Personal loans can be a smart choice.

A personal loan from OneMain Financial can offer some important advantages over most credit cards. You'll get a fixed monthly payment that fits your budget and a clear date for when you should expect to pay off your loan. It's a smart first step that can help you reach your goals.

What are the benefits of a personal loan?

We offer loans that can help you consolidate debts, make home improvements and repairs, pay for a special occasion like a wedding or once-in-a-lifetime trip and pay medical bills, auto repairs and other unexpected expenses. Consider three benefits:

Get your money quickly. You can get your money as soon as the same day if approved by noon. *
There are no surprises. There are no hidden fees and no penalties for paying off your loan early.
You're building your financial future. When you make all your loan payments on time and pay off your loan as scheduled, you can help build your credit, an important step towards achieving your financial goals.
*Loan proceeds may be disbursed by check, Automated Clearing House (ACH) deposit, and/or a prepaid card. Prepaid card disbursements may not be available in all states. ACH disbursements can take approximately 1 to 2 business days depending on the time of loan closing. Prepaid card disbursements are available immediately upon activation of the prepaid card.

A personal loan can be a better solution than a credit card.

A credit card gives a specific line of credit to borrow against. Make a purchase and the amount of credit you have decreases. Make a payment and your available credit increases. Credit cards can be convenient, but there can be some disadvantages to using a credit card. Credit cards typically do not offer equal payments, which can make monthly budgeting more difficult.
With a OneMain Financial personal loan you have the same monthly payment amount, your fixed rate won't change and the term of your loan is set from the beginning. It can be a predictable alternative to the variable rates of most credit cards.

Meet Trent

Trent needs a new refrigerator, and it costs $1,600. He could charge it on his credit card. His other option is to pay for it with a personal loan. Here's how his two options are different.

Option 1: Credit Card

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Paying with a credit card:
Trent charges the refrigerator on his credit card. Because of his budget, he's only able to make the minimum payment each month, which means it may take him longer to pay off his debt than he originally anticipated. His minimum payment can also change each month, which can make it more difficult to plan his budget.

Option 2: Personal Loan

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Paying with a personal loan:

Before purchasing his new refrigerator, Trent applies for a personal loan through OneMain Financial. Because his loan has a fixed rate, he will make the same payment for a fixed period of time and he has a clear date for when he should expect to pay off his loan. That can make budget planning easier.

How much do you need to reach your goals?

Loan offers are subject to credit approval and other restrictions and requirements may apply. OneMain Financial loan proceeds cannot be used for college, university, or vocational expenses, including tuition, fees, and required equipment and supplies; for any business or commercial purpose; to purchase securities; or for gambling or illegal activities. The actual loan amount and rate you qualify for will depend on your ability to meet our credit criteria including credit history, income and debts.

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