Reviewed by Editorial TeamUpdated October 15, 2026

OneMain Financial Personal Loans: Rates, Terms & What to Know

personal-loan.ai is not affiliated with, endorsed by, or sponsored by OneMain Financial. All information is sourced from publicly available data and is provided for informational purposes only. Rates and terms are subject to change. Verify all details directly with OneMain Financial.

Key Features

Loan amounts from $1,500 to $30,000, with state-specific minimums and maximums

Fixed APR of 11.99% to 35.99% as of the lender's published disclosures

Repayment terms of 24 to 60 months

Secured loans backed by a vehicle title as well as unsecured loans

More than 1,300 branches in 47 states for in-person closing

SpeedFunds can deliver money to a debit card within an hour of closing

At a Glance

APR Range	11.99% – 35.99%
Loan Amounts	$1,500 – $30,000
Repayment Terms	24 – 60 months
Min Credit Score	Not disclosed
Origination Fee	Flat $25-$500 or 1%-10%, by state
Funding Speed	Same day to debit card after closing

Pros and Cons

Pros

No published minimum credit score; underwriting weighs the full picture
Secured option may open approval for borrowers who would not qualify unsecured
In-person service at branches, unusual among lenders in this space
No prepayment penalty

Cons

−APR floor of 11.99% is higher than online lenders that target strong credit
−Origination fee of a flat $25 to $500 or 1% to 10%, depending on state
−Maximum loan of $30,000, lower in some states (for example $7,000 in Maine)
−Not offered in Alaska, Arkansas, Connecticut, Massachusetts, Rhode Island, Vermont, or Washington, D.C.

A Branch-Based Lender in an Online Market

OneMain Financial is the consumer lending brand of OneMain Holdings, a publicly traded company headquartered in Evansville, Indiana, with roots going back to 1912. Where most lenders reviewed on this site are online-only, OneMain operates more than 1,300 branches and typically closes loans in person or by phone with a branch representative, which some borrowers prefer when documents or circumstances are complicated.

The lender does not publish a minimum credit score and is known for considering applicants with fair or limited credit. That access comes at a price: its lowest advertised APR is 11.99%, and its own example loan is priced at 24.99% for what it describes as an average customer with good credit.

Secured vs Unsecured OneMain Loans

OneMain offers both unsecured loans and loans secured by a first lien on a vehicle that is ten years old or newer. Pledging a vehicle can improve approval odds or the rate offered because it reduces the lender's risk, but it also means the lender can repossess the vehicle if you default. Borrowers protected by the Military Lending Act cannot be asked to pledge a vehicle.

Consider the secured route only if the unsecured offer is unaffordable or unavailable, and only if the payment fits comfortably in your budget. The collateral does not change the fact that the loan must be repaid in full.

Fees Vary by State

OneMain's fee schedule depends on where you live. The origination fee is either a flat amount between $25 and $500 or a percentage between 1% and 10% of the loan. Late fees are a flat $5 to $30 or 1.5% to 15% of the payment or delinquent amount, and returned-payment fees range from $10 to $50 where permitted. Your loan agreement will list the exact figures for your state.

There is no prepayment penalty. Loan minimums and maximums also vary: for example, minimums are $3,000 in California and $2,100 in Alabama, while maximums are $11,000 in North Carolina and $7,000 in Maine.

Frequently Asked Questions

What credit score does OneMain Financial require?

OneMain does not publish a minimum credit score. It evaluates income, expenses, credit history, and in some cases collateral. Third-party reviews describe it as accessible to fair-credit borrowers.

Can I get a OneMain loan without visiting a branch?

You can apply online, but OneMain typically completes the loan by phone or at a branch, where you verify identity, income, and any collateral before signing.

How quickly does OneMain fund a loan?

With SpeedFunds, approved borrowers can receive money on a bank-issued debit card within about an hour of closing. ACH transfers or checks take roughly one to two business days.

Eligibility Requirements

1Must be at least 18 years old with a valid government ID and Social Security number
2Proof of residence and income (pay stubs, tax returns, or bank statements)
3Must live in a state where OneMain lends; most loans close at a branch or online
4A vehicle no more than 10 years old can secure a loan; borrowers covered by the Military Lending Act cannot pledge a vehicle
5Proceeds cannot be used for education, business, investments, or gambling

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