OnePay Personal Loan Application and Onboarding
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In this article
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In this article
How do I apply for a OnePay Personal Loan?#
To apply for a OnePay Personal Loan
Open the OnePay app
Scroll to the “Discover more” section
Tap Personal Loans
Tap See if you pre-qualify and follow the on-screen prompts to apply
Will applying for a loan hurt my credit?#
Checking your rate and reviewing loan offers will not affect your credit score. At that stage, there would be a soft inquiry on your credit report, which can only be seen by you.
If your loan is funded, a hard inquiry is performed on your credit report. A hard inquiry may affect your credit score and can be seen by third parties.
How much can I borrow with a OnePay Personal Loan?#
OnePay Personal Loan amounts range from $1,000 to $50,000.
What rates are available for a OnePay Personal Loan?#
OnePay Personal Loans have Annual Percentage Rates (APRs) from 7.74% to 35.99%, with origination fees from 1.85% to 9.99% deducted from the loan principle. Repayment terms range from 24 to 84 months.
Your rate and terms may vary based on factors like your credit score, credit usage history, loan amount, and other factors.
Do I need any additional documents or verification?#
You may be asked to provide additional verification. Possible verification documents may include government ID, selfie, bank statements, email address, or a utility bill.
I tried to upload a document and it failed. What should I do?#
Check the document and try uploading it again. Make sure the document is the original version, with no information hidden or covered, and that all details are easy to read. All four corners of the document should be visible in the image or file. You’ll also need to use one of these file types: PDF, JPG, JPEG, or PNG.
I applied for a personal loan, how long does it take to get final approval?#
You can find out you are prequalified in minutes and most applications are approved within 24 hours after they are submitted. If additional information is needed from you, it can extend this timeline.
I was prequalified for a personal loan; how long is the offer valid?#
If you’re prequalified and do not accept the offer right away, it will remain available for 10 days.
Where will my personal loan be deposited?#
Your personal loan will be deposited into the bank account of your choosing.
How quickly will I get my funds?#
After completing verification steps, standard funding is sent by Automated Clearing House (ACH) and typically takes 1 - 3 business days.
What happens if my application is declined?#
If your application was declined for a OnePay Personal Loan, you will receive an Adverse Action notice with more information.