The money you need, the hassles you don't.
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Check your rate without affecting your credit score†
Select from multiple pre-approved offers
Receive your money in 1-2 business days after verification
Explore the possibilities
You can apply for a personal loan up to $.
Your actual APR will be determined at the time of disbursement and will be based on your 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 conditions may apply.
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 next day depending on the method selected.
Direct Deposit & ACH: 1-2 Business Days
Check: 5-7 Business Days
Actual timing may be longer or shorter depending on the time of day that your loan is processed and depending on your financial institution. Both options may not be available to every applicant.
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!
