OneMain Financial is a trusted lender with over 100 years of experience, offering personal loans to individuals with less-than-perfect credit. Whether it’s for home repairs, medical bills, or debt consolidation, loan amounts range from $1,500 to $20,000, with both secured and unsecured options based on your credit, income, and state rules. Unlike online-only lenders, OneMain combines digital convenience with over 1,300 physical branches across 44 states, making it easy to apply and receive support. The company is regulated at both the federal and state levels, ensuring complete transparency and compliance. As a direct lender, OneMain manages the entire loan process in-house from approval to servicing, offering customers a reliable and consistent experience.
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Disclaimer
OneMain Financial Personal Loans Disclaimer
Not all applicants will qualify for larger loan amounts or most favorable loan terms. Larger loan amounts require a first lien on a motor vehicle no more than ten years old, that meets our value requirements, titled in your name with valid insurance. Loan approval and actual loan terms depend on your state of residence and your ability to meet our credit standards (including a responsible credit history, sufficient income after monthly expenses, and availability of collateral). APRs are generally higher on loans not secured by a vehicle. Highly-qualified applicants may be offered higher loan amounts and/or lower APRs than those shown. Active duty military, their spouse or dependents covered by the Military Lending Act may not pledge any vehicle as collateral.
OneMain charges loan origination fees. Depending on the state where you open your loan, the origination fee may be either a flat amount or a percentage of your loan amount. Flat fee amounts vary by state, ranging from $25 to $500. Percentage-based fees vary by state ranging from 1% to 10% of your loan amount subject to certain state limits on the fee amount.
Funds within 1 hour of loan closing via SpeedFunds® requires disbursement to a bank-issued debit card; if paid by check or ACH, availability may take approximately 1-2 business days after closing, subject to bank deposit policy.
Example Loan: A $6,000 loan with a 24.99% APR repayable in 60 monthly installments would have monthly payments of $176.07. This example is based on an average customer with good credit.
Loan proceeds cannot be used for postsecondary educational expenses as defined by the CFPB’s Regulation Z such as college, university or vocational expense; for any business or commercial purpose; to purchase cryptocurrency assets, securities, derivatives or other speculative investments; or for gambling or illegal purposes.
DirectLendersList is not a review site; instead, it provides a comprehensive overview of financial products and services and incorporates the Web Rating feature to assist users in making informed decisions.
Web Ratings are important to consider when deciding on financial products or services. These ratings provide insights into the customer experience and serve as a helpful metric for assessing the quality of specific lenders, loan marketplaces, banks, or credit card issuers.
At DirectLendersList, our internal team takes the initiative to prepare web ratings for various financial products and services. These ratings are compiled using multiple channels to gather data from across the web, including customer feedback, ratings from reputable customer review sites, industry reputation, and other relevant data sources. Utilizing these diverse sources of information aims to provide users with a comprehensive and well-rounded assessment of the financial product or service.
The collected data is then utilized to calculate an average web rating, typically on a scale of 1 to 5, reflecting the overall customer satisfaction and experience associated with the specific offering. It is important to emphasize that these ratings are independently prepared by the DirectLendersList internal team and have not been influenced or approved by advertisers. This ensures the ratings remain objective and unbiased, providing users with reliable information to aid their decision-making process.
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OneMain Financial is one of the oldest and most established consumer lenders in the United States, with a history dating back to 1912, when it was founded by Alexander E. Duncan in Baltimore, Maryland. Headquartered in Evansville, Indiana, the company has grown from a small regional lender into a publicly traded financial institution (NYSE: OMF), and has served over 3 million customers through more than 1,300 branches across 44 states.
Specializing in fixed-rate personal loans, designed to meet everyday financial needs, whether it’s consolidating debt, covering medical expenses, or financing car and home repairs. What sets OneMain apart is its hybrid lending model, which blends the convenience of online applications with the reassurance of in-person service. Borrowers can begin their journey digitally and, if needed, finalize their loan at a local branch with guided support from loan specialists, making it a trusted option for those seeking flexible and accessible financing.
Personal Loans (Secured vs. Unsecured)
OneMain Financial provides two types of personal loans designed to meet different financial needs and credit situations:
💳 Unsecured Personal Loans
These loans require no collateral, making them an accessible choice for borrowers who prefer not to risk an asset. Approval is based primarily on factors such as credit history, income, and overall financial profile. With fixed APRs and fixed monthly payments, unsecured loans offer stability and predictable costs throughout the repayment term.
