Loans

OneMain Financial Personal Loans review: is it worth it?

Get the inside scoop on OneMain Financial Personal Loan offerings and find out if they're worth it. All types of credit are welcome to apply! Read on!

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Note: Some information in this post might be outdated. For the most current documentation and updates, please refer to the product’s original page.

Up to $20,000 to help with that most important moment in life

OneMain Financial Personal Loans
OneMain Financial Personal Loans review. Source: Stealth Capitalist

Are you considering taking out a personal loan but unsure which lender is the best choice? So in this review, we bring OneMain Financial Loans.

card

Personal Loan

OneMain Financial

Fast funding Simple Process

Borrow up to $20,000 for several purposes!

You will be redirected to another website

This article will discuss some key features and benefits of getting a personal loan. We’ll also provide an overview of their customer experience. So read on and learn!

APR18.00% to 35.99%;
Loan PurposeDebt consolidation, Auto purchase, repair, or refinance, Wedding or funeral expenses, Medical debts, Vacations, Recreational vehicles, and Home improvements;
Loan Amounts$1,500 to $20,000;
Credit NeededAll types of credit scores are accepted;
Origination Fee$25 to $500 or 1% to 10%;
Late Fee$5 to $30 or 1.5% to 15% of the payment amount;
Early Payoff PenaltyN/A.

OneMain Financial Personal Loans: how does it work?

OneMain Financial Personal Loans is an excellent option for borrowing money and financing purchases.

After all, he offers loan amounts ranging from $1,500 to $20,000 with 24 to 60 months repayment terms.

Borrowers can choose from secured or unsecured loans. There is also an origination fee which can be either a flat fee ranging from $25 – $400 or a percentage of the loan.

Furthermore, OneMain Financial can be an excellent flexibility and quick funding option!

Is it worth it to apply for OneMain Financial Personal Loans?

Close up of businessman counts money in hands.
Is it worth it to apply for OneMain Financial Personal Loans? Find out! Source: Adobe Stock

In this review, you can learn more about OneMain Financial Personal Loans. This can be a great option for those looking for a hassle-free process!

Furthermore, this loan accepts all types of credit scores. Nevertheless, one downside is the origination and late payment fees, which tend to be higher than the competition.

It’s also not possible to get discounts on one’s rate, and the prequalification process does not show what fees may be included in the amount borrowed.

So, check out more about the benefits and disadvantages.

Benefits

  • Flexibility when choosing your favorite payment dates;
  • There is the possibility of making joint and secured loans;
  • The amount is released quickly into the account;
  • In case of debt consolidation, payment is direct to creditors;
  • All types of credit scores are accepted;
  • Several objectives are allowed.

Disadvantages

  • Origination and late payment fees are higher than the competition;
  • There is no possibility of discounts on each rate;
  • The fees that will be included in the value are not shown in the prequalification;
  • The amount to be borrowed is not as high as that of competitors.

What credit scores are required for the application?

The company accepts applicants with all types of credit. Moreover, several user reviews point out that all credit scores are accepted.

However, interest rates change according to the score.

OneMain Financial Personal Loans: applying for this loan today

Do you need extra cash or a larger purchase to handle life’s daily expenses? Then apply for the OneMain Financial Personal Loans today!

card

Personal Loan

OneMain Financial

Fast funding Simple Process

Borrow up to $20,000 for several purposes!

You will be redirected to another website

OneMain Financial provides a streamlined lending experience for those looking for financial flexibility. So read on and learn how to apply easily!

Apply online

Applying for a personal loan from OneMain Financial is easy.

Nevertheless, you must pre-qualify on their website by choosing the “Check for offers” button and entering your requested loan amount.

Second, you will be asked to provide your name, address, email, and income and answer questions about your employer and whether you have a paid-off vehicle.

Moreover, after entering your birth date and SSN or ITIN, they will offer previews of your potential loans.

So, the next step involves submitting an application.

Requirements

Smiling Black Female Holding Smartphone And Looking Aside At Copy Space
Learn the requirements to qualify for this lender! Source: Adobe Stock

To apply for OneMain Financial Personal Loans, you must have a social security number or individual taxpayer identification number and be 18 years old.

While no minimum credit score is required for the application, individuals with no credit history may not qualify.

Additionally, applicants must have enough income to support their expenses plus the new loan’s monthly payment.

Finally, this income can come from any source, including but not limited to employment, partner income, alimony, retirement, child support, and more.

Apply on the app 

Want to know how to apply for OneMain Financial Personal Loans? Then check out the topic above, as the official website makes the application exclusively.

OneMain Financial Personal Loans vs. Upstart Personal Loans: which one is the best for you?

Upstart Personal Loans may be a great option if you’re looking for an alternative to OneMain Financial Personal Loans.

While applying, Upstart takes a comprehensive look at your credit score and data finance.

Whether OneMain Financial or Upstart Personal Loans is the best option for you depends on your needs.

Consider things such as interest rates, repayment terms, and more. So, check out the comparison.

OneMain Financial Personal LoansUpstart Personal Loans
APR18.00$ to 35.99%;6.7% to 35.99%;
Loan PurposeDebt consolidation, Auto purchase, repair, or refinance, Wedding or funeral expenses, Medical debts, Vacations, Recreational vehicles, and Home improvements; Consolidating credit card and other debts, Paying for moving expenses, Funding home improvements, Covering medical costs, Financing a wedding, and Starting or expanding a business;
Loan Amounts$1,500 to $20,000;$1,000 – $50,000;
Credit NeededAll types of credit scores are accepted;All types of credit scores are accepted;
Origination Fee$25 to $500 or 1% to 10%;Up to 8%;
Late Fee$5 to $30 or 1.5% to 15% of the payment amount;5% of the unpaid amount or $15, whichever is greater;
Early Payoff PenaltyN/A.N/A.

Upstart Personal Loans is an interesting alternative that releases up to $50,000.

Furthermore, you can use that money for several things. So, want to find out how to apply? So, check out the post below.

Upstart Personal Loans logo

Upstart Personal Loans: how to apply now!

Find out how to apply for Upstart Personal Loans and access the money you need! Borrow up to $50K with quick funding.

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