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  USAA Personal Loans

USAA Personal Loans

in Personal Loans from USAA

Claimed

USAA Personal Loans

Claimed

in Personal Loans from USAA

SuperMoney Net Recommendation Score +20

SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly recommended by SuperMoney users with a score of +20, equating to 3.4 on a 5 point rating scale.

+20

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.

Mostly recommended

3 users recommend
0 users are unsure
2 users don't recommend
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Highlights
Community Rating Mostly recommended
APR  (Fixed APR) 7.24% - 17.65%
Loan Amount $2,500 - $5,000
Loan Term (Months) 12 - 36 months
Number of Reviews 5

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
  • APRs starting at 7.24%. 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.
  • 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 loan Pros & Cons
Pros Cons
  • $0 prepayment fee.
  • $0 origination fee.
  • Considers applicants with fair credit.
  • Cosigners accepted.
  • Do not offer pre-approval with soft credit pull.
  • USAA Personal Loans does not report to credit bureaus.
  • Charges a late fee.
USAA personal loan FAQ

What interest rates and personal loan terms does USAA personal loan offer?

USAA personal loan has lower than average interest rates for lenders reviewed on SuperMoney.

What interest rates does USAA personal loan offer?

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

How much can you borrow via USAA personal loan?

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

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

USAA personal loan offers loans with terms of up to 36 months.

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

What fees does USAA personal loan charge?

Does USAA personal loan charge an origination fee?

USAA 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 USAA personal loan charge a late fee?

Yes, USAA personal loan may charge borrowers a late payment fee if you miss one of the monthly payments, which is triggered if you're 15 days late.

Does USAA personal loan charge prepayment fees?

No, USAA 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.

USAA personal loan Fees
Origination Fee No
Prepayment Fee No
Late Payment Fee No

What do you need to qualify for USAA Personal Loans?

Applicants with a credit score of at least 640 and up to 850 may be 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. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.

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 loan 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 loan?

    USAA personal loan will typically approve (or deny) a loan application within 24 hours and fund 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...
    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.

    Contact

    Hours of Operation

    • Sunday Closed
    • Monday 7:00am - 9:00pm
    • Tuesday 7:00am - 9:00pm
    • Wednesday 7:00am - 9:00pm
    • Thursday 7:00am - 9:00pm
    • Friday 7:00am - 9:00pm
    • Saturday 8:30am - 5:00pm

    Other Services by USAA

    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 Grace Period 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

     

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    SUPERMONEY NET RECOMMENDATION SCORE

    This product is mostly recommended by SuperMoney users with a score of +20, equating to 3.4 on a 5 point rating scale.

    +20

    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.

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