OneMain Financial
check_circle VerifiedFormerly known as CitiFinancial, OneMain Financial has been offering financial solutions since 1912 and has nearly 1,600 local branches in 44 states. Springleaf Financial acquired OneMain Financial in 2015 and the combined companies are now known as OneMain.
OneMain Financial offers personal loans from $1,500 - $20,000, with term lengths of 24, 36, 48, or 60 months available. Funds are available as early as the same day, if you apply by noon.
- Loan use — Auto loan or personal loan
- Loan amounts — $1,500–$20,000
- Term lengths — 24–60 months
- Annual Rate — 18%–35.99%
- Minimum credit score — Not provided
- Origination fee — $25 to $300, or 1% to 10%, depending on your state
Potential borrowers can check to see if they are pre-qualified by filling out a quick form online. The form requires the basic information to do a soft credit check, including your name, monthly income, and the last four digits of your social security number. Checking for loan offers will not affect your credit score.
The lender's customer base is extremely satisfied with OneMain Financial's services and highlight quality customer service, attentive staff, and a simple loan application process.
Read OneMain Financial reviews below to see what else consumers are saying about the loan provider.
The Good
- Availability
- Same-Day Funds
- Fixed Rates and Fixed Payments
- No Prepayment Penalties
- Industry Pioneer
- Minimum Loan Amount
- Secured Loan Available
- Loan Payment Options
- OneMain Financial Reviews
Availability
OneMain Financial has nearly 1,700 branches in 44 states, providing a large portion of the country with the opportunity to take advantage of its services.
Additionally, OneMain Financial offers three ways to apply for personal installment loans or auto loans: online, over the phone, or in person. It is one of only a few loan companies to offer three application options, as many newer providers only offer an online option. For those customers who like a personal touch, OneMain can provide it.
Same-Day Funds
After discussing your particular case with a professional, qualified loan processor, you can receive your loan offer and money as soon as the same day — if you are approved by noon.
OneMain loan proceeds may be disbursed by check, Automated Clearing House (ACH) deposit, or a prepaid card. Receipt and availability of loan proceeds vary based on the funding option selected. Potential borrowers may contact a OneMain loan specialist for additional information about funding options and funds availability.
Fixed Rates and Fixed Payments
OneMain Financial loans have fixed rates and fixed payments, so you never have to worry about being bombarded with higher interest rates or increased monthly payments.
When you receive your official loan offer, it will stay the same for the length of the repayment term. This allows borrowers to plan ahead and be fully prepared for their personal loan payments. Please remember that if you don't make your monthly payment on-time or within your applicable grace period, late fees and NSF fees from your financial institution will still apply.
No Prepayment Penalties
Unlike many other personal loan lenders, OneMain Financial does not charge a prepayment fee if you choose to repay the loan earlier than the due date requires. This allows borrowers to save a great deal of money in interest charges if they decide to do so.
Industry Pioneer
Originally established in 1912 under the name Commercial Credit, OneMain Financial touts itself as a pioneer in the finance industry. Just four years after its founding, the company began offering installment loans for automobiles, which was an exciting new phenomenon at the time. Since 1944, the company has been operating a credit insurance unit known as OneMain Solutions. As such, the company is an experienced player in the financial services industry.
Minimum Loan Amount
OneMain Financial allows you to borrow as little as $1,500, which is relatively low for a personal loan lender. Many financial institutions require minimum loan amounts closer to $5,000 or more. This is useful for borrowers who are looking to take out smaller personal loans.
Secured Loan Available
Many personal loan lenders only offer unsecured loans. OneMain Financial, however, offers secured and unsecured loans. This means you have the option to offer up collateral to help qualify for a loan or simply to receive a lower annual percentage rate (APR).
Offering secured and unsecured personal loans helps this lender cater to a larger number of borrowers and gives them more loan options to work with. This is also useful for borrowers who have a less-than-excellent credit score, don't have enough credit history on their credit report, or have a higher debt-to-income ratio. A secured loan gives lenders the guarantee they need to ensure the borrower is a reliable customer.
