In 2015, Springleaf bought OneMain Financial and took the company's name. Visit OneMain Financial's profile to get the latest rates, read an expert review, and check what other borrowers have to say about their experience. 

Springleaf Financial Services is a consumer lender based in Evansville, Indiana, where it was founded in 1920. They opened their first physical branch in 1930. Now, after purchasing OneMain Financial, they have over 1,800 branches in 44 states. They have provided over $10 billion in loans to over 3.5 million customers, and are the second largest brick and mortar lending institution in the nation.

How Does Springleaf Work?

Springleaf specializes in providing secured and unsecured consumer loans for a wide range of purposes, including auto loans, vacations or debt consolidation. It targets borrowers with fair to good credit who don't qualify for the prime rates offered by traditional and peer-to-peer lenders. Borrowers can apply for a personal loan either online, over the phone or at one of Springleaf's branch locations. If approved, you can withdraw your funds directly from your local branch or wire the money to your bank account.

How Much Money Can I Borrow from Springleaf?

Springleaf's personal loans range from $1,000 to $10,000. Loan terms vary from 1-5 years.

What Are Springleaf's Rates and Fees?

Rates range from 24.43% APR to 36% APR depending on your creditworthiness, income and assets. The average rate is around 25% APR.

What Does Springleaf's Application Process Like?

Springleaf's application process is fast and painless. There are no application fees, no prepayment penalty, and you can either apply in person at one of its branch locations, online or over the phone. The easiest route is to use Springleaf's streamlined online application. Once your application is approved, which should occur within 24 hours, you can either withdraw your money from your local branch or have the cash wired to your account.

How Are Springleaf Personal Loans Better Than Others?

Springleaf is one of few legitimate lenders servicing those with less than perfect credit. It has flexible payment options that range from paying online, over the phone, or at one of its branches. Although rates are on par with most credit cards, it provides a viable option for borrowers with fair to good credit looking for a 1-5 year loan.

  • Max Loan Term (Months)
  • Institution Type
    Direct Lender
  • Credit Score Range
    560 - 700
  • Joint Loan Applications Accepted
    Only Individual Applications
  • Military Status
    • Active Duty Military
    • Non-Military
  • Approval Speed (Hours)
  • Loan Amount
    $1000 - $10000
  • APR
    24.43% - 36%
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