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  OneMain Financial Auto Refinance
OneMain Financial Auto Refinance
in Auto Loan Refinancing from OneMain Financial
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OneMain Financial Auto Refinance

Claimed
in Auto Loan Refinancing from OneMain Financial
Net Recommendation Score +100  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

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.

Rating not yet determined  

4 users recommend
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Highlights
Community Rating

Rating not yet determined  
Credit Score Range N/A
Loan Amount $1,500 - $20,000
APR  (Fixed APR) 18% - 35.99%
(Verified 03/16/2023)
Loan Term (Months) 24 - 60 months

OneMain Financial Auto Refinance Review

OneMain Financial auto refinance is an auto loan refinance offering by OneMain Financial, based in Evansville, IN. Founded in 1912, OneMain Financial offers auto refinance loans in 44 states across the USA.

Key Takeaways

  • APRs starting at 18%. The starting rates for OneMain Financial Auto Refinance are on the higher end of the spectrum.
  • Vehicle types. OneMain Financial only refinances cars and trucks.
  • Refinancing for small loan amounts. Supports refinancing as little as $1,500. If you have a small amount remaining on your loan this is one of your best options.
  • Fast funding process. In some cases, you may be able to refinance the loan within one business day.
  • Origination fees of $25 to $500.

OneMain Financial auto refinance Pros & Cons

Pros Cons
  • Available in 44 states.
  • $0 prepayment fee.
  • Funding available within 0 business day.
  • APRs as high as 35.99%.
  • Charges an origination fee.
  • Charges a late fee of up to $30.

OneMain Financial auto refinance FAQ

How much can you borrow via OneMain Financial auto refinance?

Auto refinance loan amounts start at $1,500 and go up to $20,000.

What are the auto loan refinancing rates offered through OneMain Financial auto refinance?

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

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

OneMain Financial auto refinance offers auto refinancing 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 auto refinancing loan, the more interest you will pay.

Does OneMain Financial auto refinance charge an origination fee on auto refinance loans?

Yes, OneMain Financial auto refinance charges a loan origination fee of $25 to $500

Does OneMain Financial auto refinance charge a late fee?

Yes, auto refinance loans via OneMain Financial auto refinance are subject to late payment penalty fees of up to $5.

Does OneMain Financial auto refinance charge prepayment fees?

No, there is no prepayment penalty.

What do you need to qualify for OneMain Financial Auto Refinance?

OneMain Financial Auto Refinance 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 Auto Refinance does not have or does not disclose a minimum annual income eligibility requirement. OneMain Financial Auto Refinance only considers borrowers who are employed.

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 Auto Refinance. Their rates fall within the limits of The Military Lending Act.

U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by OneMain Financial Auto Refinance.

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

  • Recent pay stubs
  • Proof of income
  • Driver's license
  • Government issued photo ID
  • Proof of identity
  • Proof of citizenship or residence permit

What is the estimated funding time for a car loan refinance with OneMain Financial auto refinance?

Auto refinance loan applications are typically approved (or denied) within 1 hour and funded within 0 to 2 days of approval.

Does OneMain Financial Auto Refinance report your account activity to credit bureaus?

Yes, OneMain Financial Auto Refinance reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

OneMain Financial Auto Refinance 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.
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Message From OneMain Financial auto refinance

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

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Availability

  Available in 44 states
  • Alaska
  • Arizona
  • California
  • Colorado
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • 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

Late Fee Amount $5 - $30
No Prepayment Fee
Origination Fee ($) $25 - $500
Employment Statuses Considered
  • Other
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Joint Loan Applications Accepted
  • Individual Applications
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Supported Income Types
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
  • Tax Returns
Vehicle Type Auto
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Recent Pay Stubs
  • Proof of Income
  • Proof of Identity
  • Government Issued Photo ID
Approval Speed 1 hour
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Customizable Payment Dates
Funding Time Range 0 - 2 days
Payment Options
  • Automatic Payments
  • Check by mail
  • Storefront
  • Credit/Debit Card
  • Bank Transfer
Pre-Qualified Soft Credit Inquiry
APR (Fixed APR) 18% - 35.99%
(Verified 03/16/2023)
APR Type Fixed APR
Loan Term 24 - 60 months
Loan Amount $1,500 - $20,000

OneMain Financial Auto Refinance Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

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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