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Reprise Financial vs. OneMain Financial: Which is Better?

OneMain Financial and Reprise Financial both accept poor credit, but one option may be better depending on your situation.

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By

Lacey Stark

Edited by

Megan B. Shepherd

Updated

Fact checked

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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
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OneMain Financial personal loans
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Finder score 3.4★★★★★ 3.4★★★★★
APR 9.99% to 36% 11.99% 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
Requirements
  • 18 and US resident, Employed or other source of income, Self-employed income can’t be the primary source, No more than 2 loans with Reprise in last 12 months
  • Established credit history, US citizen or permanent resident, Age of majority in your state
Ratings
  • A+ BBB rating
  • 4.7 out of 5 rating on Trustpilot
  • A- BBB rating
  • 4.7 out of 5 rating on Trustpilot
Available states Available in: Alabama, Alaska, Arizona, Arkansas, California, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Wisconsin, Wyoming Not available in: Alaska, Arkansas, Connecticut, Massachusetts, Rhode Island, Vermont
Pros
  • Funding within one business day after approval
  • Offers unsecured and secured loans
  • No hard credit check to prequalify
  • Apply with bad credit
  • Get funds as soon as tomorrow
  • Secured and unsecured options
Cons
  • Charges origination and other fees
  • Customers report inconsistent loan terms throughout the application process
  • High APR for a personal loan
  • May require collateral
  • High origination, returned payment and late fees
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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.

Compare other personal loans

Compare up to four lenders side-by-side to see how they measure up.

5 of 5 results
Updated regularly
Finder Score APR Min. credit score Loan amount
Finder score
9 Excellent
7.74%–35.49% with autopay and member discounts (0.25% each)
680
$5,000 to $100,000
A highly-rated lender with competitive rates, high loan amounts and no required fees.
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Finder score
9.3 Excellent
6.20%–35.99% (includes any origination fee)
300
$1,000 to $75,000
This service looks beyond your credit score to get you a competitive-rate personal loan.
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Compare product selection
Finder score
8.5 Great
6.99% to 35.99%
640
$2,000 to $100,000
Fast and easy personal loan application process. See options first without affecting your credit score.
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Lightstream logo
Finder score
9.5 Excellent
LightStream personal loans
Finder score
9.5 Excellent
Varies by loan purpose
Good to excellent credit
$5,000 to $100,000
Borrow up to $100,000 with low rates and no fees.
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Bankrate logo
Finder score
8.2 Great
Upgrade personal loans
Finder score
8.2 Great
7.74% to 35.99%
580
$1,000 to $50,000
Check your rates with this online lender without impacting your credit score.
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What is the Finder Score?

The Finder Score crunches 6+ types of personal loans across 50+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.

Read the full breakdown

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.

Megan B. Shepherd's headshot
To make sure you get accurate and helpful information, this guide has been edited by Megan B. Shepherd as part of our fact-checking process.
Lacey Stark's headshot
Written by

Writer

Lacey Stark is a freelance personal finance writer for Finder, specializing in banking, loans, investing, estate planning, and more. She has 20 years of experience writing and editing for magazines, newspapers, and online publications. A word nerd from childhood, Lacey officially got her start reporting on live sporting events and moved on to cover topics such as construction, technology, and travel before finding her niche in personal finance. Originally from New England, she received her bachelor’s degree from the University of Denver and completed a postgraduate journalism program at Metropolitan State University also in Denver. She currently lives in Chicagoland with her dog Chunk and likes to read and play golf. See full bio

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