🚗 Secured Personal Loans
Backed by collateral (commonly a vehicle). It may help borrowers qualify for higher loan amounts, lower interest rates, or more affordable monthly payments. Secured loans are often a better fit for those with fair or limited credit who want access to more favorable terms than they might receive with an unsecured option.
Regardless of the type, both secured and unsecured personal loans from OneMain come with fixed interest rates and predictable monthly payments.
| Feature | Details |
|---|---|
Loan Amounts | $1,500 – $20,000 (availability varies by state and credit profile). |
Repayment Terms | 24 to 60 months |
APR Range | 18% to 35.99%* |
🔄 Debt Consolidation
Combine multiple high-interest balances into a single, manageable monthly payment, which can lower overall costs and simplify repayment.
🏠 Home Improvement & Repairs
Fund renovations, essential repairs, or upgrades that add comfort, value, or safety to your home.
🚨 Emergency & Unexpected Expenses
Handle urgent financial situations, such as job-related expenses, urgent travel needs, or other unforeseen costs, without relying on high-cost payday loans or credit cards.
🏥 Medical Expenses
Cover unexpected healthcare bills, procedures, or treatment costs not entirely handled by insurance.
🚗 Auto Repairs & Purchases
Fund major vehicle repairs, maintenance, or even a car purchase, especially when traditional auto financing isn’t an option.
• Fixed Rates & Consistent Payments
Each loan features a fixed interest rate and fixed monthly payments, so borrowers know exactly what they’ll owe each month, with no surprises or uncertainty of fluctuating costs.
• Secured & Unsecured Loan Options
Borrowers may choose between unsecured loans, which require no collateral, and secured loans backed by collateral. Secured options can offer access to higher loan amounts, lower interest rates, or more affordable monthly payments, which is helpful for those with a minimal credit history.
• Flexible Loan Amounts and Terms
Borrowing options typically range from $1,500 to $20,000, with repayment terms ranging from 24 to 60 months, providing borrowers with the flexibility to choose a loan size and repayment preferences that meet their different financial needs.
• Pre-qualification Without Credit Impact
Loan offers can be checked through a soft credit inquiry, which does not affect credit scores. This feature enables borrowers to confidently explore loan options before making a commitment.
• Hybrid Service Model
OneMain blends digital convenience with in-person support. Borrowers can apply online and manage their loan digitally, while also having access to face-to-face assistance at over 1300 branch locations for personalized guidance.
• No Prepayment Penalties
Loans can be repaid early without incurring additional fees, allowing borrowers to reduce interest costs and become debt-free faster.
• Credit-Building Potential
Timely payments are reported to major credit bureaus, creating an opportunity to strengthen credit profiles and improve future borrowing options.
• Co-Applicant Allowed
Borrowers can include a co-applicant, such as a spouse or family member, to improve approval chances, increase the eligible loan amount, and secure more favorable rates by combining income and credit strength.
• 7-Day Loan Cancellation Window
OneMain Financial provides a seven-day satisfaction guarantee, allowing borrowers to cancel the loan if they change their mind. As long as the funds are returned within seven calendar days of the agreement date, the loan can be canceled with no questions asked. Visit the nearest branch or call the support line, and return the funds.
Satisfied Customers
Better Business Bureau
Safety | 256-bit SSL Encryption |
Lender Type | State Licensed Direct Lender |
BBB Rating | A Rating |
APR | 18% – 35.99%* |
Credit Score | 570+ |
Loan Amount | $1,500 – $20,000* |
Loan Term | 24 – 60 Months* |
Origination Fees | $25 to $500 or 1% to 10%* |
Time to Receive Funds | 1 to 2 business days* |
📌 Eligibility Requirements
• Must be at least 18 years old
• U.S. Citizen or resident with a valid physical address
• Government-issued photo ID
📝 Application Checklist
To complete an application and finalize the loan, applicants need:
• Personal information (name, DOB, contact details)
• Social Security card (Social Security Number or Taxpayer Identification Number)
• Proof of identity (driver’s license, state ID, or passport)
• Proof of address (utility bill, lease agreement, or mortgage statement)
• Proof of income (recent pay stubs, W-2, tax return, or benefits letter)
• Active bank account details
• Vehicle information and title (for secured loan applications)
• Co-applicant details (for joint applications)
🔹 What Affects Eligibility
Factors that may affect eligibility:
• Credit history and overall financial background
• Income level and monthly debt obligations
• Loan purpose and intended use of funds
• History of bankruptcy filings
• State of residence and local lending regulations
These factors influence not only the likelihood of approval but also the loan amount, repayment term, and whether the borrower qualifies for a secured or unsecured loan.
