OneMain Financial

OneMain Financial

formerly Springleaf Financial

 4.0/5 (494 reviews)
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OneMain Financial

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Overall Rating4.0 out of 5
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About OneMain Financial

OneMain Financial looks at factors beyond credit scores to help people financially, offering personal loans and credit cards online, by phone and in person at nearly 1,400 community branches across 44 states. You can use OneMain funds for emergency bills, a vehicle, home improvement, debt consolidation, medical bills, a vacation or nearly any other purpose. Loan amounts range from $1,500 to $20,000, and funds are typically available by the following business day. It takes about five minutes to get pre-qualified, with no effect on your credit score.

Pros & Cons


  • Flexible term lengths
  • Secured and unsecured loans
  • Loans from $1,500 to $20,000


  • Charges an origination fee

Bottom Line

OneMain Financial offers secured and unsecured loans with APRs up to 35.99% and terms up to 60 months. OneMain loans have fixed rates and payments and no prepayment penalties.

Top OneMain Financial Reviews


The experience that I received was excellent and I would recommend OneMain Financial to anyone. The ladies would keep you up to date on what is going on with your loan and they we...

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They made my experience very smooth, easy and worked with me to get the loan approved. Best experience ever with a lending company. I will go back again if I ever need another loa...

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What is OneMain Financial?

OneMain Financial is a lender that offers secured and unsecured loans to customers in 44 states. OneMain Financial’s loans have fixed rates and payments, and the company doesn’t charge prepayment penalties. You can check for loan offers on OneMain Financial’s website without affecting your credit score.

To apply for a personal loan with OneMain Financial, visit its website and complete the online application. You provide details like your:

  • Desired loan amount
  • Name
  • Email address
  • Address
  • Date of birth
  • Social Security number
  • Monthly income and source of income

Once you complete the application, OneMain provides a quick loan decision. If you’re approved, visit a local OneMain Financial branch to verify the information you entered online and discuss possible loan options with one of its trained loan specialists.

OneMain Financial rates and terms

OneMain Financial charges APRs ranging from 18% to 35.99%. Rates vary depending on factors like credit history, income, debts and more. Term lengths start at 24 months and extend up to 60 months.

OneMain charges customers a loan origination fee (where allowed by law) that is either percentage-based or flat, depending on the state you live in and the size of your loan. Flat fees range from $25 to $500, and percentage-based fees range from 1% to 10% of your loan total.

OneMain may also charge late payment fees, insufficient funds fees and government fees. Carefully read your loan contract for more information regarding these fees.

OneMain Financial FAQ

What kind of credit score do you need for OneMain Financial?

OneMain Financial doesn’t have a minimum credit score requirement. Your credit score is still an essential factor in determining your interest rates, loan terms and conditions with OneMain, though.

Does taking out a personal loan with OneMain Financial hurt your credit?

Yes, your credit score typically drops a few points when you take out a personal loan with OneMain Financial because it involves a hard credit check. If you make timely payments, you can make up the difference over the life of the loan.

Can I get a loan with OneMain Financial with bad credit?

Yes, you can apply and qualify for a loan with OneMain Financial if you have bad credit. However, your interest rates are typically higher and you may not always qualify.

Can you skip a payment with OneMain Financial?

No, you can’t skip a payment with OneMain Financial. Skipping or missing a payment on your loan may result in late fees and interest charges.

Does OneMain Financial require collateral?

OneMain Financial’s secured loans require collateral. If you qualify for a secured loan, work with your loan specialist to determine what item you should use as collateral. Secured loans generally have lower APRs than unsecured loans.

Is OneMain Financial legit?

OneMain Financial has more than 100 years of lending experience and offers unsecured and secured loans in 44 states. If you’re searching for a large loan company with in-store services, OneMain Financial may be a good option. Visit OneMain Financial’s website to start your application and see what rates you qualify for.

OneMain Financial Reviews

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Page 1 Reviews 0 - 10
Verified Reviewer
Original review: May 25, 2023

They compound interest everyday which they do not disclose. If I could give them a negative review I would. I even did a balance transfer on a no interest for 12 months on a credit card and they continued to take money from my account. DO NOT USE THESE PEOPLE.

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    Verified Reviewer
    Original review: April 27, 2023

    If I could give a negative score this company would get -100. They string you along and ask you to add multiple cosigners and then after hitting your credit file they will deny you. So sad and crooked. PLEASE DON'T WASTE YOUR TIME WITH THIS POS COMPANY.

