Our Services & Products
Flexible lending solutions designed to meet your financial needs
Online loans (Unsecured)
Flexible Online loans from $1,500 to $20,000 without collateral requirements
What is a Personal Loan?
A personal loan, also known as an unsecured loan, is an installment loan with a fixed interest rate used for various purposes. You don't need to put up collateral like your car or home, making it a flexible solution for your financial needs.
💡 Key Benefit: Online loans offer predictable monthly payments with fixed interest rates, making it easy to budget and plan your finances.
Features & Benefits
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Flexible Amounts
Borrow between $1,500 and $20,000 based on your needs and qualifications. Choose the amount that works best for your situation.
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Fixed Interest Rates
APR ranges from 18% to 35.99% depending on your creditworthiness. Your rate stays the same throughout the loan term.
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Flexible Terms
Choose repayment terms from 24 to 60 months. Select a term that fits your budget and financial goals.
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Fast Funding
Get your money as soon as the same day if approved before noon. Most loans fund within 1-2 business days via ACH.
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No Prepayment Penalty
Pay off your loan early without any fees or penalties. Save on interest by paying ahead of schedule.
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Local Support
Work with dedicated loan specialists at 1,300+ branches nationwide or apply online from the comfort of home.
Popular Uses for Online loans
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Debt Consolidation
Combine multiple high-interest debts into one manageable monthly payment with a potentially lower rate.
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Home Improvements
Finance necessary repairs, renovations, or upgrades that increase your home's value and comfort.
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Auto Repairs
Keep your vehicle running smoothly with funds for unexpected mechanical issues or maintenance.
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Medical Expenses
Cover healthcare costs, procedures, or treatments not fully paid by insurance.
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Major Purchases
Buy essential items, furniture, appliances, or fund special events without depleting savings.
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Emergency Expenses
Handle unexpected costs quickly with fast funding to keep your life on track.
Personal Loan FAQs
What credit score do I need?
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OneMain Financial considers applicants across the credit spectrum. We don't have a strict minimum credit score requirement because we look at your overall financial picture, including income, employment history, and existing obligations.
What are the fees?
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Origination fees range from 1% to 10% of your loan amount, depending on your state and loan details. This fee is typically deducted from your loan proceeds. There are no prepayment penalties, so you can pay off your loan early without additional charges.
How long does approval take?
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Most applicants receive a decision within minutes of completing their application. If additional documentation is needed, the process may take a bit longer, but we work quickly to get you an answer.
Can I use the loan for anything?
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You can use Online loans for most legal purposes, including debt consolidation, home improvements, auto repairs, medical bills, and major purchases. However, loans cannot be used for postsecondary education, business purposes, or investments in securities or cryptocurrency.
Secured Loans
Lower rates and higher amounts available with collateral-backed loans
What is a Secured Loan?
A secured loan uses your vehicle or other titled asset as collateral. By offering collateral, you may qualify for lower interest rates, higher loan amounts, or better terms than with an unsecured personal loan.
✓ Main Advantage: Secured loans typically offer lower interest rates because the collateral reduces the lender's risk, potentially saving you hundreds of dollars over the life of your loan.
How Secured Loans Work
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Collateral Options
Use your vehicle as collateral. We place a lien on your vehicle title, but you keep driving it during the loan term.
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Lower Interest Rates
Secured loans often qualify for lower APRs compared to unsecured loans, reducing your overall borrowing cost.
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Higher Loan Amounts
Access larger loan amounts based on your vehicle's value and your ability to repay.
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Easier Approval
Collateral can help you qualify even if you have less-than-perfect credit history.
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Keep Your Vehicle
Continue driving your car while you repay the loan. We only hold the title as security.
✨
Same Benefits
Enjoy the same benefits as Online loans: no prepayment penalty, fixed rates, and flexible terms.
⚠️ Important Consideration: If you're unable to repay your secured loan, the lender may repossess the collateral. Make sure you can comfortably afford the monthly payments before securing a loan with your vehicle.
Secured vs. Unsecured Loans
| Feature |
Secured Loan |
Unsecured Loan |
| Collateral Required |
✓ Yes (Vehicle) |
✗ No |
| Interest Rates |
Lower rates available |
Higher rates typical |
| Loan Amounts |
Potentially higher |
Up to $20,000 |
| Approval Difficulty |
Easier with collateral |
Based on creditworthiness |
| Risk to Borrower |
May lose collateral if defaulting |
No collateral at risk |
| Processing Time |
Same-day funding available |
Same-day funding available |
| Prepayment Penalty |
✗ None |
✗ None |
How to Get a Secured Loan
1
Check Your Vehicle Value
Determine your vehicle's current market value using resources like Kelley Blue Book or NADA Guides.
2
Apply Online or In-Person
Complete your application and indicate you'd like to use your vehicle as collateral.
3
Provide Vehicle Information
Submit details about your vehicle including year, make, model, mileage, and condition.
