|APR (Variable APR)||
Starting at 9.75%
|Loan Term (Months)||N/A|
Dover Federal Personal Loans Review
Dover Federal Personal Loans is offered by Dover Federal Credit Union, a credit union founded in 1958 and based in Dover, DE. Dover Federal Personal Loans are available in 50 states (and Washington, DC).
- Uses a variable APR. This is uncommon for personal loans. If interest rates rise in the future it could make the monthly payments more challenging. These are average interest rates for a personal loan. If you have good credit or a cosigner, you could probably find better rates.
- Charges a prepayment fee. This is rare for personal loans. It means you will have to pay a fee if you pay off your Dover Federal Personal Loans early.
Dover Federal Personal Loans Pros & Cons
Dover Federal Personal Loans FAQ
What interest rates and personal loan terms does Dover Federal Personal Loans offer?
What interest rates does Dover Federal Personal Loans offer?
Dover Federal Personal Loans offers a variable APR personal loan product that starts at 9.75% APR.
|Personal Loan Amount||N/A|
|APR||Starting at 9.75%|
What fees does Dover Federal Personal Loans charge?
Does Dover Federal Personal Loans charge an origination fee?
Dover Federal Personal Loans may charge a personal loan origination fee.
Does Dover Federal Personal Loans charge a late fee?
No, Dover Federal Personal Loans will not charge you a late fee if you miss one of the monthly payments.
Does Dover Federal Personal Loans charge prepayment fees?
No, Dover Federal Personal Loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the personal loan off early.
|Late Payment Fee||No|
What do you need to qualify for Dover Federal Personal Loans?Dover Federal Personal Loans does not require or does not disclose a credit score minimum. The minimum age to be eligible is 18 or the state minimum, whichever is higher.
Dover Federal Personal Loans does not have or does not disclose a minimum annual income eligibility requirement. Dover Federal Personal Loans only considers borrowers who are employed.
The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Dover Federal Personal Loans. Their rates fall within the limits of The Military Lending Act.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Dover Federal Personal Loans.
To qualify, applicants may need to provide the following documentation:
- Proof of income
- Driver's license
- Proof of identity
- Proof of citizenship or residence permit
|Bank Account Required?||No|
|Application Types Accepted||
Does Dover Federal Personal Loans report your account activity to credit bureaus?
Yes, Dover Federal Personal Loans reports your account activity to the following credit reporting agencies:
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.
Are Dover Federal Personal Loans legit?
Dover Federal Credit Union was founded in 1958, it is a well-established company that has been in business for 65 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.
Other Services by Dover Federal Credit Union
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- Washington, DC
- West Virginia
|Employment Statuses Considered||
|Immigration Status Considered||
|Joint Loan Applications Accepted||
|Supported Income Types||
|Verification Documents Required||
|Credit Bureau Reporting||
|APR Type||Variable APR|
|APR (Variable APR)||
Starting at 9.75%