Applying for OneMain Financial loans is simple. First, borrowers fill out an online application with personal and financial information. Next, a credit check is done to see if they qualify. Approved applicants will sign the loan agreement. Funds are usually given quickly, often on the same day. The whole process is easy and efficient.
Pros and Cons
- Offers loans up to $20,000 with repayment terms of up to 60 months for easy monthly payments.
- Applications are processed quickly on the website, with decisions possible in just a few minutes.
- Accepts credit FICO scores of 689 or lower, showing flexibility for borrowers.
- A large network of branches makes financial support available in 44 states.
How to Apply for a OneMain Financial Loan?
- Fill in the required information for the system to review your application. This usually includes your personal details and home address. You will also need to provide your SSN or ITIN, contact info, and income details.
- Complete the application by providing all requested information. Make sure to enter accurate and current data to avoid delays.
- After you submit your application, you will get a decision in a few minutes. OneMain Financial usually decides within 10 minutes.
- Once your application is approved, you will need to sign a loan agreement. Review the terms and loan details carefully before signing.
- After signing the loan documents and completing all steps, you will get the funds as you chose. OneMain Financial lets you receive money on a bank debit card through the SpeedFunds® network. Funds can also be sent to your bank account via ACH.
Conditions and Requirements
Conditions
APR Range. The Annual Percentage Rate (APR) for OneMain Financial loans ranges from 18.00% to 35.99%.
Loan Amount. Borrowers can apply for loan amounts ranging from $1,500 to $20,000.
Loan Term. The loan term can be up to 60 months, allowing for flexible repayment periods.
Requirements
Government-issued Identification. Such as a driver’s license or passport to verify your identity.
Proof of Residence. Documents like a rental agreement or utility bill to confirm your current address.
Proof of Income. Such as pay stubs or tax returns to demonstrate your ability to repay the loan.
Age of Majority. You must be the age of majority in your state, typically 18 years or older.
Residency. You must be a resident of the United States.
