Best Reviews TopConsumerReviews.com Best Auto Loans Best Reviews
Best Reviews
      January 22, 2019

Home  >  Auto Loans  >  LendingClub vs OneMain Financial

Best

Auto Loans

  1. LendingTree
  2. LendingClub
  3. My Auto Loan
  4. Cars Direct
  5. Road Loans
  6. Automotive
  7. Auto Credit Express
  8. OneMain Financial
  9. iLoan
  10. USAA
  11. Instant Car Loan
  12. Web 2 Carz

Compare Products

  • Select any 2 companies in our reviews to compare them head-to-head!
  • Compare

Your Information Is Secure
Worry Free Car Care Manual Newsletter

Latest Reviews

Bunk Beds

Charm Bracelets

Dating Sites

Eczema

Flower Delivery

Fruit Baskets

Guitar Lessons

Hair Loss

Menopause Relief

Online Stock Brokers

Watches

 

Individual Reviews

CARCHEX

Lending Tree

LendingClub

My Auto Loan

Cars Direct

Road Loans

Automotive

Auto Credit Express

OneMain Financial

iLoan

USAA

Instant Car Loan

Web 2 Carz

 

Related Articles

Are Auto Loans Through A Car Dealer A Good Idea?

Auto Loans Versus Auto Leases

How Much Car Can You Afford?

How Your Auto Loan Can Be Affected By Your Credit Rating

What To Look For When Shopping For An Auto Loan

 

Our professional reviewers evaluate products and services independently, but Top Consumer Reviews may earn money when you click on the links on our pages. Learn more.

Better Business Bureau Reliability Seal

LendingClub vs OneMain Financial

Best Auto Loans

To help you find the Best Auto Loans, TopConsumerReviews.com provides you with an in-depth comparison of LendingClub and OneMain Financial.

To see ALL of our reviews for the Best Auto Loans, please Click Here

Finding an auto loan is no longer limited to what your current bank will offer or what the dealer brings to the table. You can take control of your next auto loan terms by shopping online for the best deal available. Several auto loan companies post the most competitive auto loan rates online to attract your business.

In today's economy, may people have less than perfect credit. Many companies offer car loans to those who have suffered bankruptcy, late payments or a low credit score. By researching and finding the best auto loan, you'll potentially save hundreds to thousands of dollars each year in payments and interest over other auto loans.

Continue reading below reviews

Best Reviews

2019

Auto Loans Reviews

4.5 stars
LendingClub

LENDINGCLUB Visit Site

BBB Rating:

A

For those looking for an auto loan, traditional loan companies may not be the most affordable option. Other solutions, such as a personal loan, may be cheaper in the long run. LendingClub is a leader in the social lending market and facilitates personal loans, which can be used as auto loans.

Social Lenders such as LendingClub bring individuals that can provide financing for auto loans together with borrowers who need them. They do this with a secure website and sophisticated back-end processing. Without a bank in the mix, borrowers are typically able to get a lower interest rate on their auto loan than traditional methods.

LendingClub currently holds an "A" Better Business Bureau rating. They help facilitate thousands of loans for customers and lenders each and every month. Shoppers can expect a loan rate between 6.95% and 35.89%. Best APR is available to borrowers with excellent credit.

It's very easy to see if a lender is available for your auto loan needs. You just input the amount you want to borrow, the purpose of your loan, and other information such as your credit score, contact information, and income level. Once LendingClub validates this information, they present you with the terms of your loan. If you choose to proceed, personal lenders have a few days to fund your request. Of course, borrowers with a better credit rating typically have an easier time attracting lenders.

If you have any questions during the process, you can speak to a LendingClub representative for assistance. Like any peer-to-peer lending company, a fee is built into the loan in order to cover costs. Also, you can anticipate a one-time processing fee that ranges from 1% to 6% of the loan amount, depending on your loan terms.

If you're looking for an affordable car loan between $1,000 and $40,000, LendingClub may be a solution that works well for your financial situation over traditional auto loan companies.

Visit Site

3 stars
OneMain Financial

ONEMAIN FINANCIAL Visit Site

BBB Rating:

A+

OneMain Financial is a big name in the consumer loan market, which includes auto loans. They've been in business since 1920 and have earned an A+ rating from the Better Business Bureau.

