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  OneMain Financial Car Purchase Loans
OneMain Financial Car Purchase Loans
in Auto Loans from OneMain Financial
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OneMain Financial Car Purchase Loans

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in Auto Loans from OneMain Financial
SuperMoney Net Recommendation Score +44  

SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly recommended by SuperMoney users with a score of +44, equating to 3.9 on a 5 point rating scale.

+44

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Mostly recommended

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Highlights
Community Rating Mostly recommended
Credit Score Range N/A
Loan Amount $1,500 - $20,000
APR  (Fixed APR) 18% - 35.99%
(Verified 03/21/2023)
Loan Term (Months) 24 - 60 months
Number of Reviews 9

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 require or does not disclose a credit score minimum. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

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?

OneMain Financial will typically approve (or deny) a car loan application within 1 hour and fund the car loan within 1 business day of approval.

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.

OneMain Financial Car Purchase Loans Disclosure: Not all applicants will be approved. Loan approval and actual loan terms depend on your ability to meet our credit standards (including a responsible credit history, sufficient income after monthly expenses, and availability of collateral). If approved, not all applicants will qualify for larger loan amounts or most favorable loan terms. Larger loan amounts require a first lien on a motor vehicle no more than ten years old, that meets our value requirements, titled in your name with valid insurance. Loan approval and actual loan terms depend on your state of residence and your ability to meet our credit standards (including a responsible credit history, sufficient income after monthly expenses, and availability of collateral). APRs are generally higher on loans not secured by a vehicle. Highly-qualified applicants may be offered higher loan amounts and/or lower APRs than those shown above. OneMain charges origination fees where allowed by law. Depending on the state where you open your loan, the origination fee may be either a flat amount or a percentage of your loan amount. Flat fee amounts vary by state, ranging from $25 to $500. Percentage-based fees vary by state ranging from 1% to 10% of your loan amount subject to certain state limits on the fee amount. Visit omf.com/loanfees for more information. Loan proceeds cannot be used for postsecondary educational expenses as defined by the CFPB’s Regulation Z such as college, university or vocational expense; for any business or commercial purpose; to purchase cryptocurrency assets, securities, derivatives or other speculative investments; or for gambling or illegal purposes. Borrowers in these states are subject to these minimum loan sizes: Alabama: $2,100. California: $3,000. Georgia: Unless you are a present customer, $3,100 minimum loan amount. North Dakota: $2,000. Ohio: $2,000. Virginia: $2,600. Borrowers (other than present customers) in these states are subject to these maximum unsecured loan sizes: North Carolina: $7,500. An unsecured loan is a loan which does not require you to provide collateral (such as a motor vehicle) to the lender. Example Loan: A $6,000 loan with a 24.99% APR that is repayable in 60 monthly installments would have monthly payments of $176.07.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From OneMain Financial

For over 100 years, we’ve been helping hard-working people tackle life’s challenges by providing the help you need when you need it. Our loan experts are from your community, understand your unique situation, and will treat you with honesty, dignity, and respect. Our goal is to deliver the best customer experience and empower you to take control of your finances.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 5:00am - 5:00pm
  • Tuesday 5:00am - 5:00pm
  • Wednesday 5:00am - 5:00pm
  • Thursday 5:00am - 5:00pm
  • Friday 5:00am - 5:00pm
  • Saturday Closed

Other Services by OneMain Financial

Availability

  Available in 44 states
  • Alabama
  • Arizona
  • California
  • Colorado
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

No Prepayment Fee
Employment Statuses Considered
  • Other
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
  • Unemployed
Immigration Status Considered
  • U.S. Permanent Resident
Joint Loan Applications Accepted
  • Cosigner
Military Status
  • Active Duty Military
  • Non-Military
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Recent Pay Stubs
APR Type Fixed APR
Loan Amount $1,500 - $20,000
APR (Fixed APR) 18% - 35.99%
(Verified 03/21/2023)
Loan Term 24 - 60 months

OneMain Financial Car Purchase Loans Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly recommended by SuperMoney users with a score of +44, equating to 3.9 on a 5 point rating scale.

+44

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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