Best Loans like One Main will be discussed in this article. OneMain Financial is a personal loan for those who desire various options regarding the length of the payback period. There is no set minimum credit score, and your credit score is not used to decide your loan terms. The option to use collateral to secure your loan is One Main Loan’s strongest feature.
However, if you’re looking for other loan options, here we’ll discuss 11 applications that offer loans like One Main with no credit checks and quick loan approvals. To find the ideal loan choice for you, read the entire article.
By the end of the article, you will get to know about the keynotes, term amount, term duration details etc., from the 11 loans option like One Main in detail.
Top 11 Best Loans like One Main In 2023
In this article, you can know about Loans like One Main here are the details below;
1. SoFi
Unsecured personal loans are available through SoFi in every state. It is an ideal option for those who have good credit ratings due to the minimal credit checks. It’s also an excellent option if you require a sizable loan—up to $100,000.
SoFi Loans allow you to spend your money on medical operations, house renovations, relocation aid, and credit card consolidation. However, their loans cannot be used for things like real estate, investments, or education.
Key Highlights
- Prequalification with soft credit check.
- High loan amounts and lengthy terms.
- It will pause your payments for up to three months if you become unemployed.
- It offers many member benefits, including referral bonuses and rate discounts.
- You are not charged late fees on late repayments with SoFi Loans.
- You can change your payment dates according to your capabilities.
Minimum Credit Score
650
Interest Rate
8.99% to 25.81%
Loan Amount
$5000 to $100,000
Time to Fund after Approval
Same-day funding
Fees
No requires fees
Repayment Terms
2 to 7 years
2. LendingTree
If you have a minimal credit score, LendingTree is an excellent comparison service for people with bad to fair credit. It is an online lending marketplace that streamlines the process of comparing rates and fees from various businesses without requiring applicants to submit numerous separate applications.
Regardless of whether your credit is fair or exceptional, it can put you in touch with lenders for personal, auto, or home equity loans. It also provides several tools for managing your finances, including a budget tracker and a calculator for monthly payments if you register.
Key Highlights
- All states have to offer LendingTree’s services.
- It doesn’t affect your credit score when you check your rate.
- Compare multiple companies at once
- Offers plenty of financial education resources
Minimum Credit Score
600
Interest Rate
2.49% to 35.99%
Loan Amount
$1000 to $50,000
Time to Fund after Approval
One day
Fees
Loan origination fee of 0% – 3%
You may incur late payment fees
Most lenders don’t charge prepayment fees
Repayment Terms
1 to 5 years
3. Upstart
Upstart is somewhat different from the other companies because it’s a peer-to-peer lender. It considers things like work history, credit history, employment account, & education. To be qualified for a loan, you typically require a credit score of around 300, though you can still be supported even with a short credit history.
If you receive the loan by 5 p.m. EST on Monday through Friday, you’ll obtain your money the next business day. With a lower recognition score, you can be authorized for the loan but charged a higher interest rate. It can run a light credit check if you like to know your APR before you apply.
Key Highlights
- It will accept candidates who lack a credit score and have a short credit history.
- Utilizes other data to assist in obtaining a lower rate.
- Checking your rate won’t have an impact on your credit score.
- It gives you the option to select your payment dates.
Minimum Credit Score
300
Interest Rate
4.60% to 35.99%
Loan Amount
$1,000 to $50,000
Time to Fund after Approval
Next day
Fees
Origination fee-0% to 8% of the target amount
Late fee- 5% of the last amount due or $15, whichever is greater
Insufficient funds fee of $15
Paper documents fee of $10
There are no prepayment fees
Repayment Terms
3 to 5 years
4. LendingClub
With the help of the online financial service LendingClub, you can choose loans suitable for your needs. If you want to consolidate your debt, it offers speedy cash and the chance to pay your creditors directly.
Additionally, it offers loans for credit card consolidation, debt consolidation, balance transfers, and home improvements. Anyone with less-than-perfect credit can apply for a loan because it has a minimum credit score requirement of 600.
