OneMain Financial

OneMain Financial

3.8 rating

Foundation Year


Office Address
PO BOX 3327, Evansville, IN 47732-3327

Phone number


  • Loans from $1,500 to $20,000
  • Soft credit check to pre-qualify
  • Offers joint and secured loans
  • Option to choose a payment date
  • Able to fund a loan the same or next business day
  • Fully online application process
  • Informative website
  • Accepts joint applications
  • Clearly discloses rates and terms on the website
  • No prepayment fee
  • Reports payments to three credit bureaus
  • Offers mobile app to manage loan
  • Options for people with poor credit


  • Branch visit required
  • High rates
  • Charges origination fee
  • Doesn’t offer direct payment to creditors on debt consolidation loans
  • Not available in all 50 states


OneMain Financial is a lender that provides personal loans to borrowers with all types of credit. Since 1912, the company has provided loans to more than 10 million customers. The lender has nearly 1,600 branches across 44 states.

What loans does OneMain Financial offer?

The company offers secured and unsecured loans in amounts ranging from $1,500 to $20,000. Customers usually use such loans to meet important financial needs, such as debt consolidation, emergency expenses (such as auto or home repair), unexpected medical or dental bills, weddings, medical expenses, household bills, home improvements, and auto purchases.

What states does OneMain Financial service?

The company funds loans in all 44 states: Alabama, 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.

The service is not available in Alaska, Arkansas, Connecticut, Massachusetts, Rhode Island or Vermont.

What terms and rates does this company offer?

OneMain Financial offers loans ranging from $1,500 to $20,000, though some states have higher minimums and lower maximums. APR is fixed and typically ranges between 18% to 35.99%, depending on multiple factors, including your credit history, monthly income, current debt, and presence of collateral. The requested amount and repayment term (24-60 months) also matters.

The lender does not indicate a minimum credit score for eligibility, but it does allow you to provide collateral if you are applying for a secured loan.

How do I qualify for a loan?

To get approved for a personal loan, you will need to comply with the following requirements:

  1. Be at least 18 years of age;
  2. Have a valid government-issued ID;
  3. Provide proof of residence;
  4. Provide proof of income.

However, the terms and rates of your loan will be determined by the following factors:

  • Loan Purpose;
  • Credit history;
  • Financial history;
  • Income and expenses;
  • State of residence;
  • Whether you have filed for bankruptcy;
  • Other factors.

Can I pay a loan back earlier?

Yes. The lender allows borrowers to repay their loan before the due date without any early repayment penalties.

Can I take a loan if my credit score is low?

Yes. OneMain Financial provides loans to consumers with fair to bad credit. If you have low credit score, you may find it easier to be approved for a loan at OneMain Financial than other online lenders or brick-and-mortar banks. However, if you have bad credit, you will probably be offered smaller loan amounts and higher rates.

How to apply for a loan?

To apply for a loan with this lender, visit its official website and fill out a short online application. You will be asked to provide information like your:

  • Name;
  • Date of birth;
  • Social Security number;
  • Desired loan amount;
  • Address;
  • Email address;
  • Monthly income and source of income.

Once you complete the application, the lender makes a quick decision. If approved, you will need to visit a local branch of the lender to verify the information you provided via the Internet and discuss possible loan options. Funds are typically deposited into your bank account as soon as the same day or the next day.

How to pay a loan back?

OneMain offers multiple repayment terms: 2, 3, 4, or 5 years. Thus you are able to choose a monthly payment that suits your budget most. The APR and monthly payment are fixed, and the lender charges no prepayment penalties.

You can make payments at the lender’s branch offices, online, by mail, or over the phone. You can also make cash payments through the PayNearMe service at participating stores (CVS, Casey’s General Store, Family Dollar,or 7-Eleven).

Does OneMain Financial have a mobile app?

Yes. OneMain Financial has a mobile app, which means you can log in to get your loan account details. The mobile app can only be used by existing customers to service their loans. You cannot submit new loan applications through the mobile app.


OneMain Financial may be a good place to apply for a personal loan if you have less than perfect credit. But it’s important that you explore other options around and compare them to get the best rates and terms. Make sure you can really afford a loan and always make your payments on time to build a good credit history.


5.0 rating

Fantastic service and immediate response. Friendly and helpful service. Pleasant experience…Highly recommended. Many locations and friendly employees.

Gail Cummings
1.0 rating

Horrible lender. Interest rates are extremely high. It will take an eternity to repay a loan! Worst mistake ever. I feel trapped in never-ending debt.

Joyce Chin
4.0 rating

These guys are really nice and helpful. They approved my loan very fast and they always do what’s best for the customer. The interest rate is quite high but it’s high on all unsecured loans.

Fernando Brigance
5.0 rating

OneMain Financial is an amazing company to deal with, I highly recommend them, they always do their best to help you. They eve work on holidays to make sure that they are there for you when needed.

Dorothy Morneau
5.0 rating

Very good lender. I love the way they speak with me on the phone and respond to emails in a timely manner! They were very friendly, professional and caring. They always were smiling when I came into their office.

Mildred Moya

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