Many or all companies we feature compensate us. Compensation and editorial research influence how products appear on a page. Personal Loans Springleaf Financial Personal Loans Are OneMain Financial Loans: What Borrowers Should Know in 2025 Updated Oct 31, 2025 3-min read Reviewed by Jeff Gitlen, CEPF® Reviewed by Jeff Gitlen, CEPF® Expertise: Student loans, personal loans, home loans, investing Jeff Gitlen, CEPF®, is the director of growth at LendEDU. He graduated from the Alfred Lerner College of Business and Economics at the University of Delaware. Learn more about Jeff Gitlen, CEPF® Edited by Amanda Hankel Edited by Amanda Hankel Expertise: Writing, editing, digital publishing Amanda Hankel is a managing editor at LendEDU. She has more than seven years of experience covering various finance-related topics and has worked for more than 15 years overall in writing, editing, and publishing. Learn more about Amanda Hankel 3.8 /5 View Rates Springleaf Financial merged with OneMain Financial in 2015, and its personal loans now operate fully under the OneMain name. Borrowers can expect similar loan options focused on fair- and poor-credit applicants. Read our full OneMain review. OneMain (formerly Springleaf) Personal Loans Personal loans fair and poor credit borrowers Can apply with a co-applicant Secured and unsecured loan options Funds available as soon as 1 hour after closing Large branch network for in-person support No prepayment penalties High APR range compared with many competitors Loan amounts capped lower than some lenders Origination fees and other charges may apply Requires more documentation than many fully online lenders May need to visit a branch to verify information Loan amounts$1,500 – $20,000APR range18.00% – 35.99%Loan terms24, 36, 48, or 60 monthsLoan typesSecured and unsecured personal loansFunding speedAs soon as 1 hour after loan closingApplication methodOnline, over the phone, or in-branchPrepayment penaltyNone Table of Contents What happened to SpringLeaf Financial Services? How have Springleaf Financial personal loans changed? Where to get a personal loan What happened to SpringLeaf Financial Services? Springleaf Financial had been around for nearly a century when it made a big move in 2015—buying its competitor, OneMain Financial. After the merger, the company decided to retire the Springleaf name and rebrand everything under OneMain Financial. Before the change, Springleaf operated about 700 branches across 27 states. Today, OneMain has grown to more than 1,600 locations in 44 states, offering personal loans to millions of borrowers. The only states without a OneMain branch are Alaska, Arkansas, Connecticut, Massachusetts, Rhode Island, and Vermont. How have Springleaf Financial personal loans changed? When Springleaf became OneMain Financial, the core loan products didn’t disappear—they evolved. OneMain kept Springleaf’s focus on serving borrowers with fair or poor credit but refined the process with updated technology, broader access, and a more consistent national presence. In short, the personal loans OneMain offers today are an updated version of what Springleaf used to provide, not an entirely new product. OneMain’s loans still cater to people who might have trouble qualifying elsewhere. The company looks beyond just your credit score, considering your full financial picture—like income, debt, and ability to repay—before making a decision. Because of these more lenient approval standards, you’ll find higher APRs on OneMain personal loans than you might find at other lenders. Here’s a quick look at what you can expect from OneMain personal loans today: FeatureDetailsLoan amounts$1,500 – $20,000APR range18.00% – 35.99%Loan terms24, 36, 48, or 60 monthsLoan typesSecured and unsecured personal loansFunding speedAs soon as 1 hour after loan closingApplication methodOnline, by phone, or in personPrepayment penaltyNone You can learn more about how OneMain’s personal loans work in our full OneMain review. Where to get a personal loan If you’re in the market for a personal loan, OneMain is just one option—especially if your credit is fair or less than perfect. Many lenders now offer flexible approval criteria, fast funding, and online applications that make borrowing more convenient than ever. To explore more lenders and see how OneMain compares, check out our expert guides below: Personal loans for fair credit Personal loans for bad credit Compare the best personal loans About our contributors Written by Jeff Gitlen, CEPF® Jeff Gitlen, CEPF®, is the director of growth at LendEDU. He graduated from the Alfred Lerner College of Business and Economics at the University of Delaware. Edited by Amanda Hankel Amanda Hankel is a managing editor at LendEDU. She has more than seven years of experience covering various finance-related topics and has worked for more than 15 years overall in writing, editing, and publishing.