Last Updated: 10/10/2025
PenFed Personal Line of Credit
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Last Updated: 10/10/2025
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Highlights
Amount Range
$100 - $20,000
APR (Fixed APR)
14.65%(Verified 06/21/2024)
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PenFed Personal Line of Credit Review
PenFed Personal Line of Credit is offered through PenFed Credit Union, a credit union founded in 1935 and based in Tysons, VA. Penfed line of credit are available in 50 states and Washington, DC.
PenFed Personal Line of Credit FAQ
What APRs does PenFed Personal Line of Credit offer?
PenFed Personal Line of Credit offers an APR of 14.65% APR.
Does the PenFed Personal Line of Credit charge an origination fee?
No, PenFed Personal Line of Credit does not charge an origination fee.
An origination fee is what some lenders charge for processing, underwriting, and funding a line of credit. These fees can range from 0.5% to 5% of the line of credit amount. Whenever possible, go with lenders that don’t charge origination fees.
Does the PenFed Personal Line of Credit charge a cash advance fee?
No, PenFed Personal Line of Credit doesn't charge a cash advance fee. Some lenders charge a cash advance fee every time borrowers withdraw cash from their line of credit. Typically, fees range from 0.5% to 10% of the amount withdrawn.
Does PenFed Personal Line of Credit charge a late fee?
Yes, PenFed Personal Line of Credit may charge borrowers a late payment fee .How much can you borrow via PenFed Personal Line of Credit?
Upon approval and based on your credit worthiness, your PenFed Personal Line of Credit personal line of credit will be assigned a credit limit of at least $100 and as much as $20,000. .
| Cash Advance Fee | N/A |
| Origination Fee | No |
| Prepayment Fee? | No |
| Late Payment Fee | No |
| Statement Balance Fee | No |
| Billing Cycle Charge | No |
What do you need to qualify for PenFed Personal Line of Credit?
Applicants with a credit score of at least 500 and up to 850 may be eligible for PenFed Personal Line of Credit. The minimum age to be eligible is 18 or the state minimum, whichever is higher. PenFed Personal Line of Credit 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 Personal Line of Credit.
To qualify, applicants may need to provide the following documentation:
- Applicants must have an active and valid personal checking account
- Recent pay stubs
- Proof of income
- Driver's license or other government photo ID
- Proof of citizenship or residence permit
What is the estimated funding time for a personal line of credit via PenFed Personal Line of Credit?
PenFed Personal Line of Credit will typically fund personal lines of credit within 5 business day s of approval.Does PenFed Personal Line of Credit report your account activity to credit bureaus?
Yes, PenFed Personal Line of Credit 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?
Yes, Penfed line of credit performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
How to apply for PenFed Personal Line of Credit
- Visit the PenFed Personal Line of Credit website.
- Fill in the application form. You will typically need to provide general information such as your name, address, email address, Social Security Number, source of income and employment, and checking account information.
- Check the information is accurate and submit your application.
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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