Types of OnePay Loans

OnePay Personal Loans#

OnePay Personal Loans let eligible customers apply for a personal loan directly in the OnePay app. Loan amounts range from $1,000 to $50,000.

For more information see About OnePay Personal Loans.

OnePay Later, Powered by Klarna#

OnePay Later lets eligible customers pay over time for Walmart purchases in Walmart stores, on Walmart.com, or in the Walmart app. If approved, you can choose from available payment plans during checkout. Klarna handles servicing until the purchase is fully paid off.

OnePay Later may be available for purchases between $50 and $6,000. Not all items are eligible. Annual percentage rates (APR) for monthly financing range from 9.99% to 35.99%. There are no fees when you pay on time, but a late fee of up to $7 may apply if a payment is late.

For more information see About OnePay Later, powered by Klarna

OnePay Credit Builder Loan#

OnePay Credit Builder Loan is a credit-building program for eligible customers with OnePay Cash+ benefits. If approved, a $300 loan is placed in a locked account that cannot be used for spending.

The loan has a 12-month term, $25 monthly payments, and a 0% APR. Customers can choose how much to contribute each month, with a minimum of $1. If they contribute less than $25, the rest is paid from the locked account. At the end of the program, their contributions are returned to their OnePay Cash Primary Savings pocket. There is no interest and no fees.

OnePay reports on-time monthly payments to the three major credit bureaus to help build credit. ¹

For more information see About OnePay Credit Builder Loan

OnePay Loans #

OnePay Loans were used to pay over time for Walmart purchases. As of May 12, 2025, OnePay Loans are no longer available for new purchases at Walmart. If you already have an existing OnePay Loan, you can still manage your loan and make payments in the OnePay app.

For more information see About OnePay Loans

How are these loan types different?#

Both OnePay Loans and OnePay Later are used for Walmart purchases. The main difference is that OnePay Loans are no longer available for new purchases, while OnePay Later is the current option for eligible purchases you want to pay over time.

OnePay Personal Loans work differently. They’re applied for directly in the OnePay app and are not tied to a specific Walmart purchase at checkout.

1 Use of the Credit Builder Loan Program does not guarantee that your credit score will improve. Credit score improvement is dependent on your specific circumstances and a variety of factors, including your financial behavior. Failure to make monthly minimum payments on time may negatively impact your credit score. Credit Builder Loans are available to OnePay Cash accounts that have either (i) received Direct Deposits totaling $500+ in the current or previous month, or (ii) have a balance of $5,000+ at the end of the previous month. Participation is subject to eligibility. See Licenses, for state disclosures.OnePay is not a credit repair service and does not remove negative credit history from your credit profile.

Types of OnePay Loans

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