OneMain Financial Loans: Quick Personal Credit Options

Looking for personal credit? OneMain Financial offers loans for expenses, debt consolidation, and more.

With loan amounts ranging from $1,500 to $20,000 and fixed rates between 18.00% and 35.99% APR, OneMain Financial provides the financial flexibility you need. Their loans can be secured or unsecured, giving you options based on your circumstances.

Applying for a loan with OneMain Financial is quick and convenient. With over 1,300 branches nationwide, you can apply online, by phone, or in person. Some customers even receive their funds as soon as one hour after closing!

Don’t let financial obstacles hold you back. Explore the quick personal credit options available through OneMain Financial and take control of your financial future.

Personal Loans for Various Needs

OneMain Financial understands that financial needs can arise unexpectedly, and they offer personal loans to help you overcome various situations. Whether you have car repairs that need immediate attention, vet visits that require funds, dream getaways you’ve been longing for, or debt that needs consolidation, OneMain Financial has you covered.

Their loans allow you to use the funds according to your specific needs. Whether you’re fixing your car to get back on the road, taking care of your beloved pet’s medical expenses, finally embarking on that dream vacation, or consolidating your existing debts into one manageable payment, OneMain Financial’s loans are designed to address your unique circumstances.

Whatever your financial goals, OneMain Financial offers a straightforward loan process to ensure a seamless experience. From the initial application to receiving the funds, they are committed to providing you with the support you need every step of the way.

Eligibility and Required Documents

Before applying for a loan with OneMain Financial, you must understand the eligibility criteria and the documents you’ll need to provide. Several factors are considered when determining your loan eligibility, including your financial history, credit history, income and expenses, loan purpose, bankruptcy status, and the state where you reside.

To complete the loan application process, you must submit certain documents. These documents include:

  • A valid government-issued ID
  • Social Security card
  • Proof of residence
  • Proof of income

Additional documentation may be requested depending on your unique situation. It’s essential to have these documents ready to ensure a smooth and efficient application process.

Having the necessary documents readily available will help expedite the loan approval process and increase your chances of obtaining the financing you need. Providing accurate and up-to-date information can ensure a hassle-free application experience with OneMain Financial.

Fast and Convenient Loan Process

At OneMain Financial, we understand that speed and convenience are essential to the loan application process. We strive to make the experience as quick and seamless as possible for our borrowers.

Effortless Online Application

Our online loan application is designed to be user-friendly, allowing you to apply for a loan in just minutes. Visit our website, complete the necessary information, and submit your application. Our system will then review your application and provide a prompt loan offer.

Streamlined Loan Document Signing

Once your loan is approved, signing the necessary documents is straightforward and efficient. Our experienced loan officers will guide you through each step and ensure that you understand the terms and conditions of your loan.

Rapid Funding Options

Our priority is receiving your funds quickly. When using a debit card, you can expect to receive your funds within one hour of signing the loan documents. We also offer other convenient options for receiving your funds, such as direct deposit (ACH) or a check.

With our fast and convenient loan process, you can apply for a loan, sign the necessary documents, and receive your funds on time. At OneMain Financial, we are committed to providing you with the financial assistance you need when you need it most.

loan application

Secured vs. Unsecured Loans

When considering a loan, it’s essential to understand the difference between secured and unsecured options. At OneMain Financial, we offer both types of loans to provide flexible borrowing solutions that meet our customers’ diverse needs.


Secured loans require collateral, such as a vehicle, to secure the loan amount. This collateral protects the lender. If a borrower defaults on a secured loan, the lender has the right to take possession of the collateral to recoup its losses.

On the other hand, unsecured loans do not require collateral. Instead, these loans are granted based on a borrower’s creditworthiness and ability to repay the loan without collateral. Unsecured loans allow borrowers to obtain funds without risking valuable assets.

Interest Calculation:

Secured and unsecured loans differ regarding collateral requirements and how the interest is calculated.

