One Main Financial personal loans are designed for borrowers who need money fast. If you want access to money in the same day you apply for your loan, OneMain Financial can make that happen, provided you complete your application early enough.

You can borrow between $1,500 and $25,000 for personal and auto loans from a lender who has been in business for more than 100 years, served over 10 million customers, and extended over $120 billion in loans.

OneMain Financial claims that 5 out of 6 Americans live within 25 miles of a branch office, where on average branch managers have over 13 years of experience.

While OneMain Financial has a lot going for it, you will pay a price for the convenience of borrowing from this established lender with an extensive network of locations nationwide because rates are not as low as those charged by some rivals.

OneMain Financial Personal Loans: Spotlight

ONEMAIN FINANCIAL SPOTLIGHT
InvestorMint Rating 1 2 3 4 5 4 out of 5 stars	Loan Duration: 1 → 5 years Typical APR: 17.59% → 35.99% Loan Amounts: $1,500 → $25,000 Get Started via OneMain Financial secure site

Why Choose OneMain Financial Personal Loans?

If you need money fast and are willing to pay a premium to get your hands on cash quickly, OneMain Financial is worth checking out.

OneMain Financial welcomes borrowers who have below average credit scores.

If you need money in a hurry and don’t qualify for lower rates elsewhere, OneMain Financial may be a good choice because approvals are fast and money can be in your hands the same day.

Apply for a OneMain Financial Personal Loan

OneMain Financial Personal Loans Eligibility Criteria

OneMain Financial looks at your income, expenses, and debt, as well as your past credit history to assess whether you are eligible for a loan.

While you are eligible for a loan from OneMain Financial if your credit score falls below national averages, you will still need to supply standard documentation to be approved.

You will also need to have established some level of credit history by having previously made regular and timely payments, even if over a short duration.

And you must not have any bankruptcies lurking in your past financial history or you will most likely be declined.

Like many other lenders, OneMain Financial favors employees with steady and predictable income versus self-employed individuals whose income may be spiky.

The biggest question OneMain Financial wants to answer when lending to you is can you repay your loan. And to make an accurate assessment, the company will look into now only how much you earn but also how much you spend.

When you take out a new loan, you need to be able to service that debt, and so it is important to assess whether you have enough cash flow to pay back OneMain Financial as well as to stay current with existing household expenses and other costly items.

To help accelerate the approval process, make sure to have the following documents ready for OneMain:

• A driver’s license or passport, or other government-issued ID
• Proof of residence, such as a utility bill
• Proof of income, such as a tax return or paystub

Apply for a OneMain Financial Personal Loan

How To Apply For A Loan From OneMain Financial

OneMain Financial loan applications can be started online and completed in branch offices.

It’s easy to apply for a loan from OneMain Financial online but to collect your money you may need to visit a branch because loan disbursements are issued in the form of checks unless you choose the direct deposit option whereby funds are deposited directly into your checking account.

During the process, you may be asked to provide collateral to secure your loan. The following types of collateral are accepted:

• Cars
• Trucks
• Boats
• RVs
• Campers

If collateral is required, OneMain will conduct an appraisal to make sure that it is of sufficient value.

Any active duty military personnel, spouses and dependents are covered by the Military Lending Act and are prohibited from pledging any vehicle as collateral.

Once you have completed your application, provided your documentation, and been approved, the timeline to receive your funds is as follows:

Once approved, you do have a grace period of a couple of weeks to return the loan proceeds if you decide you no longer want the loan. No interest will be charged to you if you make the decision.

Apply for a OneMain Financial Personal Loan

OneMain Financial Payments & Fees

OneMain Financial does charge origination fees and late fees but won’t penalize you for paying off your loan early.

Once you have been approved for a loan, payments can be made online, in a branch, by phone, mail, mobile device or even at a Walmart store.

If you are paying online, an ACH transfer or debit card will be needed but if you decide to pay in a branch you will have a wider variety of payment options, including:

• Cash
• Personal check
• Payroll check
• Cashier check
• Traveler’s check
• Government check
• Debit card
• Money order
• Bank draft
• Insurance draft
• ACH

Keep in mind if you decide to pay at a Walmart Service desk, you can make a CheckFree payment but Walmart will charge you $1.00 → $1.50.

And if you make a debit card payment, you will be will hit with a fee of $2.95.

