Features

OneMain Financial is a leading provider of sub-prime personal loans, having extended over $120 billion in loans to over 10 million customers. It is a subsidiary of Citigroup and has been operating as a lender since 1912 when its founding company, Commercial Credit Company, was founded in Baltimore by Alexander Duncan.

How Does OneMain Financial Work?

The application process can start online or at one of their branches operating in 44 states. If you apply online, your form will be sent to a branch near you and a loan specialist will get in touch with you. OneMain Financial offers fixed rates loans and the cash is available within the next business day or even the same day, if approved by noon. There is no need for collateral or home-ownership. You also get to choose your own due date and either pay online over the phone or at one of the branches.

What Are OneMain Financial Interest Rates?

OneMain Financial does not offer a range of interest rates on its websites or when you call their customer service. It requires applicants to fill in an application before it provides information on interest rates. The 16% to 36% APR range is an estimate based on customer reports. OneMain Financial also charges substantial fees, which makes it difficult to estimate an APR.

How Much Money Can I Borrow from OneMain Financial?

OneMain Financial offers loan amounts of $1,500 to $25,000. 

Which States Does OneMain Financial Operate In?

OneMain Financial operates in 44 states. These include Alaska, Arizona, California, Colorado, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Maine, 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, Wisconsin, West Virginia, and Wyoming.

What Is OneMain Financial's Application Process Like?

OneMain Financial's application form is short and easy to fill in. It also requires borrowers to provide verification of their personal identification and income details. This includes a driver's license or passport, a current bank statement, W-2, two years of tax returns for self-employed workers, and a utility bill. Once you complete an application a loan specialist will go through your options and discuss interest rates and fees with you.

If you are approved for a loan and you accept the terms, you could get your cash within 24 hours.

How Is OneMain Financial Better Than Other Lenders?

As the sub-prime consumer lending arm of Citigroup, OneMain Financial has the backing of a large multinational bank. It also has over 100 years of experience in the consumer lending business and over a thousand branches throughout 44 states.

OneMain Financial offers loan amounts of up to $25,000 and is available to borrowers with low credit scores. The interest rates are higher than those offered by traditional banks and peer-to-peer lenders but these are generally only available to borrowers with good or excellent credit.

  • APR
    16% - 36%
  • Credit Bureau Reporting
  • Loan Amount
    $1500 - $25000
  • Payment Options
    Automatic Payments Check by mail Credit/Debit Card Storefront
  • Max Loan Term (Months)
    60
  • Checking Account Required?
  • Immigration Status Requirements
    Must be U.S. Citizen or U.S. Permanent Resident
  • Lend To Military?
  • Minimum Age
    18
  • Verification Documents Required?
    Recent bank statements Recent pay stubs Driver license (or other photo ID) Proof of citizenship/residence
  • Approval Speed (Hours)
    24
  • Customizable Payment Dates
  • Deferred Payments
  • Funding Time
    1-7 days
  • Joint Loans Available
  • No Late Fees
  • No Origination Fee
  • No Prepayment Fee
  • Pre-Approved Soft Credit Inquiry
  • Origination Fee
    1% - 5%
  • Institution Type
    Direct Lender
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0 votes

I applied for a loan at one main. Ce Ce was working on my loan. After she got ball my information, she lead me to believe I will be approved. After I left she told me she would give me a call the nxt day to come in and close the deal. I waited half of the day, she didn't call, so I called her back, she put me on hold for 15minutes. When she came back to the Phne. She told me she would call me back. This went ... on for 5days..I called her back on Friday she finally told me I wasn't approved. Shouldve told me this the nxt day. She was very unprofessional. I went to tower loan I was approved without lies& games. The difference is tower loan lenders is white. Thats why I hate dealing with black pple. Whts wrng being professional & honest. I wouldn't recommend one main to no one. More Less

