OneMain Financial personal loan full review
Are you looking for a loan to help you pay for some debt or another kind of emergency? The OneMain Financial personal loan can be for you! Learn more in our full review!
by Victória Lourenço
OneMain Financial personal loan
The OneMain Financial personal loan can be a great loan option for people who do not have very high credit scores. This personal loan company can be very flexible with the payments and options it offers to its clients.
This personal loan can give you the option to choose the date of your payments. Also, there are fast loan options available. Moreover, this personal loan can help you improve your home, pay for a wedding, or even pay for some debt you might have. So, if you want to know more about this personal loan company, keep reading our full review!
|APR||It ranges from 18.00% to 35.99%|
|LOAN PURPOSE||This loan can be used for a variety of purposes, including home improvements, weddings, debt consolidation, an emergency, and more.|
|LOAN AMOUNTS||It ranges from $1,500 to $20,000|
|CREDIT NEEDED||There is no requirement for minimum point credit.|
|TERMS||The loan can be paid off in 24, 36, 48, or 60 months.|
|ORIGINATION FEE||The origination cost varies by state, ranging from $425 to $500.|
In other states, this charge might be anywhere between 1% and 10% of the loan amount.
|LATE FEE||Late penalties can range from $10 to $30, or 15% of your late payment.|
|EARLY PAYOFF PENALTY||With this loan, there is no penalty for paying it off early.|
How does the OneMain Financial loan work?
You can get your loan application approved even if you do not have a very high credit score. So, after you get approved for a loan, you can get certain flexibility in your payment dates. Also, if you need a co-signer, this personal loan offers that option as well.
You can get a personal loan from $1,500 to $20,000, and your repayment for the loan can range from 24 to 60 months. Also, you can get an unsecured or secured loan option, depending on your score.
OneMain Financial personal loan benefits
- You can get co-signers for your loan.
- This lender only does soft credit checks.
- You can get approved even with low scores.
- You cannot use your approved loan to make payments related to business.
- Some of the rates can be a bit higher when compared to other lenders.
Should you apply for the OneMain Financial personal loan?
If you have a poor credit score and need a relatively fast loan, this can be a good option for you. However, make sure that you can pay off the fees related to your loan, so you don’t have to pay late payment fees.
Can anyone apply for a loan at OneMain Financial?
This personal loan company did not make available any specific minimum requirements for someone to apply for loans. But if you are worried about the part where they check your credit, you don’t have to because they make soft credit checks. So, if you need a loan and have a low score, you can get some loan application approves, even if you have a lower score than 660.
How to apply for an OneMain Financial loan?
It can be easy to see online if you are pre-qualified to get a loan with this personal loan company. However, you might need to do some research to understand the process a bit better. So, if you want to know more about how to apply for a loan with this company, check out our post below to find out!
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