OneMain Financial
Personal loans from $1,500 to $20,000, fixed rates from 18.00%–35.99% APR, fast funding, no impact on credit for checking offers. Get money as soon as one hour after closing.
OneMain Financial offers accessible personal loans designed to help with everything from home improvements to unexpected expenses. With loan amounts between $1,500 and $20,000 and APRs ranging from 18.00% to 35.99%, this lender caters to a variety of needs and credit types. Repayment terms extend from 24 to 60 months, making it flexible for most budgets.
Secured and unsecured options are available, and funds can be in your account as fast as one hour after closing the loan. Importantly, checking your eligibility online won’t impact your credit score, offering a risk-free way to explore your options before committing.
How to Apply for a OneMain Financial Personal Loan
- Check offers online with a soft credit pull
- Complete the full application and provide necessary documents
- Select your loan amount, terms, and whether you want a secured or unsecured loan
- Sign the loan agreement
- Receive funds quickly, sometimes within one hour after closing
Pros
OneMain Financial makes borrowing accessible — even for those with below-average credit. Their fast funding sets them apart, and the broad range of loan purposes provides needed flexibility. The risk-free prequalification process is a significant advantage for cautious borrowers.
Multiple ways to apply, including online, by phone, or in-branch, ensure convenience. Many users also appreciate the customer service both online and in person at over 1,300 branch locations.
Cons
The minimum APR is higher than some competitors, which may deter those with excellent credit seeking low rates. Maximum loan amounts cap at $20,000, limiting larger borrowing needs.
Secured loans may require collateral, and not all applicants will qualify for the best rates. Additionally, availability varies by location, so not every state is covered.
Verdict
If you are searching for a personal loan with quick funding, flexible terms, and don’t mind a higher APR, OneMain Financial is a noteworthy option. It’s best for those needing funds fast and those who may not have top-tier credit.