    4 people found this review helpful
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    Verified Reviewer
    Original review: April 9, 2023

    This Company uses Credit Karma to try and get your business. When you apply through them online application says WILL NOT hurt credit score. The VERY next day I get hard inquiry on Credit report from these people which has a NEGATIVE impact on your credit score for 2 years.

    7 people found this review helpful
    Verified Reviewer
    Original review: March 27, 2023

    I applied for an extension of my loan with OneMain Financial. After submitting my paperwork I was told the loan was approved. The young man then said he would check to see if he could get me more money. He told he would check and that he would call me back in an hour. He calls me back an hour later and said it wasn't approved and I thought he was talking about the additional funds. He stated that nothing was approved at all. As you can imagine I felt betrayed because he made it seem like I had funds coming but that was not the case. I am very disappointed in this company.

    6 people found this review helpful
    Verified Reviewer
    Original review: March 27, 2023

    Big waste of time.. Worst so called loan people to deal with in Norfolk Nebraska.. Send them all my information and get pre-approved only to be told no because of income, but of course they had all that info before wasting more of your time and approval. Big con game to get all your personal information.

    4 people found this review helpful
    Verified Reviewer
    Original review: March 9, 2023

    OneMain Financial has two credit cards one is a Broadway+ MasterCard the other is just a standard Brightway MasterCard. The Plus card is for people with more established credit. Every financial institution has their own policies and procedures however, I made a payment on this account on February 28 and I was advised that there would be a payment hold placed on that payment until March 10. The ACH payment process through my bank on March 1.

    In my opinion, this is way too long for payment holds. I am asked someone in a higher escalation level to contact me however, this company uses a third-party company to service. Their cards called CardWorks. So when you call in and you speak to a customer service representative, you’re actually speaking with an employee of CardWorks and not employed with OneMain Financial. I’m glad I didn’t need or have use for the availability of the credit.

    4 people found this review helpful
    Verified Reviewer
    Original review: Jan. 21, 2023

    I took a loan with OMF in 2018 for $6k and provided my vehicle title as collateral and to this date have paid on time every time. Recently I found myself in need of a bit more cash to take care of some home repairs and was told no sweat, I qualified for a higher amount, so I submit all the required docs and wait. The next day I get a call saying they won't approve me because my debt-to-income ratio is not quite where they need it to be. OK, I said, my current payment is X which is considerably higher than the new payment Y would be which would then put me into your "comfort zone" and they still refused and offered nothing but excuses and hollow platitudes, even worse I have a hard inquiry on my credit report. Once this loan is paid I will *never* do business with them again, because quite frankly the excuses they gave is a load of you know what, and if this review convinces even one person to avoid them I'll consider that a win.

    20 people found this review helpful
    Verified Reviewer
    Original review: Jan. 17, 2023

    These people are a joke. I guess they only let you get a loan 1 time approved and deny you other times. Either way I’m okay with knowing I will never do business with this company again. Waste of time and no communication. I know I have good credit without a doubt. I do own a 2023 genesis so stating I was denied especially after I paid the 1st loan off in 4 months. Now I’m guessing they didn’t want that because it seems like the last 2 times I have applied I was denied even after I was told I was qualified. I do not recommend this company to nobody ever.

    12 people found this review helpful
    Verified Reviewer
    Original review: Dec. 16, 2022

    I took out a loan to help cover cost and I have been on time for the last 2 years paying off this loans. Monthly payment is S415. Of which $5.00 goes to principal and the rest interest. These people are ripoffs.

    36 people found this review helpful
    Verified Reviewer
    Original review: Sept. 12, 2022

    Just wanted to inform the worst experience I had with OMF.. I applied towards end of August.. No status update just email to submit docs.. Once submitted I wasn’t able to find out status of application.. I've called every time to find out what’s going on.. Supposedly I was approved.. It is the 12 of September and last week I submitted more pics of cars all needed again.. Since I applied I have never received a call nor email to notify me me of status or declining my application.. Come on all. At least 12 days telling me I was approved and today I call, they saying I was declined.. What kind of communication do you have?? I’m very dissatisfied and disappointed.. Definitely bad review from me..

    87 people found this review helpful
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    OneMain Financial Company Information

    Company Name:
    OneMain Financial
    Company Type:
    Ticker Symbol:
    Year Founded:
    Formerly Named:
    NTBS-2320 6801 Colwell Blvd.
    Postal Code:
    United States