OneMain Financial is a hybrid lending group, offering unsecured and secured personal loans. This lender requires applicants to complete an interview and can provide loans for a variety of purposes. The loans are often smaller than those offered by most lenders. Applicants must also show proof of income, residency, and identity. After determining eligibility, OneMain Financial will draft a formal contract detailing the loan terms and fees.
OneMain customers can make payments at the branch or by mail. They can also pay with cash, debit cards, government checks, and personal checks. OneMain also offers online and mobile account management. Applicants can access online account management using their name and account number, or the last four digits of their Social Security number. They can also download the OneMain mobile app from Google Play.
OneMain Financial has an A+ rating with the Better Business Bureau. While the company has received numerous complaints over the years, most have been related to unexpected fees and challenges with paying back the loan. In addition to the lowered credit score requirement, OneMain also accepts borrowers with a co-signer.
OneMain Financial loans are available in a wide range of amounts. The minimum amount is $1,500, while the maximum is $20,000. Applicants can choose from four term options ranging from 24 to 60 months.