PDF OneMain Financial Issuance Trust 2016-3 MONTHLY SERVICER REPORT

OneMain Financial Issuance Trust 2016-3 MONTHLY SERVICER REPORT

COLLECTION PERIOD Beginning Date Ending Date Payment Date Transaction Month 30/360 Days

Original Deal Parameters

Initial Cut-Off Date: Closing Date:

Initial Loan Principal Balance:

Class A Notes Class B Notes Class C Notes Class D Notes Aggregate Note Principal Balance

Overcollateralization Amount Initial Loan Principal Balance:

Note and Loan Action Date Aggregate Principal Balance Information

Class A Notes Class B Notes Class C Notes Class D Notes Aggregate Note Principal Balance

Pool Information Weighted Avg. Coupon (WAC) Weighted Avg. Loan Remaining Term (WALRT) Loan Action Date Aggregate Principal Balance Number of Loans

Loan Action Date Aggregate Principal Balance Beginning Loan Action Date Aggregate Principal Balance

Loan Principal Balance Reductions Charge-Offs Terminated Loans Renewal Loans Other Customer Charges Net Increase/Decrease Additional Loan Purchases De-designated previously Excluded Loans Excluded Loans Exchanged Loans Excluded Ineligible Loans De-Designated previously Excluded Ineligible Loans Replacement Loans Repurchased Loans Reassigned Loans

Ending Loan Action Date Aggregate Principal Balance

Excluded Ineligible Loans

Beginning Excluded Ineligible Loans Additional Designated Excluded Ineligible Loans De-designated Excluded Ineligible Loans

Total Excluded Ineligible Loans

Additional Loans

Hard Secured Loan Percentage Requirement: FICO ? score less than 541 FICO ? score 541 to 579

6/3/2016 6/7/2016

Dollars

No of Loans

$

396,938,504.18

57,091

WAC 26.14%

WALRT 46

Note Balance

% of Loan Prin Bal

$

248,700,000.00

62.65%

$

38,710,000.00

9.75%

$

29,530,000.00

7.44%

$

33,060,000.00

8.33%

$

350,000,000.00

88.17%

Interest Rate 3.83% 5.61% 6.86% 7.50%

Stated Maturity Date 6/18/2031 6/18/2031 6/18/2031 6/18/2031

$

46,938,504.18

11.83%

$

396,938,504.18

100.00%

2/1/2017 2/28/2017 3/20/2017

9 30

Beginning of Period

Note Balance

Note Factor

$

248,700,000.00

1.00000

$

38,710,000.00

1.00000

$

29,530,000.00

1.00000

$

33,060,000.00

1.00000

$

350,000,000.00

1.00000

25.55%

43

$

394,896,516.15

58,043

$

394,896,516.15

$

(10,755,825.23)

$

(3,836,425.17)

$

(4,812,629.62)

$

6,672,435.57

$

2,747.50

$

13,261,623.72

$

-

$

-

$

-

$

-

$

-

$

-

$

(6,889.75)

$

-

$

395,421,553.17

Interest Rate 3.83% 5.61% 6.86% 7.50%

End of Period

Note Balance

Note Factor

$

248,700,000.00

1.00000

$

38,710,000.00

1.00000

$

29,530,000.00

1.00000

$

33,060,000.00

1.00000

$

350,000,000.00

1.00000

25.82%

43

$

395,421,553.17

58,651

Interest Rate 3.83% 5.61% 6.86% 7.50%

Change

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

Amount

% of Additional Loans

Trigger

$

-

0.00%

0%

$

523,637.96

41.72%

20%

Page 1 of 4

Compliance

Yes Yes

OneMain Financial Issuance Trust 2016-3 MONTHLY SERVICER REPORT

Collections

Principal and Interest Collections on Loans (other than Renewals)

$

Renewal Loan Replacement Purchase Price

$

Principal and Interest used for Servicing Fee

Repurchase Proceeds related to Principal

$

Collection of Fees and other Misc. Charges

$

Recoveries/Liquidation Proceeds

$

Total Loan Collections

$

Collection Account Interest

$

Principal Distribution Account Interest

$

Reserve Account Interest

$

Reserve Draw Amount

$

Total Collections

$

Less: Withdrawn/Retained Collections and Recoveries/Liquidation Proceeds in respect to Excluded Ineligible Loans

Total Collections available for Distribution to Noteholders

$

Distributions

Indenture Trustee/Account Bank/Note Registrar/Owner

Trustee/Back-up Servicer(expenses)/Depositor Loan

Trustee/Issuer Loan Trustee

$

Indemnification Amounts up to Indemnity Cap

$

Back-Up Servicer Fees and Servicing Transition costs

$

Servicing Fee

$

Class A Monthly Interest Amount

$

First Priority Principal Payment

$

Class B Monthly Interest Amount

$

Second Priority Principal Payment

$

Class C Monthly Interest Amount

$

Third Priority Principal Payment

$

Class D Monthly Interest Amount

$

Fourth Priority Principal Payment

$

Required Reserve Amount

$

Servicer Advance Repayment

$

Regular Principal Payment Amount

$

Additional Transaction Fees

$

Unpaid Indemnification Amounts

$

Residual released to Principal Distribution Account

$

Residual released to Depositor

$

Residual released to Collection Account

$

Total

$

Reserve Account

Beginning Period Reserve Account Amount

$

Reserve Draw Amount

$

Reserve Deposit Amount

$

Ending Period Reserve Account Amount

$

Change in Reserve Account Balance

$

Required Reserve Account Amount

$

Principal Distribution Account

Beginning Period Principal Distribution Account Amount Principal Distribution Draw Amount Ending Principal Distribution Account Amount Prior to Payment Waterfall