Secured loans typically have precomputed interest. The interest is calculated upfront and incorporated into the loan amount. The total interest for the entire loan term is determined at the beginning, and the borrower pays the same interest regardless of earlier repayment.

Unsecured loans, on the other hand, have simple daily interest rates. Daily simple interest accrues on the unpaid principal balance until the loan is fully repaid. This allows borrowers to save on interest costs by making earlier payments and reducing the outstanding loan balance.

By offering secured and unsecured loan options, OneMain Financial ensures borrowers can access credit solutions tailored to their unique financial situations. Whether you need a secured loan’s security or an unsecured loan’s flexibility, we are here to help you achieve your goals.

Fee Structure

OneMain Financial understands that borrowers value transparency when it comes to loan fees. Here is an overview of the costs associated with their loans:

  • Origination Fee: OneMain Financial charges an origination fee for their loans. This fee can either be a flat amount or a percentage of the loan amount. It is essential to consider this fee when calculating the total cost of your loan.
  • Late Payment Fees: To promote timely repayment, OneMain Financial may charge late payment fees if payments are made after a grace period. Making your payments on time is crucial to avoid incurring these fees.
  • Non-Sufficient Funds (NSF) Fees: If a payment made by check or electronic debit is returned due to insufficient funds, OneMain Financial will charge an NSF fee. Ensuring you have sufficient funds available to cover your loan payments is paramount.
  • Governmental Fees: In some instances, governmental fees may be charged for loans secured by an automobile. These fees could include lien recording fees or title fees. Familiarizing yourself with your state’s regulations and any associated fees is essential.
  • Prepayment Penalties: OneMain Financial does not impose prepayment penalties on their loans. This means borrowers can pay off their loans early without incurring additional fees. This allows you to save on interest by paying off your loan beforehand.

By being aware of these fee structures, you can make informed financial decisions and plan your loan repayment strategy accordingly.

Interest Rates and Total Cost of Loan

OneMain Financial offers personal loans with interest rates ranging from 18.00% to 35.99% APR. The specific interest rate for your loan will depend on factors such as your credit history, loan term, and the amount you borrow. It’s important to note that interest rates can impact the total cost of your loan.

The loan amount, interest rate, and term determine the total cost of your loan. To illustrate this, OneMain Financial provides examples of the total cost for different loan amounts and terms based on the company’s highest and lowest interest rates.

Examples of Total Cost of Loan:

  • If you borrow $5,000 with a 24-month term and an 18.00% APR, the total loan cost would be $5,900.
  • A $10,000 loan with a 36-month term and a 25.00% APR would cost $14,500.
  • For a $15,000 loan with a 48-month term and a 35.99% APR, the total cost would amount to $26,000.

These examples are for illustrative purposes only and serve as a guide to help you understand how interest rates can impact the overall cost of borrowing. It’s crucial to carefully review and consider the terms of your loan agreement, including the interest rate, before deciding.

Interest Rates and Total Cost of Loan

Remember, the interest rate and total cost of your loan will depend on your circumstances and the specific terms offered by OneMain Financial. When considering a personal loan, comparing rates, assessing the total cost, and evaluating your repayment ability is essential.

Insurance Options

OneMain Financial offers various insurance options for borrowers to provide additional protection and peace of mind.

Credit Life Insurance

Credit life insurance is available based on the loan term and provides coverage based on the initial amount borrowed. This insurance can help cover the outstanding loan balance in the event of the borrower’s death, ensuring that loved ones are not burdened with the debt.

Credit Involuntary Unemployment Insurance

Credit involuntary unemployment insurance offers coverage for the borrower’s monthly loan payments in the event of involuntary unemployment. This insurance can provide financial assistance during challenging times and help borrowers maintain their loan obligations. Rates for single and joint coverage may vary.

Credit Disability Insurance

Credit disability insurance covers the borrower’s monthly loan payments in the event of disability or incapacity. This insurance provides financial protection and ensures that loan payments are not missed during illness or disability. The cost of credit disability insurance can vary based on the loan term.

