Personal Loan Review🆘 Best for Bad Credit

OneMain Financial Personal Loan

OneMain Financial

APR 11.99%–35.99% on loans from $1,500 to $30,000.

At a Glance

APR Range

11.99%–35.99%

Loan Amount

$1,500–$30,000

Term Length

24–60 months

Min. Credit Score

0

Origination Fee

1–10% (or flat fee by state)

Funding Time

Same day or next business day

Rates & Fees

APR Range

11.99%–35.99%

Origination Fee

1–10% (or flat fee by state)

Prepayment Penalty

None

Late Fee

Varies by state, typically $5–$30

Funding Time

Same day or next business day

Key Features

No minimum credit score — will consider all credit types

Secured loan option can lower your rate significantly

In-person branch network across the US for face-to-face service

Pros & Cons

Pros

  • Accessible to bad credit and no-credit borrowers
  • Secured option with collateral
  • Physical branches for in-person help

Tradeoffs

  • Higher APRs than other lenders (min 18%)
  • Smaller max loan ($20k)
  • Origination fee required

How to Apply

Check your rate with OneMain Financial — most personal loan lenders let you pre-qualify with a soft credit check that doesn't affect your credit score.

Compare the estimated APR, term, and monthly payment against at least one other lender before committing.

Gather proof of income, identification, and bank account details for the formal application.

Submit the full application directly on OneMain Financial's site; approval typically requires a hard credit inquiry.

If approved, review the final loan agreement for the origination fee and funding time (same day or next business day) before signing.

How It Compares

Current product highlighted
ProductAPR RangeLoan AmountOrigination Fee
OneMain Financial Personal Loan11.99%–35.99%$1,500–$30,0001–10% (or flat fee by state)
LightStream Personal Loan7.24%–24.89%$5,000–$100,000None
SoFi Personal Loan6.99%–35.49%$5,000–$100,000None (optional fee for lower rate)
LendingClub Personal Loan5.96%–35.96%$1,000–$75,0000–8%

Rates and terms shown are illustrative as of 2026 and vary based on creditworthiness, income, and loan amount — always confirm current terms directly with the lender.

Compare all personal loans