If you decide that you want to pay off your loan early, you won’t be penalized with any prepayment charges.

Apply for a OneMain Financial Personal Loan

Who Is OneMain Financial?

OneMain Financial has been in business for over a century and served over 10 million customers.

OneMain Financial began life in 1912 in Baltimore, Maryland under the name Commercial Credit. At the time, the lender provided working capital to manufacturers and building contractors.

In 1999, the company changed its name to Citi Financial and then went through a string of acquisitions, initially purchased by AIG and then Fortress Investment Group before going public in 2015, after changing its name once again from Springleaf Holdings Inc. to OneMain Financial.

The company operates in 44 states and has loaned out over $120 billion to 10 million customers for debt consolidation, auto purchases, household bills, home improvements, and other major purchases.

However, if you are looking for a student loan or to use your money for tuition, you should consider other lenders, such as SoFi. And of course, you won’t be permitted to use your funds for any casino bets.

OneMain Financial Review:
Pros and Cons

OneMain Financial provides fast access to money and convenient branch offices to speak with real people but at the cost of higher interest rates than those charged by many other lenders.

Apply for a OneMain Financial Personal Loan

OneMain Financial Alternatives

If you don’t need money right away, shop around for other lower-rate lenders.

Before applying for a new loan, it is a good idea to compare interest rates and eligibility criteria using a lending marketplace. If you are not in a rush to get your hands on money, other borrowers may offer better rates.

Another lender that caters to borrowers with below average credit is Peerform, which has lower starting rates than OneMain.

For borrowers with above average credit scores, SoFi is among the best lenders when it comes to competitive rates and all round service. Plus, you won’t get dinged with origination fees.

OneMain Financial Summary

OneMain Financial lends money to borrowers who may have poor credit and need access to money in a hurry. In as soon as the same day you apply for a loan, you can get access to anywhere from $1,500 to $25,000.

The likelihood is you can walk into a branch to finalize your loan application because 5 out of 6 Americans live within 25 miles of a OneMain branch. However, you will pay a price for the convenience because the interest rates charged by OneMain tend to be higher than those charged by many rivals, though few can match OneMain in terms of the speed of issuing capital.

Having served over ten million customers and earned an A+ rating from the Better Business Bureau, it’s worth checking out OneMain Financial to see if it meets your borrowing needs.

Apply for a OneMain Financial Personal Loan

The article OneMain Financial Personal Loan Review 2020 was originally posted on Investormint

Whether you are looking to consolidate debt, cover unexpected expenses, make home improvements, pay for a vacation, or take care of wedding costs, Mariner Finance personal loans are worth checking out.

Mariner Finance is a consumer finance company that started in 2002. The company is based in Baltimore, Maryland and has has over 450 branches in 22 states.

When you take out a loan, Mariner will report your payments to Equifax and TransUnion credit bureaus, so you can build your credit score over time when you make timely loan repayments.

And while the lender provides home loans and auto loans, we’ll focus in this review on personal loans, which feature co-signer support and are approved by loan officers as opposed to computer algorithms.

Mariner Finance Personal Loans Review: Spotlight

MARINER FINANCE SPOTLIGHT
InvestorMint Rating 1 2 3 4 5 4 out of 5 stars	Typical APR: 24% → 36% Loan Amounts: $1,000 -> $25,000 Get Started via Mariner Finance secure site

Is A Mariner Finance Personal Loan Right For You?

Mariner Finance provides loans for anywhere from 1 to 5 years to borrowers with low credit scores in 22 states.

If you have so-so credit, Mariner Finance may be a good match for you.

Generally, Mariner likes to see that loan applicants have a decent credit history of at least 5 years but that doesn’t mean you need to have stellar credit.

Even if your credit score is around 600, you may be eligible for a loan.

You can apply for a loan by filling out a form online, visiting a local branch, or even by phone.

Regardless of which method you choose, you can expect the application process to be fast. Loans can be approved and funded in as soon as a single day for loan terms ranging from 1 to 5 years.

When you apply, you can expect a soft credit check to be performed, meaning that it won’t affect your credit score to check your loan rate. But rates are steep, ranging anywhere from 24% → 36% APR depending on your creditworthiness.

Once approved, you can use the proceeds of your loan for anything from a vacation to a wedding or simply debt consolidation if you wish.

