SuperMoney
  Navy Federal Credit Union Personal Loans

Navy Federal Credit Union Personal Loans

in Personal Loans from Navy Federal Credit Union

Unaffiliated

Navy Federal Credit Union Personal Loans

Unaffiliated

in Personal Loans from Navy Federal Credit Union

Not enough votes for recommendation

Not enough votes for recommendation

Cast your vote

Would you recommend Navy Federal Credit Union Personal Loans to your friends?

Thanks for your vote!

You voted: May or may not recommend

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

Key Takeaways
  • 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.
Navy Federal Personal Loan Pros & Cons
Pros Cons
  • $0 prepayment fee.
  • $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?

Business 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 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
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.

    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 Credit Union Personal Loans

    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.

    Contact

    Hours of Operation

    • Sunday Closed
    • Monday 7:00am - 5:00pm
    • Tuesday 7:00am - 5:00pm
    • Wednesday 7:00am - 5:00pm
    • Thursday 7:00am - 5:00pm
    • Friday 7:00am - 5:00pm
    • Saturday Closed

    Other Services by Navy Federal Credit Union

    Availability

      Available in 50 states and Washington, D.C.
    • Alaska
    • Alabama
    • Arkansas
    • Arizona
    • California
    • Colorado
    • Connecticut
    • Washington, DC
    • Delaware
    • Florida
    • Georgia
    • Hawaii
    • Iowa
    • Idaho
    • Illinois
    • Indiana
    • Kansas
    • Kentucky
    • Louisiana
    • Massachusetts
    • Maryland
    • Maine
    • Michigan
    • Minnesota
    • Missouri
    • Mississippi
    • Montana
    • North Carolina
    • North Dakota
    • Nebraska
    • New Hampshire
    • New Jersey
    • New Mexico
    • Nevada
    • New York
    • Ohio
    • Oklahoma
    • Oregon
    • Pennsylvania
    • Rhode Island
    • South Carolina
    • South Dakota
    • Tennessee
    • Texas
    • Utah
    • Virginia
    • Vermont
    • Washington
    • Wisconsin
    • West Virginia
    • Wyoming

    Feature Breakdown

    No Origination Fee
    No Prepayment Fee
    Late Fee Amount $29
    Credit Bureau Reporting
    • Experian
    • Equifax
    • TransUnion
    Funding Time Range 1 day
    Payment Options Automatic Payments
    Loan Amount $250 - $50,000
    APR (Fixed APR) 7.49% - 18%
    Loan Term Up to 180 months

    Be the first to rate

     

    Would you recommend Navy Federal Credit Union Personal Loans to your friends?

    Before we publish your vote:

    Please explain your vote by sharing your experience.

    Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

    Please write a review to submit your vote
    (will require moderator approval)

    Other Personal Loans