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. 

  • 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 — $30 to $150, or 1% to 5%, 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. 

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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 APR is 35.99%, subject to state restrictions.  APRs are generally higher on loans not secured by a vehicle. The lowest APR shown represents the 10% of loans with the most favorable APR. 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: $7,500. 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

4.1
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242 Reviews

Review Breakdown

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1 star
19%

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Pierre Martin
March 29th, 2016 Fairfield, ME

In life, there may come times when we can find ourselves constantly struggling to either get ahead, or just to keep up with our financial responsibilities. Taking on additional jobs is sometimes impossible, and reaching out to family members or friends, does not answer the issues we face. And as we all know....the longer you fend off bills and the bill collectors that can follow, the worse it all seems to get. Or it may be that you just want to consolidate all your bills, to simplify and lessen your monthly pay out. This is the situation that I was in. I was rebuilding my credit at the same time, and so my credit score was not the best. I thought it impossible that anyone would agree to approve me a $5,000 loan. I couldn't have been more wrong. I remember receiving an advertisement back some weeks before. I had not thrown it out, but kept it, while I worked up the courage to call and find out if they had the right person for this offer. Finally one friday after 3, when the week had taken it's toll, I decided to call and at least get some information. I was so happy that I made that call. Within maybe 10-15 minutes of simple conversation and the answering of a few questions, I was thrilled to hear the service representative tell me I was approved for more than I asked for. Many times when we seek a loan, we always undercut the true amount we need, in the hopes that the smaller amount will somehow get approved. With OneMain, not only did the smaller amount get approved, but the real amount I needed was covered. In conclusion, If I had one sentence to tell anyone in a financial strain what to do to get out of that predicament, I would say, Regardless of what your credit score is, call OneMain for they have answers and solutions to remedy your fear and your on hand finances.

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erika kleppan
March 29th, 2016 Rochester, NY

It was great being able to consolidate everything

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G&SH
March 29th, 2016 Hickory, NC

Borrowing money should not be easy, it is a big deal but sometimes necessary because of past money mismanagement or unexpected emergencies. The result for us was a high rate car loan and credit card we had carried for several years. Then we went to visit with the great folks at One Main. Their expertise made it possible to pay off the high rate loans, bring down the payments and interest rate to something so much affordable. They will always be at the top of our list!.

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tonya gowens
March 29th, 2016 Dallas, TX

Excellent service! Easy, no hassle, monthly payments as a option is fantastic! Will definitely be my finance company for years to come

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Patsy Paxson
March 21st, 2016

I was very pleased with the service i received. They were able to loan me more than i requested and helped my family go to Arkansas when health issues were involved with family members thank you One Main Financial so much for your help

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Sierra
March 21st, 2016 GA

One Main was Very Helpful when we wanted to experience our very first Vacation in Las Vegas which was also our well overdue wedding honeymoon of 12 years. Thank You !

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Guy Potter
March 21st, 2016 Phoenix, AZ

quick service and with the proper paper work the loan can be done in 30 min.

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Vicente Ruiz
March 21st, 2016 Omaha, NE

Onemainfiancial they are very helpful to help you get your money as soon as possible. They also have excellent customer service.

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Joyce H.
March 21st, 2016 Tacoma, WA

One Main Financial has always been there for us. We have taken out several loans with them and have had no problems. At one time we had a financial issue and they recommended Consumer Credit Counseling which we did and have been thankful ever since. They have always shown respect to John and I for several years.

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rik and sue Werkman
March 21st, 2016 East Schodack, NY

Our credit scores have improved over the last 2 years,but one main helped when they were not too great with out scores- we have proven to be excellent in repaying our loans with one main - We understand the interest is high but the loans can always be paid off sooner without penalty and the loan process is without hassles and smooth..

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Pam Stump
March 21st, 2016 Wilmington, NC

This loan has helped me consolidate several bills and loans with high interest rates.

