OneMain Financial Reviews
formerly Springleaf Financial
- We require contact information to ensure our reviewers are real.
- Our moderators read all reviews to verify quality and helpfulness.
- We use intelligent software that helps us maintain the integrity of reviews.
+2 more
About OneMain Financial
OneMain Financial offers personal loans online, by phone and in person at nearly 1,300 branches across 44 states. You can use OneMain loans for emergency bills, a vehicle, home improvement, debt consolidation, medical bills or nearly any other purpose. Loan amounts range from $1,500 to $30,000, and OneMain states funds may be available as soon as one hour after closing. It takes about five minutes to get prequalified, with no effect on your credit score. OneMain also offers three credit cards, called BrightWay, to a limited number of customers. The company says it will be expanding card availability to more customers soon.
- Flexible term lengths from 24 to 60 months
- Secured and unsecured loans and credit cards
- Loans from $1,500 to $30,000
- Charges an origination fee
- Credit card products are limited to select customers
- Services restricted in six states
Helpful Reviews
What is OneMain Financial?
OneMain Financial is a lender that offers secured and unsecured loans and credit cards (though cards are currently limited) to customers in 44 states. OneMain Financial’s loans have fixed rates and payments, and the company doesn’t charge prepayment penalties.
You can check your eligibility for potential loan offers on OneMain Financial’s website without affecting your credit score. Once you’ve prequalified, you can apply for a personal loan or credit card with OneMain Financial. To complete the online application, you’ll need to provide the following:
- Desired loan amount
- Proof of identity, such as a driver’s license or passport
- Proof of residence, such as a driver’s license or signed lease
- Proof of income, such as pay stubs or tax returns
- Social Security number
- Offer code (if applicable)
Once you submit your application, OneMain Financial typically provides a decision within minutes or by the next business day. If approved, the company verifies your information and presents loan options for you to review. Depending on your situation, you may finalize the loan online, by phone or by visiting a local branch to confirm details and sign the loan agreement.
OneMain Financial products
OneMain Financial offers personal loans and credit cards, both online and at physical branch locations.
Personal loans
OneMain Financial offers unsecured and secured loans ranging from $1,500 to $30,000. Funds can be used for debt consolidation, home or auto expenses, medical bills and more. Loan terms range from 24 to 60 months, with fixed annual percentage rates (APRs) that vary based on creditworthiness and loan type. Applications can be completed online, over the phone or in person at one of its 1,300 branches.
Credit cards
OneMain offers three credit cards: BrightWay, BrightWay 1.5% Cashback and BrightWay+ credit cards, issued by WebBank. All three are unsecured cards designed to help users build or improve credit.
Note that OneMain is offering a limited number of cards right now but plans to expand soon.
Features include:
- Credit limits up to $3,000 (based on creditworthiness)
- 1% to 1.5% cash back on eligible purchases
- Monthly milestone rewards for on-time payments, such as an increased credit limit or a decreased APR
- Starting APR of 35.99%
- BrightWay and BrightWay 1.5% Cashback charge an annual fee (up to $89), while BrightWay+ does not
- Cards can be managed via mobile app or online account
OneMain Financial rates and terms
When considering a loan or credit card with OneMain Financial, it's important to understand the rates and terms that apply. Here’s a breakdown of the key details to help you make an informed decision.
Personal loan rates and terms
- APR: OneMain Financial charges APR rates ranging from 11.99% to 35.99%, depending on factors like credit history, income and debts.
- Loan term lengths: Loan terms range from 24 to 60 months.
- Origination fees: OneMain charges a loan origination fee (where allowed by law), which may be percentage-based or flat, depending on the state and loan size. Flat fees range from $25 to $500, while percentage-based fees range from 1% to 10% of your loan total.
- Late payment fees: Late fees may be a flat rate of $5 to $30 per late payment, or a percentage of either your entire monthly payment amount or the delinquent portion of your monthly payment amount, ranging from 1.5% to 15%.
- Insufficient funds fees: OneMain may charge fees for insufficient funds ranging from $10 to $50 per returned payment (amount varies by state).
- Government fees: Additional government fees may apply depending on your state.
Credit card rates and terms
- APR: All BrightWay credit cards have a 35.99% APR on purchases, cash advances and balance transfers.
- Annual fee: BrightWay and BrightWay 1.5% Cashback have an annual fee of up to $89; the BrightWay+ card does not have an annual fee.
- Cash advance and balance transfer fees: The greater of $10 or 3% of the amount advanced or transferred
- Foreign exchange fee: 1% of each transaction made in a foreign currency
- Late payment fee: Up to $40, depending on your account status
- Minimum interest charge: $0.50.
FAQ
What kind of credit score do you need for OneMain Financial?
OneMain Financial doesn’t have a minimum credit score requirement. Your credit score is still an essential factor in determining your interest rates, loan terms and conditions with OneMain, though.
Does taking out a personal loan with OneMain Financial hurt your credit?
Yes, your credit score typically drops a few points when you take out a personal loan with OneMain Financial because it involves a hard credit check. If you make timely payments, you can make up the difference over the life of the loan. However, it does not require a hard credit inquiry for prequalification.
Can I get a loan with OneMain Financial with bad credit?
Yes, you can apply and qualify for a loan with OneMain Financial if you have bad credit (580 or below). However, your interest rates are typically higher and you may not always qualify.
Can you skip a payment with OneMain Financial?
No, you can’t skip a payment with OneMain Financial. Skipping or missing a payment on your loan may result in late fees and interest charges.
Does OneMain Financial require collateral?
Only OneMain Financial’s secured loans require collateral. If you qualify for a secured loan, work with your loan specialist to determine what item you should use as collateral. Secured loans generally have lower APRs than unsecured loans, which do not require collateral.