Creditor-Placed Insurance

Creditor-placed insurance is obtained when the borrower fails to provide proof of or maintain required insurance coverage, such as homeowners or auto insurance. This type of insurance offers limited coverage for the lender’s and borrower’s interest in the collateral. It helps protect the lender’s financial interest in the collateral, ensuring coverage in case of damage or loss.

These insurance options offered by OneMain Financial can provide added protection and security for borrowers, allowing them to pursue their financial goals confidently.

Early Loan Payoff Options

OneMain Financial allows borrowers to pay off their loans early without incurring penalties. Whether you want to reduce your overall interest paid or achieve financial freedom sooner, this option is available to you.

If you wish to pay off your loan in one go, you can make a one-time payment for the outstanding balance. This will eliminate your debt in a single transaction and save you money on future interest payments.

In addition to a one-time payment, OneMain Financial allows borrowers to make extra payments along with their regularly scheduled monthly payments. This reduces the principal balance faster, leading to an early loan payoff.

You can conveniently access your OneMain Financial account online to explore payoff options. The online portal provides a clear overview of your loan balance, payment history, and various payoff scenarios. Contact OneMain Financial’s dedicated customer service team via phone if you prefer personalised assistance.

Take advantage of OneMain Financial’s early loan payoff options to take control of your financial future and achieve your goals sooner.


OneMain Financial offers quick personal credit options with loan amounts ranging from $1,500 to $20,000, making it an excellent choice for those seeking quick access to funds. With fixed rates between 18.00% and 35.99% APR, customers can find a loan that suits their financial needs.

The application process with OneMain Financial is fast and convenient. Borrowers can complete it online, by phone, or in person at one of their 1,300 branches. Funds can be accessed quickly, often in as little as one hour after closing, providing immediate financial relief.

Whether you need to cover unexpected expenses, consolidate debt, or make a significant purchase, OneMain Financial aims to provide personalized credit solutions to fit your unique needs. You can find the best financing with their wide range of loan options and flexible terms.


What are the loan options offered by OneMain Financial?

OneMain Financial offers personal loans ranging from $1,500 to $20,000 with 24-60 months loan terms.

What are the interest rates for OneMain Financial loans?

The interest rates for OneMain Financial loans range from 18.00% to 35.99% APR.

How can I apply for a loan from OneMain Financial?

You can apply for a loan from OneMain Financial online or by visiting one of their 1,300 branches.

What factors impact my eligibility for a OneMain Financial loan?

Several factors impact your eligibility, including your financial history, credit history, income and expenses, loan purpose, bankruptcy status, and residence state.

What documents do I need to provide for a OneMain Financial loan application?

You must provide a valid government-issued ID, Social Security card, proof of residence, and proof of income. Additional documents may be required based on your specific situation.

How long does it take to complete the OneMain Financial loan application process?

The online loan application takes minutes, and signing loan documents takes 30-45 minutes.

How quickly can I receive funds from OneMain Financial?

Depending on the chosen method of receiving funds, some customers may receive funds as soon as one hour after signing the loan documents.

What is the difference between secured and unsecured loans from OneMain Financial?

Secured loans require collateral, such as a vehicle, while unsecured loans do not. Secured loans also have precomputed interest, while unsecured loans have daily simple interest.

What fees does OneMain Financial charge for their loans?

OneMain Financial charges fees such as an origination fee, late payment fees, NSF fees, and governmental fees for loans secured by an automobile. However, they do not impose prepayment penalties.

How is the total cost of a OneMain Financial loan calculated?

The total cost of the loan depends on the loan amount, interest rate, and term. OneMain Financial provides examples of the total cost for different loan amounts and terms.

What insurance options are available for OneMain Financial borrowers?

OneMain Financial offers credit life insurance, involuntary unemployment insurance, credit disability insurance, and creditor-placed insurance.

Can I pay off my OneMain Financial loan early?

Yes, you can pay off your loan early without penalties. You can make a one-time payment for the total outstanding balance or extra payments with your regularly scheduled payments.

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