Loan amounts range from $1,500 to $20,000, and the maximum you can borrow varies by your state of residence. OneMain verifies that you can make the monthly payments required to pay back your loan and uses your credit score and income to determine your loan rate. To start, you need a minimum income level, and the company can’t accept applications from residents of the following states:Īpplicants generally cannot have filed for bankruptcy and must have some sort of verifiable credit history in order to qualify. There’s a number of criteria to meet before you apply for a OneMain personal loan. This financial institution offers both secured and unsecured personal loans secured loans use some form of collateral (your car, in this case) to help reassure the lender that it’s not going to be losing money when it extends credit to you. If you need a personal loan for a family-related reason (i.e., not business or education related) and you’re worried about your credit, you may be able to qualify for one of OneMain’s options. OneMain Financial offers potential for individuals looking for personal loans with less than perfect credit scores.