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OneMain Financial Review

Reviews 63,158
OneMain Financial
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OneMain Financial
OneMain Financial
Reviews 63,158
Bestmoney Staff
Feb. 29, 2024
4 min read
BestMoney Staff
OneMain Financial Summary
OneMain Financial is a subsidiary of OneMain Holdings, Inc., a publicly traded financial services company founded in Baltimore in 1912. It specializes in providing unsecured and secured personal loans to consumers across America. It operates online and in branches around the country. As of the end of 2023, it has more than1,300 branches in 44 states.


  • Trusted, hundred-year old lender
  • Excellent customer service reviews
  • Flexible repayment options


  • High minimum APR
  • Loan must be signed in branch

OneMain Financial at a glance

Editorial score

Variety of loan types

Offers all loan types

Online experience

Has learning resources, access to rates, mobile app

Customer services and support

Multiple ways of reaching lender but limited hours

Loan amount range

Loan amount up to $20K

Repayment flexibility

Loan terms up to 60 months

OneMain Financial OneMain Financial Visit OneMain Financial

Suitable For?

Not many personal loans lenders can claim to have the level of experience and trust OneMain Financial has. With OneMain Financial, you get a lender with more than a century’s experience serving the American public. What’s more, it has an almost-perfect Trustpilot rating from 20,000+ reviews – with 95% of people rating it excellent or great. That alone is enough to consider OneMain Financial for your next loan.

Range of Loans on Offer

OneMain Financial specializes in secured and unsecured personal loans. Automobiles are the usual collateral for secured loans. Its unsecured personal loans are installment loans with fixed interest rates that you can use for many purposes.

Application Process & Requirements

The process of applying for a personal loan from OneMain Financial is fairly straightforward. You can apply online or in branch, although a branch visit is a requirement once approved.

Here are the 3 steps to getting a personal loan:

  1. Complete an online application. Provide personal, employment, and financial information to apply.
  2. Meet with your loan specialist. If approved, you’ll have to visit a branch in your local area to verify your identity, income, expenses, and employment.
  3. Sign and receive your funds. After reviewing and accepting the loan terms, you’ll sign your loan documents and receive the funds.

APRs, Loan Amounts & Repayment Terms

The great thing about OneMain Financial is they’re completely transparent about the loan amounts, APRs, and terms. The downside is their lowest rates aren’t all that competitive. If you have good or even very good credit, you can probably find a competitive rate here. But if you have excellent credit, then you should look elsewhere for market-beating rates.

Here are the key figures:

  • Loan amount: $1,500 - $20,000 (higher minimums and lower maximums apply in some states – see OneMain Financial website for full details)
  • APR: 18.00% - 35.99%*
  • Term lengths: 24, 36, 48, or 60 months*

Privacy & Security

OneMain Financial is a subsidiary of OneMain Holdings, Inc., a NYSE-listed company. As such, it is subject not only to consumer lending standards but also to the strict laws imposed by the SEC on public financial services companies. To protect your personal information from unauthorized access, OneMain Financial says it uses security measures that comply with applicable law. These include computer safeguards and secured files and buildings.

Help & Support

As mentioned earlier, OneMain Financial has an excellent 4.8/5 Trustpilot score from more than 22 thousand reviews. It doesn’t get much better than that. To enquire about a personal loan from OneMain Financial, use the quote request form or contact form on its website. Alternatively, use the ‘branch search’ tool on the OneMain Financial website to find a branch in your area.

How OneMain Financial Compares



APR18.00% - 35.99%*
8.99% - 29.99% (with all discounts)
Min credit scorePoor +
Good +
Loan amounts$1,500-$20,000
Loan term24-60 months
24-84 months
Suitable forBorrowing from a trusted lenderBorrowing on excellent credit

The most obvious advantage OneMain Financial has over online only lenders is its experience. While OneMain Financial doesn’t have the lowest APRs, it makes up for this with strong customer service and attention to your individual credit profile. Unlike some of the top online lenders, OneMain Financial serves borrowers with less-than-excellent credit, making it a solid choice for anyone unable to qualify for a top rate elsewhere. 


Aside from personal loans, what else does OneMain Financial offer?

