OneMain Financial offers secured and unsecured loans to borrowers and carries no strict credit score requirement. Its loans start at a low $1,500, which can be available as soon as the same day you apply. It also has high rates starting at a high 18%, including an origination fee as high as 10%.
It has locations in 44 states and offers online applications — but to fully apply, you may need to visit a brick and mortar. If there’s not a OneMain Financial location near you, or you’re in search of a lender offering lower costs for various lending situations, we’ve gathered a list of top-pick alternatives.
Our 6 top picks for companies similar to OneMain Financial
Upstart looks at factors like your career and level of education to help borrowers with fair credit qualify for a better rate than they might find elsewhere. This makes it a good choice if you have fewer than three years of credit history. But that credit history shouldn’t have minimal negative marks — you still need a credit score of 300 or 600, depending on where you live. It also charges a relatively high origination fee of up to 12%.
Not available in: Iowa, West Virginia
Pros
Uses alternative data to help you get a lower rate
Upgrade is known for its quick turnaround and fast application process. The application can be done online, and in some cases, you could get a loan approval and the funds within one day. There are no penalty fees for paying off the loan early, but there is an origination fee between 1.85% to 9.99%, and APRs (factoring in the origination fee) that range from 8.49% to 35.99%. Loan amounts can be between $1,000 and $50,000
Not available in: Colorado, Iowa, Maryland, Vermont, West Virginia
Personal loans made through Upgrade feature APRs of 5.94%-35.97%. All personal loans have a 2.9% to 9.99% origination fee, which is deducted from the loan proceeds. Lowest rates require Autopay and paying off a portion of existing debt directly. Loans feature repayment terms of 24 to 84 months. For example, if you receive a $10,000 loan with a 36-month term and a 17.98% APR (which includes a 14.32% yearly interest rate and a 5% one-time origination fee), you would receive $9,500 in your account and would have a required monthly payment of $343.33. Over the life of the loan, your payments would total $12,359.97. The APR on your loan may be higher or lower and your loan offers may not have multiple term lengths available. Actual rate depends on credit score, credit usage history, loan term, and other factors. Late payments or subsequent charges and fees may increase the cost of your fixed rate loan. There is no fee or penalty for repaying a loan early. Personal loans issued by Upgrade's lending partners. Information on Upgrade's lending partners can be found at https://www.upgrade.com/lending-partners/.
Avant is one of the few lenders that makes it easy to apply if you work for yourself — most providers want to see your most recent pay stub. It also accepts credit scores as low as 580 and allows you to check your rates without impacting your credit. But while its rates start lower than what you’ll find at OneMain, they’re still higher than you’ll find with lenders with higher credit requirements.
Not available in: Colorado, Hawaii, Iowa, Nevada, New York, Vermont, West Virginia
Personal loans from $2,000–$35,000. If approved, the actual loan amount, term, and APR that a customer qualifies for may vary based on credit determination and other factors. Avant branded credit products are issued by WebBank, member FDIC.
LendingPoint charges repayments every 28 days, rather than every month. This makes it easier to line up your repayments with your paycheck if you get paid every two weeks. It also accepts credit scores as low as 620. But it charges a relatively high origination fee of up to 8% compared to other providers. And you have to be at your current job for at least a year to qualify.
Not available in: Colorado, Connecticut, Idaho, Maine, Maryland, Massachusetts, Nevada, New Hampshire, New York, Vermont, West Virginia, Wisconsin, Wyoming
Integra Credit is an online lender that specializes in bad credit financing. It offers small-dollar installment loans from $500 to $3,000 with short terms from 6 to 24 months. Unfortunately, like most bad credit options, it's much more expensive than OneMain Financial, with rates starting at 99% and going as high as 299%. There's no prepayment penalty, and the shorter terms mean that the total cost of the loan may be comparable to borrowing from OneMain Financial. But it will have a higher monthly cost, which can make a noticeable difference in your budget. It also isn't available in all states — check to make sure you're eligible before you apply.
Only available in: Alabama, California, Delaware, Idaho, Missouri, New Mexico, South Carolina, Utah, Wisconsin
Prosper offers lower rates than OneMain Financial if you've got good credit (above 640). For borrowers with lots of debt or a high debt-to-income (DTI) ratio, Prosper can allow for a DTI as high as 50%. You can use the loan to consolidate your debt, start a business, improve your home and more. However, there's a chance you could be stuck with an origination fee between 1% to 7.99%.
Not available in: Iowa, North Dakota, West Virginia
OneMain Financial is more flexible with credit histories and credit scores than other personal lenders and, as such, is known as one of the only providers that can work with bad credit borrowers.
If you qualify, there are secured and unsecured lending options, but the origination fee is pretty high. But it’s less expensive than other bad credit options and could spell savings if you use it to consolidate high-interest debt. If you have good credit, it’s likely to can find a more affordable lender.
Anna Serio was a lead editor at Finder, specializing in consumer and business financing. A trusted lending expert and former certified commercial loan officer, Anna's written and edited more than 1,000 articles on Finder to help Americans strengthen their financial literacy. Her expertise and analysis on personal, student, business and car loans has been featured in publications like Business Insider, CNBC and Nasdaq, and has appeared on NBC and KADN. Anna holds an MA in Middle Eastern studies from the American University of Beirut and a BA in Creative Writing from Macaulay Honors College at Hunter College, CUNY. See full bio
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Currently have a loan with one main finacial owe $ 7000 have a vehicle as partial collateral, need more money around $3500 who can help me or refinance
DanielleOctober 25, 2017
Hi Jaime,
Thank you for contacting finder. We are a comparison website and general information service, we’re more than happy to offer general advice.
You may refer to the list of options to see which may suit your needs. You may review and compare the offers available and once you have selected one, you may proceed by clicking the green “Go to Site” button.
I hope this helps.
Cheers,
Danielle
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Currently have a loan with one main finacial owe $ 7000 have a vehicle as partial collateral, need more money around $3500 who can help me or refinance
Hi Jaime,
Thank you for contacting finder. We are a comparison website and general information service, we’re more than happy to offer general advice.
You may refer to the list of options to see which may suit your needs. You may review and compare the offers available and once you have selected one, you may proceed by clicking the green “Go to Site” button.
I hope this helps.
Cheers,
Danielle