Formerly 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.
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.
Want to read more OneMain Financial reviews like the one below? Click here to see what else consumers are saying about the loan provider.
Customer Review: Eddie from Utah
"My experience with OneMain Financial was an extremely positive one. It helped clear up some financial messes, with a structured repayment plan. They were flexible and while they had rules to follow, they still treated you like a human being. They helped the one time and it made all the difference."
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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 percent. 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 percent 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.
Michael T Kacer
When I Needed a loan they were there and talked with me about my needs and told me how they could best help me and they were really wonderful to work with ... they made it fast and easy there close to where I live and always available when I have needed help too. I would tell anyone that needs help to go to ONE MAIN First and talk with them .....
great people to work with
They were all great and helpful
Tabitha or Keith Murphy
Very Helpful and very professional
iva Jo Awerman
The customer service at the One Main financial in Crestview was great. The two girls that work in the office there are very friendly and helpful. They made the experience of getting the loan unstressful and smooth.
My experience with OneMain was very profession, and that they care about your personal needs.
Staff was very knowledgeable and easy to work with. Did not make us feel inferior for borrowing money for roof repair.
My entire experience from start to finish was exemplary thanks to Julio!
I've called upon One Main Financial twice to get me out of a financial bind. They are conveniently located in my community. I've gotten to know the employees and they know me and are very friendly, courteous and professional in meeting my needs. My interest rate is a little higher than I would like, but I do have credit issues, so I'm happy they were willing to work with me. I wouldn't hesitate to utilize them again.
Worst band of thieves I ever borrowed money from, you are better off with a loan shark.
The staff at OneMain Financial in Pikeville, Ky. were very informative. The receptionist who answered the phone was very polite and I did not have to wait to talk to my loan offier. The loan officer was very knowledgeable in the loan products. He fully explained the loan documents needed and explained my payments and other aspects of the loan very clearly. I really like the crew at OneMain Finanacial in Prestonsburg.
Awesome customer service! I come back to Onemainfinancial when I have a need because I can depend on them to help me however they can. I like being treated with respect and to feel like I am important to them. I can't think of a thing they could have done differently to make it a even better transaction. I am a very satisfied customer.
The woman who handled my loan was very skilled at what she does and had my loan taken care of very promptly, I would definatley refer customers family and friends
Ryan was exceptional! Explained everything in great detail and made me feel comfortable. Very professional and friendly.
I was impressed with the overall efficiency and dedication to customer satisfaction of the staff. The loan officer I dealt with was a great help with her suggestiond.
Excellent service,professional staff ,
I have used OneMain 3 times. Each time, your staff has been very professional and knowledgeable. I felt as though you had my best interests at heart. If I am in need of another loan, I will use OneMain.
One Main personnel have always provided me with exceptional customer service. The personnel explain in great detail my options and offer suggestions to enable me to meet my financial needs.
I was able to get a loan very easy. Representative very nice. My dog was very sick and I was able to save her life with this loan. I am grateful they assisted. I would recommend using to anyone.
I recently worked with OneMain on an unsecured loan, an awesome and painless experience at the Portage, Michigan office. I've worked with the office in the past as well, they are alwats accurate, professional and courteous to me. Very pleasant to work with, definitely continue my business with them as needed in the future.
OneMain has helped us to better our credit scores, payoff debtors, and given us peace of mind that we are going in the right financial direction. We have already recommended OneMain to friends, and will continue to do so....everyone deserves to have financial peace!
our agent was ok, just wish they would ask for all info needed before the 4hour closing time.
the people were great
Harry Fifield Sr
The people were friendly and very helpful.. I feel things were fair just wish the interest was lower..
One Main has your back! They will find the means to help you the best they can! All personnel are extremely helpful and courteous!
John Ben Bancroft
My loan with CitiFinancial was secured by a vehicle. Subsequently, OneMain purchased CitiFinancial. The loan was satisfied over a year ago in 2014. I have not received my automobile title back. I received a letter dated April of 2016 from OneMain that the loan was paid and the collateral could be released, but it did not reference the VIN so it cannot be used as lien release letter. I called the provided phone number and asked that title be returned to me or to the appropriate state authorities...the OneMain agent asked for the last six digits of my SSN. I refused to give her the last six digits, but told her the last four digits, my name and my OneMain account account number should be sufficient for identification purposes. she insisted that I had to give her the last six of my SSN. I refused and told her I would review State Law to determine what is required. she said "do what you need to do, John" and she hung up. So, I'm doing what I have to do and will be obtaining the name of their agent for service of process.