Fill Out A Mariner Finance Personal Loan Application

How Mariner Finance Personal Loans Work

Mariner Finance personal loans require collateral as security above $10,000. Co-signers are permitted to join on loan applications and loan officers are responsible for making final approval decisions.

The rate you are offered will depend on your creditworthiness, income and debt-to-income ratio.

If you have a good history of paying your bills on time and a higher credit score, you may be eligible for the lowest rate of 24%.

Even if you are approved for this rate, it is a good idea to shop around and compare interest rates from multiple lenders.

Where Mariner Finance shines is that you won’t simply be approved based on the scores you receive from a computer algorithm but instead a loan officer will have the final say.

So, if you have good reasons why your credit score may be low, you stand a better chance of being approved versus some other lenders who may rely more heavily on a computer-based approval model.

When you compare the rates of a few lenders who cater to borrowers with low credit scores, you might find Mariner comes up trumps because of this personal dimension to the approval process.

You can also boost your chances of being approved by adding a co-signer to the approval process. If you choose to go down this path, do your best to verify your co-signer has a solid credit history so adding them to the loan application will increase your odds.

Mariner Finance Interest Fees

Mariner Finance won’t charge you any prepayment penalty fees but origination fees, late fees, insufficient funds fees and personal check processing fees apply and vary by state.

Fill Out A Mariner Finance Personal Loan Application

Mariner Finance Review:
Pros and Cons

Mariner Finance has an A+ rating from the Better Business Bureau, provides co-signer support, and a fast funding timeline in as soon as one day but you pay a price for the convenience because lending rates are high.

Fill Out A Mariner Finance Personal Loan Application

Mariner Finance FAQ

What States Does Mariner Finance Operate In?

Mariner Finance and its affiliate Pioneer Credit do not have a nationwide presence, but feature in 22 states, including:

• Alabama
• Delaware
• Florida
• Georgia
• Illinois
• Indiana
• Kentucky
• Louisiana
• Maryland
• Mississippi
• Missouri
• New Jersey
• New York
• North Carolina
• Ohio
• Pennsylvania
• South Carolina
• Tennessee
• Texas
• Utah
• Virginia
• Wisconsin

Is Mariner Finance affiliated with 1st Mariner?

No, Mariner Finance and 1st Mariner are not affiliated with each other.

Do I need to put up collateral for my personal loan?

For loans under $10,000, you won’t need to put up any collateral but above that threshold, you will need to secure your loan with a fixed asset, such as a vehicle you own.

Mariner Finance Personal Loans Summary

Mariner Finance personal loans are designed for borrowers with low credit scores who may struggle to be approved elsewhere.

Unlike some other lenders who rely exclusively on computer algorithms to adjudicate whether an applicant should be approved, Mariner Finance relies on the judgment of loan officers who have the final say. So, if you have some extenuating circumstances that caused your creditworthiness to suffer, your loan petition may stand a greater chance of being approved.

The rates are high relative to some other lenders so it’s worth comparing interest rates from other lenders, such as OneMain Financial and Peerform, who cater to low credit borrowers too. The good news is when you do submit an application, your credit score won’t be hit because only a soft credit check is performed.

Once approved, you can use your loan proceeds for a wide variety of purposes, including debt consolidation, home improvements, covering unexpected costs, or even paying for a wedding or vacation.

Fill Out A Mariner Finance Personal Loan Application

The article Mariner Finance Personal Loan Review 2020 – Fast Approvals For Low Credit Borrowers was originally posted on Investormint

Like Chase and many other big name banks, Bank of America personal loans are no longer available to borrowers, even if you have a perfect credit score.

But fear not, we won’t leave you stranded in your search for a good personal loan provider. Indeed, you are spoiled for choice because many other banks, credit unions, and even online lenders offer competitive rates on personal loans.

Of all the options available to you, the question is which Bank of America personal loan alternative is best?

Below we dig in to share some ideas to consider…

Bank of America Personal Loans Alternative: Prosper

Sometimes it’s a struggle to get a personal loan through conventional channels like banks and credit unions.

If you are between a rock and a hard place in need of cash but not receiving loan approvals, consider Prosper, a peer-to-peer lending platform.

Prosper connects borrowers who need money with lenders who are looking to earn a return on their money.

Whether you are looking to borrow a couple of thousand dollars or as much as $35,000, Prosper can get your squared away in as little as 1 to 3 business days.

