OneMain Financial Personal Loan Review
- APR
- 11.99% to 35.99%
- Amount
- $1.5k – $30k
Borrowers in these states are subject to these minimum loan amounts: Alabama: $2,100; California: $3,000; Georgia: $3,100; North Dakota: $2,000; Ohio: $2,000; Virginia: $2,600.
- Term
- 24 to 60 months
- Origination fee
- $25 to $500, or 1.00% – 10.00%
- Min. credit score
- None
- Eligibility and access: 5/5
- Cost to borrow: 2.3/5
- Loan terms and options: 4.2/5
- Repayment support and tools: 3.5/5
OneMain Financial is a lender that offers personal loans ranging from 11.99% to 35.99% at fixed rates. Unlike some online loan lenders, OneMain Financial has branches located across 44 states, which may appeal to borrowers who prefer in-person service.
- Offers secured and unsecured loans: OneMain Financial offers both unsecured and secured loans. Secured loans require collateral to back the loan and may help borrowers with limited or poor credit history to qualify.
- High interest rates: OneMain’s maximum APR is higher than some competitors, so borrowers with good credit may find better rates elsewhere.
- Small loan amounts: OneMain’s loan amounts generally range from $1,500 to $30,000, although the exact amounts vary by state.
- Quick funding timeline: The time from submitting an application to receiving your loan funds may take as little as one hour. This is a quick timeline compared to some competitors.
- Option to change your payment due date: If you ever need to move things around in your budget, you may be able to select a new payment due date.
- Best for low-credit borrowers: While people with good credit scores can find better interest rates with competitors, consumers with low credit scores may find it easier to qualify with OneMain Financial.
OneMain Financial pros and cons
OneMain Financial offers a lot of perks to consumers looking for a personal loan, but like any lender, it’s not perfect. Here’s what you need to know about the benefits and downsides of a personal loan with OneMain Financial.
Pros
- May qualify with limited credit history
- Quick funding timeline
- Offers secured loans
- No prepayment fees
- Can change due date
Cons
- Charges an origination fee ($25 to $500, or 1.00% - 10.00%)
- High interest rates (Up to 35.99%)
- Small loan amounts ($1,500 – $30,000)
- Larger loan amounts require collateral
With OneMain Financial, borrowers with limited or poor credit may qualify for loans, and funding may be available as soon as one hour when sent to a linked debit card account. OneMain doesn’t charge prepayment fees, and secured loans may be an option for borrowers who don’t qualify for unsecured options.
Unfortunately, if you take out a loan with OneMain Financial, you’ll have to budget for an origination fee, which will be deducted from your total loan balance. OneMain Financial also has a higher maximum APR than some competitors and loan amounts top out at $30,000 in most states.
Borrowers in North Carolina, Maine, Mississippi and West Virginia have lower maximum loan limits than the standard $30,000. Meanwhile, the minimum loan amount is between $2,000 and $3,100 for borrowers in Alabama, California, Georgia, North Dakota, Ohio and Virginia.
OneMain Financial requirements
OneMain Financial does not have a formal minimum credit score requirement, but it will review your credit history and income, among other criteria, to determine whether you qualify for a loan. If it approves you for a loan, you must provide:
- Government-issued identification (such as a driver’s license or passport)
- Proof of residence (such as a driver’s license, rental agreement or utility bill)
- Proof of income (such as pay stubs or tax returns)
OneMain loans are not available in Alaska, Arkansas, Connecticut, Massachusetts, Rhode Island, Vermont, Washington, D.C. or in U.S. territories.
Most personal loan lenders consider an applicant’s payment history, income and debt-to-income ratio. If your credit score needs a little work, take steps to improve your score before applying for new credit.
If you meet the basic requirements listed above, you’ll need to tell OneMain how you plan to use your personal loan money. OneMain Financial allows borrowers to use loan money for almost any purpose, but there are certain expenses you cannot put the money toward.
OneMain Financial loans CAN be used for:
- Debt consolidation
- Major life events
- Vacations
- Recreational purchases
- Vehicle loans
- Home improvement projects
OneMain Financial loans CANNOT be used for:
- College expenses
- Business or commercial costs
- Purchasing securities, derivatives or cryptocurrency
- Gambling
- Illegal activities
If OneMain Financial’s loan options won’t work for your borrowing needs, be sure to shop around for a lender that can best suit your financial goals and offer you the best rates, terms and amounts.
How to get a personal loan with OneMain Financial
Here’s what you’ll need to do to get a personal loan with OneMain Financial:
- First, you’ll need to input how much money you’d like to borrow, along with basic personal information, including your full name, address and contact information (your email address and phone number).
- Next, you’ll need to provide your monthly income information, your employment status, your vehicle status (whether you own, lease or have an auto loan), your date of birth and your Social Security number. After submitting this information, you’ll find out whether you’re preapproved for a loan.
- OneMain will then request a copy of your government-issued identification, income verification and residential information so that the lender can verify your information.
- After OneMain Financial verifies your information, it will run a hard credit inquiry. Once this lender officially approves you, the last step is to sign your loan agreement. Funding may be available as soon as one hour when sent to a linked debit card account. If you opt for funding by check or ACH transfer, it may take up to two business days to receive the loan.
If you’re denied a personal loan with OneMain Financial because of your credit score, consider these strategies to boost your odds of approval.