Currently, OneMain Financial also offers loans secured by motor vehicle collateral like an automobile.

What are the payment methods?

You can make your loan payment online, in-branch, by mail, or by phone. Cash payments may be made at select retailers. OneMain also offers the Direct Pay program that deducts your payments automatically from your checking or savings account.

Where does OneMain Financial have branches? It has branches in 44 states. The only states where it doesn’t operate are: Alaska, Arkansas, Connecticut, Massachusetts, Rhode Island, and Vermont.

How soon will you receive the funds? Electronic funds will normally arrive within two business days. If your receive your funds by check, it may be available the same day if you are approved by noon.


When you borrow money, you want to know you’re dealing with someone you can trust. OneMain Financial provides a high level of trust backed by excellent customer service ratings and more than a century’s experience as a lender. It offers competitive rates to anyone with good-to-average credit.

Physical Address

OneMain Holdings, Inc.

601 N.W. Second Street

Evansville, IN 47708-1013

OneMain Financial OneMain Financial Visit OneMain Financial


Not all applicants will be approved. 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) and your state of residence. If approved, not all applicants will qualify for larger loan amounts or most favorable loan terms. 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. APRs are generally higher on loans not secured by a vehicle. Highly-qualified applicants may be offered higher loan amounts and/or lower APRs than those shown above. OneMain charges origination fees where allowed by law. 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 $500. Percentage-based fees vary by state ranging from 1% to 10% of your loan amount subject to certain state limits on the fee amount. Visit omf.com/loanfees for more information. Loan proceeds cannot be used for postsecondary educational expenses as defined by the CFPB’s Regulation Z such as college, university or vocational expense; for any business or commercial purpose; to purchase cryptocurrency assets, securities, derivatives or other speculative investments; or for gambling or illegal purposes.

Borrowers in these states are subject to these minimum loan sizes: Alabama: $2,100. California: $3,000. Georgia: $3,100. North Dakota: $2,000. Ohio: $2,000. Virginia: $2,600.

Borrowers in these states are subject to these maximum loan sizes: North Carolina: $9,000 for unsecured loans to all customers, $9,000 for secured loans to present customers. Maine: $7,000. Mississippi: $12,000. West Virginia: $14,000. Loans to purchase a motor vehicle or powersports equipment from select Maine, Mississippi, and North Carolina dealerships are not subject to these maximum loan sizes.

Example Loan: A $6,000 loan with a 24.99% APR that is repayable in 60 monthly installments would have monthly payments of $176.07.

Time to Fund Loans: Funding within one hour after closing through SpeedFunds must be disbursed to a bank-issued debit card. Disbursement by check or ACH may take up to 1-2 business days after loan closing.

BestMoney Staff
Written by
Bestmoney Staff
Our editorial staff consists of writers who are knowledgeable about financial services. We specialize in simplifying the process of choosing the right provider for your needs.
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Trustpilot reviews
See what some customers are saying about OneMain Financial
Excellent • Reviews 63,158
We upload 100 to 400 Trustpilot reviews to our website daily, displaying them by default from "best" to "worst". You have the option to adjust the sorting criteria. If you wish to see all reviews, you can visit Trustpilot's website here.
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Pearl Moran
4 hours ago
It was a smooth and expeditious…
It was a smooth and expeditious transaction. The loan representative was patient and answered questions while reviewing the documents. I was impressed with this mannerism.
David Godfrey
5 hours ago
Friendly and kind knowledgeable…
Friendly and kind knowledgeable customer service
Very happy customer
6 hours ago
OneMain Financial does not judge, they truly help and deliver
With the help of OneMain Financial I was able to refinance my CarMax loan. My monthly payment decreased from $400 to $190 and I could lower my car insurance from $320 to $180. This way I was able to cover both bills with a weekly paycheck and safe $350 each month. I wish I found them years earlier, my life would have been so much less stressful.
Christopher Comellas
6 hours ago
In my honest opinion
In my honest opinion, i actually enjoyed speaking with the customer service team who set up my loan here, they were very good, kind, knowledgeable and super helpful. This is some of the best customer service i have been exposed to in quite some time. Good Job
7 hours ago
Experience was fast and convenient
Experience was fast and convenient