What is a Personal Loan?

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Representative Example: Representative 25.2% APR based on a loan of £8,580 repayable over 54 months at an interest rate of 11.8% pa (fixed). 53 monthly payments of £255.06 and a final payment of £255.32. Total amount payable £13,773.50. Acceptance fee £395*.

Calculation based on representative APR – the rate you are offered will be based on your personal circumstances.
*We charge an acceptance fee of £395.00 which is added to the amount of credit you borrow. The repayment of the fee is included in the monthly repayments over the term of the loan as displayed. You are not required to pay this fee upfront.

Want to know what a personal loan is?

When it comes to life’s essential purchases, a personal loan can be a great way to borrow the funds you need. However, before you apply for a loan, it’s important that you understand all the advantages and disadvantages to discover the loan options that are the best fit for you.

One of the main benefits of unsecured loans is that, unlike secured loans, you don’t have to put any valuable assets, such as your house, up as collateral, so your home is not at risk if you do not keep up repayments. However, at Oplo, you will need to be a homeowner in order to be eligible to make a loan application with us.

Personal loans also let you borrow for a number of reasons. Unlike a student loan or car loan, an unsecured personal loan is not limited to a specific purpose. You can use them for everything from covering essential purchases to buying a new car or even consolidating your existing debt into a more manageable repayment.

We also allow you to tailor your unsecured loan to suit your individual needs. We could offer you a loan amount between £2000 to £15000, which you can repay over a period of 24 months up to 72 months. Shorter loan terms mean you pay back your loan sooner, while longer terms could give you lower monthly payments. However, unlike borrowing money on credit card, you will be required to make fixed monthly payments on time. If you have a good credit score, you could find that a personal loan offers more competitive interest rates than credit cards. On the other hand, if you have had a poor credit history, then you may find you are offered higher interest rates. However, with unsecured loans, your credit history may not be the barrier to borrowing you expect. We could approve your application even if you have been turned down by a lender in the past. Plus, we’ll give you an instant, no obligation quote using a soft credit check that won’t affect your rating.

Unsecured Personal Loans from Oplo

Here at Oplo we offer unsecured personal loans from £2,000 to £15,000 subject to your personal circumstances, simply complete our online application form for a decision. Whether you’re looking for a new car, redesigning your kitchen or thinking of a major purchase, our unsecured personal loan could help to make your plans a reality. 30.8% APR Representative (fixed).

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Ok, firstly - don't worry, we're here to help. First, I need to know what type of loan you have?
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What APR will I get?
Do you charge a fee?
Can I use my loan for anything I choose?
Am I eligible to apply?
No problem! Click here to learn more about Oplo.

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If you have had your loan for at least 6 months, please email customerservices@myoplo.co.uk with your details and we will be in touch.
That's fine, our general enquiries line is 01253 601950 and we are open from 8am to 5.30pm weekdays. Thanks for chatting with Loop, have a great day!
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Personal Loans
Home Loans
Car Finance.

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No problem, we've got a page explaining all our loan products here.

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Click here to find out more about us.

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Click here read about what our customers say about us.

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Please call 01253 603960 to speak to our Customer Assistance Team.

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Please call 01253 603962 to speak to our Customer Assistance Team.

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Please call 0191 492 1919 to speak to our Customer Assistance Team.

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Just email pl@myoplo.co.uk with your agreement number and one of our team will provide you with your figure.

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Just email homeloans@myoplo.co.uk with your agreement number and one of our team will provide you with your figure.

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Just email hp@myoplo.co.uk with your agreement number and one of our team will provide you with your figure.

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The quotation you receive is based on your personal situation and is dependent on many factors such as your credit history, credit rating and financial status.

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When you take out an Oplo loan, an administration fee is added to the loan amount. The fee is part of your monthly repayments.

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Except for our Car Finance loans, which are for a specific vehicle, you can use your funds as you wish.

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You need to be 21 years old or over, be a homeowner, be a UK resident, be in permanent paid employment and NOT be bankrupt, under a current IVA or on a debt management arrangement.

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