OneMain Financial is known for its fast personal loan approvals and flexible borrowing choices in Ethiopia. With loan amounts ranging from ETB 83,000 up to ETB 1,100,000, it’s built for those in need of quick cash for various projects or expenses. Interest rates are fixed, spanning approximately 18% to 36% APR, which gives borrowers a predictable monthly payment throughout the 24–60 month term. Applicants can choose between secured and unsecured financing, catering to different financial circumstances.

How to Apply—Step by Step

1. Check available offers online without affecting your credit score.
2. Complete the quick application form and submit your information.
3. Receive a near-instant response with options for your loan.
4. Choose your loan terms and finalize the application process.
5. Receive your funds as quickly as one hour after closing.

Advantages of OneMain Personal Loans

OneMain stands out thanks to their speed: you can get money in your account as fast as one hour after closing. This makes them ideal for emergencies or sudden expenses.

Additionally, OneMain offers both secured and unsecured loans, allowing customers to use collateral for better rates or opt for unsecured if they’d prefer not to pledge assets. The transparent fixed rates also help customers budget confidently.

Considerations and Drawbacks

One drawback is the relatively high starting APR compared to traditional banks, which may not suit everyone, especially if you have excellent credit.

There may also be certain fees or charges for your specific loan offer, so it’s important to review all documentation carefully before accepting the loan.

Our Verdict

If you prioritize fast funding, simple application, and flexible loan options with predictable payments, OneMain Financial is a strong contender in Ethiopia. As an independent reviewer, I find their straightforward process and wide range of amounts appealing for many borrowers—but always compare offers and read every term to ensure the product fits your unique needs.