OneMain Financial provides personal loans to individuals in the United States, specifically targeting those who may not qualify for traditional bank loans due to lower credit scores. The company offers both secured loans backed by collateral and unsecured loans, generating revenue through interest, fees, and a securitization platform that sells bundled loans to investors. Unlike many competitors, OneMain maintains a large physical branch network to provide personalized service alongside its online tools. Its goal is to provide accessible financial solutions and credit resources to a broad range of borrowers while maintaining a steady stream of lending capital.
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Baltimore, Maryland
Founded
1912
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