Life's big moments don't wait
Weddings, vacations, family planning — we've got you covered with a PenFed Personal Loan.
Won’t affect your credit score¹
BENEFITS
Get peace of mind with PenFed
Turn a large purchase into convenient, monthly payments. Get the money you need, without the hassles you don’t.
FAMILY PLANNING
We’re excited to help you grow your family!
A PenFed personal loan helps you manage expenses, letting you cherish your family's newest addition
Adoption
A PenFed Personal Loan for family planning offers manageable payments for domestic or international adoption — whether private or through foster care.
In Vitro Fertilization (IVF)
You can use your loan to cover the entire IVF process, including preparation, retrieval, genetic testing, implantation, and egg or embryo storage.
Surrogacy & Egg Freezing
Your loan can help you with the costs of agency fees, surrogate expenses, legal fees, retrieval and storage expenses, and medical treatments.
Pregnancy
Fund expected and unexpected costs — when you’re expecting. Use a PenFed Personal Loan to cover prenatal, medical, unpaid leave, and other support costs.
Won’t affect your credit score1
WEDDING
Let us hold your hand down the aisle
Finance all of the fine details — from your engagement photos to your honeymoon.
Engagement
Engagement photos
Engagement rings
Engagement and rehearsal dinners
Ceremony
Wedding rings
Attire
Wedding photos
Music
Food
Flowers
Travel
Destination wedding
Relatives' travel
Honeymoon
Won’t affect your credit score1
TRAVEL
Your next adventure awaits
Create lasting memories — not lasting debt — with a PenFed Personal Loan for travel.
Family & Friends
Ocean and riverboat cruises
City and regional tours
Cultural destinations
Volunteer excursions
Recreational
Photographic safaris
Cycling or walking tours
Kayaking voyages
Rafting trips
Mountain climbing
Sailing and watersports
Backpacking excursions
Friends & Family
No origination fee
No early payoff fee
City and regional tours
Volunteer excursions
Recreational
Photographic safaris
Cycling or walking tours
Kayaking voyages
Rafting trips
Mountain climbing
Sailing and watersports
Backpacking excursions
MEDICAL
A path to a healthier you
Whatever your medical needs may be, PenFed is here to help you manage them.
Planned medical procedures
Orthodontics and dental care
Vision care
Elective surgery
Post-operative care and equipment
Medical and mobility devices
Cosmetic procedures
Cosmetic surgery
Minimally invasive treatments
Won’t affect your credit score1
Enjoy an easy loan process
Fast funding for your dream trip, joyous wedding, future family, and major expenses¹.
FAQs
Because a personal loan has a fixed rate, using a personal loan for large purchases usually makes more sense than using a credit card, which has a variable rate. An exception might be if you have a card with a low introductory interest rate that is lower than the personal loan rate. In that case, using your credit card might be better.
Additionally, credit card payments can vary from month to month, making it hard to save money and pay off your debt. Personal loans have fixed monthly payments, which means there will be no surprises on how much you owe each month.
To decide whether to use a medical loan or a payment plan or financing through your provider, compare the interest rate offered in both situations. Also see if the provider will charge any fees for the payment plan, and how long you would have to pay off the cost of the treatment. Then determine which option will be the lowest-cost option and has a payment amount you can manage.
If you're a student at an accredited institution, it might be better to consider a student loan. That's because you're generally not required to pay back your student loan — and you can often defer interest accrual — until after your academic program has completed.
A travel loan can be good for expenses that a student loan might not cover — such as flight tickets or expenses at your destination should you decide to depart early to get acclimated before your classes begin or extend your stay past your program's end date.
Yes. You can use your loan to fund recent, current, or future family planning needs.
If you've already charged some expenses using credit, you may want to use a debt consolidation loan. However, if you still need more funds to make your dream wedding come true, you could use one personal loan for both your current debt and future expenses.
Learn more about personal loans
Disclosures
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.
*AutoPay discount of .25% is only available prior to loan funding. Rates without AutoPay are 0.25% points higher. Excellent credit required for lowest rate.
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 24 monthly payments of approximately $
each. Rate is quoted with a .25% AutoPay discount. Autopay discount is only available prior to loan funding. Rates without autopay are 0.25% points higher.
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.