OneMain Financial Review

BySarah PritzkerApr. 04, 2021

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In a Nutshell

OneMain Financial is a leading service provider in the personal loans industry. It offers a range of personal financial loans and is known for providing loans to non-prime customers. The company prides itself on its simple application process and quick provision of service. OneMain Financial ensures customers have easy access to a customer service representative to make informed and financially secure decisions.


  • Offers fixed rates and fixed payments
  • Over 1500 locations in 44 states
  • Long-term loans available


  • An origination fee may be charged
  • High APR compared to companies offering similar service
  • Additional fees, such as late payment, may be charged

OneMain Financial at a Glance

Direct lender or marketplace?Direct lender 
Loan typesDebt consolidation, life events, recreation, home projects, and auto loans
Loan amount$1,500-$20,000
Repayment terms24, 36, 48, or 60 months
Minimum credit scoren/a (OneMain Financial uses their own internal scoring system)
Suitable forNon-prime borrowers

OneMain Financial OneMain Financial View Rates

Suitable For?

OneMain Financial is a direct lender with over 1,500 locations nationwide to serve its customers. Covering a wide variety of personal loan specialties, OneMain Financial also offers auto loans, auto refinancing loans and auto repair loans. Taking into account the interest rates offered (18.00%-35.99%) and the variable repayment terms, ranging from 24-60 months, customers can customize their loan to fit their needs. That being said, OneMain Financial is recommended for borrowers that need non-prime credit products. 


OneMain Financial aims to assist its customers with securing financial stability and does away with the need to rely on car-dealership loans. As well as offering quick and simple loans, the company makes resources such as financially informative articles available. It also offers a free application to check if the customer prequalifies. Included in the company's perks and benefits are highlights such as:

  • A network of branches throughout the US
  • Quick turnaround on loan application
  • Fixed payments and fixed interest rates
  • Allows joint applicants

Application Process

OneMain Financial's application process is simple and easy. Prospective borrowers fill out an online application form, or the application can be handled via phone or by visiting a branch office. The form involves providing basic personal, employment, and financial information. In order to complete the initial application, the customer needs to provide a copy of a government-issued ID, their proof of income, and proof of residence. Additional items may be requested, depending on the individual circumstances of the customer. The application is then processed.

If the initial application is approved, the borrower will be contacted by a local specialist to schedule an in-person appointment at a local branch. The borrower is generally required to come to the branch in order to verify the information provided and finalize the process. Where no local branch is accessible, the company is willing to accommodate the customer.

Loan Types and Terms

OneMain Financial offers personal loans for debt consolidation, life events, recreation, home projects, and auto loans. The auto loans provided include auto refinance, auto repair, car purchase, and cash-out refinance loans. The company uses the vehicle in purchase loans as collateral.

  • The range of loan amounts is $1,500-$20,000
  • APRs from 18.00%-35.99%
  • Loan terms ranging between 24-60 months 
  • Origination fee may be charged 
  • The company may charge additional late or governmental fees

Repayment Options

The loan term options can vary, with a difference of 12 months between each option. The minimum term offered is 24 months, and the maximum is 60 months. Late fees will be charged for late payments, which can range from a flat amount to a percentage of the customer's monthly payment.

How Safe Is It? 

With your personal information, safety is always a priority. OneMain Financial utilizes several security measures when handling your personal information including third party verification software and secure safeguards to protect your interests. More on OneMain Financial’s privacy policies can be found here

Help & Support 

Customer support can be reached via the company’s website or via telephone at (800) 742-5465 for general account support. This line is available from Monday through Friday between 7:00 AM and 7:00 PM CST.


OneMain Financial is a veteran of the industry, with over 100 years of experience providing loans to customers. Its exemplary customer service ensures a quick turnaround, and the application process is easy and manageable.

OneMain Financial OneMain Financial View Rates

Physical Address

OneMain Holdings, Inc.

601 NW. Second Street

Evansville, IN 47708-1013


*Example Loan: If you borrowed $6,000 with a 24.99% APR and 60 month term, your payments would be $176.07 per month. This example is based on an average customer with good credit.

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 annual percentage rate (APR) is 35.99%, subject to state restrictions. APRs are generally higher on loans not secured by a vehicle. Depending on the state where you open your loan, the origination fee may be either a flat amount or a percentage of your loan amount. Flat fee amounts vary by state, ranging from $25 to $300. Percentage-based fees vary by state ranging from 1% to 10% of your loan amount subject to certain state limits on the fee amount. 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: North Carolina: $7,500. New York: $20,000. An unsecured loan is a loan which does not require you to provide collateral (such as a motor vehicle) to the lender.

OneMain Financial customer testimonials

ExcellentReviews 28,676
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  • author
    Cassiea T
    9 hours ago
    Awesome service

    Awesome service, and easy payments!!


  • author
    Manuel Z
    a day ago
    Jacqueline Heredia was awesome restructuring my current loan

    Jacqueline Heredia was awesome restructuring my current loan very happy ,would definitely recommend to my friends 😊


  • author
    Robin M
    a day ago
    The team in Griffin is wonderful

    The team in Griffin is wonderful, my rep, handled my account with ease and a smile. They were all very pleasant.


  • author
    Carla D
    2 days ago
    you did a great job making everything…

    you did a great job making everything simple and fast. The first time we were there my husband had an episode with his sugar and your staff helped out by calling 911. Thank you so much for carring for him. Would return a week later and finish our bussines. Thanks for everything.


  • author
    Connie S
    3 days ago
    One Main Financial is very easy to work…

    One Main Financial is very easy to work with. They go out of their way to accommodate you needs. A very short process from start to finish. The people there are very professional and are always willing to help you.


OneMain Financial