4
Get Approved
Receive your approval decision and loan terms based on your vehicle's value and your qualifications.
5
Sign & Fund
Complete paperwork, and we'll place a lien on your title. You'll receive your funds and keep driving your car.
6
Repay & Release
Make your payments on time. Once paid off, we'll release the lien and you'll own your vehicle free and clear.
BrightWay® Credit Card
Build credit while earning rewards for responsible payment behavior
The Credit Card That Grows With You
BrightWay® is designed specifically for people who want to build or rebuild their credit. Get rewarded for paying on time and watch your credit line grow as you demonstrate responsible credit usage.
💡 Unique Feature: BrightWay rewards you for positive payment behavior, helping you build credit while earning benefits—a win-win for your financial future.
Key Features
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Credit Building
Designed for those building or rebuilding credit. Responsible use is reported to major credit bureaus.
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On-Time Payment Rewards
Earn rewards when you make payments on time, encouraging positive financial habits.
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Credit Line Increases
Qualify for automatic credit line increases as you demonstrate responsible usage over time.
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Free Credit Monitoring
Access your credit score for free and track your progress toward better credit health.
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Mobile App Access
Manage your card, make payments, and track spending through our easy-to-use mobile app.
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Fraud Protection
Advanced security features protect you from unauthorized transactions and fraud.
✓ Who Should Apply: BrightWay is ideal for those with limited credit history, past credit challenges, or anyone looking to establish positive payment patterns while earning rewards.
How to Maximize Your Benefits
- Pay on time, every time: This is the single most important factor in building credit
- Keep balances low: Try to use less than 30% of your available credit
- Pay more than the minimum: Reduce interest charges and pay off your balance faster
- Monitor your credit score: Track your progress using our free credit monitoring tools
- Use regularly but responsibly: Regular, responsible use shows lenders you can manage credit
Optional Insurance & Protection
Add an extra layer of financial security to your loan
Protect Your Financial Commitment
Life is unpredictable. Our optional insurance products provide peace of mind by protecting you and your loan in case of unexpected life events. These products are completely optional and can be added at the time of your loan or canceled later if your needs change.
⚠️ Important: These insurance products are optional. You are not required to purchase them to obtain a loan. Consider your personal situation and existing coverage before adding optional insurance.
Available Protection Options
❤️
Life Insurance
If you pass away during the loan term, this insurance pays off your remaining loan balance, protecting your family from the financial burden.
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Disability Insurance
If you become disabled and unable to work, this coverage makes your monthly loan payments during the disability period (subject to terms and conditions).
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Involuntary Unemployment Insurance
If you lose your job through no fault of your own, this insurance helps make your loan payments while you search for new employment.
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GAP Coverage
For secured auto loans, GAP (Guaranteed Asset Protection) covers the difference between what you owe and your vehicle's actual value if it's totaled or stolen.
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Property Insurance
Protects collateral used to secure your loan against loss or damage from covered events like theft, fire, or accidents.
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Membership Plans
Access additional benefits and services that may include roadside assistance, credit monitoring, and financial wellness tools.
How Optional Insurance Works
💰 Cost: Insurance premiums are calculated based on your loan amount, term, and the coverage you select. The cost can be added to your loan amount or paid separately.
- Choose Your Coverage: Select which protections make sense for your situation
- Add to Your Loan: Premiums can be financed as part of your loan or paid upfront
- File Claims When Needed: If a covered event occurs, file a claim to activate your coverage
- Cancel Anytime: You can cancel optional insurance at any time and may receive a refund of unearned premiums
✓ When to Consider Insurance: Optional insurance may be valuable if you're the primary income earner, don't have adequate existing coverage, work in an industry with job instability, or simply want extra peace of mind.
📋 Important Disclosures: Insurance products have specific terms, conditions, exclusions, and limitations. Carefully review all policy documents before purchasing. Not all products are available in all states. If you financed insurance at loan origination, canceling it does not reduce your loan balance—you'll need to pay for the purchase price. Any credit insurance purchased will be canceled if you pay off your loan early.
Insurance FAQs
Do I have to buy insurance?
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No. All insurance products offered by OneMain Financial are completely optional. You can get a loan without purchasing any insurance. The decision is entirely yours based on your needs and circumstances.
Can I cancel my insurance later?
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Yes. You can cancel optional insurance at any time by contacting OneMain Financial. Depending on when you cancel and your state's regulations, you may be eligible for a refund of unearned premiums. However, the cancellation won't reduce your loan balance if you financed the insurance.
How much does insurance cost?
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Insurance costs vary based on your loan amount, term, and the specific coverage you select. Your loan specialist will provide clear pricing information for any insurance products you're considering, and it will be clearly disclosed in your loan documents.
What if I already have life or disability insurance?
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If you already have adequate coverage through other policies, you may not need additional insurance through your loan. Review your existing coverage with your insurance agent or financial advisor to determine if additional protection is necessary.