OneMain Financial

Our mobile app is designed for customers to manage their existing loans and apply for refinancing. However, it cannot be used to submit new loan applications. It's important to note that deleting the app from a device does not close or delete a OneMain loan account. As a regulated lender and financial institution, we are required to retain certain records under applicable law.

Our personal loans have a minimum repayment period of 24 months and a maximum of 60 months. The maximum Annual Percentage Rate (APR) for a personal loan is 35.99%. The minimum loan amount offered is $1,500 and the maximum is $20,000.

It's important to understand that not all applicants will qualify for larger loans or the most favorable loan terms. Larger loans require a first lien on a motor vehicle that is no more than 10 years old, meets our value requirements, and is titled in your name with valid insurance. Approval and actual loan terms depend on your state of residence and your ability to meet our credit standards, including a responsible credit history, sufficient income after monthly expenses, and availability of collateral. APRs are generally higher on loans that are not secured by a vehicle. Highly qualified applicants may be offered higher loan amounts and/or lower APRs. It's also important to note that loan proceeds cannot be used for post-secondary education expenses, business or commercial purposes, buying crypto or other speculative investments, gambling, or illegal purposes. Additionally, active-duty military, their spouse, or dependents covered by the Military Lending Act may not pledge a vehicle as collateral.

Borrowers in certain states are subject to minimum and maximum loan sizes. For example, in Alabama, the minimum loan size is $2,100, while in North Carolina, the maximum loan size is $11,000 for unsecured loans to all customers and $11,000 for secured loans to present customers. It's important to check the specific loan sizes for your state before applying.

We do charge loan origination fees, which vary depending on the state where you open the loan. In some states, there may be no origination fee, while in others, it may be a flat amount or a percentage of the loan amount. Flat fees can range from $25 to $500, while percentage-based fees can range from 1% to 10% of the loan, subject to certain state amount limits.

As an example, a principal amount of $6,000 at an APR of 24.99% over 60 months would result in a monthly payment of $176.07. This includes any financed origination fees. The total amount paid for this loan, including principal, interest, and financed fees, would be $10,564.20. It's important to note that this is just an example and actual loan terms will depend on your credit profile, including credit history, income, debts, and for secured loans, your ability to provide collateral.

When refinancing or consolidating existing debt, it's important to consider that the total finance charges over the life of the new loan may be more than your current debt. This is because the interest rate may be higher and/or the loan term may be longer. It's also important to note that our loans include origination fees, which may reduce the amount of money available to pay off other debts.

OneMain Financial Group, LLC (NMLS# 1339418) is licensed in various states, including California, Pennsylvania, and Virginia. OneMain Mortgage Services, Inc. (NMLS# 931153) is also licensed in New York. For more information on our state licenses, please visit nmlsconsumeraccess.org and onemainfinancial.com/legal/disclosures.

If you need assistance with a screen reader, please call 800-290-7002. We strive to provide a user-friendly and accessible experience for all of our customers.