Oportun Financial Corporation

Oportun is a fintech lender and bank that targets consumers with little or no credit history, including many first-time borrowers and immigrants who may not have an established US credit file. The company operates in English and Spanish and positions itself as a mission-driven lender focused on financial inclusion.

Oportun offers personal loans that are available both in person at retail locations in several states and online. It also offers a secured personal loan product and a credit card. Because Oportun lends to consumers with limited or no credit history, it uses alternative data alongside any available credit information to assess applications.

While Oportun serves an underserved population, consumers should still compare all options before borrowing. Interest rates at Oportun may be higher than those at mainstream banks or credit unions, particularly for consumers who have no established credit. Credit unions with community development missions sometimes offer small-dollar loan products for consumers with limited histories at lower rates.

Oportun reports payment activity to the major credit bureaus, so on-time repayment can help establish or build your credit profile over time. This is a meaningful benefit for borrowers who have no prior credit history.

Before taking any personal loan, calculate the total amount you will repay over the full term, including all interest and fees, and make sure the monthly payment fits comfortably within your budget. Borrow only what you need for a specific purpose.

Oportun received a national bank charter and is supervised by the Office of the Comptroller of the Currency. Product availability, loan amounts, and rates vary by state. Review all current terms directly with Oportun before applying.