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Barry
March 21st, 2016 Pittsburgh, PA

I have to say my experience with OneMain obviously has been completely different than that of the other reviewers. But first, let me clarify that the interest rate is, indeed, high. However, I knew that upfront and based on my situation, it is what I expected. On the other hand, I have worked with this company for many years, before they were "OneMain." They have helped me through some very difficult situations over the years. I ruined my credit back in college, and OneMain was there for me when nobody else even would consider lending me money. Having the loan, keeping it in good standing, and having renewed my loan a couple times over the years actually has helped me rebuild my credit and raise my credit score. If you need to borrow more money, the original loan is paid off, which reflects positively on your credit report. Finally, and most surprising to me, are the claims of poor customer service. Again, things must be different in my home state and city, as I never have experienced anything but stellar customer service. I always have been treated with respect, the crew knows my name, the process always has been smooth and clearly explained and I never was asked for money up front. Again, the interest rate is high, but I still would recommend OneMain to family and friends (having given them the interest information up front.)

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Angela
March 21st, 2016 Atlanta, GA

OneMain is a very friendly and pleasant company to do business with. They help me in the middle of my devoice and consolidated by bills so I could continue to pay my monthly bills and not loose my home.

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Viola Glasgow
March 21st, 2016 Cypress, TX

Credit score improved by securing a consolidation loan from one main finacial. I only make 1 payment vice several payments.

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Melissa
March 21st, 2016 Overland Park, KS

I applied for the loan on-line and was immediately approved. The branch called me and we worked on finalizing the loan amount, monthly payment and length of loan. I left with my check that night. The customer service I received was excellent and I would highly recommend them to anyone.

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Troy
March 21st, 2016 FL

Barb came thru for me once again and did a fantastic job helping me get approved and going to bat for me based on my past history and payment history within this system.. She is a great customer advocate and helped me when i needed it most and was VERY timely.

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Richard
March 21st, 2016 Grants Pass, OR

I have poor credit and One Main approved me for a loan that I needed for an emergency. I had money in 4 hours. Thanks OneMain!!

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christina johns
March 21st, 2016 Owenton, KY

OMF has always been helpful ,.their costumer service is great, the people I speak with are respectful and helpful. I would refer them to my family and friends. Christina Johns

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Greg Hernandez
March 21st, 2016 TX

Over all the staff was exceptionally very polite and friendly and made sure that your personal information was always safe by thier own resposibility of our interview for a loan.

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Eric
March 21st, 2016 Yonkers, NY

One Main loan came in handy to tide me over short term crisis. I was processed quickly and professionally. Thank you One Main.

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Charlotte Ward
March 21st, 2016 Georgetown, KY

My experience with One Main was friendly and fast I had my loan within hours after I applied. Thank you One Main.

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Nancy
March 21st, 2016 Columbus, OH

My husband and I have conducted business with One Main before and have always been satisfied. The loan officer was very helpful, answered all our questions and even helped us with an item not related to the loan. We certainly will use One Main in the future if necessary.

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Paul lewis
March 21st, 2016 Chicago, IL

Everyone there is so helpful and knowledgeable in helping you with everything you need. They made the process so easy

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chris
March 21st, 2016 Orem, UT

The customer service was excellent but the interest rate is terrible. I guess OneMain knows if we come to them for a loan we are really hurting for money so they can take advantage of the situation by charging such high interest.

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Michelle
March 21st, 2016 Villa Ridge, MO

Good place for a loan if you have bad credit. They will try their hardest to get the money you need. My only complaint was it took all day long I got there at 11am and wasn't finished until 6pm and had to drive back home 3 times because they need proof of certain things that she didn't say I would need over the phone.

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Gabriel Belin
March 21st, 2016 Grand Rapids, MI

Tonya at the Wayne Michigan office was very helpful each time of my requests very understanding company who takes time to and give you the extra step in what it takes to get your loan approved

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Roger
March 21st, 2016 Jersey City, NJ

The employees were pleasant and professional and provided excellent ideas and provided excellent information on how best to supply my needs

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Debbie P.
March 21st, 2016 Houston, TX

Very pleased. Professional and personable. Made borrowing easy and quick.

