OneMain Financial Performance Overview
Unique direct-to-consumer auto product
Direct Auto product an
extension of our successful
Secured Personal Loan
product, offering borrowers a
lower rate, larger loan option
Over $11B in originations
since 20141
Payment history with
former lender is an important
underwriting consideration/
loss predictor
Direct vs indirect auto
Direct Auto
Indirect Auto
Purpose
Predominantly cash-
out refinance
Vehicle purchase
Interest Rate
Interest rate
set centrally (no
branch input)
Dealer may
mark-up or choose
highest fee
Underwriting
Custom budget based
on free cash-flow
Score based lending,
significant competition
Cash Out
Refinance
75%
Verification
Closing
100% income
verification
Loan closes directly
with borrower
Sporadic verification
Loan closes
at dealer
Product type²
Free & Clear
Loan
21%
Vehicle
Purchase
4%
OneMain Financial
1. Represents total Direct Auto originations for 0-8 year old vehicles for OneMain Holdings, Inc. as of December 31, 2019. 2. Represents OneMain Holdings, Inc. 0-8 year old collateral
Direct Auto 2019 Originations.
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