Personal loans made easy
Rates as low as % APR*
Flexible loans up to $50K
Terms up to 60 months
Won’t affect your credit score1
We understand everyone’s needs are different, and we’ve been tailoring loans to those needs for over 85 years.
Flexible loan terms up to 5 years
Check your rate without affecting your credit score
No fees or penalties
No origination fee, no early payoff fee, no balance transfer fee**
Won’t affect your credit score1
Flexible loan terms up to 5 years
Check your rate without affecting your credit score
No origination fee, no early payoff fee, no balance transfer fee**
Won’t affect your credit score1
Don’t just take our word for it — see what the experts are saying.
1. Check your rate
Get pre-qualified in just a few minutes with no impact to your credit score1.
2. Choose your offer
Select flexible loan terms that work for you.
3. Finalize your loan
E-sign your loan documents.
4. Get funded
Receive your money as soon as the next day!
Won’t affect your credit score1
1. Check your rate
Get pre-qualified in just a few minutes with no impact to your credit score1.
2. Choose your offer
Select flexible loan terms that work for you.
3. Finalize your loan
E-sign your loan documents.
4. Get funded
Receive your money as soon as the next day!
Won’t affect your credit score1
The process is simple, easy, and quick. Click here to see the process steps and get started with your application.
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. Find out more in our article 5 Ways to Consolidate Credit Card Debt.
PenFed offers APRs ranging from % to 17.99%. 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.
When you click “Check Your Rate,” PenFed does a soft credit pull to check the financing you’re eligible for — that does not affect your credit score. Once you accept an offer and rate, we will perform a hard credit pull to verify your information. When we perform a hard credit inquiry, your credit score may lower slightly for a short period of time.
No collateral is required. A personal loan is unsecured, which means you don’t need to put up collateral like a house or a car to secure your loan.
Rates and offers current as of and are subject to change.
1The 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.
*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.
Loan amount determines rate and term. All loans are subject to a minimum monthly payment of $50.
**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.
