CLEARBORROW · PUBLISHED NOVEMBER 12, 2026
Oportun review: 35.99% APR cap, fees and limits
Oportun offers unsecured personal loans of $300 to $10,000 with APRs no higher than 35.99%, plus an administrative fee of up to 10% that is taken from the loan. Amounts above $6,000 are not available to first-time borrowers. Its own example: borrow $3,333, receive $3,000 after a $333 fee, at 35.95% APR. That is far cheaper than triple-digit lenders but more than a bank or credit union loan for good credit.
Independent review. Oportun is not a ClearBorrow partner and we earn nothing from it. Facts come from Oportun’s own published pages, checked November 12, 2026; we did not apply for a loan. Terms differ by state.
On this page
Published terms
| Oportun unsecured personal loan | |
|---|---|
| Amounts | $300–$10,000; above $6,000 not for first-time borrowers |
| APR | No higher than 35.99% |
| Administrative fee | Up to 10% of the principal |
| Term | 12–48 months on its terms page |
| Secured option | $2,525–$18,500 using a vehicle, in select states |
| State limits | Not below $3,100 in Georgia or below $1,600 in Hawaii |
Sources: Oportun pricing information ↗, Oportun ↗, Oportun terms ↗.
Oportun’s own example
For an unsecured loan with a principal of $3,333, a 30-month term, a 10% administrative fee of $333 and a 35.95% APR, the borrower receives $3,000 and makes 65 payments of $70 every two weeks (Oportun ↗). Multiplied out, that is $4,550 repaid for $3,000 received (our arithmetic).
Why the fee matters
Because the fee comes out of the loan, ask for the amount you will actually receive. If you need $3,000 in hand, the principal may be about $3,333. The APR includes the fee, so compare APRs and total repayment across lenders.
Strengths and weaknesses
| Strengths | Weaknesses |
|---|---|
| APR capped at 35.99% | Fee of up to 10% reduces the cash you receive |
| No credit history required to apply | First-time borrowers limited to $6,000 |
| Loans from $300 | Still more expensive than prime-credit loans |
Alternatives to compare
- Credit union PALs for up to $2,000 at 28% APR or less.
- A bank or credit union personal loan if your credit is fair or better.
- NetCredit if you need larger amounts and cannot qualify for under 36% — but expect a higher APR.
Questions
Does Oportun require a credit score?
Oportun says no credit history is required to apply; approval and terms still depend on your application.
Is the 10% fee always charged?
Oportun says the administrative fee is up to 10% and may be lower depending on loan size and term.
Is Oportun cheaper than OppLoans or RISE?
On published maximums, yes: 35.99% APR versus triple-digit APRs. Compare your actual offers on the same amount.
Sources and limits
- Oportun: personal loans — pricing information and administrative fee ↗
- Oportun: payday loans vs personal loans ($300–$10,000, APR 35.99% or lower) ↗
- Oportun: loan terms page (12–48 months, typical amounts, secured example) ↗
- NCUA: PALs I and PALs II requirements ↗
Sources checked November 12, 2026. Lenders change rates, amounts and state coverage; confirm on the lender’s own rates page for your state before applying. Worked examples are our own arithmetic unless marked as the lender’s published example. How we use sources.