13 Best Personal Loan Lenders for People With Bad Credit in 2026

3. OneMain Financial - Branch Network and Secured Options

OneMain Financial distinguishes itself in the bad credit lending market through its extensive network of over 1,400 physical branches across the United States, providing face-to-face customer service that many borrowers prefer when dealing with significant financial decisions. The company accepts borrowers with credit scores as low as 600, though they may consider applicants with lower scores on a case-by-case basis, particularly when collateral is offered to secure the loan. OneMain's loan amounts range from $1,500 to $20,000, with repayment terms extending from two to five years, and they offer both secured and unsecured loan options to accommodate different borrower profiles and risk tolerances. The secured loan option allows borrowers to use vehicles, savings accounts, or other valuable assets as collateral, potentially qualifying for lower interest rates and better terms than unsecured alternatives. Interest rates typically range from 18% to 35.99% APR, and while these rates are higher than traditional bank loans, OneMain's willingness to work with challenging credit situations and provide personalized service justifies the premium for many borrowers. The company's underwriting process considers multiple factors beyond credit scores, including income, employment stability, and existing debt obligations, often resulting in approvals for borrowers who have been declined elsewhere. OneMain also offers same-day funding in many cases and provides online account management tools alongside their traditional branch-based service model.