Ever heard about the One Main Financial before? This is a solid personal loan option for people who have fair or bad credit. It offers both secured and unsecured personal loans to eligible people who apply. While the APRs offered by the company of range 18% – 35.99% are high, they are yet much lower than what you will get with payday or other bad credit loan lenders.
The loan amounts range from $1,500 – $20,000, which is higher than many other competitors in the bad credit loan space. If you might be interested in knowing more about this platform, then read this article carefully.
One Main Financial
OneMain Financial offers secured loans to people and permits co-applicants, making it a good option for people with poor credit or no credit at all. As its APRs are higher than you may find with other lenders, it also charges high origination and late fees to loaners.
With over 2 million customers, this platform is one of the largest installment loan lenders in the United States. It headquarters is in Evansville, Indiana, but there are other branches in 44 states. According to the company report, nearly 89% of Americans live within 25 miles of the company’s sub branch.
Features of OneMain Financial
If you ever want to get involved in this platform, then below are the features and services they offer:
- Secured loans available
- Co-applicants allowed
- Quick loan disbursement
- Seven-day cancellation policy
- Certain minimums apply in some states
Some states have special loam amounts they can apply for which is higher than the default $1,500. If an applicant has less than stellar credit, then adding a co-applicant can help to improve their odds of getting approved for a loan. Immediately your loan application is approved, the funds will be disbursed to you as fast as one business day.
If you might for some reasons change your mind after taking a loan, you can take advantage of the lender’s seven-day cancellation policy to return the funds without being charged.
Types of Personal Loans
The company issues both secured and unsecured personal loans to applicants. There is no option on which kind of loan you can apply for. Rather, it uses the information you provide on your application to determine your eligibility and what type of loan can be offered to you. Depending on your credit score and the loan amount requested, you may be required to provide some form of property as collateral to secure a loan.
OneMain Financial Collateral Requirements
Collateral may include the following:
If you are asked to provide collateral for your loan, the collateral will be checked and valued before your loan can be approved. Also, applicant must provide insurance for the collateral. And in the event of loan default, the collateral will be seized.
One Main Financial Login
To login to your online account, follow the step below:
- Visit the website https://www.onemainfinancial.com/log-in
- Enter your email and password
- Click on LOG IN
Need to Create your Online Loan Account
If you don’t have an account, then create one by:
- Go to the website at https://www.onemainfinancial.com/enrollments/new-account
- Fill in your first name, last name, account number, last 4-digits of SSN, and zip
- Click on CREATE ONLINE ACCOUNT
This process can also be used to make a payment without an online account. All you have to do is fill the boxes and click on the next option after the create online account.
OneMain Financial Personal Loan Application – onemainfinancial.com/apply
To qualify for loan application, applicant must be of the age 18 years old or older. You will be asked for a copy of a government-issued ID, proof of residence, and proof of income as well. Other required information to be possessed by the applicant include:
- Desired loan amount
- Name and physical address
- Email address
- Phone number
- Date of birth
- Last 4 numbers of Social Security number
- Vehicle ownership status
- Monthly net income
- Source of income
- Review and acknowledgement of various disclosures
Now to APPLY:
- Go to the website https://www.onemainfinancial.com/apply
- Provide the desired loan amount, select a loan purpose, and answer if you own a vehicle
- Select either applying for the loan individually or with a co-applicant
- Fill in your name, home address, email, phone number, date of birth, SSN, monthly net income, and source of income
- Confirm the other checkbox
- Click on SUBMIT LOAN APPLICATION
One Main Financial Locations – One Main Financial Near Me
To check for locations of the branches, you can use this tool https://www.onemainfinancial.com/branches.
One Main Financial Customer Service – One Main Financial Phone Number
The customer service department is available in person, via phone, and email contact form. Customer support can be contacted on Monday through Friday from 7:00 a.m. until 7:00 p.m. CST. The phone lines are not available during weekends. To contact a customer service, you can call 800-290-7002 or use the search tool https://www.onemainfinancial.com/branches to find a branch near you.