Having less-than-perfect credit can reduce your options when you need a personal loan, and sometimes you need a loan in an emergency or to cover other expenses. Fortunately, both OneMain and Reprise are willing to work with people with bad credit, although one lender may be less expensive.
Reprise Financial vs. OneMain Financial: A quick comparison
![]() Reprise Financial |
![]() OneMain Financial personal loans |
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Finder score | 3.4★★★★★ | 3.4★★★★★ |
APR | 9.99% to 36% | 18% to 35.99% |
Origination Fee | Up to 6% | 1% to 10% |
Loan amount | $2,500 to $25,000 | $1,500 to $20,000 |
Turnaround Time | As soon as one day | As soon as one hour |
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Available states | Not available in: Colorado, Connecticut, Hawaii, Iowa, Maine, Maryland, Massachusetts, Nevada, New Jersey, New York, South Dakota, Vermont, Washington, West Virginia | Not available in: Alaska, Arkansas, Connecticut, Massachusetts, Rhode Island, Vermont |
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Go to site | Go to site |
Reprise Financial vs. OneMain Financial: Which one’s better?
Both OneMain Financial and Reprise Financial offer secured and unsecured loans to borrowers with poor credit and have a number of other similarities. But Reprise Financial is a more affordable loan option because it has a lower starting rate and less expensive origination fees. It also has a slightly larger maximum loan amount. However, either lender could potentially be a good fit, depending on your situation.
When to consider Reprise Financial
Reprise might be the best fit in several situations.
- You have decent credit. Reprise rates start at 9.99%, whereas OneMain’s lowest rate is 18%, so if your credit isn’t the worst, you could get a better deal with Reprise Financial.
- You need a larger loan. OneMain’s loans top out at only $20,000, but Reprise offers loans up to $25,000 if you need to borrow a few thousand more.
- The potential for lower fees. Reprise origination fees could be up to 6% of your loan amount, which is less than the high-end 10% that OneMain might charge you depending on where you live, your credit score and other factors.
When to consider OneMain Financial
OneMain Financial could be the better move in these scenarios.
- You prefer an in-person experience. Reprise Financial is fully online, which isn’t ideal for everyone. But OneMain has over 1,300 branches across the country if you like the opportunity to talk to a loan officer face-to-face about your options.
- You’re self-employed. Reprise specifically states that it doesn’t accept self-employment earnings as a primary source of income. OneMain, however, appears to be open to any source of income, which is good news for gig workers and other self-employed individuals.
- You need a smaller loan. OneMain offers loans as small as $1,500 — as opposed to Reprise’s $2,500 minimum — making a better option for those who are looking for a smaller loan amount.
- Where you live. There are 14 states where you can’t get a loan from Reprise, whereas OneMain services all states except for six. Depending on where you live, Reprise may not even be an option.
The similarities
While Reprise Financial has lower rates, both lenders have identical ratings on both the Better Business Bureau (BBB) and Trustpilot, offer similar loan amounts and terms and accept borrowers with poor credit. They also each offer secured loans, which, in some cases, may also be a requirement to qualify for the loan.
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Alternatives to OneMain Financial and Reprise Financial
Consider these three alternatives for loans similar to OneMain and Reprise.
- Credible. Use the Credible personal loan marketplace to compare multiple loan options with one application.
- SoFi. For borrowers with good credit, SoFi has better rates and no fees.
- Avant. Avant may be a better option for self-employed borrowers with poor credit.
See how other lenders stack up
Check out these other side-by-side lender comparisons to help you find the best personal loan for your financial situation.
- Lightstream vs. SoFi
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- Prosper vs. LendingClub vs. Upstart
- SoFi vs. LendingClub
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- Upgrade vs. Upstart
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