DirectLendersList is not a review site; instead, it provides a comprehensive overview of financial products and services and incorporates the Web Rating feature to assist users in making informed decisions.
Web Ratings are important to consider when deciding on financial products or services. These ratings provide insights into the customer experience and serve as a helpful metric for assessing the quality of specific lenders, loan marketplaces, banks, or credit card issuers.
At DirectLendersList, our internal team takes the initiative to prepare web ratings for various financial products and services. These ratings are compiled using multiple channels to gather data from across the web, including customer feedback, ratings from reputable customer review sites, industry reputation, and other relevant data sources. Utilizing these diverse sources of information aims to provide users with a comprehensive and well-rounded assessment of the financial product or service.
The collected data is then utilized to calculate an average web rating, typically on a scale of 1 to 5, reflecting the overall customer satisfaction and experience associated with the specific offering. It is important to emphasize that these ratings are independently prepared by the DirectLendersList internal team and have not been influenced or approved by advertisers. This ensures the ratings remain objective and unbiased, providing users with reliable information to aid their decision-making process.
Applying for a OneMain Financial personal loan is straightforward. The process combines online convenience with optional in-person support.
OneMain Financial provides personal loans that typically range from $1,500 to $20,000, though the exact amount depends on where you live. Each state sets its own lending regulations, which can affect both the minimum and maximum loan sizes available.
Below is a breakdown of state-specific loan limits:
🔹 State-Specific Minimum Loan Amounts
Certain states have a higher minimum loan size than the general $1,500. These include:
• Alabama: $2,100
• California: $3,000
• Georgia: $3,100
• North Dakota: $2,000
• Ohio: $2,000
• Virginia: $2,600
🔹 State-Specific Maximum Loan Amounts
Some states have a lower maximum loan size than the general $20,000. These maximums are:
• North Carolina: $11,000 (both unsecured loans for all customers and secured loans for existing customers)
• Maine: $7,000
• Mississippi: $12,000
• West Virginia: $13,500
🔹 APR
• APR Range: Typically between 18.00% and 35.99%, depending on your credit profile, loan type (secured vs. unsecured), state regulations, and repayment terms.
• Fixed Rates: Your rate remains the same throughout the life of the loan, ensuring consistent monthly payments.
🔹 Origination Fees
OneMain charges a one-time upfront fee for processing and setting up the loan. It can be either a flat amount or a percentage of the loan amount.
• Flat fee: $25 to $500, OR
• Percentage-based fee: 1% to 10% of the loan amount
• State laws may limit these fees, but OneMain often charges less than the legal maximum in some cases.
• OneMain deducts this fee from your loan proceeds, rather than requiring an upfront payment.
🔹 Late Payment Fees
OneMain charges a fee if you miss the grace period on your monthly payment.
• Flat fee: $5 to $30 per late payment OR
• Percentage-based fee: 1.5% to 15% of the full monthly payment or the overdue portion.
• These fees are subject to state-specific limits.
🔹 Non-Sufficient Funds (NSF) Fees
If a payment fails due to insufficient funds, OneMain charges a return fee.
• Fee range: $10 to $50 per returned payment.
• Fee amount depends on state law.
🔹 Governmental & Title Fees
• If you take a secured loan backed by a vehicle, OneMain may charge fees related to adding itself as a lienholder on the title.
• You pay the exact fee assessed by state or county authorities.
🔹 No Prepayment Fees
• OneMain allows you to pay off your loan early without charging any penalties.
• Early repayment helps you save on interest and close your loan faster.
The state’s serviced may change without prior notice; visit the lender’s website for up-to-date information.
