A personal loan is one way to take care of the range of expenses life can bring your way – from debt consolidation to vacations to medical costs. A personal loan from OneMain offers fixed rates and fixed payments. The rate and product you qualify for depends on various factors including loan size, term length, credit history, income, expenses, other financial obligations, and the availability of collateral (such as a vehicle).
We provide real lending solutions for real people.
- A trusted lender for more than 100 years
- Fixed rates and fixed payments
- Personalized service in over 1,500 locations
How it works
Complete our online application
Tell us some of your personal, employment and financial information and get a quick decision on your loan request.
Pay for all or some of your repair bill with an auto repair loan.1
From replacing auto parts to a full transmission repair, maintaining your vehicle can get costly. If you need help paying for routine service or urgent repairs, a personal loan could be the answer.
How does an auto repair loan work?
Let’s say you get a car repair bill for $1,500. If you take out a personal loan for that amount, you can pay off the mechanic now and spread out your payments over time. By having a fixed loan payment, you can expect to pay the same amount each month which could make it easier to budget. You’ll also have the option to pay off your loan early, at any time, with no prepayment fees.
Why should I choose OneMain to finance my car repairs?
We understand that some customers can’t wait weeks to get their car back. Our loan experts will work with you one-on-one to find a loan that fits your budget, which can help fix your car window or cosmetic repairs like scratches and dents. Plus, we’ve been down this road before. We’ve been a trusted lender for more than 100 years.
How does a cash-out refinance auto loan work?
Cash-out refinancing replaces your current auto loan with a new personal loan for more than what you owe. The amount of money you receive is based on how much equity you have in your vehicle. Equity is the difference of what your vehicle is currently worth and how much you still owe on your loan.
To determine how much equity you have, a OneMain personal loan specialist will follow up with you after you submit a loan prequalification form. They’ll ask for basic details of your vehicle such as make, model, year, mileage and Vehicle Identification Number (VIN). Then, the loan specialist will inspect the vehicle in person, assess its value based on the details you provided and the vehicle’s condition and determine the potential cash-out amount.
Why should I choose OneMain for cash-out refinancing?
At OneMain, we understand each customer is unique. That’s why we take the time to ask questions, listen and find a personal loan solution that works for you. We also know that customers interested in cash-out refinancing loans usually have plans for the money. Whether it’s funding a home improvement project or paying off debt², we can help make it happen.
