SuperMoney
  USAA Personal Loans

USAA Personal Loans

in Personal Loans from USAA

Claimed

USAA Personal Loans

Claimed

in Personal Loans from USAA

Net Recommendation Score -100%

SUPERMONEY NET RECOMMENDATION SCORE

-100%

-100% 0% +100%
No one recommends Everyone recommends

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

Rating not yet determined

In our efforts to provide the community with the most accurate information, recommendation rating is not determined until a sufficient number of SuperMoney users cast their vote
0 users recommend
0 users are unsure
1 user doesn't recommend
Cast your vote
Cast your vote

Would you recommend USAA Personal Loans to your friends?

Thanks for your vote!

Thanks for your vote!

You voted: May or may not recommend

Highlights
Highlights
Community Rating

Rating not yet determined

In our efforts to provide the community with the most accurate information, recommendation rating is not determined until a sufficient number of SuperMoney users cast their vote
APR  (Fixed APR) 7.24% - 17.65%
Loan Amount $2,500 - $5,000
Loan Term (Months) 12 - 36 months

USAA Personal Loans Review

USAA Personal Loans is offered by USAA, a financial services company founded in 1922 and based in San Antonio, TX. USAA Personal Loans is available in 50 states across the USA.

Key takeaways

  • Fast access to cash. In some cases you can get your money within 1 business day.
  • Fair credit accepted. The credit score needed for USAA Personal Loans is relatively low. Borrowers with a credit score as low as 640 may qualify for USAA Personal Loans.
  • Hard credit pull required. You can't check your rates or see if you prequalify for USAA 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. USAA Personal Loans does not charge a loan origination fee.
  • Cosigner applications accepted. Applying for USAA Personal Loans with a cosigner can improve your chances of approval and help you qualify for lower interest rates.

USAA Personal Loans Pros and Cons:

Pros Cons
  • $0 prepayment fee.
  • $0 origination fee.
  • Considers applicants with poor credit.
  • Fast funding.
  • Do not offer pre-approval with soft credit pull.
  • USAA Personal Loans does not report to credit bureaus.
  • Charges a late fee.

What rates and terms does USAA Personal Loans offer?

USAA Personal Loans has lower interest rates than the average for lenders reviewed on SuperMoney.

What APR rate does USAA Personal Loans offer?

USAA Personal Loans offers a fixed APR personal loan product that ranges from 7.24% APR up to 17.65% APR.

Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

How much can you borrow via USAA Personal Loans?

Loan amounts start at $2,500 and go up to $5,000.

What can a personal loan from USAA Personal Loans be used for?

Personal loans from USAA Personal Loans are typically used for special purchases, debt consolidation, home improvement projects, weddings, unexpected expenses or similar purposes.

What is the maximum loan term you can get with USAA Personal Loans?

USAA Personal Loans offers personal loans with terms ranging from 12 to 36 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.

USAA Personal Loans Rates & Terms
Loan Amount $2500 - $5000
Loan Term 12 - 36 months
APR 7.24% - 17.65%

What fees does USAA Personal Loans charge?

Does USAA Personal Loans charge an origination fee?

USAA Personal Loans 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 Personal Loans charge a late fee?

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

Does USAA Personal Loans charge prepayment fees?

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

USAA Personal Loans Fees
Origination Fee N/A
Prepayment Fee? No
Late Payment Fee N/A

What do you need to qualify for USAA Personal Loans?

Applicants with a credit score of at least 640 and up to 850 are eligible for USAA Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

USAA Personal Loans does not have or does not disclose a minimum annual income eligibility requirement. USAA 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 USAA 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 USAA Personal Loans. Permanent resident / green card holders are also eligible to apply.

USAA Personal Loans Eligibility Criteria
Minimum Age 18
Bank Account Required? No
Application Types Accepted
  • Cosigners
  • Credit Score 640 - 850

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

    USAA Personal Loans will typically approve (or deny) a loan application within 24 hours and fund personal loans within 7 business days of approval.

    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...

    Availability

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

    Feature Breakdown

    No Origination Fee  
    No Prepayment Fee  
    Late Fee After 15 days
    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 Cosigner
    Military Status
    • Active Duty Military
    • Military Dependent
    • Veterans
    Minimum Age 18
    Credit Score Range 640 - 850
    Loan Amount $2,500 - $5,000
    APR (Fixed APR) 7.24% - 17.65%
    Loan Term 12 - 36 months

    USAA Personal Loans Community Reviews

     

    Would you recommend USAA 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
    Cancel my vote
    (will require moderator approval)

    SUPERMONEY NET RECOMMENDATION SCORE

    -100%

    -100% 0% +100%
    No one recommends Everyone recommends

    Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

    sorted by

    Other Personal Loans