Rick Bormin, Personal Loans Moderator
@rhandoo2020
You do not need a specific credit score to get a personal loan from OneMain Financial, as OneMain Financial does not check applicants’ credit when they apply. This means it is relatively easy to get approved for a OneMain Financial personal loan. However, approval is not guaranteed, since OneMain Financial will consider other things like your income and existing debts when deciding whether to approve you.
OneMain Financial Credit Score Requirement & Loan Terms
| Category | Requirements and Terms |
| Minimum Credit Score | No minimum credit score required |
| Loan Amount | $1,500 - $20,000 |
| Repayment Period | 24, 36, 48 or 60 months |
| Funding Timeline | As soon as the same day |
Keep in mind that while OneMain Financial and other companies that don’t do a credit check offer easier approval than most personal loan providers, they also tend to be significantly more expensive. As a result, you should compare OneMain Financial against other personal loans you may qualify for.
People also ask
How can you get a personal loan with a credit score under 550?
Yes, you can get a personal loan with a credit score of 550. You could consider getting a secured personal loan, applying for an unsecured personal loan with a co-signer, borrowing from family and friends, and checking with local credit unions which usually have a lower requirement over credit score.
It’s very difficult to get an unsecured personal loan with a credit score under 550 on your own, without the help of a co-signer whose...
read full answer by Adam McCann, Financial WriterHow can I increase my credit score quickly?
The fastest ways to improve your credit score are to pay down your balances, dispute incorrect information on your credit report, make more frequent payments, and reduce credit utilization. Credit utilization (how much of your credit limits you use each month) contributes to a portion of your credit score that accounts for 20% - 30% of your overall score. So, an adjustment there can result in a big credit boost pretty quickly. Similarly, you can dispute...
read full answer by WalletHub, Financial CompanyWhat is the easiest bank to get a personal loan from?
The easiest banks to get a personal loan from are USAA and Wells Fargo. USAA does not disclose a minimum credit score requirement, but their website indicates they consider people with scores below 640, so even people with bad credit may be able to qualify. You do need to be a member of the military community, though.
Wells Fargo normally requires a credit score of 660 for their unsecured personal loans. However, they also offer...
read full answer by Adam McCann, Financial WriterDid we answer your question?
Important Disclosures
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers. For full transparency, here is a list of our current advertisers.
Advertisers compensate WalletHub when you click on a link, or your application is approved, or your account is opened. Advertising impacts how and where offers appear on this site (including, for example, the order in which they appear and their prevalence). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.
Advertising enables WalletHub to provide you proprietary tools, services, and content at no charge. Advertising does not impact WalletHub's editorial content including our best picks, reviews, ratings and opinions. Those are completely independent and not provided, commissioned, or endorsed by any company, as our editors follow a strict editorial policy.