Alabama | Georgia | Maryland | New Jersey | South Carolina |
Hawaii | New Mexico | South Dakota | ||
Arizona | Idaho | Michigan | New York | Tennessee |
Illinois | Minnesota | North Carolina | Texas | |
California | Indiana | Mississippi | North Dakota | Utah |
Colorado | Iowa | Missouri | Ohio | Virginia |
Kansas | Montana | Oklahoma | Washington | |
Delaware | Kentucky | Nebraska | Oregon | West Virginia |
Louisiana | Nevada | Pennsylvania | Wisconsin | |
Florida | Maine | New Hampshire | Wyoming |
Customer Service Availability
OneMain provides support through multiple dedicated lines:
• Existing Loans: (833) 390-2034
• Loan Applications: (800) 525-0451
• Web & Mobile App Help: (800) 325-2146
📞 Phone Support Hours
• Monday–Friday: 7:00 AM – 7:00 PM CT
• Saturday: 8:00 AM – 12:00 PM CT
• Sunday: Closed
💻 Secure Messaging: Available through your online account portal
🏢 Branch Assistance: 1,300+ branches nationwide
• Monday–Friday: 8:00 AM – 5:00 PM (hours may vary by location)
• Saturday–Sunday: Closed
⭐ Reputation and Ratings
• Trustpilot: 4.7 out of 5 ★ (based on 73,000+ reviews)
• BBB: A rating, accredited business
• ConsumerAffairs: 1.4 out of 5 ★ (based on 3,318 reviews)
• WalletHub: 3.6 out of 5 ★ (based on 2,700+ reviews)
*Ratings as of August 2025; may change over time.
💬 Customer Feedback (Based on Reviews Across the Web)
Overall, reviews across the web describe OneMain Financial as a lender that provides fast funding, friendly in-branch service, and clear communication; however, high interest rates, occasional upselling practices, and inconsistent service quality across branches and the digital platform make the overall experience mixed.
✅ Positive Experiences
• Many borrowers wrote that staff treated them with respect and kindness, explaining things clearly, and often even remembering employees by name.
• Customers highlight the speed of funding, with some noting they received money the same day they applied.
• Customers shared that loan officers explained the process clearly, which helped ease their stress.
• In multiple reviews, people valued the supportive approach during financial hardship, noting that staff worked with them to find suitable payment options.
• Repeat borrowers noted that their experience stayed smooth each time, which gave them confidence to return.
❌ Negative Complaints
• A recurring complaint is about high interest rates, which many borrowers found made repayment more difficult.
• Some reviewers felt pressured to accept add-ons they didn’t intend to take.
• Delays in document processing or loan approvals have left a few borrowers feeling frustrated.
• Feedback on the mobile app is mixed, with users pointing out issues, including glitches and difficulties tracking payments.
• Several customers found the documentation requirements for secured loans excessive, particularly regarding vehicle titles and insurance.
Most frequent questions on OneMain Financial Personal Loans
Yes. OneMain Financial is a direct lender, which means it funds and services its own loans.
Borrowers can choose between unsecured personal loans (no collateral required) and secured loans (typically backed by a vehicle).
Not necessarily. You may still qualify even if your credit isn’t perfect, as approval depends on your overall financial situation, including your income, debts, and ability to repay, rather than just your credit score.
Yes. The prequalification process uses a soft credit check, which won’t impact your score. A hard inquiry is triggered only if you decide to proceed with the loan, which may affect your credit.
Prequalification takes just minutes. Final approval depends on how quickly you submit documents and whether your loan is secured. Some loans are approved the same day.
Many borrowers get their funds the same day. With SpeedFunds® (sent to your debit card), you might even see the money in about an hour. Direct deposits usually take 1–2 business days.
Yes. OneMain may charge an origination fee, either as a flat amount ($25–$500) or as a percentage (1%–10%), depending on state regulations. Additionally, late payment fees, NSF fees, and governmental/title-related fees may apply to secured loans.
No, you won’t pay any fees if you decide to pay off your loan early.
Yes. Adding a co-applicant can strengthen your eligibility, increase your chances of approval, or help you qualify for more favorable terms.
Yes. On-time payments are reported to major credit bureaus and can help build credit over time.
Yes. OneMain Financial offers a 7-day cancellation window. To cancel the loan with no obligation, return the funds within seven calendar days from the date of the loan agreement.