Loan Payment Options
Many personal loan companies have set monthly payment options. With a OneMain loan, you can make loan payments by automatic checking account withdrawal, debit card, check, money order, and more. Options vary, depending on whether you make a payment online, over the phone, in the mail, on the OneMain mobile app. Customers can also make a one-time payment with the PayNearMe service at Family Dollar, CVS, 7-Eleven, and Casey's General Store locations.
OneMain Financial Reviews
With hundreds of reviews, OneMain Financial has a high star-rating from consumers, demonstrating a satisfied customer base. Positive reviews note excellent customer service, a simple loan application process, and quick payment. If you want to learn more about the customer experience with this lender, browse OneMain Financial reviews below.
The Bad
- Limited Max Loan Amount
- State Borrowing Limitations
- Not for Excellent Credit
- Not Best for Debt Consolidation Loans
Limited Max Loan Amount
OneMain Financial personal loan options max out at $20,000 for personal loans, which is relatively low compared to maximum loan amounts offered by other online lenders in the industry. (However, borrowers do have the option to take out $30,000 with OneMain if the loan is for a car.)
On the other hand, OneMain Financial also has a lower minimum loan amount than most lenders, which creates more opportunity for borrowers who are looking for smaller personal loans.
State Borrowing Limitations
OneMain Financial is not available in every state. Unfortunately, if you are outside of the company's service area, you will be unable to use OneMain Financial as your lender.
Not for Excellent Credit
What's your credit score?
This consumer loan company is more geared towards borrowers with poor credit than excellent. This is clear by the fact that a minimum credit requirement is not provided, its personal loan APRs are more similar to credit cards than personal loans that only want good credit borrowers.
While borrowers with excellent credit will likely be better suited towards a loan elsewhere, borrowers with less-than-perfect credit, and possibly even bad credit, may be accepted for a loan with OneMain, if they are able to meet lending requirements and use a vehicle as collateral. Acceptance is not guaranteed for everyone. Larger loan amounts require a lean on a vehicle ten years old or less, that meats value requirements. APRs are higher on unsecured personal loans.
Not Best for Debt Consolidation Loans
OneMain's loan service isn't for everybody. One example of this is people looking to manage credit card debt with a personal consolidation loan.
When people consolidate debt, it is usually for credit cards with high interest rates. To save money, you need to have a debt consolidation loan with a lower annual percentage than you have on your credit cards. Otherwise, there is no point. The personal loan rate at OneMain starts in the teens and goes up to 35.99%. This APR includes origination.
This means that OneMain Financial interest rates are more similar to credit card rates than what many people think of as personal loan rates.
In the United States, loans over 35.99% cannot be advertised as personal loans. So, unless you are looking to consolidate a payday loan or similar debt, OneMain may not be the best option.
The Bottom Line
OneMain Financial allows consumers to apply for a personal loan online, over the phone, or in person, making the process simple and convenient for many individuals. The company, which is a pioneer in the financial industry, can provide borrowers with funds as early as the same day. The lender does not charge prepayment fees, so borrowers can pay off their OneMain Financial loan anytime they'd like, even if it's well before the due date. This allows borrowers to save money in interest charges and gives them more versatility in their loan options.
With a high star rating from consumers, this lender is known for its excellent customer service, simple application process, and quick funds availability.
Read OneMain Financial reviews below to learn more about the personal loan provider and its customer satisfaction.
*Not all applicants will qualify for larger loan amounts or most favorable loan terms. Loan approval and actual loan terms depend on your ability to meet our credit standards (including a responsible credit history, sufficient income after monthly expenses, and availability of collateral). 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. Maximum annual percentage rate (APR) is 35.99%, subject to state restrictions. APRs are generally higher on loans not secured by a vehicle. 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 $300. Percentage-based fees vary by state ranging from 1% to 10% of your loan amount subject to certain state limits on the fee amount. Active duty military, their spouse or dependents covered under the Military Lending Act may not pledge any vehicle as collateral for a loan. OneMain loan proceeds cannot be used for postsecondary educational expenses as defined by the CFPB’s Regulation Z, such as college, university or vocational expenses; for any business or commercial purpose; to purchase securities; or for gambling or illegal purposes.
