Last Updated: 04/18/2025
GenFed Financial Personal Loans
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APR (Variable APR)
Starting at 3.05%(Verified 06/21/2024)
Amount Range
$500 - $20,000
Loan Term (Months)
Up to 120
GenFed Financial Personal Loans Review
GenFed Financial Personal Loans is offered by GenFed Financial Credit Union, a credit union founded in 1938 and based in Akron, OH. GenFed Financial Personal Loans are available in 50 states and Washington, DC.
Key Takeaways
- 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. Personal loan interest rates typically range between 9% and 36%. The starting rates for GenFed Financial Personal Loans are on the lower end of the spectrum.
- Super long loan terms. GenFed Financial Personal Loans offers loan terms of up to 120 months. Most personal loans have a maximum term of 60 months.
GenFed Financial Personal Loans Pros & Cons
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GenFed Financial Personal Loans FAQ
What interest rates and personal loan terms does GenFed Financial Personal Loans offer?
GenFed Financial Personal Loans has lower than average interest rates for lenders reviewed on SuperMoney.
What interest rates does GenFed Financial Personal Loans offer?
GenFed Financial Personal Loans offers a variable APR personal loan product that starts at 3.05% APR.
How much can you borrow via GenFed Financial Personal Loans?
Personal loan amounts start at $500 and go up to $20,000
What is the maximum loan term you can get with GenFed Financial Personal Loans?
GenFed Financial Personal Loans offers loans with terms of up to 120 months.
| Personal Loan Amount | $500 - $20000 |
| Loan Term | up to 120 months |
| APR | Starting at 3.05% |
What fees does GenFed Financial Personal Loans charge?
Does GenFed Financial Personal Loans charge an origination fee?
GenFed Financial Personal Loans may charge a personal loan origination fee .
Does GenFed Financial Personal Loans charge a late fee?
GenFed Financial Personal Loans does not disclose whether it charges late payment fees.
Does GenFed Financial Personal Loans charge prepayment fees?
No, GenFed Financial 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.
| Origination Fee | No |
| Prepayment Fee | N/A |
| Late Payment Fee | No |
What do you need to qualify for GenFed Financial Personal Loans?
GenFed Financial 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. GenFed Financial Personal Loans 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 GenFed Financial Personal Loans.
To qualify, applicants may need to provide the following documentation:
- Driver's license or other government photo ID
- Proof of identity
- Proof of citizenship or residence permit
| Minimum Age | 18 |
| Bank Account Required? | No |
| Credit Score | N/A |
Does GenFed Financial Personal Loans report your account activity to credit bureaus?
Yes, GenFed Financial Personal Loans 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 GenFed Financial Credit Union perform a hard credit pull?
Yes, GenFed Financial Personal Loans 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.
Are GenFed Financial Personal Loans legit?
GenFed Financial Credit Union was founded in 1938, it is a well-established company that has been in business for 88 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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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:30PM
Tuesday
9:00AM - 5:30PM
Wednesday
9:00AM - 5:30PM
Thursday
9:00AM - 5:30PM
Friday
9:00AM - 5:30PM
Saturday
9:00AM - 6:00PM