Compare Personal Loan Rates from WalletHub Partners
Excellent Credit
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Fair Credit
Bad Credit
No Credit/Limited History
$500
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$1,000
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$5,000
$10,000
$25,000
OneMain Financial Reviews
The WalletHub rating is comprised of reviews from both WalletHub users and ratings on other reputable websites. The rating was last updated on 05/13/2026.
OneMain Financial is an online lender that offers personal loans to people in 44 states. OneMain’s loans range from $1,500 - $20,000, so they’re relatively small compared to offers from many competitors, but OneMain still gives borrowers 24, 36, 48 or 60 months to pay them off. High APRs are the real reason OneMain personal loans are far from an ideal choice, however.
The minimum APR for a OneMain personal loan is 18%. To put that in perspective, many lenders start their APRs around 7%, and federal credit unions are required to cap their maximum APRs at 18%. OneMain’s maximum APR of 35.99% is a lot higher than that.
Another prominent feature of OneMain loans is that they can be either unsecured or secured. A secured loan requires the borrower to put up collateral. The most common collateral OneMain accepts is a vehicle title. If the borrower defaults on the loan, OneMain can keep the collateral for repayment. The benefit of a secured loan is that it’s easier to get than an unsecured loan.
OneMain Financial Review Highlights:
OneMain Financial interest rates: 18% - 35.99%
Loan amounts: $1,500 - $20,000
Payoff timeline: 24, 36, 48 or 60 months
Availability: OneMain only operates in 44 states, excluding AK, AR, CT, DC, MA, RI and VT.
Time for approval: It takes around 1 business day for OneMain to come to an approval decision. That’s faster than many competing lenders, and one of OneMain’s few big positives.
Time for funding: You should receive your funds the same day you’re approved.
Fees: There is a 1% - 10% (based on state) origination fee and a late fee that varies by state.
OneMain Financial credit score requirements: OneMain lends to people who have bad credit but does not disclose official credit score requirements. Third-party sources tend to indicate your odds are decent with a score in the 600-650 range.
Other requirements: 18+ years old; U.S. citizen, permanent resident, or immigration visa holder; SSN
While OneMain certainly isn’t the worst lender for people with bad credit, it’s far from the best because it’s so expensive. Below, you can see how WalletHub rates OneMain loans in our three major categories: Terms, Requirements & Application, and Reviews & Transparency.
OneMain Financial Ratings by Category:
Category
Editor’s Rating
Terms
2.9/5
Requirements & Application
4.5/5
Reviews & Transparency
3.3/5
Overall Score
10.7/15
These scores reflects how close a loan offer is to WalletHub’s definition of a 5-star loan. For more information, please read WalletHub’s full methodology.
Product: OneMain Financial Personal Loans
Comment
2
5
darkhorse010204 @darkhorse010204
The staffs are pretty rude. I end up turning down their offer because of that. You don't want to deal with those kinds of people.
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6
0
Kelli @kellimail13
@darkhorse010204 I agree! Staff not the friendliest and they’re also slow to inform of loan status
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4
0
agronaventurax @agronaventurax
@darkhorse010204 JENNIFER was absolutely one of the WORST loan specialists i have ever dealt with. not only did she call me back after i had told her that this isnt the best route for me. She claimed to have a solution put me through 15 loops then when she realized her mistake she couldn't even give me a call back. I called three days in a row all 3 days someone told me that i should expect a call back shortly. it was not that serious that you need to ignore me for 3 days but i needed to clarify one last thing & they cost themselves a sale because i can get a co-applicant anywhere to approve me, morons
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4
0
DARRELL @diamond3xdn
I NEVER APPLIED FOR ANY ACCOUNT WITH ANY ONE MAIN OFFICE!!!!
ALL OF THESE ARE FRAUD BASED
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Comment
5
0
OneMain Financial
Michael Wayne Johnson @michaelwjohnson17
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3 Star Rating
Verified Customer
Good for first time credit builders, quick funding after closing but you need to be on the phone with them all the time.
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Product: OneMain Financial Personal Loans
Comment
0
0
OneMain Financial
Edward Harris @djdje11
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1 Star Rating
Applied for card and got approved in April 2024 , was promised after 4 quarter milestones I would graduate to a Brightway + card . 2 years later after making my payment on time for 2 years customer service told me they pulled the program. Customer service then told me they can waived annual fee but will cancel my account . Only got this card because I was promised as Brightway + card as long as I made my payment . Company lied and didn’t honor their word . Doesn’t make sense someone who paying there card on time not holding a balance is not the customer they want.