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Pittman
March 21st, 2016 Four Oaks, NC

Very professional agents. They keep everything simple and it also helps builds your credit score up.

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Tina
March 21st, 2016 Cape Coral, FL

I had a amazing experience, customer service was great. I would recommend this company 150 percent

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Diane P. Walden
March 21st, 2016 GA

I thank GOD for the OneMain Financial loan because it was a big help with me paying off credit cards, paying medical bills, having repairs done to my conversion van that GOD and HIS SON JESUS Blessed me and my family with to transport my son who have special needs with and purchase items for the home.

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emily
March 21st, 2016 Hillsboro, IL

Litchfield il office the people are very friendly and helpful. The only thing I would change is the very high interest rate.

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Connie Flores
March 21st, 2016 Houston, TX

This loan has help me pay off some credit cards w high interest rate. Now I have only one loan to pay w high interest rate. There rate is as bad as credit cards no different.

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Ron
February 25th, 2016 Anaheim, CA

They approved me for a $2,000 installment loan. Then they asked for a MoneyGram for $250 and said the loan would fund within one and a half hours. The next day they said I needed to send another $200 and it would fund right away. They said if I cancelled the loan I would get my $450 back right away. They are now asking for $220 or now $190 which I do not have. They will not refund me the money. These guys are crooks and I know better but was desperate. I would never do business with them and learned never to send a MoneyGram again. I am reporting them to the BBB.

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Brad thomad
February 25th, 2016 UT

I got a loan from one main not only am I paying there high interest rates but so far I've have payed over $2000.00 in processing fee I still have 14 months left on the loan so by the time I pay this off I'll have $10000.00 in interest & processing fees on $5000.00 loan

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Syndee Berke
November 20th, 2015 Cottage Grove, MN

I could get a more fair business deal if I had borrowed from THE MOB! 3 years ago I was out on disability and had to borrow $6500.00. 3 years later, paying $200.00 a month, I still owe them over $3600.00! that is $2400.00 a year for three years and my loan is not even 1/2 paid yet! they take all your payments and apply them to the INTEREST FIRST! your principle does not decrease for YEARS! Seriously people! ANYONE ELSE is better than this dirty company!!!!

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Dee
October 22nd, 2015 Richmond, VA

This is the worst company ever. The unemployment insurance is bogus at best. They wanted me to go back to my employer and ask them to fill out some paperwork instead of having the insurance company send and receive the paperwork from the company. I never did get the loan paid through the insurance, consequently I had to scrounge around and borrow money to pay this loan, otherwise needless to say, they harass you until you give them something. They are also extremely rude. I've resolved to dealing with the main company using the 800 number instead of the branch This company should close it's doors forever. Never again will I be suckered into taking a loan with this company again!!!!!

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Teresa
October 9th, 2015 Minneapolis, MN

Will never make the mistake of getting a loan from One Main again!!! Tried calling them several times and had to leave messages. Worst company ever!!! Would not recommend using them!

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tory
October 6th, 2015 Omaha, NE

Very high intrest . I got a 3,000 loan and paid 8,000 total . I had bad credit at the time .. but now my credit is way better . I wont make this mistake in the future.

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Nonya
October 1st, 2015 Jamestown, NY

This place stinks! First off their APR is OUTRAGEOUS! They do nothing to try and help you at all. This is the worst place to work with! They are great in the beginning make everything look like butterflies and daisies like they want to help someone that needs it but it just screws you over. DO NOT GO WITH ONE MAIN

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Nancy McDonald
September 17th, 2015 La Mesa, CA

I read their offer, but could find no way to contact them regarding the rate or length of the loan and it wasn't mentioned in the solicitation. I do not want my credit report run without knowledge of what I would be buying. If they are too high I wouldn't know it until after I went to a lot of trouble and exposure.

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ahsen Mahmood
September 9th, 2015 Brooklyn, NY

Worst place to get alone very high interest rate even if you have good credit is what I've noticed lending tree is got to be the best if anybody is looking for a loan stay away from one main financial