0 votes

I am currently a Springleaf customer and have an auto loan through them. They charge twice the cost of the loan you apply for, for starters. Christmas was coming up and they sent me a letter that stated i can get extra money for bills, christmas, vacation, etc. I was approved for an additional $7,000 when i applied. I was told to call my local branch to secure the funds. I spoke with someone that stated they could not access my information (remember i am ... already a customer) and some one would call me back in 5 minutes. NO ONE CALLED. I called back the next day and spoke with the very same person that "COULDNT ACCESS MY INFORMATION" who now told me i was denied for the loan. When i asked if that was why i never received a call back he simply told me "YES". They are crooks, wish i never got involved with them in the 1st place More Less


0 votes

I filled out a loan application and they sent me a email saying I am approved for a $5500 secured loan,( auto). Or option #2 approved for a $3000 unsecured loan.Ashly from Defiance Ohio first Main told me all she needed was a pay stub to verify my income that was on the loan application. She asked me how much did i need and i said i did'nt need as much as i was approved for, so I will need is 1500, Ashely called me back and said ... I was denied. How do I go from approved to denied. Ashely said it's because i have 4 kids and a stay home wife.Hard to justifie that for a small 1500 dollar loan, when already approved for 3000-5500 dollar loan and having a income of 72000 a year. Will never wast my time with this place. More Less


0 votes

I ended up not getting a loan from OneMain because at he last minute I didn't need it. However their customer service was pretty good, they answered all my questions.

0 votes

Well I paid off my loan balance yesterday and after not receiving a email confirming the pay off I decided to call them today only to find out that they said I still owed them $18.07 after showing a 0 balance yesterday Don't recommend this company to anyone...I can't wait till tomorrow to see how much they think I owe them :( Horrible rip off

1 votes

This is the worst company I've ever applied for a loan. They always have stories to tell you. I have applied for a loan on the 24 November 2016 and till of this day I still have not received a penny instead I was asked to pay 13,000ZAR for my loan to be paid. I am still waiting for my refund as I am typing now. Now all their cell phones are off. They are a totally rip off company.

1 votes

DONT DO IT!!!!!!! I would like to stand outside their door with a sign to warn people but I'm gonna go on social media instead and spread the word like hell in hopes this king of predatory lending gets shut down!!! This piece of crap loan company ruined my financial intentions with a loan that cost me almost 3x what they gave me. Now I'm set on ruining theirs. It's ridiculous and should be illegal. Now I'm set on ruining theirs!

0 votes

I received a $4000 check from onemain after signing my paperwork and went to to cash it, nobody would do it for me. Out of curiosity I wonder how many others have had this issue. Or how they got their check cashed..


0 votes

I am just sick..I applied for a loan on line with your company, the decision came back that I had been approved. When the office close to me called they informed me I could not get the loan unless I had a co-signer. Well I was going to use the money for consolidation on some bills. I had called them and told them I would have a payoff by certain date. Well all I can say is thank you for making me look like a lier and ... I strongly suggest, which I know won't do any good that you all...change the on line loan app. if you have to have a co signer or you all want equity, etc. then have the on line say something as to, please call xxxxxxx for further consideration. Something besides YOU HAVE BEEN APPROVED. Sure caused me a lot of problems. Thanks. More Less

0 votes

I was researching this company to see if I should co sign a loan for my daughter because when she went in they said they would just approve her for 1500 unless I co signed as I was looking at the reviews I saw someone say all the good reviews people did not leave their names I just thought they had a bad experience and wanted to discredited the good reviews then I came across the one where the person said they got a loan and now can pay 6 ... months car payments so they don't repo their car and then get a job so how did they get a loan without a income coming in even with a co signer you still have to have some type of income and my daughter has a full time job goes to college full time and credit score is good payment history has no late payments so now I think that they did not want to discredit the good reviews and it should be against the law to put false reviews on a site because people come to the review section to decide weather they want to due business with a company or buy a product what have you someone should look into company's have false reviews and if that company is found guilty for doing such things should have to pay a penalty and admit on their sites that they made up good reviews in order to get business I would rather see bad reviews and the company respond by saying something like we will look into that and fix any issues then to see a bunch of good reviews where no name is provided and this is the 4th site I've been on and in every site Is the same thing so it makes me believe that they are made up and that is very upsetting come on people be honest and open up to what you are being accused of stand up for yourselves instead of lying and putting reviews up that make you look good now I don't even think I'll consider a review unless there is a name on it that way I'll at least know that is a real review from someone if you give a good review leave at least you're first name so it will be taken seriously More Less


0 votes

Bad customer service and Manager's even worse,,! DO NOT KNOW what they job..!


