Personal Loans Overview
  • Fixed Rate Personal Line of Credit

    Fixed Rate Personal Line of Credit



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    • Fixed rate of 14.65% APR
    • Credit Lines up to $25,000
    • Free checks to access your line
    • Fixed rate of 14.65% APR
    • Available funds when you need them, anytime, for anything you want.
    • Payments based on amount you actually use, not on the amount of your line of credit.
    • Use your line anywhere you would use a check.
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    Overdraft Line of Credit

    Overdraft Line of Credit



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    • Fixed rate of 14.99% APR
    • Available as overdraft protection for checking account.
    • Limits start at $500
    • No fees to access for overdrafts
    • Fixed rate of 14.99% APR
    • Safety and confidence of overdraft protection on your checking account.
    • Payments based on amount you actually use, not the amount of your overdraft line.
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    Personal Loan

    Personal Loan



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    • APR as Low as 9.99%*
    • Terms up to 60 months
    • No collateral required
    APR as low as* Term Loan Amount Approx. Loan Pmt. ($15,000 loan)
    9.99% APR 36 months $500 - $25,000 
    $483.94 
    9.99% APR 48 months $5,000 - $25,000 
    $380.37 
    9.99% APR 60 months $10,000 - $25,000 
    $318.63 
    • Fixed monthly payments
    • Up to 36 months, 48 months and 60 months options
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    Bill Consolidation

    Bill Consolidation



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    • APR as Low as 9.99%*
    • Terms up to 60 months
    • No collateral required
    APR as low as* Term Loan Amount Approx. Loan Pmt. ($15,000 loan)
    9.99% APR 36 months $500 - $25,000 
    $483.94 
    9.99% APR 48 months $5,000 - $25,000 
    $380.37 
    9.99% APR 60 months $10,000 - $25,000 
    $318.63 
    • Simplify bill payments
    • Up to 36 months, 48 months and 60 months options
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  • PenFed Premium Travel Rewards American Express® Card
    • 5X points on airfare
    • 1X points on other purchases
    • No annual fee
     
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  • Details and Disclosures

  • Rates and offers current as of April 1, 2017 and are subject to change.

    *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.