How to apply for OppLoans
Discover the process for obtaining this personal loan with effortless approval to borrow up to $1,000 right away!
During challenging economic times, many individuals find themselves in need of financial assistance. Whether it’s for debt consolidation, unexpected expenses, or medical emergencies, securing a loan can be crucial. OppLoans recognizes this need and aims to provide a solution with their unsecured, short-term personal loan offering, which can amount to up to $1,000.
Boodle personal loans can be a valuable resource for those seeking financial assistance. If you’re wondering about the requirements and steps involved in getting approved, you’ll find all the information you need right here.
Who is eligible for a Boodle personal loan?
OppLoans has tailored its funding options to cater to customers with less-than-perfect credit. This means that the application requirements are less stringent compared to major banks.
When applying for an OppLoans personal loan, you must meet the following criteria:
- Be a U.S. citizen or permanent resident
- Be at least 18 years old
- Have a valid Social Security Number
- Be employed for a minimum of three months.
Although OppLoans does not disclose a specific minimum income requirement, you will need to provide some documentation during the application process, such as proof of income and proof of address.
How to apply for a Boodle personal loan?
Once you have confirmed that you meet all the requirements, you can start your application on OppLoans’ website or through their phone app.
If you choose to apply through the website, simply follow these steps:
- Go to the OppLoans website
- Click on the “Apply Now” button on the homepage
- Select the desired loan amount and specify the purpose of the loan
- Enter your personal information, including your full name, address, phone number, and email address
- Provide your employment details, such as your employer’s name, job title, monthly income, and pay frequency
- Submit your bank account information, including your bank’s name, account number, and routing number
- Review your application and submit it
Once you have submitted your application, you can expect to receive a loan decision within minutes. If approved, the funds will be deposited into your account within 24 hours.
Looking for a personal loan from a major bank?
If you prefer to obtain a personal loan from a major bank, Axos Bank is worth considering. Axos Bank offers two types of personal loans, each designed to meet different needs and situations.
Both of Axos Bank’s personal loans do not require collateral, making the application process more accessible for customers.
Express Personal Loan vs. Direct Deposit Loan
The Express Personal Loan is ideal for those in need of fast funds. It offers loans ranging from $1,000 to $35,000, with repayment terms lasting from 12 to 60 months.
For the Express Personal Loan, interest rates start at 6.49% APR and can go up to 25.49% APR.
The Direct Deposit Loan is tailored for customers who receive their paychecks through an Axos Bank account and require smaller loan amounts.
This loan allows customers to borrow up to $6,000, with repayment terms ranging from 6 to 24 months and interest rates between 6.90% APR and 16.90% APR.
Benefits of Axos Bank’s personal loans
Axos Bank offers several benefits with their personal loans. One of the greatest advantages is their preapproval list, which means that customers and non-customers may already have an available amount for borrowing.
Additionally, you can check if you have preapproval without leaving your home. As a fully digital bank, Axos Bank’s services are available to customers in all 50 states, offering a simplified and fast application process.
Other benefits of Axos Bank’s personal loans include:
- Competitive interest rates
- Flexible repayment terms
- No prepayment penalties
Furthermore, Axos Bank provides a 0.25% interest rate discount to customers who set up automatic payments from their Axos Bank account.
How to apply for an Axos Bank personal loan?
If you are interested in Axos Bank’s personal loans, click the green button to access the step-by-step application guide.
