PERSONAL LOANS

OUR LOW RATE PERSONAL LOANS HELP YOU FOCUS ON WHAT MATTERS

Find a loan that helps cover whatever comes your way.

PERSONAL LOANS

Whether you’re looking to finance a home addition or a summer vacation, a personal loan can help. Receive one lump sum and pay it back in fixed monthly payments.

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BILL CONSOLIDATION LOANS

Feeling overwhelmed by multiple debt payments? With debt consolidation, you can combine unsecured debts into one loan with a lower interest rate.

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PERSONAL LINE of CREDIT

Access cash when you need it most. When life throws an unexpected expense your way, tap into your savings with a personal line of credit.

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OVERDRAFT LINE of CREDIT

Safety and confidence of overdraft protection on your checking account.

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AT A GLANCE

OUR MOST POPULAR LOAN OPTIONS

Bill Consolidation Loan

APR as low as* Term Loan Amount Approx. Loan Pmt.
($15,000 Loan)
% 36 months $ - $ $
Apply Now

Apply before becoming a member.

After your application, we’ll help you:

1. Discover how you’re eligible to become a PenFed member

2. Open a Savings/Share Account and deposit at least $5

PERSONAL LOAN

APR as low as* Term Loan Amount Approx. Loan Pmt.
($15,000 Loan)
% 36 months $- $ $
Apply Now

Apply before becoming a member.

After your application, we’ll help you:

1. Discover you’re eligible to become a PenFed member

2. Open a Savings/Share Account and deposit at least $5

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Rates and offers current as of and are subject to change. All loan programs are subject to credit approval.

*Your actual APR will be determined at the time of disbursement and will be based on your application and credit information. Not all applicants will qualify for the lowest rate. Rates quoted assume excellent borrower credit history.

Personal Loan:
Loan amount determines rate and term. All loans are subject to a minimum monthly payment of $50. PenFed does not permit internal refinances of an existing PenFed Personal loan.

Bill Consolidation Loan:
In order to consolidate an existing PenFed loan, line of credit, or credit card, the current rate must be equal to or greater than the rate on your existing PenFed loan, line of credit, or credit card. PenFed does not permit internal refinances of an existing PenFed Bill Consolidation loan.

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

Fixed Rate Personal Line of Credit:
After account opening, a three business day waiting period applies for credit line advances. These line of credit accounts cannot be used for overdraft protection.

Overdraft Line of Credit:
After account opening, a three business day waiting period applies for credit line advances. This account can only be accessed by overdraft from a checking account. No other types of advances are permitted.

AT A GLANCE

OTHER LOAN OPTIONS

Fixed Rate Personal Line of Credit

Fixed Rate of Credit Lines up to
% APR $25,000
Apply Now

To become a member and apply, follow these steps:

1. Apply for membership

2. Open a savings/share account with only $5

3. Complete your line of credit application

OVERDRAFT LINE OF CREDIT

  • Fixed rate of 17.99% APR
  • Available as overdraft protection for checking account.
  • Limits start at $500
  • No fees to access for overdrafts
Apply Now

To become a member and apply, follow these steps:

1. Apply for membership

2. Open a savings/share account with only $5

3. Complete your line of credit application

 

LEARN MORE ABOUT PERSONAL FINANCE