OneMain Financial
Personal loans from $1,500-$20,000, APR as low as 18%, terms up to 60 months, and money available as soon as 1 hour after closing.
OneMain Financial offers personal loans ranging from $1,500 up to $20,000, with fixed APRs starting at 18% and extending up to 35.99%. Loan terms are flexible—borrowers can select between 24 and 60 months to pay off their balance, which suits a range of needs from urgent expenses to larger projects like home improvement.
Funds may be available as soon as one hour after closing, providing an exceptionally quick option for borrowers who need fast access to cash. Both secured and unsecured loans are offered, giving greater flexibility to applicants. The rates and approved amount depend on your application details and creditworthiness, and the process does not impact your credit score initially.
How to Apply for a OneMain Financial Loan
Check for offers online by completing a short prequalification form, which doesn’t affect your credit score. Once you receive your potential terms, select the option that best fits your needs.
If your application is approved and you verify your info, you’ll finalize the documentation. Funding can be disbursed as soon as one hour after closing the loan.
The process is streamlined, providing applicants with quick decisions and clarity throughout each step, both online and in-branch.
Pros of OneMain Financial Personal Loans
A standout benefit is the fast funding—money can be in hand within an hour of closing, perfect for unexpected emergencies or urgent bills.
The flexible loan amounts and terms mean you can tailor the loan to fit your budget, whether consolidating debt or financing a major purchase.
Cons of OneMain Financial Personal Loans
One notable drawback is the relatively high minimum APR of 18%, which could be steeper than competitors for some credit profiles.
Additionally, not all applicants will qualify for the largest loan amounts or the lowest available rates, especially those with lower credit scores.
Our Verdict
OneMain Financial makes personal loans accessible, fast, and flexible. It’s ideal for borrowers needing speedy cash for a wide range of purposes, especially when timing and predictability matter more than securing the lowest rate. Consider the higher starting APR and compare offers, but overall this provider stands out for those who value convenience and options.