Where is OneMain Financial not available?
OneMain Financial services are restricted in six states as of this writing: Alaska, Arkansas, Connecticut, Massachusetts, Rhode Island and Vermont.
What is OneMain Financial’s interest rate?
OneMain Financial’s interest rates for personal loans range from 11.99% to 35.99%, depending on factors like your credit history, income and loan amount. All BrightWay credit cards have a 35.99% APR. Always check your loan agreement for specific terms.
Still have questions?
Is OneMain Financial legit?
Yes, OneMain Financial is a legitimate company that has more than 100 years of lending experience and offers unsecured and secured loans in 44 states. If you’re searching for a large loan company with in-store services, OneMain Financial may be a good option. Visit OneMain Financial’s website to start your application and see what rates you qualify for.
OneMain Financial Reviews
Filter by Rating
- (1,908)
- (227)
- (55)
- (111)
- (957)
Popular Mentions
- 4,889,230 reviews on ConsumerAffairs are verified.
- We require contact information to ensure our reviewers are real.
- We use intelligent software that helps us maintain the integrity of reviews.
- Our moderators read all reviews to verify quality and helpfulness.
A link has directed you to this review. Its location on this page may change next time you visit.
- 4,889,230 reviews on ConsumerAffairs are verified.
- We require contact information to ensure our reviewers are real.
- We use intelligent software that helps us maintain the integrity of reviews.
- Our moderators read all reviews to verify quality and helpfulness.
Reviewed May 22, 2026
Feb 11, 2026 got approved for a Credit Card, it took 3x of mailing me a card before I received one, once I received it, I was unable to register it on the BrightWay application, no pin number ever recived, numerous phone call, emails, I finally gave them a date 18 May, if I was not able to use my card, register it, have a pin, I would cancel the card. Well it didnt happen, there a glitch in the system, wait another 72 hours, 5 emails later, I was done, 22 May 2026, I received a call from the Executive Customer Care office, they agreed to refund my money via a check for all payments made on a card I was unable to use. Very disappointed with the company. I will be satisfied when I receive the check, I wish I would have read the reviews more.
Thanks for subscribing.
You have successfully subscribed to our newsletter! Enjoy reading our tips and recommendations.
Reviewed May 21, 2026
My husband got a personal loan using my car as collateral, they said that I signed the documents giving him consent. I finally received the copy of the document three years later. It's not my signature. They have charged my husband over $9171.63 in interest alone, and $3,317.23 that has been applied to the principal of a $12,294.84 loan. I have been insulted, degraded, and treated like a child every time I speak to the Manager of the One Main Financial office in Georgetown, Texas. They are charging my husband for hidden insurance fees that he and I both have ask for that to be removed and refunded the money. They Refuse to do so, they are very unprofessional and over charging my husband. All I want is my car title back, I have paid for the car.
Reviewed May 8, 2026
I was approved for a loan. Turned it down, worse experience I have ever had. No call backs, waiting on phone sometimes 20 min or longer. I have never had a worse experience with any lending institution. I got approved & I turned it down.
Reviewed May 7, 2026
These are predatory lenders. Interest rate is sky high and will hound you to death if you are one day late. STEER CLEAR.
Reviewed May 4, 2026
When I borrowed the first time, all was good. But they added charges that was unwanted. Then I had to borrow again and when asked about those unwanted charges I was told they didn't exist anymore and there was no refund for charges not used. So out of that I lost about $3,000 for those UNWANTED CHARGES. What does this sound like?
Reviewed April 27, 2026
Reyna **, Personal Loan Specialist, made a real difference in my experience. She took the time to truly understand my situation and looked beyond my debts to see my needs. Her guidance was thoughtful, professional, and focused on helping me make wise decisions—especially when it came to paying off my loans. I walked in feeling uncertain and left feeling confident and empowered. That kind of care and attention speaks volumes about the service here. If you’re in the Texas City–La Marque area in Galveston County, I highly recommend asking for Reyna **. She genuinely cares and it shows.
Reviewed April 12, 2026
If you miss a single payment, they will harass you to a nervous breakdown. I would not recommend doing business with them by any means.
Reviewed March 30, 2026
Very bad customer service and service online is even bad. Before asking soft credit to pull they without asking do hard credit check up and not approve the loan as being said that with the vehicle collateral will be approved and at last, we have to call to find out and the customer service says not approved. What kind of loan is this? Company doesn't explain anything online. This one looks very fake to me. This company shouldn't be. I think looks scam.
Reviewed March 22, 2026
I am a special needs mom and had a serious emergency. As a special-needs parent at times you are call to school several times a week. Situations like this and having no support can make it hard to keep a job and can make people desperate in some situations. I went to One Main, I put my car up as collateral. I borrowed $3000 and then ended up having to borrow 3000 more in 2019. I got so tired of the calls that I finally ask the agent how much have I paid over the last five years. She said $14,000. I nearly fell on the floor. That’s a down payment on the house. Do not work with One Main.
Reviewed March 2, 2026
I wish I could give negative 5,000 stars. I was told that my application was approved, and they just had to ask a few questions. Then they denied it after doing a hard inquiry. Damaged my credit score for nothing. I would definitely not recommend.
OneMain Financial Company Information
- Company Name:
- OneMain Financial
- Company Type:
- Public
- Ticker Symbol:
- OMF
- Year Founded:
- 1912
- Formerly Named:
- Springleaf
- Address:
- NTBS-2320 6801 Colwell Blvd.
- City:
- Irving
- State/Province:
- TX
- Postal Code:
- 75039
- Country:
- United States
- Website:
- www.onemainfinancial.com
