Last Updated: 10/21/2025
PenFed Credit Union Auto Refinance
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Last Updated: 10/21/2025
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Highlights
Amount Range
$15,000 - $150,000
APR (Fixed APR)
Starting at 4.19%(Verified 10/21/2025)
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Credit Score Range
650 - 850
Loan Term (Months)
36 - 84
PenFed Credit Union Auto Refinance Review
Penfed auto refinance is an auto loan refinance offering by PenFed Credit Union, based in Tysons, VA. Founded in 1935, PenFed Credit Union offers auto refinance loans in 50 states (and Washington, DC).
Key Takeaways
- Vehicle types. PenFed Credit Union only refinances cars and trucks.
- Fair credit accepted. The credit score needed for PenFed Credit Union Auto Refinance is relatively low. Borrowers with a credit score as low as 650 may qualify for PenFed Credit Union Auto Refinance.
- Refinancing for large loan amounts. You can refinance auto loans of up to $150,000 with PenFed Credit Union Auto Refinance.
- No origination fee. PenFed Credit Union Auto Refinance does not charge an origination fee for processing your loan application.
- Long loan terms. PenFed Credit Union Auto Refinance offers loan terms of up to 84 months. Most auto refinancing loans have a maximum term of 60 months.
Penfed auto refinance Pros & Cons
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Penfed auto refinance FAQ
How much can you borrow via Penfed auto refinance?
Auto refinance loan amounts start at $15,000 and go up to $150,000.
What are the auto loan refinancing rates offered through Penfed auto refinance?
Penfed auto refinance offers a fixed APR car loan refinancing product that ranges from 4.19% APR.
What is the maximum loan term you can get with Penfed auto refinance?
Penfed auto refinance offers auto refinancing with terms ranging from 36 to 84 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 refinancing loan, the more interest you will pay.
Does Penfed auto refinance charge an origination fee on auto refinance loans?
No, Penfed auto refinance does not charge a loan origination fee for refinancing a car loan.
A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically fees range from 0.5% to 5% of the loan amount.
Does Penfed auto refinance charge a late fee?
Yes, auto refinance loans via Penfed auto refinance are subject to late payment penalty fees of up to $29 .
Does Penfed auto refinance charge prepayment fees?
No, there is no prepayment penalty.
What do you need to qualify for PenFed Credit Union Auto Refinance?
Applicants with a credit score of at least 650 and up to 850 may be eligible for PenFed Credit Union Auto Refinance. PenFed Credit Union Auto Refinance does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by PenFed Credit Union Auto Refinance.
To qualify, applicants may need to provide the following documentation:
- Proof of income
- Proof of insurance
- Government issued photo ID
- Proof of identity
- Proof of citizenship or residence permit
- Proof of residence
Does PenFed Credit Union Auto Refinance report your account activity to credit bureaus?
Yes, PenFed Credit Union Auto Refinance reports to the following credit bureaus:
- Equifax
- Experian
- TransUnion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.
Does PenFed Credit Union perform a hard credit pull?
As is the case with most providers, a hard credit pull will likely occur if you accept an offer after checking your rates. Penfed auto refinance allows you to check your rates with a soft credit pull.
Is PenFed Credit Union a legit company?
PenFed Credit Union was founded in 1935, it is a well-established company that has been in business for 91 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.
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Message from Penfed auto refinance
Hours of Operation
Sunday
Closed
Monday
8:00AM - 4:00PM
Tuesday
8:00AM - 4:00PM
Wednesday
8:00AM - 4:00PM
Thursday
8:00AM - 4:00PM
Friday
8:00AM - 4:00PM
Saturday
Closed