Important disclosure

Oplo Loan Overview

Oplo personal loans logo

Ever wished your financial decisions made an impact on the world? Yes, you may not have vast riches or alien superpowers. But rather than doing nothing, starting small will go a long way. Why not start by getting an Oplo personal loan?

You might have been dreaming about getting a new electric car to reduce your carbon footprint. If you like businesses that value the same things as you do, this lender might just be right for you. Don’t waste time—use the info below and our Oplo loans calculator to compare interest rates.

Terms from 1 to 10 years. Representative example: 5 year £10,000 loan with comparison rates from 2.8% to 49.9% APR would cost between £10,728 and £27,321, including fees. The interest can vary between £728 and £17,321.

About Oplo loans

Oplo provides personal loans, home loans, and car loans. They’re the lending arm of the Oplo Group. After being purchased by Tandem Bank, they’ve been aggressive about living up to being “UK’s first consumer green digital bank.”

Oplo is notably proud of creating positive Environmental, Social, & Governance (ESG) impacts. Few of their programs include going carbon neutral, becoming paperless, and planting a tree for every loan borrowed.

Oplo’s journey so far

Over the years, Oplo has come a long way. They first launched home loans in 2009. Eventually, they secured funding from investors, which helped fuel their growth. Last year, they started offering the Customer Account Management Area. With this program, they aim to offer a variety of financial products and not just loans.

Key features of Oplo loans

  • Unsecured loan
  • £2,000 to £15,000 funds
  • 24 to 72-month repayment term
  • Fixed loan rate
  • No same-day funding
  • No joint applications
  • Does soft credit check
  • Representative 29.3% Annual Percentage Rate (APR)

How to apply for Oplo loans

You can apply for an Oplo personal loan online.

  1. Prepare to enter your personal information and submit proofs of income (ex. Your annual income, monthly outgoings, employment status, and address details for the past five years)
  2. Go to their Loans page
  3. Choose between an Oplo personal loan or a home loan
  4. Enter your desired amount in their loan calculator
  5. Click Next. After that, you’ll be asked to fill in the Application form.
  6. You’ll receive a decision after a few minutes via email

You’re eligible if you:

  • Are a homeowner
  • Earn more than £15,000 every year
  • Live in the UK permanently
  • Are 21 years old and above
  • Have a good credit score
  • Are employed full-time
  • Are not bankrupt

 

Oplo loans calculator

Loan Amount

£14,000

Term

3 months

Oplo

Oplo personal loans

EST Monthly Repayment
EST Monthly Repayment
27.80%
APR
EST Monthly Repayment
24 months
to 72 months
EST Monthly Repayment
£2,000
to £15,000
Our unsecured personal loans can help make your plans a reality, whether it’s home improvements, a holiday or the consolidation of existing debts.

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Minimum and maximum loan periods vary between 1 month and 10 years. APR varies between 2.80% and 71.30% p.a. Total interest repayments vary between £435 and £1,019 over the life of the loan. *APR is based on an unsecured loan of R£15,000 for a term of 3 years. WARNING: This APR is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different APR. These rates can change without further notice. All rates quoted are per annum.

FAQs about Oplo loans

Can I get my funds on the day I get approved?

Oplo might take up to 24 hours to release your funds. However, the application only takes a few minutes to complete.

Are early repayments allowed or free?

You can pay earlier, but you have to pay the fee, loan amount, and the interest up to the date of settlement, plus interest worth a month.

Does my credit score really matter when I borrow Oplo loans?

Yes and no. Oplo does hard and soft credit checks, but they still service people with bad credit scores. Soft credit checks also don’t affect your credit score.

Are overpayments allowed?

Yes, but remember that you’ll be paying two months of interest beyond the date on which you overpay.

Where do I send the repayments for my Oplo personal loan?

You can use Direct Debit to pay your monthly repayments.


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