USAA is based in San Antonio, TX. It was founded in 1922 and offers access to personal loans in 50 states across the USA.
USAA offers personal loans with APRs starting at 8.99% and up to 10.99%.
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.
Yes, USAA may charge borrowers a late payment fee, which is triggered if you're 15 days late.
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.
Loan amounts start at $2,500 and go up to $20,000.
USAA offers personal loans with a maximum term of 84 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
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.
USAA will typically approve (or deny) a loan application within 24 hours and fund personal loans as soon as 1 business day of approval.
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