OneMain Financial offers a well-rounded personal loan product with amounts ranging from $1,500 up to $20,000. Rates are fixed, varying from 18.00% to 35.99% APR. Repayment terms run from 24 to 60 months, giving borrowers flexibility based on their budget and goals. Both secured and unsecured options are available, and funds may be available as soon as one hour after final loan approval and closing. Checking for offers does not impact your credit score, making it easy and risk-free to discover your eligibility.

Step-by-Step Application Process

1. Review your options and fill out a quick application—response comes in minutes.
2. If pre-qualified, select an appropriate loan offer and confirm your details.
3. Complete verification. Upon approval, finalize your closing paperwork as directed.
4. Receive your funds, sometimes in as little as one hour after closing.

Pros of OneMain Financial Personal Loans

One significant advantage of OneMain Financial is the rapid turnaround from application to funding. Funds can be in your hands quickly—potentially within an hour of closing.

Another advantage is flexible loan amounts and terms, making it easier for borrowers with a variety of needs to access a suitable personal loan. The ability to pre-qualify without a hard credit inquiry is also helpful.

Cons of OneMain Financial Personal Loans

On the downside, the interest rates can be on the higher side, ranging from 18% to 35.99% APR. This means these loans may not be the best fit for borrowers who qualify for lower rates elsewhere.

Additionally, some applicants may need to visit a branch, depending on their application details and state of residence, which could slow the process or be inconvenient for those who prefer a fully online journey.

Our Verdict

OneMain Financial is a solid choice for borrowers seeking fast funds, flexible options, and a straightforward process. While rates are higher than some competitors, the quick funding, transparent terms, and extensive branch network make it a reliable pick for many.