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OneMain Financial

in Personal Loans

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OneMain Financial

Claimed

in Personal Loans

SuperMoney Net Recommendation Score -80% 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.

Strongly not recommended

1 users recommend
2 users are unsure
17 users don't recommend
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Overview

Where does OneMain Financial do business?

OneMain Financial is based in Irving, TX. It was founded in 1912 and offers access to personal loans in 44 states across the USA.

What are the APRs offered via OneMain Financial?

OneMain Financial offers personal loans with APRs starting at 16% and up to 36%.

Does OneMain Financial charge an origination fee?

Yes, OneMain Financial charges a loan origination fee of 1% to 5% of the loan amount. OneMain Financial deducts the fee directly from your loan amount before depositing your money, so make sure you take this fee into account when deciding how much you need to borrow. 

Does OneMain Financial charge a late fee?

Yes, OneMain Financial may charge borrowers a late payment fee

Does OneMain Financial charge prepayment fees?

No, OneMain Financial does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.

How much can you borrow via OneMain Financial?

Loan amounts start at $1,500 and go up to $25,000.

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

OneMain Financial offers personal 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.

What do you need to qualify for a loan with OneMain Financial?

Applicants with a credit score of at least 540 can apply for a loan via OneMain Financial. The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.

To qualify for a OneMain Financial loan, applicants need a minimum annual income of $7,200 or higher.

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

Only U.S. citizens and permanent residents can apply for a loan.

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

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

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

OneMain Financial will typically approve (or deny) a loan application within 24 hours and fund personal loans within 7 business days of approval.

Loan approval and actual loan terms depend on your ability to meet our standard credit criteria (including credit history, income and debts) and the availability of collateral. Loan amounts subject to state specific minimum or maximum size restrictions. Collateral offered must meet our criteria. Active duty military, their spouse or dependents covered by the Military Lending Act may not pledge any vehicle as collateral. CA minimum loan amount is $3,000. GA minimum loan amount is $1,500 for present customers and $3,100 for others.
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Contact

  • Headquarters
  • 6801
    Colwell Blvd.
    Irving, TX 75039 USA
  • Visit Site

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.

Other Services by OneMain Financial

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

No Prepayment Fee
Origination Fee
1% - 5%
Minimum Age
18
Joint Loan Applications Accepted
  • Co-signer
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
Credit Score Range
540 - 640
850 300 540 640
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Minimum Annual Income
$7,200
Verification Documents Required?
  • Proof of Income
  • Recent Pay Stubs
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
Funding Time Range (in days)
1 - 7
0 14
Approval Speed (Hours)
24
Pre-Approved Soft Credit Inquiry
Joint Loans Available
Payment Options
  • Automatic Payments
  • Check by mail
  • Credit/Debit Card
  • Storefront
Loan Term (Months)
24 - 60
1 180
Loan Amount
$1.5K - $25K
$100 $100K+
APR
16% - 36%
4% 100%+

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