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 Review Updated May 09, 2023 2-min read Reviewed by Jeff Gitlen, CEPF® Reviewed by Jeff Gitlen, CEPF® Expertise: Student loans, personal loans, home loans, insurance, credit cards Jeff Gitlen, CEPF®, is the director of content operations at LendEDU. He graduated from the Alfred Lerner College of Business and Economics at the University of Delaware. Learn more about Jeff Gitlen, CEPF® To learn more about OneMain Financial, check out our full OneMain Financial personal loan review for more details, such as the benefits and drawbacks of securing a personal loan with them. Springleaf Financial, a company that has been offering personal loans since 1920, bought its competitor, OneMain Financial, in 2015. With the combination of these two heavy hitters in the financial services industry, Springleaf’s name was changed to OneMain as part of the rebranding process. Before the merger, Springleaf had 705 branches spread through 27 states. Together, the company now has more than 1,600 locations in 44 states. The six states without a branch are Alaska, Arkansas, Connecticut, Massachusetts, Rhode Island, and Vermont. How Springleaf Financial Personal Loans Have Changed During the rebranding, OneMain Financial has made a name for itself when it comes to personal loans. Unlike some other personal loan companies, they don’t have specific credit score requirements that would disqualify someone from obtaining a loan. They also tend to offer loans to people without good credit who would more than likely be turned away by traditional financial institutions. They’ll examine your total financial outlook to get an overall picture of whether they think you’ll be able to make the monthly payments. They won’t just rely on your credit report to assess the overall risk. However, they will use your credit score in determining the APR your loan will carry, which means those with lower credit scores will end up paying more in interest than people with better credit scores will. >> Read More: Personal loans for bad credit To get a loan from OneMain, you’ll have to fill out an online application with some basic information about yourself and your circumstances. If that’s approved, you’ll have to visit one of their branch offices to complete the application process. The interest rates you’ll get with OneMain are higher than many other loan companies, partially because of their willingness to take on people with a poorer credit history. Annual percentage rates range from 16.05% to 35.99%. >> Read More: Compare the best personal loans The loan amount a person can get ranges from $1,500 to $30,000, which is enough for many of the common uses for personal loans, such as home improvement, medical expenses, paying off credit cards, other kinds of debt consolidation, and even going on a vacation. Loan terms span 24, 36, 48, or 60 months; there are no prepayment penalties associated with a OneMain Financial personal loan.