What are One Loans?
With One Loans, you can make purchases at Walmart.com and in the Walmart app and pay for it in smaller, fixed, monthly installments. Simply add what you need, apply for a loan, and choose a payment plan that fits your budget at checkout. 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 check out at Walmart.com or in the Walmart app, you may be presented with the option to pay over time for eligible purchases. After applying, if you are approved, you will be presented with up to three payment plans. 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.
Where can I use a loan to make a purchase?
You can apply for a loan in the checkout process on the Walmart website or app. If you are approved for a loan, the loan will be applied to your Walmart purchase.
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 information in your application and 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 you accept 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 amount will be 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.com or in the Walmart app, 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?
One uses the daily simple interest method to calculate interest. This means that interest accrues daily on your outstanding loan amount.
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:
- Tap
(person icon) to access your Profile in the One app
- Tap Documents then Past loans
- Select the corresponding loan you wish to view