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 is available in 46 states across the USA.

How much can you borrow via OneMain Financial Car Purchase Loans?

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

What APR does OneMain Financial Car Purchase Loans offer on its auto loans?

OneMain Financial Car Purchase Loans offers a fixed APR auto 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 loan term you can get with OneMain Financial Car Purchase Loans?

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

Does OneMain Financial Car Purchase Loans charge an origination fee?

Yes, OneMain Financial Car Purchase Loans may charge a loan origination fee.

Does OneMain Financial Car Purchase Loans charge a late fee?

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

Does OneMain Financial Car Purchase Loans charge prepayment fees?

No, OneMain Financial Car Purchase Loans will not charge you a fee for paying your loan early. Whenever possible choose lenders like OneMain Financial Car Purchase Loans 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 Car Purchase Loans loan?

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

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

Applicants with a credit score of at least 560 and up to 750 are eligible for OneMain Financial Car Purchase Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

To qualify for auto loans with OneMain Financial Car Purchase Loans, applicants need a minimum annual income of $7,200 or higher. OneMain Financial Car Purchase Loans only considers borrowers who are employed and meet the minimum income requirement.

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 and their covered dependents are eligible to apply for a loan via OneMain Financial Car Purchase Loans. Their rates fall within the limits of The Military Lending Act.

Permanent resident / green card holders are also eligible to apply.

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 an auto loan via OneMain Financial Car Purchase Loans?