When you borrow via the Prosper lending marketplace, you will typically be locked into a term length that lasts anywhere from 3 to 5 years.

The interest rates on loans obtained through Prosper can be highly competitive, and generally well below the rates offered by payday lenders, who typically demand faster payback periods too.

However, you will be charged an origination fee on the total loan amount.

Provided that your credit score is above 640 and you don’t have a debt/income ratio exceeding 50% or any bankruptcies over the past half year, you may qualify for a loan.

SoFi Personal Loans

Where Prosper is a solid personal loan alternative to Bank of America if you have so-so credit or better, SoFi is designed for borrowers with excellent credit and high earning potential.

Although SoFi got its start in life by lending to super-prime borrowers who wanted to refinance student loans, it now offers a full gamut of financial products, including:

• Personal loans
• Wealth management
• Mortgage loans

If you have top notch credit, pay your bills on time, and don’t max out your credit cards monthly, the chances are you may be a good candidate for a SoFi personal loan.

The reward for your financial prudence is low variable and fixed interest rates compared to most lenders, no origination fees, and loan amounts as high as $100,000.

The minimum amount you are eligible to borrow is $5,000.

The term lengths are generous too. You can pay off your SoFi personal loan over anywhere from 3 to 7 years.

Other perks of a SoFi personal loan include fast funding timelines in as quick as 7 days and no prepayment penalties.

With that said, SoFi will ding you with penalty fees if you make late payments.

The bottom line is a SoFi personal loan should be high on your consideration list if you have really good credit and a proven history of financial responsibility.

Bank of America Personal Loan Alternative: Peerform

If you don’t qualify for a SoFi personal loan, Peerform is an alternative worth exploring.

Through the Peerform peer-to-peer lending marketplace, you can borrow as much as $25,000 for term lengths as long as 3 years.

Similar to SoFi, the loan application process from start to finish to receive funding is fast – as quick as 3 days. However, Peerform states that it could take as long as 14 days.

You won’t find interest rates as low at Peerform as at SoFi but among other lenders they are competitive.

And like Prosper, you will be required to pay origination fees that could be as low as 1% or as high as 5%.

> Related: Chime Bank – The Online Bank

Bank Personal Loans

If online lenders don’t whet your appetite, traditional banks offer lots of choice.

Although approval times tend to be slower and bureaucracy may be greater when choosing big name banks, you can find lots of traditional personal loan providers, including

• Wells Fargo – one of Warren Buffett’s favorite banks.
• TD Bank
• Citigroup
• PNC
• SunTrust Banks
• Financial Services Group

Generally, banks will lend as much as $100,000 for personal loans to borrowers with good credit scores.

Where you will see lots of variability is in the APR rates charged. These can vary from single-digit percentages to north of 20%, rivaling credit card interest rates.

Credit Union Personal Loans

Another good personal loan alternative to Bank of America may be your local credit union.

The requirements to be approved for a personal loan from a credit union are often more relaxed while the rates may be just as competitive, if not more so, as at big-name banks.

In fact, if you want to stick with an offline lender but your credit score isn’t up to par as far as traditional banks are concerned, your local credit union may well offer more competitive rates than even an online lender.

With that said, credit unions typically limit personal loan amounts to about half the amount available through a bank.

Unless special circumstances apply, the likelihood is you will be limited to a personal loan amount of about $50,000.

Is A Personal Loan Right For You?

When you apply for a personal loan, the lender will almost certainly issue a credit check which can hurt your credit score.

Before venturing down the path of loan applications, check out your credit score at MyFICO.

If you have good → excellent credit, you stand a good chance of winning loan approval from online lenders, traditional banks and credit unions.

However, if you find yourself behind the eight ball, so to speak, with poor credit or bad credit, the best next step may be to boost your score by paying off as much credit card debt as you can afford and paying your bills on time.

Boosting your credit score will not only increase your chances of securing a personal loan but will also help you to qualify for lower interest rates.

So, whether you are planning to use your personal loan funds to buy a boat or pay for a wedding, the overall cost will be lower when you pay lower interest rate charges.

At the very least, personal loans are a good alternative to credit card debt in most cases.

If you do find your credit card payments are getting out of hand, consider a 0% Balance Transfer credit card that may allow you to consolidate your debt into a more manageable payment.

