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!

PenFed Credit Union Personal Loans application: funds in up to 2 business days!

You can apply for a personal loan at PenFed credit union. Source: The Mister Finance.
You can apply for a personal loan at PenFed credit union. Source: The Mister Finance.

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!

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Personal Loan

PenFed Credit Union

Low APR Flexible Terms

PenFed Credit Union offers low APR rates and flexible terms.

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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

PenFed Credit Union has one of the best mobile apps in the market. Source: The Mister Finance.
PenFed Credit Union has one of the best mobile apps in the market. Source: The Mister Finance.

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!

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 LoansOportun Personal Loans
APR7.74% to 17.99%.Up to 35.99%.
Loan PurposeHome 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 Needed650 to 760.Loans for any credit type.
TermsUp to 60 months (depending on loan amounts and other factors).The terms depend on the loan type and state you live in.
Origination FeePenFed Credit Union Personal Loans charges no origination fees.N/A.
Late FeeYour 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 PenaltyNo 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® logo

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.

About the author  /  Victória Lourenço

Victória Lourenço is part of the finance writer team for The Mister Finance website. She is a translator and copywriter, having worked on finance topics for over four years. She has a goal to keep studying finances to help people learn more about how to use their credit cards, make loans, and use other money-related products in a way that they can find a more meaningful and healthy financial life!

Reviewed by  /  Aline Barbosa

Senior Editor

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