Borrowers in these states are subject to these minimum loan sizes: Alabama: $2,100. California: $3,000. Georgia: Unless you are a present customer, $3,100 minimum loan amount. Ohio: $2,000. Virginia: $2,600. Borrowers (other than present customers) in these states are subject to these maximum unsecured loan sizes: Florida: $8,000. Iowa: $8,500. Maine: $7,000. Mississippi: $7,500. North Carolina: $7,500. New York: $20,000. Texas: $8,000. West Virginia: $14,000. An unsecured loan is a loan which does not require you to provide collateral (such as a motor vehicle) to the lender.
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User Reviews
Star Rating
245 Reviews
Review Breakdown
Sentiment Criteria
Scott Velasquez
Have to say One main has been there for me for almost 7 years and has been out standing and understanding with helping me fight threw my cancer never ask for forgiveness until now cause I was out of work for 2 years and still made my monthly payment on time until these last few months were I fell behind and one main picked me back up to help me and my family. Just wish there was just a little more to get me establish again and promise to fulfil my obligation to one main.. A substantial loan will help me payoff everything and be less stress due to had having cancer which I lost 2 years of battling and praying that a decent loan will get me back on top.. 7 year loan I made on time payments just need another loan that can secure my debt and be happy that a few thousand will help me get my life and my family's life back on track. But I'm grateful for the help that was provided .. I no with a 5000 dollar loan will help almost bring tears to my eyes cause I been working for my company 16 years. Just these few months with being out of work set me back if not my loans would have been paid off. I just need the support and trust that I know I can payback any loan that would be given to me I proved it with my car loan 72 months and coming down to just 6 months my cancer has set me back but in fighting hard every day to prove I'm worthy of a respected loan form one main if there can help me out would be Great with the holidays approaching I nice loan to set me free and pay you guys faithful just need a chance to prove my worth and will not let you down. Thank you OneMain and Tara and the rest of the Staff that is Great !!!! Just one chance to prove my worth . Z
Cary
If you are trying to buy a car more than 10 years old, this is your place.
Jim metcalf
We had a quick and painless experience, and were able to get the help we needed without a lot of hoops, Just professional service
Violeta
Every time that we have worked with One Main we have been extremely impressed. They have been so incredibly helpful. We appreciate the opportunity
Melissa Carpenter
Very professional courteous and honest definitely we will return for business
raymond weber
I was please with one main , I treated good excellent service and wasn't long there . thank you for everything I really like talking to the service I got thanks you for the loan
Frederick Talford
Very helpful and friendly they explained everything in detailed and went above and beyond and they wetr very patient with me
Susana Pena
Friendly staff..easy process..and I like the fact that they can do direct deposit instead of going and checking check
Larry D Cruz
WHEN I CONTACTED ONE MAIN TO SECURE A LOAN EVERYONE WAS VERY HELPFUL AND ATTENTIVE. I HAVE NEVER ATTAINED A LOAN ONLINE BEFORE. BECAUSE OF THIS EXPERIENCE I WILL ABSOLUTELY DO BUSINESS WITH ONE MAIN AGAIN.
Our visit to One Main for a loan application was very pleasant. The process went rather quick, every detail was explained, the people there are very friendly and knowledgeable and understand your needs. Thorough process of explaining every detail and options. OK, I'm a big coffee drinker and the first thing I noticed was the free coffee machine and being waved a hello from a gentleman in the back. We have been doing business with One Main (bill consolidation) for a while now and find them to be highly competent, reliable, and fair. We highly recommend them as their staff is very knowledgeable and will go through your financial problems with understanding and willingness to help.
Connie
Very friendly and helpful staff made it easy to get the loan! Thank you!
Dewayne Motte
I had the best experience with the staff at my branch. They really went above and beyond what they had to do. I really doubt that a bank would have tried as hard as they did to help with my loan and everything turned out great.