OneMain Financial customer reviews
From Customers
How OneMain Financial compares to other personal loan companies
Even if you believe OneMain Financial aligns with what you’re looking for in a personal loan, it never hurts to shop around. Here’s how a OneMain Financial loan stacks up against similar lenders.
| OneMain Financial | Avant | LendingPoint | |
|---|---|---|---|
| LendingTree’s rating | 3.7/5 | 4.3/5 | 4/5 |
| Minimum credit score | None | 580 | 680 |
| APRs | 11.99% – 35.99% | 9.95% – 35.99% | 7.99% – 35.99% |
| Loan amounts | $1,500 – $30,000 | $2,000 – $35,000 | $1,000 – $36,500 |
| Repayment terms | 24 to 60 months | 24 to 60 months | 24 to 72 months |
| Origination fee | $25 to $500, or 1.00% – 10.00% | Up to 9.99% | Up to 10.00% |
| Funding timeline | May receive funds as soon as one hour | May receive funds as soon as the next business day | May receive funds as soon as the next business day |
| Bottom line | OneMain Financial may be a useful option for borrowers who prefer in‑person service or need secured loans. Borrowers with strong credit may find lower starting APRs with other lenders. | Avant is a good fit if you need money quickly and have fair or bad credit. You’ll need slightly better credit to qualify, but you can get larger loans with Avant. | LendingPoint has the lowest rates of these lenders, but you’ll need to have strong credit to qualify for its best rates. LendingPoint also offers larger loans and longer repayment periods than both OneMain Financial and Avant. |
How we rated OneMain Financial
We evaluate personal loan lenders on more than just interest rates. Our goal is to show how accessible, affordable, transparent and supportive each lender really is.
Our categories
Every lender is scored out of 5 stars, with 5 stars being the highest rating. LendingTree loan experts determine this score using dozens of underlying data points across four weighted categories covering the full borrowing journey.
We assess how easy it is for people to qualify and apply. This includes state availability, soft-credit prequalification, membership requirements, funding speed and whether borrowers with less-than-excellent credit can get a loan.
We evaluate how affordable the loans are based on minimum and maximum APRs, loan fees and rate discounts. Lenders with unclear or potentially predatory costs receive lower scores.
We consider repayment term flexibility, loan amount ranges and whether options like secured loans, joint loans or direct-to-creditor payments are offered — plus whether the lender clearly communicates these options.
We evaluate borrower experience after funding: customer service access, hardship or forbearance programs, payment flexibility and digital tools like mobile apps or credit monitoring.
Our process
We gather data directly from lenders through their websites, disclosures and direct communication with company representatives. Our editorial team verifies and updates information regularly. We value transparency and award less favorable scores when lenders obscure or omit details.
In some cases, our editors may apply a small adjustment (no more than 4% of the overall score) to account for factors not captured by the methodology. This could include J.D. Power customer satisfaction surveys, recent regulatory actions or features that stand out in ways our rubric doesn’t measure directly.
Our editorial team applies the same scoring model and standards to every lender. Lenders cannot pay to influence our ratings.
Frequently asked questions
It takes up to two business days from the time a consumer is approved to the time they receive their loan funds. However, you can get your funds even quicker — as soon as an hour after signing your documents — if you get your money sent to the bank account linked with your debit card.
OneMain Financial offers loan amounts ranging from $1,500 to $30,000 in most states. However, to qualify for the higher loan amounts, you may be required to provide collateral, typically in the form of a qualifying motor vehicle. This is known as a secured loan.
OneMain Financial offers both unsecured and secured loans. Unsecured loans do not require collateral, meaning you won’t have to offer up anything valuable to your lender in case you can’t keep up with loan payments.
Secured loans do require collateral and can help borrowers with bad credit qualify for loans. That’s because the collateral lowers the borrower’s risk in the eyes of a lender.
OneMain Financial allows you to use any of the following as collateral:
- Vehicles
- Motorcycles
- Boats
- Campers
- Recreational vehicles (RVs)
Get personal loan offers from up to 5 lenders in minutes
Featured reviews
5/5
Sep 2026
"I got my loan same day thank you.Then today I got this e-mail.Thanks for looking into OneMain loan offers.09/23/2026Communication ID: 1818****0Check NowHi Donald,We are responding to the loan request(s) you made..."
"I got my loan same day thank you.Then today I got this e-mail.Thanks for looking into OneMain loan offers.09/23/2026Communication ID: 1818****0Check NowHi Donald,We are responding to the loan request(s) you made through an online loan site (such as Intuit Credit Karma or LendingTree) or directly from us at OneMain Financial.We know how important it can be to get money when you need it. Unfortunately, we are unable to provide you with your requested loan offer(s) at this time.Important: Checking for loan offers did not affect your credit score. The following requests from the last 30 days have expired or were denied for the reasons listed below:Application date: 08/23/2026Reference #: 675****42Reason(s) for denial:Delinquent past or present credit obligationsRecent inquiriesCredit amount on revolving tradesPercent of bankcard credit in useWe obtained information from one or more credit reporting agencies as part of our consideration of your application. These agencies were not involved in our decision on your application, but you are entitled to know what information is included in your credit file with the agency or agencies. Under a law called the Fair Credit Reporting Act, you can obtain a free copy of your credit report from them if you request it within 60 days of receiving this notice. You can also dispute the accuracy or completeness of any information in your credit file directly with the agency or agencies. The agency or agencies are listed below.ExperianP.O. Box 40Allen, TX 750**844*********TransUnion2 Baldwin Place P.O. Box 1000So yes, I'm confused. Or did someone else try to use my information to get a loan?"
Donald
5/5
Sep 2026
"I applied online and was contacted by Lori. I stopped by and meet the very friendly staff, and I felt like I made new connections with some really great folks. I’d recommend stopping by and checking them out!"
Jonathan
5/5
Sep 2026
"Happy to work with them, easy process. Communication was great, fast service as well. Money was there in under 1 hour"
Shannon