OppLoans vs RISE

The short version

OppLoans and RISE are priced in the same general neighborhood — both triple-digit installment lenders for borrowers with damaged or thin credit — but their ranges don’t line up exactly. OppLoans’ APR runs 129% to 195% as of September 2026, on loans of $500 to $5,000 repaid over 9 to 18 months. RISE’s APR runs from about 60% to 299%, on the same $500-to-$5,000 loan size but over a longer 7-to-36-month term; its Texas and Florida pages narrow that range to 99% to 199%.

Both lenders set no published minimum credit score, and both lean on the same alternative-data source to make the call: a hard inquiry through Clarity Services, a credit bureau most mainstream lenders don’t check. OppLoans pairs that with a soft inquiry on your Experian report; RISE’s own soft inquiry happens at the pre-qualify stage, before the hard pull. The structural difference that matters most is term length and what protections come with it — RISE’s terms run up to three years and add a five-business-day window to cancel, where OppLoans caps out at a year and a half.

Rates and fees

OppLoans’ APR runs 129% to 195%, and neither OppFi nor its bank partners charge an origination fee or a prepayment penalty. An APR already includes the origination fee by definition, so on a loan with no fee at all, we simply amortize the full $2,000 you receive at 162% APR over 12 months — the midpoint of OppLoans’ range. The monthly rate is 162% ÷ 12 = 13.5%, or r = 0.135. Over 12 months, (1+r)^-12 = (1.135)^-12 ≈ 0.2188. The payment works out to $2,000 × 0.135 ÷ (1 − 0.2188) = $345.62 a month, for a total of about $4,147.44 paid back — a total cost of roughly $2,147.44 over the $2,000 received. This is our own arithmetic, not a lender quote.

RISE’s personal loans page lists APRs of about 60% to 299%, and RISE also charges no application fee, no origination fee, and no prepayment penalty. An APR already includes the origination fee by definition, so on a loan with no fee at all, we simply amortize the full $2,000 you receive at 179.5% APR over 12 months — the midpoint of RISE’s range. The monthly rate is 179.5% ÷ 12 ≈ 14.958%, or r ≈ 0.14958. Over 12 months, (1+r)^-12 = (1.14958)^-12 ≈ 0.1877. The payment works out to $2,000 × 0.14958 ÷ (1 − 0.1877) = $368.31 a month, for a total of about $4,419.72 paid back — a total cost of roughly $2,419.72 over the $2,000 received. This is our own arithmetic, not a lender quote.

On these identical $2,000, 12-month examples, OppLoans’ midpoint costs about $272 less in total interest than RISE’s midpoint. But the two ranges overlap: RISE’s 60% floor is well below OppLoans’ 129% floor, and on RISE’s narrower Texas and Florida range (99% to 199%), the low end can land below OppLoans’ own midpoint. Which lender actually costs less depends on the specific rate each one offers you, not just the headline ranges.

Who qualifies

OppLoans doesn’t set a minimum credit score. Its application generates a soft inquiry on your Experian report, which doesn’t affect your score, plus a hard inquiry through Clarity Services, an alternative bureau that weighs banking history, income, and repayment behavior on other short-term loans. You need to be at least 18, a U.S. citizen or permanent resident, hold an active checking account, and show recurring income, ideally by direct deposit. OppLoans is excluded from Colorado, Connecticut, Georgia, Iowa, Maryland, New York, South Dakota, Vermont, and West Virginia.

RISE also sets no minimum credit score, basing its decision on what it judges you can afford, your application, your credit history, and the terms offered in your state. Checking whether you pre-qualify is a soft inquiry with no FICO impact; a full application places the same kind of hard inquiry with Clarity Services that OppLoans runs. You need a valid checking account, a valid email address, and income above a state-specific minimum RISE doesn’t publish. RISE operates from a list of 30 states rather than an exclusion list, and one of those states is Georgia — a state OppLoans doesn’t serve, so RISE is the only one of the two available there.

Speed and funding

OppLoans can deposit funds by ACH the same day you’re approved, if your bank details are verified before about 12:00 p.m. Central time on a business day; approvals after that cutoff, or over a weekend, fund the next business day. RISE doesn’t offer that same-day option: it says applications processed and approved before 6 p.m. Eastern time are typically funded the next business day by direct deposit, and choosing a paper check instead can take 7 to 10 days to arrive by mail. On the funding timelines each lender publishes, OppLoans is the one that can get money to you before the next business day.

Where each one wins

• OppLoans — same-day ACH funding is possible if you’re approved before the daily cutoff; RISE’s own soonest stated option is the next business day.
• OppLoans — states that it reports payment history to all three major credit bureaus.
• RISE — terms up to 36 months, twice OppLoans’ 18-month maximum, for a lower monthly payment on the same loan amount.
• RISE — a five-business-day window to rescind an online loan after signing, which OppLoans doesn’t offer on the pages we checked.
• RISE — available in Georgia, a state OppLoans excludes.

Bottom line

OppLoans and RISE are close enough in price and structure that the better fit usually comes down to your state and how long you want to be repaying. OppLoans funds faster and reports to all three credit bureaus by name; RISE spreads payments over a longer term, gives you a five-day window to change your mind, and reaches into Georgia, where OppLoans doesn’t lend. Neither is cheap — both are triple-digit-APR products built for a borrower with damaged or thin credit — so it’s worth reading payday loan alternatives before you commit to either one. Compare your actual offer from each and start a loan request to see what you qualify for. Full reviews: OppLoans and RISE.