OppFi Investor Presentation Deck
OppFi Advantage: The OppFi Approach to Lending
Traditionally financing options for the underbanked have been limited,
with exorbitant interest rates and poor customer service
The OppLoan's Market Leading Terms
Simple interest, amortizing installment
loans with no balloon payments
No origination fees
No late fees
No NSF fees
No prepayment penalties
Market-based offers provide options based on amount,
interest rate, and term
Report to the 3 major credit bureaus.
Work compassionately with customers who require
payment plan modification
00
Underbanked Option APRS
~17,000%
~450%-
950%
li
Bank Overdraft¹ Tribal
Lenders 2
1. Credit Karma; based on average charge of $34 on average transaction of $24 to be repaid within three days
2. CFPB; from 2017 lawsuit, the annual percentage rates for four tribal lenders' installment loan products was between 440% and 950%
3. FTC and CFPB; based on title lenders charging average of 25% per month and typical two-week payday loan with a $15 per $100 fee
4. FTC; based on $83/month, 12-month Lease to Own ("LTO") plan to purchase $500 item and $39/week, 48-week LTO plan to purchase $600 item
5. Lend Academy; assumes $200 amount financed with $5 finance charge 7 days between the advance and employee's regularly scheduled paydate
~300%-
400%
~100%-
300%
~130%
A
Cheaper,
Better
Product
for Non-
Prime
Average Loan
Amount
~$1,500
Average Term
~11 Months
~59%-
160%
Payday & Title Lease to Own* Earned Wage OppFi™
Loans 3
Access 5
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