![]() We found more than 20,000 5-star ratings for OneMain from clients who praised this lender for being fast, fair, and easy to work with, particularly giving kudos to the people working in the branches where the auto loans are finalized. You'll see that commitment and customer satisfaction reflected in reviews beyond the BBB site. That's a good sign when negative comments receive a prompt, professional reply, and it shows OneMain's commitment to their customers. ![]() On the other hand, OneMain Financial has an "A+" rating and accreditation from the BBB, and you can read for yourself the responses to those complaintsįrom company reps. We were a little surprised to see more than 700 on the BBB site alone, as well as over 1,300 customer reviews that were mostly negative. Just be sure to read your disclosure statement very carefully, and don't be afraid to shop around to get a lower rate.Īs a big corporation with a history spanning a century, OneMain can be expected to have its fair share of customer complaints. Term lengths range from 24, 36, 48 or 60 months. ![]() While your auto loan terms will vary, OneMain's published interest rates are really high, compared with some of the other companies in our review. You'll find your specific fees on the Loan Agreement and Disclosure Statement. Expect to pay a flat fee ranging from $25 to $400, or a percentage of your total loan ranging from 1% to 10%. Speaking of disclosure, OneMain Financial charges origination fees that also depend on where you live. That kind of information: many of their rivals also have requirements and limits, but you'll have a hard time finding them until you're well into the application process. But, we appreciate that this lender is upfront with That could be a problem if the whole reason you need an auto loan is to get a car, let alone a second car. OneMain will put a first lien on a car you already own: it has to be no more than 10 years old, meet certain value requirements, be titled in your name and have valid insurance. On the other end of the spectrum, unsecured loans have limits ranging from $7,500 to $14,000 in Florida, Iowa, Maine, Mississippi, North Carolina, New York, Texas and West Virginia.įor the largest loans, you'll be required to provide collateral to secure them. You've got minimum loan sizes ranging from $2,100 to $3,100 in Alabama, California, Georgia, Ohio and Virginia. Where you live may also impact the size of the auto loan you qualify for. This service a lot less convenient when compared with online-only auto loan providers. You also have to go to a OneMain branch in person, if you decide to accept their loan offer. Unfortunately, that may mean it's trial-and-error for you to determine if you live in one of the 6 states that isn't served by this company. So there's no risk to seeing what OneMain has available for your auto loan.Īlthough we didn't find this information stated explicitly in the site's fine print, OneMain only provides auto loans in 44 states (according to the Better Business Bureau). Checking for a pre-qualified offer won't affect your credit On the next page, you'll fill out the usual details: name, contact information and address, last four digits of your SSN (to verify your identity), monthly net income and source, and if you currently own a vehicle. Start by entering the desired loan amount and click on "Check For Offers". It's easy to see if you qualify to borrow money from OneMain. Their loan amounts range from $1,500 to $20,000, so you might be out of luck if you're hoping for a brand-new Porsche or Tesla and need an auto loan to do it. When it comes to financing, this company provides personal loans that can be used for whatever purpose you choose - including the purchase of a vehicle. OneMain Financial is a lender with a very long history - more than 100 years! They have in-person branches in 1,500+ locations throughout the country offering personalized service.
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