Kelly Cox
Wonderful, fast, and nonbias friendly customer service! The entire office was friendly and effecient I. Getting our loan work done. From the first time we talked to closing the loan and having cash in the bank was 24 hours! We felt like equals to even the branch manager! 10+
Cheryl
I would refer one main to family and friends they made getting a loan easy they were courteous
Kenneth Evans
Onemain financial has helped me in ways I didn't think possible at the time, they were there for me when I needed help, and worked with me to solve my problem I was having, thank you one main for your help and support when I needed it.
Kathleen Phillips
They are very friendly and knowledgeable of the business. They want to work with you not against you. If you don't give them a chance it's your lost. Go talk to them!!!!!
Nida G. Cline
The loan officer who served me was very courteous, gave me financial guidance, which was very helpful, and did his job quickly and efficiently. The entire staff, including the one at the front desk, were pleasant and considerate.
Sheila Dunnagan
I have had nothing but excellent service from One Main Financial. I have had loans for Christmas, vacation, granddaughter' s wedding, to help daughter payoff an old car and get a new one. I keep going back to One Main because the 1st loan helped build my credit and I bought a house I thought I would never be able to get, as a single mother of 3. My credit has gone through the roof, thanks to One Main, and it's been very affordable, so I praise this company with bells and whistles and banners.
Daniel Biddle
Good customer service. The interest rates were to high. Overall, I would return if necessary.
Ted Lindsey
Recently borrowed against our motor home for funds to use as a down payment for a mobile home. Applied online and was called the following day with info and later that day with approval. Very few documents needed and staff was extremely friendly and helpfull. This was our second time getting a loan with them and both times a good experience. No pre payment penalties so loan can be paid off sooner. Just a very good experience!
Marisela morales
They were very helpful and friendly! But most importantly ,they helped to save me a lot of money. I would recommend their service to anyone!
Frank Verni
The customer service was exceptional with knowledgeable staff. The service was prompt without unwarranted delays. It was my first experience with this company and was very satisfied with the experience. Highly recommend it.
Jeffrey long
The Cleveland branch is the best branch that I have been too.. they will always have my business as long as I need a loan...
Rachel Flomo
They were when I needed help and they delivered, when no one else would help. Thank you.
Richard Hutchinson
One Main has worked with me to provide me with the appropriate loans to fit my personal needs. Customer service was outstanding and professional
G. Crawford
Customer service was outstanding...was in office total 30 minutes or less. Had all the paper work required and able to put on auto pay. Even choose the date(which I can change if I needed to).
This company rocks! I went to them to get a small unsecured loan to help re-build my credit after 2 disastrous divorces. They not only gave me the loan but told me they could get me $3000 more than I needed. During the course of the loan period, I would get occasional letters stating that I was qualified for another loan at a higher cash amount. When the first loan was almost paid off, I found a fantastic deal on my first Harley. I went to the office and asked them for the amount needed, they told me they could get me much more and that they would pay off several credit card balances and I would still have the money for the motorcycle! These people rock!
Susan Leigh Thaxton
I called OneMain about a loan to consolidate my bills and was told I could come in the same day and sign the papers and pick up my check. While I was there, I decided I needed more than I had asked for and it was approved within minutes. The representative that helped me was professional, kind and easy to work with. She was very thorough and explained everything to me to my satisfaction. I borrowed, what I believe to be, a large sum and my monthly payments are manageable. I will definitely go back to OneMain in the future if I ever need another loan.
Shawndell
Representatives at one main financial was quick and very professional.
Diana Cundiff
Great customer service. Fast and friendly service
Carrie Andrews
Wonderful people and great professional yet personable experience. Thank you !
Christi Johnston
Never use this company, they false advertise, affect your credit score after saying you are approved then deny. There reason talk in circles they say you are approved based on credit score then deny you based on credit score. Gimmicks. If you credit wasn't bad before it will be when they are done.