0 votes

I took a loan, and paid it off 90%of all loan in 1 year , not org 6 years - after I 1 year they send Me latter - "COME GET MORE $ if You need to?" , So I go ( with same job +even better Cred score) ,and after spending many hours , they say "YES" . "YOU ARE Approved 100% " and on next day , you come to get the $, and they say "NOPE" You "NO Loan for You"..? WHAT ??????


0 votes

PLEASE DO NOT DO ANY THINK with this Credit Store. This is the "One of the Pace's" I will tell You: --NEVER < NEVER - NEVER > do ANY business with them --PLEASE DO NOT..! TELL YOUR Friends or Family DO NOT DO ANY BUSINESS with this Company ----- Read my story: They have BAD (Not bad as people, just do "NOT" know there job) Employers and the MANAGER is even W.O.R.S.E ..! I took a loan from them-- #1 First -- the charger Fee's at the begging the ... did "not " to You, so after they check Your history , then they will tell You ALL Fee's -- LIKE : Paper fees, to get loan some kind fee , and more fee's++ reg. 29% ( at the begging it way less %, and later they said You say (19%-29%max) and it always max :-), or some close to max.. #2 it was like about 29%/year , #3 plus after i paid it off (in 1 year, not 6 years like org.), they send Me later saying : come get more $ if you needed. I came and got approved (100% that was I told - by salesman 100% YOU ARE APPROVED) I said to them : I need to know for sure , because I'm trying to buy a car from the Action, and I need to know for sure if I'm approved , I don't want "KICK" Me-Out from Action - If I buy a car, and I have "no-$", they will kick Me "out" so I can never buy from this Action, THEY SAID - NO PROBLEMS, YOU ARE APPROVED 100% , go buy/play on Action, and buy Your car..! On next day I try to buy car at the action and did "NOT" . So I come back next day, and say: I try to buy a car from Action, and it went to much$, but I will take a Loan anyway, and try to find one on Other Action". After taking , and taking, they say "NO" You NOT Approved..! I ask, Why? Not think happened in few day, I still have same Job and same Credit Score , They say : WE do Not know why, but main office said "NO". :-):-( :-( WHAT>>>? I say: - that good that I did "not buy a car from Action, if I bought it and had no $, I will have BIG problems with Action people..! So that why I DO NOT RECOMMEND To NO ONE DO BUSINESS with this company.............! More Less


0 votes

This is the most AWFUL, UNPROFESSIONAL place to ever get a loan. I am speaking particularly about the Gastonia, NC office. The manager there is so unprofessional and is in need of some schooling to learn how to be a manager. Treating employees disrespectfully in front of customers and stomping off like a child is not professional. Rolling your neck is also very elementary. Just think they need to find more qualified people to run a business because that reflects on everyone in the company. ... As far as the loans go, the interest is outrageous and they will tell you anything to make it sound good, but if you don't mind paying more on interest than on the actual balance then that's your choice. I think they are crooks. More Less


0 votes

Crooks on ever level. They don't care about you at all. I wish someone would blow them all up.


