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