Proof of identity (such as a driver's license, state-issued ID card, passport, or available third-party verification service) Proof of residence (such as a driver's license with current address, utility bill, or signed lease) Proof of income (such as pay stubs or tax returns)
Borrower Requirements
OneMain Financial will ask you for a copy of a government-issued ID, proof of residence, and proof of income. The best personal loans for debt consolidation can help you take control of your debt and improve your credit score.
You may be able to get a personal loan without income verification if you pledge collateral, use a co-signer or have an excellent credit score. There are several ways to get approved for a personal loan with no proof of income, including applying with a co-signer and securing the loan with collateral.
Key Takeaways
It's possible to get a personal loan with no income verification, although proof of income is typically a requirement. You can potentially use an asset like a car title to back a secured personal loan. Pawning valuable items can work like a personal loan with no income verification.
OneMain Financial approves applicants with fair credit and sometimes those with bad credit, and there's an option to apply for a secured loan when borrowers don't qualify for an unsecured loan based on their credit history. Secured loans let borrowers use equity from their car to potentially qualify for lower interest.
Yes, OneMain Financial may call your employer after you provide their contact information and give permission for the call during the application process. OneMain Financial will not disclose any information when they contact your employer, since they are just inquiring about your employment status.
More serious consequences could include collateral being repossessed, the debt being charged off or the lender suing to enforce the debt. Depending on your lender, you may be able to avoid more serious consequences if you make the payment within 30 days or communicate with your lender to find a solution.
It is not difficult to get a personal loan from OneMain Financial because you need a credit score of 600 or higher to qualify, according to third-party sources. You will also have to meet other common requirements like being at least 18 years old, having an SSN, and having enough income to afford monthly loan payments.
Minimum income: None; OneMain requires borrowers to have enough income to support their own expenses, plus the new loan's monthly payment. This lender accepts income from employment, a partner, alimony, retirement, child support and Social Security payments.
Eazzy Loan is an easy loan to get, No guarantors, No forms, no branch visits. You receive the loan instantly on your phone, saving you valuable time. It offers a flexible repayment period of up to 24 months.
Next, you'll need to provide government-issued identification, income verification and residential information so that the lender can verify your information. After OneMain Financial verifies your information, you may have to submit to a hard credit inquiry.
The states that require printed or written pay stubs include: California. Colorado. Connecticut.
It takes 1 to 2 business days to get money from a OneMain Financial personal loan, in most cases. The OneMain Financial loan timeline includes around 1 business day to get approved for a OneMain Financial loan and another as soon as the same day to receive the funds after approval.
Here's what you'll need to meet the minimum requirements: Proof of Identity: OneMain requires government-issued ID, such as a driver's license or passport. Proof of Income: This may include recent pay stubs, tax returns, or bank statements, depending on your employment status.
Once an offer is accepted, new employees must complete an onboarding process that includes an online orientation, paperwork, and a background check.
Loan approval and actual loan terms depend on your state of residence and your ability to meet our credit standards (including a responsible credit history, sufficient income after monthly expenses, and availability of collateral). APRs are generally higher on loans not secured by a vehicle.
Most personal loan lenders require credit scores above 660 to apply, but OneMain doesn't have a minimum.
Lenders typically look at the anticipated amount of your loan payment compared to your income, which is known as debt-to-income ratio. If the ratio for recurring monthly expenses is more that 36%, lenders will question whether you'd be able to afford payments on the loan.
What you get with every OneMain personal loan for emergencies. Quick decision. Money as fast as 1 hour after loan closing. Fixed payments and clear, upfront terms.
Hardship personal loans are a type of personal loan intended to help borrowers overcome financial difficulties such as job loss, medical emergencies, or home repairs. Hardship personal loan programs are often offered by small banks and credit unions.
Lenders typically require a specific monthly or annual income to ensure you can make loan payments. Proof of income could include paycheck stubs, tax returns, disability benefits statements, alimony and Social Security payments.
"No doc" mortgages may now be loans that do not require traditional income-verifying documents, but that still require other documents. No doc mortgages generally require higher down payments and higher interest rates than traditional mortgages.