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  PenFed Credit Union Auto Loans

PenFed Credit Union Auto Loans

in Auto Loans from PenFed Credit Union

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PenFed Credit Union Auto Loans

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in Auto Loans from PenFed Credit Union

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Highlights
Highlights
Loan Amount $500 - $100,000
APR  (Fixed APR) Starting at 2.49%
Credit Score Range 550 - 850
Loan Term Up to 36 months

PenFed Credit Union Auto Loans Review

PenFed Credit Union Auto Loans is an auto purchase finance offering by PenFed Credit Union, a credit union based in Alexandria, VA. Founded in 1935, PenFed Credit Union offers auto loans in 50 states (and Washington, DC).

How much can you borrow via PenFed Credit Union Auto Loans?

PenFed Credit Union Auto Loans auto loan amounts start at $500 and go up to $100,000.

What APR does PenFed Credit Union Auto Loans offer on its auto loans?

PenFed Credit Union Auto Loans offers a fixed APR auto loan product that ranges from 2.49% APR.

Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

What is the maximum loan term you can get with PenFed Credit Union Auto Loans?

PenFed Credit Union Auto Loans has auto loans with a maximum term of 36 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your auto loan, the more interest you will pay.

Does PenFed Credit Union Auto Loans charge an origination fee?

Yes, PenFed Credit Union Auto Loans may charge a loan origination fee of 0% of the loan amount of $0 PenFed Credit Union Auto Loans deducts the fee directly from your loan amount before depositing your money, so make sure you take this fee into account when deciding how much you need to borrow.

Does PenFed Credit Union Auto Loans charge a late fee?

Yes, PenFed Credit Union Auto Loans charges borrowers with a late payment penatly fee of up to $25

Does PenFed Credit Union Auto Loans charge prepayment fees?

Yes, PenFed Credit Union Auto Loans does charge borrowers a fee if they pay their loans early. Consider prepayment fees when you choose a lender because prepayment can reduce or even cancel the interest savings of repaying a loan early.

Can I pay off early my PenFed Credit Union Auto Loans loan?

Yes, you can. However, PenFed Credit Union charges a prepayment fee if you pay your auto loan early. This fee could reduce or eliminate the savings from paying the auto loan early.

What are the PenFed Credit Union Auto Loans auto loan requirements?

Applicants with a credit score of at least 550 can apply for a loan via PenFed Credit Union Auto Loans. The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.

To qualify, applicants may need to provide the following documentation:

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Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Origination Fee ($) $0
Origination Fee 0%
Late Fee Amount $25
Minimum Age 18
Credit Score Range 550 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Retired
  • Self-Employed
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Supported Income Types
  • 1099 Misc. Income
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
Joint Loan Applications Accepted
  • Individual Applications
Verification Documents Required
  • Government Issued Photo ID
Loan Amount $500 - $100K
Loan Term Up to 36
APR (Fixed APR) Starting at 2.49%

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