0 votes

I opened a 4 yr loan with them 3 years ago during a rough patch to consolidate some debt and bring down monthly payments. I was told the only way to be approved was to allow them to pay off my car loan and use the car as collateral. With only a year left on my car I was naturally resistant, but the loan officer assured me if I stayed in good standing on the loan that in one year I could have the car from collateral and ... have my interest rate lowered as well. For a little over a year I made over my minimum payments and was never late. My overall credit score improved as well. I called them regarding a refinance or release of the car and the manager informed me this was not possible and they don't do that. Now here we are 3 years into the loan. I called about a month ago to get the payoff balance so I could finally be done with them. It was like pulling teeth to get the amount, but once I did I payed it off immediately. Now I'm still waiting for the title to my car to come in the mail. I've called three times now. I was told last week it had just been put int the mail the week prior and is on the way. I called again today and was told there was a note that it was sent, but that was all. The rep was going to have the manager call me back after lunch and (it's now 9pm), no phone call. I've tried to find a corporate # to call but the only 1800 number only send you right back to branch which isn't much help. More Less


0 votes

Every positive remark in here is the handy work of One Main. Do not be fooled they are loan sharks and will ruin you by charging an ungodly rate. Notice NONE of the positive reviews mention their APR. trust me steer clear!


0 votes

Getting a loan from one main financial was the worst mistake of my life. Was told one thing and found out i singed for an extra 3 yrs added to my contact. I was at fault for not reading contract better and now in im paying almost 3 times original loan. Didn't get much help from one main . Don't borrow from this place, try and find other options. Will never make this mistake again. Hope this helps some of you who are thinking about a loan .


0 votes

One is not so helpful at all.i have applied a few times and never get approved.0 star .not recommended to any one.please try lending clud is the best.


0 votes

Regarding improving your credit score, OneMain is kind of like a double-edged sword. Since your credit is bad, if you need a loan, they are one of your only options. But once you take out a loan with them, you realize just how much the interest is. They report the entire interest and principle to the credit reporting agencies, which make the amount look so much worse on your end. But when you do pay it off, your credit score does improve.


0 votes

When they say service with a smile, you often don't see that. Of course, you can't actually see the smiles over the phone, but you can feel them when you call OneMain. The employees are happy to explain loan terms to you and walk you through setting up to make online payments. I really like that.


0 votes

I took out a loan about two years ago, and paid it off. A few months ago I signed into my OneMain online account, and it said I had an outstanding balance. Turns out, there was a fee for the one time I was late on a payment. I never got any sort of correspondence to let me know. The fee kept accumulating. I contacted customer service, and they pretty much told me I should've checked my account (even though it was years old) and then I would've seen the ... charge. More Less


0 votes

With One Main Financial You can begin your application online but you have to speak to a customer service rep either on the phone or in person. Thats one difference between One Main Financial and a payday lender. Nonetheless, they have many of the disadvantages of payday lenders: questionable customer service and unsavory business practices. Be especially wary of jacked up interest rates. Unlss youre desperate, its better to steer clear.


0 votes

I was terrified that I might lose my car! I got laid off 6 months ago and have only been able to find odd jobs here and there since then. My car is my baby, but I actually missed a couple of payments. They were coming to get her last week. I literally had 24 hours to pay! So I called OneMain as a last ditch effort to save her. Cha Ching! Money in my account the next day. I was feeling really richeous when I called the car company ... and told the representative that I would be paying 6 months worth of payments and to call off the dogs coming to get my car! She didn't believe me until the payment cleared while we were on the phone. Now I can breathe easier and know I have wheels while I search for a job. More Less


0 votes

Operations like OneMain Financial seem to target customers with iffy credit. There's nothing wrong with that per se, but OneMain Financial really doesn't seem to be inclined to be very helpful to its customers. Customers must read the fine print and be prepared to be vigilant in making payments that are above the minimum in order to avoid having extra fees tacked on, etc. if you have other options for personal loans, take them and avoid this outfit.


0 votes

I can't complain too much, because I needed some money and was in a tough spot. The customer service is excellent, and everyone I've ever dealt with there is amazingly helpful. But, there's one thing. The interest. I took out my loan over a year ago, and am nowhere near paying it off. The loan amount wasn't too high, so I wasn't expecting this. It's hindering my monthly bills, but I did need it at the time.


0 votes

I really appreciate the fact that OneMain has given me the opportunity to improve my credit score. I've run into some tough times throughout my life that I haven't been able to control, and it's really taken a toll on my financial situation. I was looking to improve it, and a loan seemed like a good idea. The APR is high, but it's really upped my credit score. In the long run, I know this is beneficial for me.


