Personal Loans


The money you need, the hassles you don't.

  • Rates as low as % APR*
  • Check your rate without affecting your credit score!

Not a problem, anyone can join. Apply now and we'll create your membership during this application.


Receive a personal loan offer in the mail?

Features of a Personal Loan

  • As low as % APR*
  • Terms up to 60 months
  • Loans up to $
  • No early payoff penalty
  • No origination fee
  • No hidden fees

Not a problem, anyone can join. Apply now and we'll create your membership during this application.

What's the process?

Select from multiple pre-approved offers

Receive your money in 1-2 business days after verification

Apply Online

What Our Members Say

- Condaisy

“The service was quick and easy. Took the stress out of waiting and also gave many options to choose from.”

- Walter

“Great rates, customer service and quality products. Moving to PenFed has been the best financial decision for myself and my family.”

- Mandi

“It was the easiest loan process I have ever had and the rates were very competitive!”



No, you don’t need to become a member to apply. However, should you choose to move forward with your loan, you’ll need to become a member. It only takes a few minutes – anyone can apply! No military affiliation is required.

You can apply for a personal loan up to $.

No. Personal loans are unsecured, meaning you don’t need to put up collateral like a house or a car to secure your loan.

Funds are available as early as next day depending on the method selected.

Direct Deposit & ACH: 1-2 Business Days
Check: 5-7 Business Days

Actual timing may be longer or shorter depending on the time of day that your loan is processed and depending on your financial institution. Both options may not be available to every applicant.

Checking your rate will not affect your credit score. If you decide to move forward with your loan after checking your rates, we will require a full credit report inquiry which will result in a hard pull and affect your credit.


Personal Loan rates range from % to % APR.

Rates and offers current as of and are subject to change.

*Your actual APR will be determined at the time of disbursement and will be based on your loan term and creditworthiness, which includes an evaluation of your credit history and the length of your PenFed membership. Not all applicants will qualify for the lowest rate. Rates quoted assume excellent borrower credit history. Other eligibility requirements may apply.

Loan Payment Example: A $ personal loan financed at % APR would amount to 36 monthly payments of approximately $ each.

The initial inquiry will be a soft pull that will not affect your credit score. If you choose to initiate a loan application after checking your rates, you will be required to authorize a full credit report inquiry, which would be considered a hard pull and may affect your credit.

Loan amount determines rate and term. All loans are subject to a minimum monthly payment of $50.