OneMain Financial review: get a personal loan easily

With OneMainPersonal Loans you do not have to have perfect credit, and it offers flexible payments and low rates.


by Danilo Pereira

Published on 09/26/2022

OneMain Financial: A low credit requirement option with flexible payments and low rates

onemain financial
Get the personal loan you need with OneMain Financial. Source: The Post New.

OneMain Financial Personal Loans offers borrowers the chance to get a loan even with a low credit score. We’ve done a review to show how OneMain financial prioritizes the borrower’s ability to repay the loan.

This is an expensive loan to get. However, their consumer-friendly features make OneMain Financial a good option if you are having difficulties applying for loans elsewhere.

  • APR: 18.00-35.99%
  • Loan Purpose: N/A
  • Loan Amount: $1,500-$20,000
  • Credit Needed: None
  • Terms: 2 to 5 years
  • Origination Fee: $0
  • Late Fee: $5 to $30, or 1.5% to 15%
  • Early Payoff Penalty: N/A
onemain financial

How to apply for OneMain Financial Personal Loans

Learn how to apply within minutes for OneMain Financial Personal Loans and get fast access to funds at low rates.

To learn more about OneMain Financial features, keep reading this review all the way. You’ll see the pros and cons and decide if it suits your needs.

How do OneMain Financial Personal Loans work?

OneMain Financial Personal Loans accepts applicants with fair or bad credit scores. If you have a FICO score of 689 or lower, you can still get approved for a loan.

If you have the ability to add collateral or a co-borrower to the application, this could help the rate and make your loan cheaper. Your loan becomes available soon after approval.

The lender also allows you to pick your payment date right on the loan agreement. They will accept offers starting at 45 days from signing the agreement.

OneMain Financial has branches in 44 states. This does not mean you must go to a physical branch to apply for a loan. Rather it means that if you want, you can.

If for any reason you change your mind and would like to cancel the loan, this lender gives you seven days to do it. Not that many lenders have a similar service.

OneMain is not very transparent as to how they handle hard requirements. Instead they focus on the applicant’s ability to meet their financial obligations, including other debts and loans.

This lender uses its own underwriting system and other alternative data to determine whether an applicant qualifies. That is why they do not have a minimum credit score requirement.

Your ability to repay, credit stability and securing your loan are some of the most important factors for them. Still, if you have too thin a credit history, it will be difficult for you to qualify.

OneMain Financial Personal Loans: should you apply for it?

excited young woman gets personal loan approved
You can get your personal loan funded very fast! Source: Freepik.

Now that you are familiar with the ins and outs of OneMain Financial Personal Loans let’s highlight some major aspects of this review.

Have a look at the list below and compare the pros and cons. Which of these count the most for you?



  • Choose your payment date
  • Secured and joint loans are available
  • Fast access to funds
  • Small loan amounts can also be approved


  • High rates
  • No rate discount if you use autopay
  • Charges an origination fee
  • Lien on automobile required for larger loan amounts

What is the required credit score?

OneMain Financial Personal Loans derives its loan decisions based on its own underwriting method.

They do not require any minimum credit score from applicants, although a thin credit history may hinder your chances of getting approved.

Learn how to apply for OneMain Financial Personal Loans

Like what you see? So let’s take the next step and apply for OneMain Financial Personal Loans. The application process is very simple, and it is described in the link below.

Click it and follow our step-by-step guide to get your loan today.

onemain financial

How to apply for OneMain Financial Personal Loans

Learn how to apply within minutes for OneMain Financial Personal Loans and get fast access to funds at low rates.

About the author  /  Danilo Pereira

Danilo is a copywriter with a passion for learning. Deeply interested in philosophy, politics and arts.

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