TERRIBLE!! WORST credit card EVER!! STAY AWAY! If you want to make a purchase that exceeds 1/4-1/2 your credit limit it will decline and they will tell you it's a fraud alert and there's nothing they can do. What good is a card you can't use! I've NEVER had such a HORRIBLE EXPERIENCE!
Hard Inquiry just to qualify you for the loan. Even if the initial hard inquiry results in approval the agent you speak with can still deny you if you don’t meet their qualifications, which leaves you stuck with the hard inquiry. I recently went self employed full time and don’t have a tax document yet so I had decided to use my car as collateral for a secured loan. After the hard inquiry resulted in approval I was told by the agent I would need a co-signer still. Why would I need a co-signer if my car is securing the loan? There are better options. Much better experience with Upstart.
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Product: OneMain Financial Personal Loans
Comment
0
0
OneMain Financial
Gregory Crawford @gregorycrawford609
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5 Star Rating
Verified Customer
Very nice people go out of their way to handle your money like it was theirs
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Product: OneMain Financial Personal Loans
Comment
0
0
OneMain Financial
Carrie Coffey @carriec_47
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3 Star Rating
Verified Customer
Easy to work with but high interest and now im stuck paying way too much.
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Product: OneMain Financial Personal Loans
Comment
0
0
OneMain Financial
karinajuan240 @karinajuan240
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1 Star Rating
This company has ongoing, questionable practices including harassment. Upon the first late payment (under 10 days) we received multiple phone calls a day and night, EVEN after setting up a post dated payment within 14 days of due date. Years later still having issues of not mailing statements out, sending emails with incorrect minimum due amounts to provoke fear, get attention, and harassment (ie. $1,100 minimum due when it was $370 due, this I could not believe). They finally stated the correct amount due after 20 minutes of questioning. I pay all my other bills on time and always put this loan at the bottom of the barrel due to harassment, Ive blocked all the numbers associated with the current office, they do not allow you to work with another location, and they now try to use their cell numbers instead when I've stated to send me notices through the mail only. We will not negotiate with bullies, I just feel awful for the customers that these tactics are working on.
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Product: OneMain Financial Personal Loans
Comment
0
0
OneMain Financial
Natalie Hernandez ortiz @nhernandez695
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1 Star Rating
Verified Customer
Car was a total loss paid for gap Insurance now I still have a balance of $3600.00 when I pay for gap to cover my entire loan, they taken my loan contract out of my account so i am unable to refer to it now, I also can’t see any payments made passing October 2025,,,.. when I said I’ll have a lawyer look over all of this my access to my information gone completely gone !
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Product: OneMain Financial Personal Loans
Comment
0
0
OneMain Financial
Pamela Craven @pscraven
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1 Star Rating
One main BrightWay credit card is a scam. I was approved for $1500 in October 2025. I didn’t use my card much but I went out of state which is only 29 miles from my house to pay an electric bill at my other house. BrightWay put a fraud alert on the card and sent me an email saying I needed to verify my account with two government issued IDs so I emailed back my drivers license and Social Security card and they said they couldn’t verify it. Why not it’s a state of Georgia drivers license and it’s a government issued Social Security card that I received when I was born then they said they were closing my account. I never missed a payment. I was always on time I even paid a few days before my payment was due. They closed my account stay away from this credit card company because if you use your card anywhere they’re gonna put fraud alerts on it and have excuses to close it. I have documents to prove I did not use that card much and the day that I use the card to pay my other electric bill at my other house was when the Alert went out scam scam scam not worth the headache
Terrible customer service! I never received my card, and they are still trying to charge annual fees. Instead of making customers happy and waiving the fee, they are trying to take advantage of their customers and demanding their fees for a card I never received. Stayed on the phone for an hour; they could not care less about their customers. Complete garbage for customer service! 100%
The sign-in process is very difficult! Cannot access account online!
