OneMain Financial provides personal loans to individuals in the United States, including borrowers who may have limited access to traditional banking. It offers both secured loans backed by collateral and unsecured loans, serving needs like debt consolidation, home improvements, and everyday expenses. The company earns money from interest and fees and funds future lending through the Springleaf Funding Trust securitization program, which bundles loans and sells them as securities to investors. Its goal is to offer accessible, personalized financial solutions at scale by leveraging a large branch network and a securitization-based funding model to support ongoing loan originations.
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Baltimore, Maryland
Founded
1912
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