What are One Loans?
One Loans allow you to buy what you need now and pay for it in smaller, fixed, monthly installments. For purchases at Walmart.com and in the Walmart app, you can finance your shopping cart at checkout. Simply add what you need, apply for a loan, and choose a payment plan that fits your budget. Please note that the option to pay over time with One is only available to a limited number of customers at this time through the Walmart checkout process online or in app.
How do I pay over time with One Loans?
When you are checking out at Walmart.com or in the Walmart app, you can apply to pay over time to cover your everyday purchases. Once you apply, you will be presented with up to three payment plans to select from; choose the best plan for you and then make your purchase. You may be eligible to pay over time with One Loans on purchases between $100 and $3,000.
Does applying for a loan impact my credit score?
When applying for a loan, we complete a soft credit check which does not impact your credit score. If you accept the loan and use it to make a purchase, One may report your loan activity to the major US credit bureaus.
Where can I use a loan to make a purchase?
After applying for a loan in the checkout process on the Walmart website or app, and if approved for a loan, the loan will be applied to your purchase made at Walmart.com or in the Walmart app.
Can I pay over time with One Loans in a Walmart store?
At this time, only purchases made at Walmart.com or in the Walmart app are eligible to pay over time with One.
What are the interest rates on One Loans?
You may be approved for an Annual Percentage Rate (APR) between 9.99 - 35.99%. Your approved APR will be dependent on your creditworthiness at the time you apply for the loan.
Your APR will be presented when you select a payment plan that fits your budget before making the purchase. We will show the total amount of interest you’ll pay before accepting the offer. If you pay faster than the agreed upon time, you may reduce total interest paid.
Are there fees for using One Loans?
There are no fees when you pay your loan on time. Late payments will be subject to a $5 late fee.
How big of a loan can I get with One?
Your One loan will be underwritten based on the items in your Walmart shopping cart. You may be eligible to pay over time with One on purchases between $100 and $3,000 based on loan details and your creditworthiness.
What items are eligible to pay over time with One Loans?
You can pay over time in many categories at Walmart, including:
- Electronics
- Entertainment
- Home
- Apparel
- Jewelry
- Automotive
- Sporting Goods
- Lawn & Garden
- Toys
- Durable Baby goods
-
Hearing aids and durable medical devices
Certain categories are ineligible for financing, including:
- Alcohol
- Baby consumables
- Gasoline
- Groceries & food
- Tobacco
- Weapons & accessories
- Pharmacy, health & wellness
- Pet consumables
- Personal care
- Money Services
- Wireless service plans
- 1 hour photo
- Gift Cards
Why does my loan balance increase every day?
The loan balance on your One app will change daily as interest accrues. This is in line with the total interest amount disclosed with the loan offer. The balance at any time is also the payoff balance if you choose to pay off your loan today.
How can I view my previous loans that have been paid off?
You can access paid off loans in the One app. To view your paid off loans follow these steps:
- Open the One app
- Tap
to access your Profile
- Tap Documents then Past loans
- Select the corresponding loan you wish to view