Principal distribution Deposit Amount Distribution to Noteholders (except during Revolving Period)

Class A Noteholders Class B Noteholders Class C Noteholders Class D Noteholders Purchase of Loans on Payment Date Ending Period Principal Distribution Account Amount Change in Principal Distribution Account Amount

18,150,712.17 (1,859,805.95) (1,123,964.32)

6,889.75 98,209.20 17,671.04 15,289,711.89

8,677.12 -

1,980.51

3,910,270.78

19,210,640.30

19,210,634.30

Amount

Amount Paid

Shortfall

Carryover Shortfall

Remaining Available Funds

1,000.00 $ -$

10,000.00 $ -$

793,767.50 $ -$

180,969.25 $ -$

168,813.17 $ -$

206,625.00 $ -$

3,910,270.78 $ -$ -$ -$ -$

13,261,623.72 $ 677,570.88 $ -$

19,210,640.30 $

1,000.00 $ -$

10,000.00 $ -$

793,767.50 $ -$

180,969.25 $ -$

168,813.17 $ -$

206,625.00 $ -$

3,910,270.78 $ -$ -$ -$ -$

13,261,623.72 $ 677,570.88 $ -$

19,210,640.30 $

-$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$

-$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -

19,209,640.30 19,209,640.30 19,199,640.30 19,199,640.30 18,405,872.80 18,405,872.80 18,224,903.55 18,224,903.55 18,056,090.38 18,056,090.38 17,849,465.38 17,849,465.38 13,939,194.60 13,939,194.60 13,939,194.60 13,939,194.60 13,939,194.60

677,570.88 -

3,910,270.78 (3,910,270.78) 3,910,270.78 3,910,270.78

-

3,910,270.78

Amount

$

-

$

-

$

-

$

13,261,623.72

$

-

$

-

$

-

$

-

$

-

$

(13,261,623.72)

$

-

$

-

Page 2 of 4

OneMain Financial Issuance Trust 2016-3 MONTHLY SERVICER REPORT

Overcollaterialization

Loan Action Date Aggregate Principal Balance Amounts on Deposit in the Principal Distribution Account Aggregate Note Principal Balance

Total Overcollateralization Amount

Required Overcollateralization Amount

Overcollateralization Event:

$

395,421,553.17

$

-

$

350,000,000.00

$

45,421,553.17

$

41,027,077.70

No

Delinquency

Current One Payment Past Due Two Payments Past Due Three Payments Past Due Four thru Six Payments Past Due Seven or More Payments Past Due Total

% of Loan Principal

Loan Principal Balance

Balance

$

376,069,435.51

95.11%

$

5,526,504.00

1.40%

$

3,683,198.69

0.93%

$

3,335,333.49

0.84%

$

6,798,966.49

1.72%

$

8,114.99

$

395,421,553.17

100.00%

Charged-Off Loans

Beginning Adjusted Loan Principal Balance

$

385,359,195.82

Charged-Off Loans Recoveries

Net Charged-Off Loans

$

(3,836,425.17)

$

17,671.04

$

(3,818,754.13)

Monthly Net Loss percentage Annualized Monthly Net Loss percentage annualized for 1st Preceding Collection Period Monthly Net Loss percentage annualized for 2nd Preceding Collection Period

11.89% 9.17% 9.15%

Three (3) Month Average Monthly Net Loss Percentage

10.07%

# of Loans

% of # of Loans

55,924

95.35%

792

1.35%

521

0.89%

477

0.81%

936

1.60%

1

58,651

100%

Reinvestment Criteria Events

Original FICO ? Score Range No FICO ? Score FICO ? Score less than 541 FICO ? Score less than 581 FICO ? Score less than 621

Loan Current Deferral Limitation AOT Origination State Concentration

Top Origination State Top three (3) Origination States Weighted Average Coupon Weighted Average Loan Remaining Term

Overcollateralization Event: Reinvestment Criteria Event Reinvestment Criteria Event for 1st Preceding Collection Period Reinvestment Criteria Event for 2nd Preceding Collection Period

Amortization Events

3 Monthly Net Loss percentages Annualized 3 Consecutive Month Reinvestment Criteria Event Servicer Default

Amount

%

Trigger Level

$

165,531.71

0.04%

$

5,240,706.58

1.33%

$

43,801,191.21

11.08%

$

145,466,514.25

36.79%

1.00% 13.0% 32.0% 77.0%

$

6,954,688.58

1.76%

$

16,688,647.76

4.22%

10.00% 12.50%

$

43,874,558.92

11.10%

$

99,257,760.88

25.10%

15.0% 40.0%

25.82%

22.00%

43

50

Amount

$

45,421,553.17

No

Trigger Level

$

41,027,077.70

No No No

Amount 10.07%

Trigger Level 17.00%

Page 3 of 4

Compliance

Yes Yes Yes Yes

Yes Yes

Yes Yes Yes Yes Compliance Yes Yes Yes Yes

Amortization Event No No No

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