Definitely. Every year millions of U.S. consumers use unsecured loans for debt consolidation of high-interest credit. If you’re feeling overwhelmed by multiple debt payments, or you want to lower your monthly payments, you can combine unsecured debts into one lower, fixed-rate loan.

You can apply for a personal loan up to $.

APRs range from % to %. 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.

Yes, there are no penalties for paying off your loan early.

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 the next day if you pay for expedited shipping. To get your money sooner, you can always pick up your check from a PenFed branch.

No, applying for a loan is free. We also offer $0 origination fees.

Yes. Applying with a co-borrower may help you qualify for a lower interest rate.

No, you don’t need to become a member to apply. However, should you choose to move forward and fund your loan, you’ll need to become a member. It’s an easy process – no military affiliation required.

In order to get a loan with us, you will need to become a PenFed member. But don’t worry! We will walk you through the easy membership process after your loan is decisioned. It only takes a few minutes – anyone can join!