How a Personal Loan can help you
What's the process?
Whats the process?
1. Check your rate
Get pre-qualified in just a few minutes with no impact to your credit score† .
2. Select from multiple pre-approved offers
Select flexible loan terms that work for you.
3. Receive your money in 1-2 business days after verification.
Receive your money as soon as the next day!
Disclosures
Rates and offers current as of and are subject to change.
1
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.
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AutoPay discount of .25% is only available prior to loan funding. Rates without AutoPay are 0.25% points higher. Excellent credit required for lowest rate.
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 24 monthly payments of approximately $
each. Rate is quoted with a .25% AutoPay discount. Autopay discount is only available prior to loan funding. Rates without autopay are 0.25% points higher.
Loan amount determines rate and term. All loans are subject to a minimum monthly payment of $50.
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There is no balance transfer fee, no early payoff fee, and no origination fee. There are no “hidden” fees such as home appraisal, closing, or title search fees that you might incur in other borrowing situations. If you do not make your monthly installment payment on time, you may incur late payment fees.