Navy Federal Credit Union Personal Loans

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 fees does Navy Federal Personal Loan charge?

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.