0 votes

I'm a single mom and I didn't want to face another crummy Christmas not giving my kids at least one of the toys that they wanted. So I took out a $1000 loan with OneMain. I figured it couldn't cost too much to make their holidays cheery and bright! Well, the interest is a little much and had me wondering about my decision, but when I saw their smiling faces, I thought, it's all worth it!


0 votes

So this place says they can help improve your credit score. That sounded really cool to me, so I thought, why not, I'll give it a try. I applied. Got a loan for the amount I wanted, and got the money in about 2 days. Now I'm wondering when I see that my credit was pinged if it was such a good idea to do this for credit. I could have borrowed the money from my brother instead. I'm thinking the credit ping is going to cancel out the credit ... improvement from getting a loan. Guess I'll see. The numbers usually don't lie. More Less


0 votes

I was in desperate need of cash (who isn't, right?) Anyway, this company said that if they approved my loan by noon, I'd get it the next day. The customer service rep I talked to did her absolute best and squeezed the loan in by a minute or so to noon. I did get my money the next day, and was super grateful. Interest rate was okay, but I can't complain about getting a loan in less than an hour.


0 votes

A lot of people complain about loans, saying they are crazy to get. Well, those are the people that aren't wondering where the next car payment or even meal is coming from. When you need a loan, it is critical that you don't waste your time filling out applications that don't work. Fortunately, OneMain Financial worked great.


0 votes

I had never gotten out a personal loan, so I had no idea what to expect. It turns out that I needn't have been worried about the process. I was able to go into a OneMain Financial branch to talk to an employee who explained everything really well to me. Then I applied, and I couldn't believe how easy it was. I had the money in a couple of days.


0 votes

Tough to be in a financial bind, but it really helps to have companies like OneMain Financial there when you need them. I had never really tried an official loan before, so I wasn't sure what to expect, but the process went smoothly, and I got my money quickly. A little alarmed about the interest rate, but I'll pay the loan back soon enough.


0 votes

They say they will deposit your money the same day if approved by noon. Well, it almost happened! I did get my money the following day, though, so I can't really complain much. It got me out of a super tight bind. Glad I found them. Seem like a pretty legit outfit. We'll see when I pay off the loan, of course, LOL!


0 votes

I can only say that it's very, very important to understand what you're getting into here. Don't rely on what they tell you. Read absolutely everything they give you, as the fine print is where important info is, such as your interest rate. Make sure you understand how much the loan is going to cost you. I say all this, because I didn't do it the first time I got a loan with them, and I paid for it.


0 votes

Seems like a pretty orgnaized place, which is what I've found is the key to whether the company is good or not. Really disorganized places usually spell a lot of trouble. They have their act together. The loan application is organized and went smoothly, as did the funding of my loan, which did slide into my bank account the next day since I got the application done before noon.


0 votes

I'd recommend this company to other people, providing that you pay attention to the interest rate you're signing on for and understand it completely. If you don't, have the people at OneMain Financial explain it all to you. It's easy to get confused and not understand what you're paying. Of course, try for the lowest interest rate they do, whenever possible.


0 votes

I'm not sure why people are so blown away with high interest rates when they get out a personal loan with poor credit. Let's put it this way, would you loan you money at a really great interest rate? Probably not! You are going to get higher interest rates when you have credit problems--otherwise you'd be going somewhere else for lower interest rates!


0 votes

I have fair credit and I have to say that I got a pretty fair interest rate. The staff was also pretty nice. I did have some questions about prepayment that took awhile for them to address, but other than that the process went fairly simply. The application process is okay, too. Don't be afraid to call if you have questions.


0 votes

Not too bad of a company, I have to say. They have great customer service reps who will walk you through the loan if you need help. The website is also fully functional and answers a lot of questions. Interest rates are medium-high, but that is to be expected. They are in this to make money, afterall. I am satisfied.

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