OneMain Financial Car Purchase Loans

OneMain Financial Car Purchase Loans Review

OneMain Financial Car Purchase Loans is offered by OneMain Financial, a direct lender founded in 1912 and based in Evansville, IN. OneMain Financial Car Purchase Loans are available in 44 states across the USA.

OneMain Financial FAQ

How much can you borrow via OneMain Financial?

OneMain Financial loan amounts start at $1,500 and go up to $20,000.

What APR does OneMain Financial offer on its car loans?

OneMain Financial offers a fixed apr car loan product that ranges from 18% APR up to 35.99% APR.

Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

What is the maximum auto loan term you can get with OneMain Financial?

OneMain Financial has car loans with terms ranging from 24 to 60 months. Having the option of longer terms -- terms can range up to 144 months -- allows borrowers to take on larger auto loan amounts while keeping monthly payments more affordable. However, the longer the term of your auto loan, the more interest you will pay.

Does OneMain Financial charge an origination fee?

Yes, OneMain Financial may charge a loan origination fee.

Does OneMain Financial charge a late fee?

Yes, OneMain Financial charges borrowers with a late payment penatly fee

Does OneMain Financial charge prepayment fees?

No, OneMain Financial will not charge you a fee for paying your loan early. Whenever possible choose lenders like OneMain Financial that don't charge a prepayment fee. These fees can reduce or even cancel the interest savings of repaying a loan early.

Can I pay off early my OneMain Financial loan?

Yes, you can. OneMain Financial does not charge a prepayment fee, so you can save money by paying your car loan early.

What do you need to qualify for OneMain Financial Car Purchase Loans?

OneMain Financial Car Purchase Loans does not have or does not disclose a minimum annual income eligibility requirement. OneMain Financial Car Purchase Loans will consider borrowers regardless of their employment status if they can prove their ability to repay their obligations. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members are eligible to apply for a loan via OneMain Financial Car Purchase Loans. Their rates fall within the limits of The Military Lending Act.

To qualify, applicants may need to provide the following documentation:

• Recent pay stubs
• Driver's license
• Proof of citizenship or residence permit

What is the estimated funding time for a car loan via OneMain Financial?

Is OneMain Financial a legit company?

OneMain Financial was founded in 1912, it is a well-established company that has been in business for 111 years. Based on their "mostly recommended" SuperMoney community rating, they seem to be a reputable company.