PERSONAL LOANS
Personal loans for what you need—and when you need them.
Let us help you take the next step with a personal or auto loan
from $1,500 - $20,000.1
Check for OffersThis won’t affect your credit score.
A personal loan from OneMain can help you take control of your finances. From debt consolidation to home improvements to vacations, you can plan for both the expected and unexpected.
Why get a personal loan from OneMain Financial?
Personal loans are installment loans with fixed interest rates that you can use for a variety of reasons.2 If approved, you’ll borrow a set amount of money and pay it off with monthly payments over a scheduled period of time. Personal loans can offer an alternative to credit cards by giving you a predictable and fixed repayment plan. They can even be a tool for building credit if you make your payments on time.
At OneMain, we’ve been a trusted loan company for over 100 years. You can apply for our simple and convenient personal loans online, or talk to one of our loan specialists over the phone or at your local branch.
Common uses for a personal loan.2
How it works
Apply Online
Once we have some financial, employment and personal info, you’ll get a quick response on your loan request.
Connect with a Loan Specialist
Upon approval, we’ll discuss your options and verify things like identity, income, expenses and any needed collateral on the phone, online or at a branch.
Sign and Get Your Money
After you review and accept your loan, you’ll sign loan documents and receive the money. It’s that easy.
Say you’re approved for a personal loan, now what?
You may be offered a secured or unsecured loan. A secured loan requires you to provide collateral, such as a motor vehicle, while an unsecured loan doesn’t require any collateral at all.
Our rates and terms1
$1,500 - $20,000
Loan Amount Range | 18.00% - 35.99%
APR Range | 24, 36, 48 or 60 Months
Term Lengths |
Your terms vary based on personal information like credit history, income, expenses, debts and available collateral. As an example, if you borrowed $6,000 with a 24.99% APR and 60 month term, your payments would be $176.07 per month. This example is based on an average customer with good credit.
Get an idea of estimated monthly payments for different loan amounts with our personal loan calculator 3
Important information about our Loan Amounts and Fees
Ready to get started? It’s easy.
This won’t affect your credit score.
These customer testimonials reflect individuals' personal experiences, so you may not have the same results
Frequently asked questions about personal loans
There are many factors that determine your eligibility for a personal loan, such as:
- Financial history
- Credit history
- Income and expenses
- Loan purpose
- Whether you have filed for bankruptcy
- State of residence
For more information, please call (800) 961-5577 or find a branch.
Before you close your loan, OneMain will need you to provide the following documents:
- A copy of a valid, government-issued ID (e.g. driver’s license or passport)
- Your Social Security card
- Proof of residence (e.g. a driver’s license with your current address, a utility bill, or a signed lease)
- Proof of income (e.g. pay stubs or tax returns)
We may ask for additional items based upon your unique situation. Ready to apply? Start your loan application today.
On average, from the start of the application to the receiving of funds, the process takes about one day. The amount of time may vary, however, based on what time you submit your application, the number of documents required in order to approve your application, and how long it takes to receive those documents, among other factors.
Average lengths of time for the online application process (may vary depending on your circumstances):
- Completing the application and receiving a decision: Less than 10 minutes*
- Signing the agreements and receiving funds: By the next business day after approval
* May take longer depending upon the amount of time required for the verification process.
Ready to apply? Get your loan application started today.
Precomputed loans calculate the total interest up front when you open your loan. This interest is included in your starting account balance and does not change over the loan term.
- Every time you make a monthly payment on time, the whole amount of each payment goes toward reducing that account balance.
- If you make all your payments on time, your account balance will be $0 at the end of the term.
- If you miss a payment or pay late, your lender may charge you late fees, and your credit report may show missed or late payments.
- You may be entitled to an interest refund or rebate if you pay your loan off early.
Find detailed information and examples on our blog, Understanding How a Precomputed Loan Works.
Interest on a daily simple interest loan is calculated by using the daily simple interest method. This means that interest accrues on a daily basis on the amount of the loan (current outstanding principal balance) from the date the interest charges begin until you repay the loan. The daily simple interest method counts the number of days between the date your last payment is received and the date your current payment is received. To avoid paying additional interest, you should regularly and consistently make your standard monthly payment amount on or before your payment due date.
For more information, here's an overview of how daily simple interest works. Included is the calculation used to determine the interest on a daily simple interest loan and various examples to illustrate how different payment patterns can affect unpaid accrued interest.
Still have questions? Check out our FAQs.