It is best suited for borrowers with a track record of on-time payments and established financial history because both its origination cost and APR are determined by credit score.
Key Highlights
- You might be able to apply with a co-borrower if you don’t get approved for a loan on your own.
- It offers third-party creditors direct payment.
- You can change the amount due date for your LendingClub personal loans if necessary.
- If you are paying late, you get a 15-day grace period.
Minimum Credit Score
600
Interest Rate
7.04% to 35.89%
Loan Amount
$1000 to $40,000
Time to Fund after Approval
Within one-days
Fees
Loan origination fee of 3% – 6%
You may incur late payment fees
There are no application fees
There are no prepayment fees
Repayment Terms
3 to 5 years
5. Opploans
OppLoans is one of the types of lenders who offer personal loans to you, even on bad credit or poor credit, for a shorter period. It is one of the payday loan types available to you. Unlike others, three credit bureaus will see your payments, which impacts your credit report.
Additionally, interest rates are higher than regular lenders but lower than payday lenders. There are no fees, and the platform makes lending decisions based on criteria other than your credit history.
Key Highlights
- It provides financial education with free public courses for you.
- According to your payment schedule, you may easily choose the repayment date.
- It provides quick cash for modest loans without doing a credit check.
- It makes loan approval decisions immediately.
Minimum Credit Score
No
Interest Rate
59.00% to 160.00%
Loan Amount
$500 to $4000
Time to Fund after Approval
Same-day funding is available
Fees
No origination or prepayment fees
Repayment Terms
9 to 18 months
6. Moneylion
MoneyLion is an excellent option if you’re looking for a location where you can take care of all of your financial needs in one location. Along with personal loans with reasonable rates and flexible payback schedules, it also offers credit-building options.
Your financial requirements could be satisfied here. It offers low-interest credit-builder loans, but you have to join, increasing the overall cost of the loan. With it, a portion of the loan funds are given to you in advance. And the remainder is placed in a credit reserve account that you can access after the loan term.
Key Highlights
- Reports prices to three major consumer credit bureaus.
- No hard credit inquiry is required.
- It provides credit monitoring services, which will check your credit rating every week.
- It offers lower interest rate loans, cash back advantages, and alternative investment opportunities.
- You can also pay off your loan early with no early payoff consequence fee.
Minimum Credit Score
None
Interest Rate
5.99% to 29.99%
Loan Amount
$500 to $1000
Time to Fund after Approval
Within three business days
Fees
No origination fees
Monthly membership fee-$19.99
Repayment Terms
12 months
7. Prosper
You can get personal loans with Prosper if your credit is fair or good. It is a peer-to-peer lender that provides personal loans with adaptable borrowing requirements. It connects you with investors and has less severe financing requirements than some conventional lenders.
Even though Prosper might be a suitable choice for you if you have fair credit, other lenders might charge cheaper fees and have lower APRs. If you have good credit, it offers lower rates than OneMain Financial.
Key Highlights
- Accepts co-applicants.
- Manage loans through a mobile app.
- Use its ‘Auto Invest’ tool to set up, review, and adjust your target portfolio allocations.
- Quick funding is available.
Minimum Credit Score
600
Interest Rate
6.99% to 35.99%
Loan Amount
$2000 to $50,000
Time to Fund after Approval
One business day
Fees
No prepayment penalties
Origination fee between 2.41% to 5%
Late fee of $15
Repayment Terms
3 to 5 years
8. MarinerFinance
Mariner Finance provides personal loans in 27 states. You can apply for a personal loan with a cosigner. Applying for a personal loan with a co-signer with favorable credit could help you get approved or get an interest rate reduction. The company also considers bankruptcy applicants, subject to underwriting standards.
Key Highlights
- There is no minimum credit score requirement.
- There is a wide range of secured and unsecured personal loans.
- Online prequalification with a light credit check is possible.
- Notifies the three credit bureaus about payments.
