OneMain Financial Personal Loans Reviews

4.4 out of 5 stars
1524 Reviews

From Borrowers in the last year

ADDITIONAL RATINGS YOU MIGHT FIND HELPFUL

Application Process

4 out of 5 stars

Customer Service

4 out of 5 stars

4.5 5

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Most Helpful Positive Review

Jun 19, 2018
Fast and easily process
Urhiness415 Borrower

Applied for a 5k personal loan for debt consolidation because I seen on CK that the odds where above excellent. My credit was about 615 since running it a bunch of times to get a car. So I was shooting for the stars with this one. So, I put in my info and they approved me in like 30 seconds. They gave me the option of two loans one 9k secures with a car title as colladaral or a 6k unsecured loan with just proof of income and residency. I submitted a pdf of my check stub and ID and was scheduled for a meeting in store the very next day. Although still skeptical, I went anyway. Before arriving I made sure I had all paper work they needed to make this transition go as smoothly as possible. They said all I needed was a checking information that had my account number and actual name on it. I don’t use checks so I asked if I could print out something from my only banking and they approved me to do so. Once I went over apr and length of term the rep gave me a few payment options. I could either receive the money in my account by the next day in full or they could sum up all the bills that I have and pay them off personally. I of course opted for the lump sum deposited into my account. I also was offered insurance on the loan. One for just Incase I lost my job and one just Incase I die. I think that was great especially for no more that $10 more on the loan. After signing the papers I was out the door and not even 24hrs later ... I had a $6k deposited with no hassle. EASY BREEZY. 

CONS 

-term is a long term (over 2 years) 

-APR RATE is high for bad credit (over 15%) 

-if you fulfill the full term you will ultimately end up paying back double of what you borrowed :-(

PROS

-Early pay offs with no penalties 

-Early pay offs avoid paying double of what you borrrowed 

-Early pay offs gets you cash back 

-can pay to the principal and to get APR. 

-get insurance on loan for any misshaps 

-get money to bank account in under 24hrs 

-APR rate is high but still lower than a lot of credit cards. 

-reports to all 3 credit bureaus 

-monthly is affordable 

-monthly payment can be structured how ever you want them to. 

So in the end you have to weight the pros and cons to determine if it’s worth it for you. 

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Most Helpful Negative Review

Nov 16, 2018
Loan sharks
pyjones123 Borrower

My parents were in their eighties I had no idea they had taken out loans with this company when my father died I learned the truth of everything my father had taken out a $4000 loan when my father tried to pay the loan off early the company would call my father and tell him don't do that it's OK just make your regular monthly payment when my father died I found out that he owed these people over $12000 from a $4000 loan I took over the loan and I just began to pay them they call my mother and was very rude to her and asked her why are you wasting your money you can save this just pay the regular payment I end up paying off the loan I called them and told them that they should be ashamed of themselves that they took advantage of individuals in their eighties they had even threaten to garnish my mother's social security and my father's pension which they cannot do and then they even threatened to put a lien on my mother's home these people are evil and they are loan sharks everyone then gives them a good rating is usually because they have bad credit and they have no other options but in a few months when you see you over $10000 on a 4 or 5000 loan you will see the evil in these individuals all they need is a mafia label and a gun.

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These reviews were written by current and former borrowers in the last year.

Apr 24, 2019
easy proccess
gr8zx14 Borrower

If you need it try they will make it happen

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Apr 23, 2019
Great atendant! Lovely team work and fas
abseth16 Borrower

We make business againg,soon

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Apr 23, 2019
Quick, efficient, professional
HDemarco Borrower

Quick, friendly service! Application process was effortless and $ was in my account the very next day!

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Apr 23, 2019
Good rates for bad credit.
Shawnp338 Borrower

Employees who helped me were very friendly and helpful.

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1 Reply
Apr 24, 2019

what was your credit score

 
Apr 22, 2019
High Interest, low quality CSR's,
Grewvin Borrower

I made the mistake of taking a small loan to fix a car, at the time my credit was in bad shape because of the utilization ratio of my credit cards. Needless to say the interest rates are staggering, but being between a hard place and a rock I paid +20% to get my car fixed asap. I paid the loan off early but not to my surprise the interest is blanketed, in other words no matter how fast you pay it off your paying the full amount of interest, when trying to talk to them about lowering the interest rates prior to accepting the loan they would not budge. They also do not report to all credit agencies so if you are looking to improve your equifax scores skip this company. 

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Apr 21, 2019
bad
tnwildman Borrower

this place is a joke they treat me like garbage customers service was crapy 

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Apr 19, 2019
Great loan
erichenry31 Borrower

Make sure you understand what you are signing and don't get tricked into buying add insurances that you don't need on the loan. Cause in the long run will end up paying back almost dubble of what the loan is tuely is.

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Apr 17, 2019
helped with improving my credit score

Am feeling less stressed due to being able to consolidate my bills which also helped to positively impact my credit score.  Can't say enough about the great custormer service and the overall easy process with obtaining a loan with One Main Financial.  Truly a great company to do business with.

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**Annual Percentage Rates, terms of loan, and monthly payments presented are estimated and were created based on analysis of information provided by the consumer and available rate information from lenders. While efforts have been made to maintain accurate information, the loan information is presented without warranty and the estimated APR or other terms presented do not bind any lender. Lenders generally have a range of available APRs (for example, a lender’s range might be 2% to 12%) and only borrowers with excellent credit will qualify for the lowest rate available. Your actual APR will depend upon factors evaluated at the time of application, which may include credit score, loan amount, loan term, vehicle information, credit usage and history. All loans are subject to credit review and approval. Additionally, model year, loan-to-value, minimum loan balance mileage, income, debt, etc. restrictions may apply. When evaluating offers, please review the lender’s Terms and Conditions for additional details.