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  Navy Federal Credit Union Personal Loans
Navy Federal Credit Union Personal Loans
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Navy Federal Credit Union Personal Loans

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in Personal Loans from Navy Federal Credit Union
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Highlights
APR  (Fixed APR) 7.49% - 18%
Loan Amount $250 - $50,000
Loan Term (Months) Up to 180 months

Navy Federal Credit Union Personal Loans Review

Navy Federal Credit Union Personal Loans is offered by Navy Federal Credit Union, a credit union founded in 1933 and based in Vienna, VA. Navy Federal Credit Union Personal Loans are available in 50 states (and Washington, DC).

Key Takeaways

  • APRs starting at 7.49%. These are typical starting rates for personal loans.
  • Fast access to funds. If approved, you can sometimes get your money within 1 business day*.
  • Large loan amounts. You can apply for loan amounts of up to $50,000 with Navy Federal Credit Union Personal Loans.
  • No origination fee. Navy Federal Credit Union Personal Loans does not charge a loan origination fee.
  • Super long loan terms. Navy Federal Credit Union Personal Loans offers loan terms of up to 180 months. Most personal loans have a maximum term of 60 months.

Navy Federal Personal Loan Pros & Cons

Pros Cons
  • $0 prepayment fee.
  • Loan options with $0 origination fee.
  • Funding available within 1 business day.
  • Do not offer pre-approval with soft credit pull.
  • Charges a late fee of $29

Navy Federal Personal Loan FAQ

What interest rates and personal loan terms does Navy Federal Personal Loan offer?

Navy Federal Personal Loan has lower than average interest rates for lenders reviewed on SuperMoney.

What interest rates does Navy Federal Personal Loan offer?

Navy Federal Personal Loan offers a fixed APR personal loan product that ranges from 7.49% APR up to 18% APR.

How much can you borrow via Navy Federal Personal Loan?

Personal loan amounts start at $250 and go up to $50,000.

What is the maximum loan term you can get with Navy Federal Personal Loan?

Navy Federal Personal Loan offers loans with terms of up to 180 months.

Navy Federal Personal Loan Interest Rates & Loan Terms
Personal Loan Amount $250 - $50000
Loan Term up to 180 months
APR 7.49% - 18%

What fees does Navy Federal Personal Loan charge?

Does Navy Federal Personal Loan charge an origination fee?

Navy Federal Personal Loan does not charge a personal loan origination fee.

A personal loan origination fee is what some lenders charge for processing, underwriting, and funding a personal loan. Typically origination fees range from 0.5% to 5% of the personal loan amount. Whenever possible, go with lenders that don’t charge origination fees.

Does Navy Federal Personal Loan charge a late fee?

Yes, Navy Federal Personal Loan may charge borrowers a late payment fee if you miss one of the monthly payments of up to $29.

Does Navy Federal Personal Loan charge prepayment fees?

No, Navy Federal Personal Loan 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.

Navy Federal Personal Loan Fees
Origination Fee No
Prepayment Fee No
Late Payment Fee $29

What do you need to qualify for Navy Federal Credit Union Personal Loans?

Navy Federal Credit Union 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.

Navy Federal Credit Union Personal Loans does not have or does not disclose a minimum annual income eligibility requirement. Navy Federal Credit Union 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 Navy Federal Credit Union 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 Navy Federal Credit Union Personal Loans.

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

  • Driver's license
  • Government issued photo ID
  • Proof of identity
  • Proof of citizenship or residence permit
Navy Federal Personal Loan Eligibility Criteria
Minimum Age 18
Bank Account Required? No
Application Types Accepted
  • Individual Applications
  • Credit Score N/A

    What is the estimated funding time for a personal loan via Navy Federal Personal Loan?

    Navy Federal Personal Loan will typically provide a credit approval decision in less than an hour and fund the loan within 1 business day.

    Does Navy Federal Credit Union Personal Loans report your account activity to credit bureaus?

    Yes, Navy Federal Credit Union Personal Loans reports your account activity to the following credit reporting agencies:

    • 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 improve your credit.

    Are Navy Federal Credit Union Personal Loans legit?

    Navy Federal Credit Union was founded in 1933, it is a well-established company that has been in business for 90 years.

    Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.

    SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
    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.

    Message From Navy Federal Personal Loan

    A loan from Navy Federal can be a great way to consolidate debt, finance home improvements or cover unexpected expenses. Applying is fast and easy, and you can enjoy a fixed monthly payment at a competitive rate. Plus, you won’t pay any origination or prepayment fees. In most cases, you’ll receive same-day funding.

    Availability

      Available in 50 states and Washington, D.C.
    • Alabama
    • Alaska
    • Arizona
    • Arkansas
    • California
    • Colorado
    • Connecticut
    • Delaware
    • 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
    • Washington, DC
    • West Virginia
    • Wisconsin
    • Wyoming

    Feature Breakdown

    Late Fee Amount $29
    No Origination Fee
    No Prepayment Fee
    Employment Statuses Considered
    • Other
    • Employed Full-Time
    • Employed Part-Time
    • Self-Employed
    • Retired
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Joint Loan Applications Accepted
    • Individual Applications
    Military Status
    • Active Duty Military
    • Non-Military
    • Veterans
    • Military Dependent
    Minimum Age 18
    Supported Income Types
    • Direct Deposit (W2, SSA, SSDI)
    • Cash
    • Payroll Check or Prepaid Card
    • 1099 Misc. Income
    Verification Documents Required
    • Driver License (or other photo ID)
    • Proof of citizenship/residence (Green Card)
    • Proof of Identity
    • Government Issued Photo ID
    • Social Security Number
    Credit Bureau Reporting
    • Experian
    • Equifax
    • TransUnion
    Funding Time Range 1 day
    Payment Options Automatic Payments
    APR Type Fixed APR
    Loan Amount $250 - $50,000
    APR (Fixed APR) 7.49% - 18%
    Loan Term Up to 180 months

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