- You may return a loan free of charge within 15 days if you feel you no longer need it.
Minimum Credit Score
580
Interest Rate
18.99% to 35.99%
Loan Amount
$1,000 to $25,000.
Time to Fund after Approval
1 to 2 business days
Fees
Processing fee of $25
There are no loan origination fees
There are no prepayment fees
Repayment Terms
1 to 5 years
9. HappyMoney
HappyMoney is best for you with fair to good credit if you want to pay off existing credit card debt. It is not a good alternative for users who need to finance significant purchases or otherwise cover unexpected costs because the platform exclusively offers loans for credit card consolidation.
Many providers of personal loans permit you to use borrowed cash for various objectives. Unsecured personal loans for debt consolidation are HappyMoney’s area of expertise, hewever. Additionally, combining several credit card bills simplifies monthly payments and may lower total interest payments.
Key Highlights
- Loans for debt consolidation are eligible for APR reductions.
- Can pay creditors directly.
- Pre-qualification option is available.
- You may change their payment due date every 12 months.
- It gives you access to a website where you may monitor your progress and keep track of your payments.
- If a natural disaster has affected you, you might be eligible for financial aid from Happy Money.
Minimum Credit Score
550
Interest Rate
5.99% to 24.99%
Loan Amount
$5000 to $40,000
Time to Fund after Approval
In three to six business days
Fees
Loan origination fee of 0% – 5%
There are no late payment fees
There are no application fees
There are no prepayment fees
Repayment Terms
2 to 5 years
10. Possible Finance
Possible Finance is an online lending platform designed to help you with limited credit history borrow up to $500 through its mobile app or website. As an alternative to payday loans, it provides small personal loans.
Personal loans can be used to cover costs like debt reduction, medical expenses, and home improvement initiatives. Even if you have low credit, you might still potentially qualify for a loan if you use its smartphone app to submit your application. The APR on Possible’s loans, however, is much higher than what other personal loan providers charge.
Key Highlights
- Accessible to you with poor or no credit.
- Informs two of the three credit bureaus about payments.
- Allows you to repay your loan over two-months.
Minimum Credit Score
None
Interest Rate
150% to 200%
Loan Amount
$50 to $500
Time to Fund after Approval
One business day
Fees
No late or penalty fees
$8 or $16 monthly fees
Repayment Terms
2 to 8 weeks
11. Avanta
If you want a personal loan and need it now, Avant is an excellent option. Typically, the day after your application is granted, you will receive your money.
Without damaging your credit score, you can also find out if you are prequalified. Even with a low credit score, Avant will still consider your income and credit score when approving you.
Key Highlights
- No early payoff fees.
- You can pre-qualify with a soft recognition check.
- Quick funding.
- Late payment grace period of 10 days.
- Accepts self-employed applicants.
Minimum Credit Score
580
Interest Rate
9.95% to 35.99%
Loan Amount
$2,000 to $35,000
Time to Fund after Approval
Next business day
Fees
Origination fee- up to 4.75%
Late fee- up to $25
Insufficient funds fee- $15
Repayment Terms
12 to 60 months
Final words
Here, we have tried our best to provide you with information for loan-providing platforms like One Main with detailed information and research. So, we hope the above article on the 11 best loans like One Main has helped you choose the best one that suits your needs and preferences.
FAQs
Is OneMain only secured loans?
A secured or an unsecured loan might be presented to you. While an unsecured loan doesn’t require security, a secured loan does require you to supply property, such as a vehicle.
How fast is OneMain Financial?
Approximately one to two business days after the loan closing date, funds are placed into your bank or savings account via Automated Clearing House (ACH).
Is OneMain Financial hard to get approved?
Given that OneMain Financial provides personal loans to you with credit scores as low as 600-650+, obtaining one from them is not too difficult. Other prerequisites for OneMain Financial personal loans include being at least 18 years old, possessing an SSN, and earning enough money to cover the loan’s monthly payments.
