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 is available in 50 states (and Washington, DC).

• APRs starting at 7.49%. These are average starting rates for a personal loan. If you have good credit you may qualify for a loan with better rates.
• Fast access to funds. In some cases you can 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.
• Hard credit pull required. You can't check your rates or see if you prequalify for Navy Federal Credit Union Personal Loans without a hard pull on your credit report. Most lenders give you the option of a soft pull on you credit report.
• 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.

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 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 are, of course, eligible for the services offered by Navy Federal Credit Union Personal Loans. Permanent resident / green card holders are also eligible to apply.

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

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.