← Reviews · Higher-cost installment
Higher-cost installment
OneMain Financial
OneMain serves fair-credit borrowers with branch support, secured options, and full Truth-in-Lending disclosures.
Typical amount
$1,500–$30,000
APR range
11.99%–35.99%
Term
24–60 months
Fees
Origination / insurance optional
Overview
OneMain is a branch-based installment lender for borrowers often declined by prime online apps. Fixed payments and disclosed APR—optional insurance add-ons can raise total cost.
How it works
Start online; you may finish at a branch. Secured loans can change terms. Decline optional credit insurance if you do not want it.
APR and fees
Read total of payments before signing. Mid-teens to high-thirties APR is common; fees and insurance stack on top.
Eligibility
Income proof and collateral may help approval. Try a credit union PAL or member loan first when available.
Who it fits
Good fit: Fair credit needing in-person support and a fixed schedule. Skip if: you qualify for prime rates elsewhere.
Pros and cons
Pros
- Branch support
- May approve declined prime files
- Secured options in some markets
Cons
- High APR and fees for many profiles
- Optional insurance add-ons
Compare in this lane
Common questions
Secured loans?
Offered in many markets—understand repossession risk before pledging collateral.
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