Our Rating: 74%


OneMain Financial Personal Loan Review

Loan Amount:
$1,500 - $20,000
Minimum Credit Score:
Not Specified
APRs From:
18.00% - 35.99%
Funding Speed:
As fast as one business day

Financial services provider OneMain Financial offers unsecured personal loans to borrowers with fair to poor credit. These loan sizes tend to be smaller compared to industry averages but borrowers having a hard time qualify with other lenders might be able to qualify with OneMain. OneMain Financials application process is a little more involved compared to industry competitors. However, borrowers may be able to qualify for a secured loan if they are willing and able to put up collateral.

Check your pre-qualified personal loan rates online now.

OneMain Financial Overview

With no minimum credit score required to qualify, OneMain offers personal loans to borrowers with below-average credit scores. In order to judge potential borrowers' creditworthiness, OneMain uses an advanced algorithm to evaluate lending risk. The factors OneMain considers when deciding whether or not a borrower is eligible are the ability to repay, credit stability, and whether the loan is secured with collateral.

Compared to industry competitors these loans are expensive. However, they have some consumer-friendly features that make them an option for borrowers who may struggle to qualify elsewhere. These loans can have a repayment term between two and five years.


  • Choose the repayment date.
  • Joint and secured loans available.
  • Loans might be funded the same or next business day.
  • Online financial educational resources.


  • High APRs compared to other online lenders.
  • Charges an origination fee.
  • Doesn't offer direct payment to creditors on debt consolidation loans.
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OneMain Personal Loan Features

Secured and joint loan options: Borrowers with vehicles can use that as collateral for a secured loan or add a co-applicant to an application. This will help improve a borrower's chances of qualifying and getting a lower rate than they would on their own. In order to qualify, the vehicle must be insured, OneMain will then appraise the vehicle.

Mobile app: With the OneMain mobile app borrowers can view their accounts and manage payments.

Option to choose and change your payment date: When signing the loan agreement, borrowers can choose their repayment date. After that, borrowers may change the payment date twice during the life of the loan.

Quick funding: OneMain can fund a loan the same or next business day after an application is approved. For same-day funding, an application has to be approved by noon.