CLEARBORROW · PUBLISHED NOVEMBER 12, 2026
OneMain Financial review: APR, fees and secured loans
OneMain Financial makes personal loans of $1,500 to $35,000 at 11.99% to 35.99% APR over 24 to 60 months, secured or unsecured, with branches as well as online applications. It charges an origination fee that depends on your state: a flat $25–$500 or 1%–10% of the loan. Its published example is $6,000 at 24.99% APR for 60 months — $176.07 a month.
Independent review. OneMain Financial is not a ClearBorrow partner and we earn nothing from it. Facts come from OneMain Financial’s own published pages, checked November 12, 2026; we did not apply for a loan. Terms differ by state.
On this page
Published terms
| Published terms | |
|---|---|
| Amounts | $1,500–$35,000; state caps include NC $11,000, ME $7,000, WV $13,500; AL minimum $2,100 |
| APR | 11.99%–35.99% fixed; generally higher on loans not secured by a vehicle |
| Term | 24, 36, 48 or 60 months |
| Fees | Origination fee: flat $25–$500 or 1%–10% of the loan, by state |
| Collateral | Larger amounts need a first lien on a vehicle no more than ten years old, titled to you and insured |
Sources: OneMain personal loans ↗, loan fees by state ↗.
What it costs
| OneMain’s published example | Figure |
|---|---|
| Loan | $6,000 at 24.99% APR, 60 months |
| Monthly payment | $176.07 |
| Total of payments | $10,564.20 (our arithmetic) |
OneMain says this example is based on an average customer with good credit (OneMain ↗). The origination fee is usually financed into the loan, so you pay interest on it.
Strengths and weaknesses
| Strengths | Weaknesses |
|---|---|
| Secured option can raise approval odds or lower the rate | A secured loan puts your car at risk if you fall behind |
| Branch network for in-person help | Origination fee up to 10% in some states |
| Funds as soon as one hour after signing, per OneMain | Lowest APR of 11.99% is high for strong credit |
Who it may fit
Borrowers with fair or limited credit who want in-person service, or who own a newer car and accept the risk of using it as collateral. Compare an unsecured offer first.
Alternatives to compare
- Credit union loans and PALs — often the cheapest option if you are a member.
- Best Egg, SoFi and LendingClub for good credit.
- Upstart, Upgrade, Avant and OneMain for fair credit.
- Our loan calculator to compare total repayment.
See also why title loans cost far more than a vehicle-secured installment loan.
Questions
Does OneMain require collateral?
Not always. It offers unsecured and secured loans; larger amounts require a vehicle lien.
Is the origination fee refundable?
OneMain discloses it as a prepaid finance charge on page one of the agreement; check your state’s agreement for refund rules.
Can I get more than $35,000?
OneMain’s published range tops out at $35,000, and some states cap it lower.
Sources and limits
- OneMain Financial: personal loans (amounts, APR, terms, secured loans) ↗
- OneMain Financial: loan amounts and fees by state ↗
- OneMain Financial: loan uses (published $6,000 example) ↗
Sources checked November 12, 2026. Lenders change rates, amounts and state coverage; confirm on the lender’s own rates page for your state before applying. Worked examples are our own arithmetic unless marked as the lender’s published example. How we use sources.