxpayer Identification Number is required, along with a government-issued photo ID such as a driver's license or passport.

  • Income. Having a steady income is crucial as it impacts your ability to repay the loan.

  • Credit Score. While Oportun is known for its flexible credit score requirements, with a general range of 300 - 700, they also cater to individuals with no credit history.

  • Purpose of Loan. Be prepared to explain what you plan to use the loan for as personal loans can be used for a variety of purposes including unexpected expenses, home repairs, medical bills, debt consolidation, and others. However, there are certain restrictions, for instance, personal loans can't be used for student loans or business expenses​​.


Is it easier to get approved for a secured loan?

Do secured loans hurt your credit?

Company documents

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Last update 16.02.2024