Avant and OneMain Financial offer online personal loans, just like CreditNinja. But CreditNinja is one of the preferred financing options for subprime borrowers. There is no minimum credit score requirement, so we work with all types of credit backgrounds. Your credit score is merely one factor among many that we consider when making approval decisions.
If you need quick loan proceeds for unexpected expenses, this guide will compare Avant vs OneMain Financial vs CreditNinja to give you a complete overview of your lending options.
Brand Overview
It’s critical to compare personal loans before making a final decision. Here’s a brand overview of CreditNinja, Avant, and OneMain Financial personal loan ranges and benefits. While Avant and OneMain Financial are convenient, CreditNinja personal loans may be the ideal solution for unexpected expenses.
| Lender | Loan Amount Range | Key Information |
| CreditNinja | $300-$5,000 | – Offers same day funding.* – No minimum credit score to apply, takes into account current employment. – No hidden fees, can pay off loan early. – Loans up to 24 monthsSame day approval decisions.* – No prepayment penalties. |
| Avant | $2,000-$35,000 | – Funding usually by the following business day. – An upfront administration fee up to 9.99%. – Fixed-installment terms range from 24-60 months. – APRs range from 9.95%-35.99%. – No prepayment penalties. |
| OneMain Financial | $1,500-$20,000 | – Funds are usually available 1-2 business days after closing if paid by check or ACH. – Better when you need larger installment loans. – Fixed APRs range from 18.00%-35.99%. – Loans feature repayment terms of 24-60 months. – Origination fees and relatively high APRs reflect the risk profile. – More than 1,300 branch locations nationwide. |
CreditNinja
CreditNinja loans are a smarter alternative to payday loans. Loan amounts are higher and rates are often far more competitive. Here’s a quick look at some of the advantages and disadvantages of CreditNinja personal loans.
| Pros | Cons |
| – Fixed rate loans have fixed and competitive rates. – Rates are fixed so you get predictable monthly payments. – A good credit history is not required for approval. – Loan proceeds may be directly deposited into your bank account the same day.* | – Active bank account required (cannot qualify without a checking account). |
OneMain Financial
OneMain Financial is a quick lending option for large purchases and unexpected expenses. But since the minimum loan amount is higher, the eligibility requirements are stricter. If you have bad credit, you may be better off with a CreditNinja loan.
| Pros | Cons |
| – Loans range from $1,500-$20,000. – Money could be obtained 1 hour after loan closing if the applicant has a SpeedFunds debit card. – Loans can be used for credit card refinancing, medical bills, and more. | – APRs can be very high, especially if you have poor or fair credit. – The origination fees can be quite high. |
Avant
Avant offers higher amounts for personal loans. But while they could help you finance large purchases, you may end up with high rates and fees. Take a look at some of the pros and cons you can expect if you apply for one of their personal loans.
| Pros | Cons |
| – Loans range between $2,000 to $35,000. – Funds may be deposited as soon as the next business day. – Borrowers can manage their account through the Avant mobile app. | – Very high annual percentage rates. – The administration fee can be up to 9.99%. |
FAQ
Do OneMain, Avant, and CreditNinja report to credit bureaus?
Yes. All three lenders report to the major credit bureaus, which means your payment information will appear on a credit report. Paying on time can help build your credit history and credit score, while late or missed payments may hurt your credit.
Which lender is better: OneMain, Avant, or CreditNinja?
It depends on your needs. OneMain is better if you want in-person service or need a secured loan. Avant is a good choice for borrowers with average credit looking for flexible personal loans. CreditNinja works best for people with poor credit who need quick access to smaller loan amounts.
Do OneMain, Avant, or CreditNinja offer auto loans?
OneMain Financial offers personal loans that can be used as auto loans. Avant does not offer traditional auto loans, but its personal loans can be used for vehicle-related expenses. CreditNinja also doesn’t have dedicated auto loans, but its installment loans can help cover emergency car repairs or smaller vehicle costs.
Which lender is better to borrow money: OneMain, Avant, or CreditNinja?
It depends on your needs. OneMain is better if you want in-person service or need a secured loan. Avant is a good choice for borrowers with average credit looking for flexible personal loans. CreditNinja works best for people with poor credit who need quick access to smaller loan amounts.
Can I use OneMain, Avant, or CreditNinja for debt consolidation loans?
Yes. CreditNinja loans can be used for consolidation, but their smaller amounts make them less ideal for larger debt balances. Avant and OneMain both promote personal loans for debt consolidation, and Avant even offers direct creditor payments in some cases.
References:
- Online Personal Loans │ Avant
- Personal Loans│OneMain Financial