Have you found competitive personal loan rates elsewhere? Let us know in the comments below, we would love to hear from you.

>> Build Your Credit With RentTrack

>> Mariner Finance Personal Loans Review

>> Check Out iLoan Personal Loans

The article Bank of America Personal Loans: Low Interest, Online, Bad Credit Alternatives was originally posted on Investormint

Chase personal loans are not available to any borrowers, no matter how good their credit rating.

So which lenders do issue personal loans? Wells Fargo, TD Bank, Citigroup, PNC Financial Services Group, and SunTrust Banks are among the many big name banks but in this review we show you the best Chase alternatives.

We compare personal loan providers to help you figure out which lenders offer the best personal loans?

Chase Personal Loans Alternative:
Prosper

If you struggled to get approved for a personal loan from a bank or credit union, or even if you simply want another financing route, Prosper is a peer-to-peer platform that connects borrowers with lenders.

You can borrow anywhere from $2,000 to $35,000 in 1 → 3 business days from the time you are approved.

The big idea behind Prosper is to provide borrowers with lower interest rate loans that last 3 → 5 years.

Depending on your risk category, you will be charged an origination fee that ranges from 1% → 5%.

As long as your credit score is north of 640 and you have a debt-to-income ratio less than 50% with no bankruptcies in the previous 6 months, you may be eligible for a Prosper loan.

SoFi Personal Loans

SoFi is best known as a student lender but it also issues personal loans.

If you have good credit and a history of paying your bills on time, SoFi personal loans may be a good option.

Unlike some other personal loan providers, SoFi won’t hit you with an origination fee.

You can borrow anywhere from $5,000 to $100,000 for anywhere from 3 → 7 years.

Both fixed rate and variable rate loans are available and funding timelines can be as fast as 7 days.

Prepayment fees won’t apply but late payment fees may hurt you. However, they are the lower of $5 or 4% of the due amount.

Unlike some other lenders, co-signer support is not provided and limited approvals are issued – you will need stellar credit and good financial history to qualify for a SoFi personal loan.

Chase Personal Loans Alternative:
Peerform

Like Prosper, Peerform is a peer-to-peer platform that connects borrowers with lenders.

If you don’t have the stellar credit needed to get a SoFi personal loan, Peerform loans are worth checking out.

You can borrow as much as $25,000 for loan durations of up to 3 years.

Usually it takes anywhere from 3 → 14 days to receive funding.

APR rates tend to be higher at Peerform than at SoFi, which is no surprise because less creditworthy borrowers are eligible for loan approvals at Peerform.

Origination fees apply to loan issuances too, and range from 1% → 5%.

Bank Personal Loans

If you prefer to stick with a more traditional funding route, personal loans are available from Wells Fargo and Citibank.

Like SoFi, you may be eligible to borrow up to $100,000 for a personal loan.

It’s hard for big name banks to beat SoFi on rates, but you will likely still need a good credit score or better to qualify for a personal loan from them.

> Related: Chime Bank – The Online Bank

Credit Union Personal Loans

Credit unions tend to be more lenient when it comes to eligibility requirements.

Even if you have bad credit, you may still qualify for a personal loan from your local credit union.

However, the amount you can borrow will usually be limited compared to a bank or online lender.

Expect your local credit union to cap your loan amount below the limits imposed by brand name banks unless special circumstances apply.

> Build Your Credit With RentTrack

Is A Personal Loan Right For You?

To qualify for a personal loan, you often but not always need a decent credit rating.

If you are not sure what your credit score is, MyFICO has a bunch of great resources.

A personal loan may be a good option for you if you need money to pay for a personal event like a wedding.

Personal loans can also be a good alternative to racking up credit card debt. For example, you may wish to consolidate debt from a few credit cards into a single personal loan that offers a better rate.

Another possibility is to choose a 0% Balance Transfer credit card.

If you have medical expenses or dental costs, like a root canal, that are not fully covered by health insurance then a personal loan may be a smart choice too.

Looking for the best personal loans? Did you stumble on any great personal loan providers we missed? Let us know in the comments below.

>> OneMain Financial Review: Personal Loans

>> Mariner Finance Personal Loans Review

>> Check Out iLoan Personal Loans

The article Chase Personal Loans: Low Interest, Online, Bad Credit Alternatives was originally posted on Investormint