Features

Where does USAA do business?

USAA is a bank based in San Antonio, TX. It was founded in 1922 and offers access to personal loans in 50 states across the USA.

What range of rates does USAA offer?

USAA offers personal loans with APRs starting at 8.99% and up to 10.99%.

Does USAA charge an origination fee?

No, USAA does not charge a loan origination fee.

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

Does USAA charge a late fee?

Yes, USAA may charge borrowers a late payment fee, which is triggered if you're 15 days late.

Does USAA charge prepayment fees?

No, USAA does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.

How much can you borrow from USAA?

Loan amounts start at $2,500 and go up to $20,000.

What do you need to qualify for a loan with USAA?

Applicants with a credit score of at least 640 can apply for a loan via USAA. The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.

Active duty servicemembers and their covered dependents are eligible to apply for a loan via USAA. Their rates fall within the limits of The Military Lending Act.

Only U.S. citizens and permanent residents can apply for a loan.

What is the estimated funding time for a personal loan via USAA?

USAA will typically approve (or deny) a loan application within 24 hours and fund personal loans as soon as 1 business day of approval.

  • Institution Type
    Bank
  • Credit Score Range
    640 - 850
  • Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Retired
    • Self-Employed
  • Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
  • Joint Loan Applications Accepted
    Co-signer
  • Military Status
    • Active Duty Military
    • Military Dependent
    • Veterans
  • Minimum Age
    18
  • Late Fee After (number of days)
    15
  • No Origination Fee
  • No Prepayment Fee
  • Approval Speed (Hours)
    24
  • Funding Time Range (in days)
    1 - 7
  • Joint Loans Available
  • Loan Amount
    $2500 - $20000
  • APR
    8.99% - 10.99%
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