Does OneMain Financial have high interest rates? This question is about OneMain Financial

Yes, OneMain Financial has high interest rates, charging 18% - 35.99%, depending on your overall creditworthiness. The best personal loans from other lenders have interest rates as low as 3%, and the average personal loan interest rate is around 14.5%. OneMain Financial Personal Loan Terms APRs: 18% - 35.99% Loan Amounts: $1,500 - $20,000 Funding Timeline: 2 - 5 business days Repayment Periods: 24, 36, 48 or 60 months Origination Fee: 1% - 10% (based on state) Prepayment Fee: $0 Late Fee: $5 - $30 (based on state) To learn more, check out the full OneMain Financial personal loan review on WalletHub.

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Does OneMain Financial have high interest rates?

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This question is about OneMain Financial

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Grace Enfield, Content Writer

@grace_enfield • 04/13/22 This answer was first published on 04/13/22. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Yes, OneMain Financial has high interest rates, charging 18% - 35.99%, depending on your overall creditworthiness. The best personal loans from other lenders have interest rates as low as 3%, and the average personal loan interest rate is around 14.5%.

OneMain Financial Personal Loan Terms

APRs: 18% - 35.99%
Loan Amounts: $1,500 - $20,000
Funding Timeline: 2 - 5 business days
Repayment Periods: 24, 36, 48 or 60 months
Origination Fee: 1% - 10% (based on state)
Prepayment Fee: $0
Late Fee: $5 - $30 (based on state)

To learn more, check out the full OneMain Financial personal loan review on WalletHub.

Answer Question

What loan has the highest interest rate?

What is the interest rate on a OneMain Financial loan?

What credit score do you need for a OneMain Financial personal loan?

OneMain Financial has no minimum credit score requirement for applicants. For the best odds of being approved for a personal loan from OneMain Financial, however, you should have a credit score of 600 - 650 or higher.

Keep in mind that just having a 600 - 650 credit score is not enough to qualify you for a OneMain Financial personal loan. OneMain Financial will consider your entire financial profile, including things like your income, existing debts and recent credit inquiries, when deciding whether to approve you. It's also worth noting that some applicants might be able to get a personal loan from OneMain Financial with a slightly lower score if it's offset by other factors like an especially high income. But it's best to wait to apply until your score meets the threshold.… read full answer

If you're unsure of what your current credit score is, you can check it for free on WalletHub. You can also pre-qualify for a OneMain Financial personal loan online to gauge your chances of getting approved with your current credit score.

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