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Product: OneMain Financial Credit Cards
Comment
0
0
OneMain Financial
vanvirgo14 @vanvirgo14
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1 Star Rating
I signed up for a personal loan with OneMain Financial for only one reason, and that is because I could not obtain it anywhere else. They have the highest interest rate of 35.43% for the total loan of $12,000. My monthly payment is $560, and with 35.43% interest, I will pay off the amount when I am 99 years old. The financial service is cruel and has no mercy on you if you are paying late. A few weeks back, my bank was temporarily blocked and under investigation. OneMain did not receive the money on time; they charged a $200 late fee (only 2 days later). I called and tried to explain why; they didn't care. A week later, they charged an additional $25 for a returned charge. That's right, a returned charge, not a returned check. They made it so easy for you to borrow; it is a fishing technique. Once bitten, you are hooked for the rest of your life.
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Product: OneMain Financial Personal Loans
Comment
0
0
OneMain Financial
todd kupcik @humblefatha3
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1 Star Rating
They have no idea how to do business! Every time I go to use my card, it is declined! Absolute joke. Mind you, they have no problem taking payments!
Get answers to your questions about OneMain Financial below. Editorial and user-generated content is not provided, reviewed or endorsed by any company. Please keep in mind that it is not a financial institution’s responsibility to ensure all posts and questions are answered. Ad Disclosure
OneMain Financial does not offer secured personal loans, but they do offer unsecured personal loans and other types of secured loans including auto loans and mortgages. Secured loans require collateral, such as a car, home or money in a bank account, whereas unsecured loans do not.
The upside to an unsecured personal loan is that you don't run the risk of losing an asset if you fail to make the payments. With secured loans like mortgages and auto loans, the property will be used as collateral, so you could lose your home or car if you don't pay the loan back. However, OneMain Financial reports payment information to the major credit bureaus every month, so if you make your payments on time, you can boost your credit score.
OneMain Financial is a legit personal loan provider accredited by the Better Business Bureau since 2015. OneMain Financial has an A+ rating from the Better Business Bureau, and OneMain's personal loans received a 3.4/5 rating from WalletHub's editors.
Why OneMain Financial Personal Loans Are Legit
OneMain Financial is registered as a business in the states it services.
OneMain Financial has a Better Business Bureau rating of A+.
OneMain Financial's requirements include being at least 18 years old, having enough income or assets to make the monthly payments and having a Tax ID number.
OneMain Financial Requirements for Borrowers
Income: Not disclosed
Age: 18+
Citizenship: U.S. citizen, permanent resident or visa holder
Residency: All states except AK, AR, CT, MA or RI
Before you apply for any personal loan, it's a good...
Your OneMain Financial approval odds are good if you have a low debt-to-income ratio and meet OneMain Financial's requirements to get a loan. Some requirements include being at least 18 years old and having enough income to make monthly payments. If you meet all the requirements, your approval odds are high, but approval is never guaranteed.
What You Need for Good OneMain Financial Approval Odds
Yes, OneMain Financial does home improvement loans. You can take out a personal loan from OneMain Financial and use it to pay for home improvement expenses, such as remodeling a kitchen, finishing a basement, putting on siding or many other projects. OneMain Financial is one of the few lenders offering personal loans specifically for home improvements, while many others only have general-purpose personal loans.
Quick Facts About OneMain Financial Home Improvement Loans
A personal loan from OneMain Financial is not hard to get approved for if you have a credit score of 600-650+, enough income to afford the loan, and a valid bank account. Approval by OneMain Financial is never guaranteed, though, even if you meet all the requirements.
Requirements to Get Approved for a OneMain Financial Personal Loan
A loan from OneMain Financial will temporarily hurt your credit score because the company will perform a hard pull of your credit history when you officially apply, which will cause a drop in your score by about 5 to 10 points. In the long run, your credit score can also drop if you don't make on-time payments.
You can avoid damaging your credit score for no reason by pre-qualifying first. OneMain Financial only uses a soft pull of your credit,...
It is not difficult to get a personal loan from OneMain Financial because you need a credit score of 600 or higher to qualify, according to third-party sources. You will also have to meet other common requirements like being at least 18 years old, having an SSN, and having enough income to afford monthly loan payments.
To apply for a OneMain Financial personal loan, first check for pre-qualification and then enter your personal and financial information on the online application. Next, verify the accuracy of the information, submit the application and wait to receive a decision.
How to Apply for a OneMain Financial Personal Loan
Check for pre-qualification. Pre-qualification is a way to check your approval odds and potential rates before applying for a OneMain Financial personal loan. It...
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