OneMain earns high marks for their reliable history and their current BBB rating. However, they miss the mark with website friendliness and functionality. Their current loan interest rates and fees are difficult to find within their website, making it hard to determine whether OneMain Financial is worth your consideration. Customers have to talk with a customer service representatives at OneMain to identify the basic information that most companies are willing to provide right on their website.

We found that borrower feedback of loan experiences at OneMain frequently included high interest rates, confusing fees, and mandatory loan insurance. Some customers reported a 25%-38% loan rate, even before additional fees were added in.

OneMain appears strong and solvent, so we feel it is a legitimate lending source. On the plus side, OneMain will lend money to people searching for an auto loan with low credit ratings and/or no collateral. However, the cost seems to be high interest rates and questionable customer service. Our concerns centered around the cost associated with borrowing money for a car loan from OneMain.

Visit Site

Continued from above

However, not all auto loan companies are the same. There can be wide differences in the features and auto loan terms that they offer.

Before you apply for your next auto loan, consider the following important factors:

  • Application Process. What is the process of applying for the auto loan?
  • History. Does the auto loan company have a history of pleasing the customer and using quality business practices? How do they rank at the Better Business Bureau?
  • Focus. What type of auto loans do they offer? Are their auto loans geared for all levels of credit?

TopConsumerReviews.com has reviewed and ranked the best Auto Loans available today. We hope these reviews help you find the most affordable loan available for you!

Car Loans for People with Bad Credit in Seattle

If you live in Seattle and have bad credit, you need to be aware that not all dealerships are going to be able to get you financed. The fact of the matter is, only certain dealers and lenders work wit...

Published:  Sun, 20 Jan 2019 06:16:00 GMT



The Types of Quick Loans You Can Apply For

Applying for loans is a common occurrence nowadays. People do it so that they can invest in a new car or home and they pay off a debt to the bank later. It is an easy and secure way to get the money y...

Published:  Mon, 21 Jan 2019 06:32:00 GMT



How Does Grand Baoxin Auto Group Limited (HKG:1293) Affect Your Portfolio Volatility

If you own shares in Grand Baoxin Auto Group Limited (HKG:1293) then it's worth thinking about how it contributes to the volatility of your portfolio, overall. In finance, Beta is a measure of ...

Published:  Sat, 19 Jan 2019 19:07:00 GMT



THE COLOR OF MONEY: Worried about your loans during the government shutdown Financial institutions say: Call us

"Affected borrowers may face a temporary hardship in making payments on debts such as mortgages, student loans, car loans, business loans or credit cards," the statement said. "As they have in prior s...

Published:  Sun, 20 Jan 2019 22:49:00 GMT



Trump tariffs force tough choices at U.S. auto suppliers

It is a strategic decision that RoMan and other auto suppliers have put off since the tariffs kicked ... Banks still wary of his sector following the Great Recession are growing reluctant to issue loa...

Published:  Mon, 21 Jan 2019 08:27:00 GMT



Car Finance Market 2019 Precise Outlook - Capital One, HSBC, Ford Motor Credit, Toyota Financial Services

This Report proposes compelling details of Car Finance market size, market share, contemporary trends, upcoming investment opportunities, and other primary segments. The Car Finance analysis centers o...

Published:  Sun, 20 Jan 2019 02:14:00 GMT



More South Florida homeowners using PACE home improvement financing - despite complaints

That's called "capitalized interest" and it's common for nearly all types of loans, including car loans and home loans, he said. Overall though, the benefits of PACE's unique financing programs to hom...

Published:  Sat, 19 Jan 2019 16:32:00 GMT



Ulterior motives may lurk behind new debit card for federal student loan borrowers

Student loan balances exceed both credit card debt and auto loans and now constitute the largest amount of consumer debt in the U.S. The federal student loan program is also troubled. According to Edu...

Published:  Sat, 19 Jan 2019 14:42:00 GMT



Checklist for Buying a New Car

In order to realistically calculate what you can afford to spend on a new car, you should calculate your debt to income (DTI) and payment to income (PTI) ratios, check online calculators for what you ...

Published:  Mon, 21 Jan 2019 05:33:00 GMT



Share Us!    Share TopConsumerReviews.com on Twitter Share TopConsumerReviews.com on LinkedIn Share TopConsumerReviews.com on Google+ Share TopConsumerReviews.com on Pinterest

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure