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30Y FIXED6.85%↑ 0.02·15Y FIXED6.12%↓ 0.01·REFI 30Y6.78%↑ 0.01·HELOC9.20%0.00·JUMBO 30Y7.05%↑ 0.03·HYSA TOP4.85%↓ 0.05·12M CD5.10%0.00·24M CD4.85%↓ 0.02·5Y CD4.40%↑ 0.01·MMA TOP4.65%0.00·AUTO 60M NEW7.10%↓ 0.02·AUTO 60M USED8.45%↑ 0.04·PERSONAL EXC.8.20%0.00·10Y TREASURY4.32%↑ 0.01·30Y FIXED6.85%↑ 0.02·15Y FIXED6.12%↓ 0.01·REFI 30Y6.78%↑ 0.01·HELOC9.20%0.00·JUMBO 30Y7.05%↑ 0.03·HYSA TOP4.85%↓ 0.05·12M CD5.10%0.00·24M CD4.85%↓ 0.02·5Y CD4.40%↑ 0.01·MMA TOP4.65%0.00·AUTO 60M NEW7.10%↓ 0.02·AUTO 60M USED8.45%↑ 0.04·PERSONAL EXC.8.20%0.00·10Y TREASURY4.32%↑ 0.01·
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Personal loan review

OneMain Financial Personal Loan Review (2026)

OneMain Financial earned 4.0 / 5 in our 2026 review. Best for: bad credit, secured loan option available. APRs run 18.00% to 35.99% on $1,500 to $20,000 loans, with funding in 1-2 business days.

By the Fintiex Loan Desk · Updated 2026-05-02
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TL;DR stats
APR range
18.00% to 35.99%
Loan amount
$1,500 to $20,000
Term range
2 to 5 years
Origination fee
1% to 10%
Funding speed
1-2 business days
Min credit score
300
Late fee
$5-$30 or 1.5-15% of payment (varies by state)
Prepayment penalty
None
Pros
  • +No minimum credit score requirement, bad credit accepted
  • +Secured loan option to improve approval odds or lower APR
  • +In-person branch network for those preferring face-to-face service
  • +Quick funding within 1-2 business days
  • +No prepayment penalty
Cons
  • -APR floor of 18% means expensive even for better credit
  • -Origination fee required on all loans
  • -Lower maximum loan amount of $20,000
  • -Not available in all states

Rates and fees

APR range
18.00% to 35.99%
Origination fee
1% to 10%
Late fee
$5-$30 or 1.5-15% of payment (varies by state)
Prepayment penalty
None
Loan amount range
$1,500 to $20,000
Repayment terms
2 to 5 years
Funding speed
1-2 business days
Minimum FICO
300

Always compare APR rather than the headline interest rate. The CFPB requires every lender to disclose APR, which folds origination fees into the cost calculation.

Who it is for

OneMain Financial fits borrowers with poor credit (FICO 300+, ideally 550 or higher). The product is best suited for bad credit, secured loan option available. Loan sizes from $1,500 to $20,000 cover most common needs: debt consolidation, home improvement, medical bills, and major life events. If your FICO is below 300, you will likely need a cosigner, a secured loan, or a different lender entirely.

How to apply for a OneMain Financial loan

Applying takes about 10 to 15 minutes online. You will need your Social Security number, government ID, last two pay stubs or two years of tax returns, and your bank account details for the deposit. The Federal Reserve recommends checking your free credit report at annualcreditreport.com before you apply so you know what to expect.

  1. 1.Soft-pull prequalify on the OneMain Financial site to see your estimated APR with no impact to your credit score.
  2. 2.Compare the prequalified APR against two or three other lenders. The CFPB allows a 14- to 45-day rate-shopping window with no extra credit damage.
  3. 3.Select your loan amount and term. Pick the shortest term you can afford; total interest paid is much lower on shorter terms.
  4. 4.Submit the formal application with income verification. This triggers a hard inquiry that drops your FICO 2 to 5 points temporarily.
  5. 5.Review the loan agreement, sign electronically, and wait for funding. OneMain Financial typically deposits in 1-2 business days.
Start a OneMain Financial application

Frequently asked questions

Is OneMain Financial a good personal loan lender?
OneMain Financial earned 4.0 out of 5 in our 2026 review. The loan covers $1,500 to $20,000 with APRs of 18.00% to 35.99% on terms from 2 to 5 years. Best for: bad credit, secured loan option available.
What credit score do I need for a OneMain Financial personal loan?
OneMain Financial accepts applicants with a minimum FICO of 300. To qualify for the lowest advertised APR, lenders typically want a score of 550 or higher plus steady income and a debt-to-income ratio under 40 percent. The CFPB recommends checking your free annual credit report at annualcreditreport.com before you apply.
How fast does OneMain Financial fund a personal loan?
OneMain Financial typically funds approved loans in 1-2 business days. Funding speed depends on how quickly you submit income verification documents and on your bank's deposit processing time. Same-day funding is fastest when you have direct deposit set up with a major bank.
Does OneMain Financial charge an origination fee?
Yes. OneMain Financial charges an origination fee of 1% to 10%, which is deducted from your loan proceeds at funding. The Federal Reserve recommends comparing APR (not just the interest rate), because APR rolls origination into the cost calculation.
What is the maximum I can borrow from OneMain Financial?
OneMain Financial personal loans range from $1,500 up to $20,000. The amount you actually qualify for depends on income, debt-to-income ratio, and credit score. Most lenders cap unsecured personal loans at roughly 40 percent of annual gross income.
Does OneMain Financial let me prepay my loan early?
Yes. OneMain Financial has no prepayment penalty, so you can pay extra each month or pay off the loan in full at any time without a fee. Prepaying lowers the total interest you pay across the life of the loan.
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