One (One Finance) review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

One is a broker for US shoppers splitting a purchase at the Walmart checkout, with fixed rates, plans of $25 to $6,000 and an origination fee of 0 USD. It suits anyone wanting a soft prequalification and same-day funding, and rules out anyone who needs cash in hand or a longer term.

Key facts

Best for
Paying for a Walmart purchase over 3 to 36 with a soft prequalification.
APR
9.99% to 35.99% (Source, checked September 26, 2026)
Loan amount
$25 to $6,000 (Source, checked September 26, 2026)
Term
3 to 36 months (Source, checked September 26, 2026)
Arrangement fee
0 USD (Source, checked September 26, 2026)
Credit check
Soft prequal (Source, checked September 26, 2026)
Funding time
Instant cash back to the OnePay account at Walmart checkout (Source, checked September 26, 2026)
Representative example
a $304.84 purchase might cost $27.36 per month over 12 months at 13.99% APR (Source, checked September 26, 2026)
Rate type
Fixed (Source, checked September 26, 2026)
Lender type
Broker (Source, checked September 26, 2026)
Free early repayment
Yes (Source, checked September 26, 2026)
Eligibility
U.S. resident with a valid U.S. address; at least 18 with a valid Social Security number; valid debit card or bank account; able to receive text verification codes (Source, checked September 26, 2026)
Loan types
BNPL (Source, checked September 26, 2026)
Use cases
Home-improvement (Source, checked September 26, 2026)
Legal entity
One Finance, Inc. (Source, checked September 26, 2026)
Headquarters
United States (Source, checked September 26, 2026)
Support channels
Phone, Chat, Help-centre (Source, checked September 26, 2026)
Pricing model
Fixed rate
Features
Same-day funding
Official website
one.app

Apps and profiles

Get the app
App Store
Elsewhere
LinkedInXyoutube.com

Pros and cons

Pros

  • An origination fee of 0 USD on plans priced at 9.99% to 35.99%.
  • A soft prequalification (soft prequal) rather than a hard credit search.
  • Same-day funding (same day funding) back to the OnePay account at the Walmart checkout.
  • Early repayment is free, and help is available on phone, chat and help centre.

Cons

  • One works as a broker (broker) rather than a direct lender, so a partner firm sits between you and the funding.
  • The top of the 9.99% to 35.99% range sits above the 12% typical across the site, so the worst case is expensive.
  • Funding is tied to the Walmart checkout (Instant cash back to the OnePay account at Walmart checkout), which rules out a transfer for a project already paid for.
One (One Finance)

Ready to try One (One Finance)?

Scored 8.6 / 10 by BorrowCue.

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Who it suits

  • US adults with a valid US address, a Social Security number and a debit card or bank account who can take text verification codes.
  • Shoppers who want a home improvement purchase at Walmart split into fixed rate instalments of $25 to $6,000.
  • Borrowers who would rather see eligibility with a soft prequalification than a hard credit search.

Who should look elsewhere

  • Anyone who needs to borrow more than $25 to $6,000: Monzo Flex covers larger sums, with rates of 10% to 23%.
  • Anyone put off by the top of the 9.99% to 35.99% range: Sofkredit caps at 10.74% to 18.06%.

How One (One Finance) compares

Where One (One Finance) is available

Available
United States
Licence in United States
NMLS (One Finance, Inc.) (2273210), checked September 26, 2026
Licence in United States
NMLS (OneProgress Services LLC, formerly One Finance Services LLC) (2460509), checked September 26, 2026
Licence in United States
California Department of Financial Protection and Innovation (60DBO-131026), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate does One charge?+

One quotes 9.99% to 35.99% on its buy now pay later plans, and the rate is fixed, so the figure does not drift with the market. The representative example shows a purchase paid in monthly instalments across the term at the stated rate. Compare that with the 12% typical across the site.

Are there fees on top of the interest?+

The listed origination fee is 0 USD, so nothing is charged on top of the interest at the start. The 9.99% to 35.99% range is the figure that decides the real cost, since it folds the cost of borrowing into a single number. Early repayment is free as well.

How much can I borrow with One?+

Plans run $25 to $6,000 on One, which covers a single checkout rather than a whole renovation. The money goes back to the OnePay account at the Walmart checkout (Instant cash back to the OnePay account at Walmart checkout), so the sum is tied to that purchase. Buyers planning a larger project would need a different product.

How long do I have to repay?+

Repayment runs 3 to 36 on a One plan, which is shorter than the 60 typical of home improvement loans on the site. A shorter term means a higher monthly instalment on the same purchase, so the trade-off between a bigger monthly cost and a longer payoff is yours.

Does applying affect my credit?+

The check listed for One is a soft prequalification (soft prequal), so eligibility can be judged without a hard search landing on your file. Approval still rests on the partner lender's own criteria, since One works as a broker rather than lending the money itself.

How quickly is the money available?+

Funding is marked as same day funding, and the cash returns to the OnePay account at the Walmart checkout as you pay. You are not receiving a transfer to your own bank for a project you have already paid for, which is the clearest difference from a standard personal loan.

Is One regulated?+

One Finance, Inc. and OneProgress Services LLC, formerly One Finance Services LLC, both appear in the NMLS records under 2273210 and 2460509. The group is also registered with the California Department of Financial Protection and Innovation under 60DBO-131026.

Can I pay the plan off early?+

Early repayment is free on One, so clearing the plan before the end of the term adds nothing. That matters on a fixed rate, where the instalment does not shrink as the balance falls. Borrowers who expect to settle a plan sooner pay no exit charge.

Sources

  • one.app checked September 26, 2026

    Backs: Support channels

    “(855) 830-6200, 24 hours a day, 7 days a week; Chat available in app 24/7”

  • linkedin.com/company/joinonepay checked September 26, 2026

    Backs: Headquarters

    “Headquarters New York, NY”

  • onepay.com/legal/lenders-disclaimers checked September 26, 2026

    Backs: Lender type

    “OnePay Later loans are powered by Klarna and issued by WebBank.”

  • onepay.com/legal/licenses checked September 26, 2026

    Backs: Legal entity, Licences

    “One Finance, Inc., Nationwide Multistate Licensing System”

  • onepay.com/paylater checked September 26, 2026

    Backs: Loan amount, APR, Credit check, Eligibility, Features, Free early repayment, Funding time, Loan types, Pricing model, Arrangement fee, Rate type, Representative example, Term, Use cases

    “If approved, OnePay Later can be used for eligible purchases between $25 and $6,000.”

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

One (One Finance)

One (One Finance)

Paying for a Walmart purchase over 3 to 36 with a soft prequalification.

8.6/10See alternatives

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