Sally mc callum
The manager is a big fat lier and her word is nothing and they need to get her out of their company and for everybody out their if you pay one main off and you used your car or truck tilted as your lien please be a ware if they say the lien has been lifted after you pay them off if it's computer generated they are lying to you please make sure they did what they said and end up like me had a second lien on my car with them and I paid them off and a year later paid off my car and one main sent me paper work saying they lifted the lien off my car after I paid them off and didn't find out I was lied to until I paid off my car and then I found out that one main still had a lien on my car I had to do my own leg work to get them off of my title if they have to go into the computer please be careful be cause they are lying to you about lifting the Lien , I hope this will help somebody out there pleas be careful and mindful of this company , these people are crooks and I promise you you don't need money that bad these people would let my title go they would not lift the lien and I paid them in full a whole year early so please Be a WARE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
janice b
Kind, friendly, non judgemental atmosphere, everything was smooth and I am so ever grateful for their services.
Debbie R.
My friend told me about this loan company, he said it was easy and he was able to get the amount he needed. So I called put my application over the phone by the end of the day i was approved and I had my check the very next day. I didnt have to use my car as collateral. I brang in all the information that they needed and thats it. Very Quick simple, payments i can afford, no penalty for paying off loan sooner. Great Place, Great People , Fast Service !!!!! I will return again,
Jacob M Snyder
Fast friendly service, will get my business again.
m brown
I am refinancing my loan through my jobs credit union. I was always suspicious about my loan from one main bcse statements were very vague. I even filed a complaint w consumer protection which was pointless bcse I wanted my statement to have detailed info. All it shows is the amount of my loan once it's paid off 5 yrs. I borrowed $9300 and it shows final loan only of $16000. The truth reared it's ugly head when I called for my payoff and now I know why the statement provides no info. I have paid about $2000 in pmts so far. They gave me a payoff of $2 less then my original loan. Basically its an interest only loan. Once the $7000 in interest is paid then you pay your principal. There is no way to pay it off early to save $$$. I will that $16k regardless. So the person who was yapping abt how horrible ppl are w money and how he paid it off early you're still not good w $$$. Now if I refinance I would be giving them $2000 after only having the loan for only 6 months. This is their scheme. No different then the predatory lending practices that caused our economy to crash. Location - Monroeville, PA
Janet Dragoo
The associates with OneMain Financial have outstanding customer services skills. Both over the telephone and in person, they have always set me at ease with my financial decisions.
Brian
Was very clear and made it painless to acquire my loan!!
Martha Lam
Great experience over all staff and management and excellent customer service.
Liv
This company is horrible!! Any good reviews on this place have to be fake!!! Don't waste your time with this bulls*it company!!!
Andy
VERY high interest. Contacting you at work when they have been told that the employer prohibits personal calls. This is a violation of FDCPA law. Giving loans with high interest and monthly payments when they know that loan will not be of substantial benefit.
Keith
One Main Financial has been very very helpful for me and a painting loans when I really needed help and nobody else would help also when I needed help with my repairs on cars or just to consolidate bills and they were willing to work with me I would have anyone to visit and try it out for their self
Cher
I have done business with One Main since their "CitiFinancial" days. They have always been easy to work with and the loan process quick and efficient. However, now that Silverleaf has purchased them --- the approval process is a nightmare. I will NEVER EVER take a loan from them again. They have lost my business for good.
Billy
These people are on the edge of very serious harassment. I'm not even 30 days late on my monthly amount and they have been calling me not only once but twice a day. Not only that but harassing my family who I put as my references. Do not do business with these people unless you want to be harrassed if you are even a week with your payment. I am about ready to call my lawyer about this harassment.
Anita Murray
This a great company friendly and very helpful
Chad Carswell
The best and most friendly people I have ever delete with
kimberly
Obtaining and receiving the loan was quick and easy, however trying to get all documents to them if you don't personally have them in hand was crazy. They say you may email them which is what i was going to do, but call first to make sure the manager is in office because apparently not all loan associates have access to the internet and email, therefore i had to make 3 separate trips, but overall experience was good
Michael Roos
Great customer service, great rates. The ladies at the Missouri City, TX location are exceptional.
siannan
I was skeptical at first, because the whole experience was efficient and painless. I would recommend this company to anyone with pressing financial needs,.