Loans (US)
How to apply for PenFed Credit Union Personal Loans?
Want to get a loan quickly and with flexible rates? If so, read our post to learn how to apply for PenFed Credit Union Personal Loans!
by Victória Lourenço
PenFed Credit Union Personal Loans application: funds in up to 2 business days!
Do you need loan funds in your account as soon as two business days after submitting your application? If so, you can read on to learn how to apply for PenFed Credit Union Personal Loans here!
Plus, a wide range of personal loans related to medical and even wedding purposes are available. So you’re sure to find one that fits your needs. Apply online today and see how easy it is to get the money you need!
And you can keep reading to learn all about how to apply for PenFed Credit Union Personal Loans and get access to their flexible rates and incredible loan terms. So, read on!
Online Application Process
You can easily apply online for a loan through PenFed Credit Union Personal Loans. Also, you’ll be able to check your rate for the loan you need before you start the application process.
Moreover, you’ll need to provide the personal information required, such as your home address, full name, SSN, and more!
However, you should know that you need a credit score of at least 650 (good) to qualify. But while you check your rate before applying, you won’t get a hard credit check on your score!
You will be redirected to another website
Application Process using the app
With the PenFed Credit Union mobile app, you’ll be able to access your accounts with PenFed and manage them.
Also, you’ll be able to manage your loans. However, you’ll need to complete the application process through the website!
PenFed Credit Union Personal Loans vs. Oportun Personal Loans
If you’re not so interested in getting a loan through PenFed Credit Union Personal Loans, we can help you with a different option. With Oportun Personal Loans, you can find a loan even with a low score.
On the other hand, with PenFed, you’ll need a credit score ranging from good to excellent to get a chance of approval. So, with Oportun, you’ll find loans for all credit score types.
Moreover, with Oportun, you’ll be able to see if you pre-qualify for a loan with no harm to your credit score! This way, you won’t have to worry about lowering your score during the application.
And if you want to learn more about this lender and how it compares to PenFed Credit Union Personal Loans, check out our comparison table below!
| PenFed Credit Union Personal Loans | Oportun Personal Loans | |
| APR | 7.74% to 17.99%. | Up to 35.99%. |
| Loan Purpose | Home improvement, medical and dental purposes, weddings, transportation, debt consolidation, and other personal purposes. | Home improvement, car repair, rental deposit, vacation, medical bills, and other personal emergencies. |
| Loan Amounts | $600 to $50,000. | From $300 to $12,000. |
| Credit Needed | 650 to 760. | Loans for any credit type. |
| Terms | Up to 60 months (depending on loan amounts and other factors). | The terms depend on the loan type and state you live in. |
| Origination Fee | PenFed Credit Union Personal Loans charges no origination fees. | N/A. |
| Late Fee | Your late fees depend on the late amount and loan terms. | There can be a late fee if you don’t repay your loan on time. |
| Early Payoff Penalty | No early payoff penalties. | N/A. |
If you’d like to learn more about Oportun Personal Loans, read the following content with a full review.
Oportun Personal Loans review
Check out the Oportun Personal Loans review article to learn all there is about it and decide if it could help you with your financial situation.
Victória Lourenço
Aline Barbosa
Senior Editor
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