6 sites like OneMain Financial

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

• For a limited credit history: Upstart
• For a quick turnaround: Upgrade
• For self-employed borrowers: Avant
• For borrowers with a biweekly paycheck: LendingPoint
• For bad credit: Integra Credit
• For borrowers with a high DTI: Prosper

Alternative for a limited credit history

Upstart personal loans

4.2 / 5 ★★★★★

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• Overview
• Pros & Cons
• More Details

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: West Virginia

Pros

• Uses alternative data to help you get a lower rate
• Loans start at $1,000
• Most loans funded in one day

Cons

• Origination fee as high as 12%
• Not all states accept 300 credit scores
• Limited to 36- or 60-month terms

Loan amount	$1,000 to $50,000
APR	6.40% to 35.99%
Interest Rate Type	Fixed
Min. credit score	300
Turnaround Time	As soon as one business day
Maximum Loan Term	5 years
Minimum Loan Term	3 years

APR	6.40% to 35.99%
Min. credit score	300
Loan amount	$1,000 to $50,000

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Alternative for quick turnaround

Upgrade personal loans

4 / 5 ★★★★★

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• Overview
• Pros & Cons
• More Details

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

Partner terms and conditions

Personal loans made through Upgrade feature APRs of 5.94%-35.97%. All personal loans have a 2.9% to 8% 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/.

Pros

• Online application
• Quick approval process
• No early payoff fees
• Coapplicants accepted
• Bitcoin reward program
• Credit line products as well

Cons

• Origination fee can reach 9.99%
• APR can be as high as 35.99%
• High DTI ratio requirement

Loan amount	$1,000 to $50,000
APR	8.49% to 35.99%
Interest Rate Type	Fixed
Min. credit score	620
Turnaround Time	1 to 4 business days
Maximum Loan Term	7 years
Minimum Loan Term	2 years

APR	8.49% to 35.99%
Min. credit score	620
Loan amount	$1,000 to $50,000

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Alternative for self-employed borrowers

Avant personal loans

3.4 / 5 ★★★★★

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• Overview
• Pros & Cons
• More Details

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

Partner terms and conditions

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.

Pros

• Accepts self-employed applicants
• Fair credit OK
• Check rates without

Cons

• Administrative fee of 4.75%
• Recently settled FTC lawsuit
• Not available in every state

Loan amount	$2,000 to $35,000
APR	9.95% to 35.99%
Interest Rate Type	Fixed
Min. credit score	580
Turnaround Time	As soon as the next business day
Maximum Loan Term	5 years
Minimum Loan Term	2 years

APR	9.95% to 35.99%
Min. credit score	580
Loan amount	$2,000 to $35,000

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Alternative for borrowers with a biweekly paycheck

LendingPoint personal loans

3.3 / 5 ★★★★★

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• Overview
• Pros & Cons
• More Details

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

Pros

• Repayments line up with biweekly paycheck
• Accepts fair credit

Cons

• Must be at current job for a year
• Origination fee as high as 8%

Loan amount	$2,000 to $36,500
APR	7.99% to 35.99%
Interest Rate Type	Fixed
Min. credit score	620
Turnaround Time	As soon as 1 business day
Maximum Loan Term	5 years
Minimum Loan Term	2 years

APR	7.99% to 35.99%
Min. credit score	620
Loan amount	$2,000 to $36,500

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Alternative for bad credit

Integra Credit installment loans

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• Overview
• Pros & Cons
• More Details

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

Pros

• Online lender
• Accepts bad credit
• No prepayment penalties

Cons

• High APRs
• High monthly cost
• No loans over $3,000

Loan amount	$500 - $3,000
Interest rate type	Fixed
Loan Term	6 months to 2 years

Loan amount	$500 - $3,000

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Alternative for borrowers with high DTI ratios

Prosper personal loans

3.4 / 5 ★★★★★

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• Overview
• Pros & Cons
• More Details

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 2.41% to 5%.

• Not available in: Iowa, North Dakota, West Virginia

Pros

• Offers loans up to $50,000
• Competitive interest starting at 6.99%
• Accepts debt-to-income ratio of 50%

Cons

• Long turnaround of at least four days
• Origination fee between 2.41% to 5%
• Requires credit score of 640+

Loan amount	$2,000 to $50,000
APR	6.99% to 35.99%
Interest Rate Type	Fixed
Min. credit score	640
Turnaround Time	Up to 14 business days
Maximum Loan Term	5 years
Minimum Loan Term	3 years

APR	6.99% to 35.99%
Min. credit score	640
Loan amount	$2,000 to $50,000

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How does OneMain Financial compare?

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.

Read our review to learn more about how OneMain works. Or compare our picks for the best bad credit loans available today for even more options.

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Editor's choice

Upstart personal loans

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