OneMain Financial Review
OneMain Financial
OneMain Holdings, Inc.
APR Range 18% - 36%
Loan Amount
$1,500 - $20,000
Term Length 24 - 60 months
Loan Type personal
Pros
- ✓ Secured loan option available (lower rates with collateral)
- ✓ 1,400+ physical branches for in-person support
- ✓ Approves borrowers with credit scores in the 600s
- ✓ Same-day funding in many cases
Cons
- ✗ Origination fees (flat or percentage, varies by state)
- ✗ Higher minimum APR than online-only competitors
- ✗ Requires verification appointment for many applications
Why OneMain stands out
OneMain Financial is one of the few non-bank personal lenders that still operates a real branch network — 1,400+ locations across the US. For borrowers who want to talk to a human, or who have non-traditional income documentation, that branch access is genuinely valuable.
Best for
- Borrowers with fair credit (FICO 600-700) who get higher rates online
- Anyone who wants to use a vehicle or other asset as collateral for a lower rate
- People who prefer face-to-face loan discussions
Watch out for
The secured loan option saves you APR but puts your collateral (typically a vehicle) at risk if you default. Only secure a loan you’re confident you can repay on schedule. Also: origination fees in some states are flat (e.g., $25-$400) rather than percentage-based — better for large loans, worse for small ones.
Requirements
- At least 18 (19 in some states)
- Photo ID and proof of residence
- Verifiable source of income
- In-person or virtual appointment for verification