Harold K. Beemer
One Main staff provide a comfortable and cheerful loan experience. Their expertise is evident in the entire process through application to check with total efficiency. The staff made me feel like family during the process. The family experience continues as they stay in touch by mail and Email for special offers even sending me birthday wishes. I highly recommend One Main as your next lending institution.
They were awesome in helping me get approved for a loan. Would use this agency over and over again
One Main helped me consolidate so I am making one payment for several bills. Within a year I was able to move into a new loan with less interest. My credit score keeps getting better and better.
I am very satisfied with my loan through One Main Financial, this is my third loan with them. The employees are very friendly, efficient, and quick! I was able to consolidate my credit card debt to a lower monthly payment, and still have an end in site for paying the loan off! Plus, I can always pay more down to get it paid off sooner with just a simple phone call!
The staff here at our local One Main is great. They have always been friendly, courteous, and very helpful. They have given me advice as to how to set up my loan and tips on how to pay it off quicker. They are a good bunch of people and I would recommend them to anyone. Thank you! ! ! !
Its great doing business with this company I have been with them for some time now and thay are great
Don't get a loan from OneMaine. The worst! You'll never get out of it. The interest is INSANE! Highway robbery. Just best to Get a credit card that will help with your credit score and get a loan from a bank. I will never make the same mistake of getting a loan from OneMaine. I have never missed a payment and I'm still paying on the loan from a year ago. Do yourself a favore, and DON'T DO IT!
The staff is always helpful They explain all the papers I am signing . I always feel like they will be there if I have any questions.
They were very helpful and spent time to get the loan to go threw.
Noelani R.Y. Miram
I recently applied and received a loan. I was told at the time that I was able to get an addition if needed. Since I didn't take the full amount at the time. I was told just call ANYTIME if you decide you need more. Well 2 weeks later I did just that. As I had encountered a vehicle maintenance emergency. I called and it took a few days for the assistant to get back to me to say I was approved and that I could go in to pick up the check. So I call 3 days later (because it was the weekend and they were closed, and my work schedule didn't sync with there office hours) and they tell me that One Main policy has changed and I was now NOT approved. Now after 2 weeks all of a sudden the policy has changed. If your associates are trained why would they not have known that the first time I came in, why would they announce call us ANYTIME if they knew that was not true. I am greatly appreciative for the approval of my existing loan. On the other hand definitely frustrated and upset. After being a long time customer and a recurring customer I felt a betrayed and lied to. Knowing that I was told one day that I was approved and then 3 days later I am not. Of course I am bound by contract obligations to fulfill my payments but am just so frustrated that I was relying on that to fix my transportation and mad appointment arrangements and now I am unable to because some kind of mistake on someone's part. All I got was oh sorry try again in a couple months. How does that solve my situation right now? Very frustrated and disappointed
it help to consolidate some of my bill but its very high in rate
They provided the finances I needed to pay off my taxes and truck and miscellaneous bills at first but have helped with paying off credit cards and get tags for newer vehicle. It has really helped us a lot.
Have use the One Main branch before. The stsff are konwledgeable, efficient and friendly.
One Main has helped me several times with unexpected expenses and also to consolidate bills and cut interest to be paid out. They were courteous and friendly each time and remembered who I was when i walked in even if I had not been in the office for several months. I would definitely recommend family or friends to go see them.
J R Weiner
This company is not ethical and discriminates against people. They do not understand anything that people provide as far as documentation. They send mountains of papers for no reason either. Avoid these people they are not ethical and they will lie and waste your time.
I don't have the best credit score, One Main Financial helpped me obtain a loan, that best suited my qualifications with a payback amount I was able to really work with.
It helped me get a car also helped me pay off some bills. Just the rates are so high.That's why I scored it low
It was a great experience at the Farmington, Mo office. Richard was outstanding! Just wish I could have gotten a better interest rate.
My bills were payed off and I'm left with some money to help in other ways
I had bad credit and in need of $ fast. They accepted me!! Now my credit score increased after this. Thank you onefinancial. :-)
gloria j palmer
This loan has helped me to do things around the house and payments were affordable.
The staff was very knowledgeable and helpful and friendly with us the entire time. They were also very personable in understanding our needs and financial situation.
I have done business with ONEMAIN for many years and they are the most easy to deal with and the most friendly financial people I have ever dealt with. I would recommend them to all my friend and family.
I have had a good experience with OneMain the people that has helped me has been very nice and helpful