Features

Where does Navy Federal Credit Union do business?

Navy Federal Credit Union is a student loans lender based in Vienna, VA. It was founded in 1947 and offers student loans in 50 states (and Washington, DC).

What rates does Navy Federal Credit Union offer for in-school private student loan?

Navy Federal Credit Union offers variable rate APRs that range from 4% to 8.42%.
Navy Federal Credit Union offers fixed rate APRs that range from 5.58% to 9.07% APR.

What is the minimum student loan amount you can borrow?

Navy Federal Credit Union requires borrowers to have a balance of at least $2000 to process an in-school private student loan application.

Does Navy Federal Credit Union charge an origination fee?

No, Navy Federal Credit Union does not charge a loan origination fee.

A loan origination fee is what some student loan providers charge for underwriting, processing, or funding a loan. Lenders can charge borrowers 0.5% to 5% of the loan amount. In most cases, it is best to choose a lender that does not charge an origination fee, such as Navy Federal Credit Union.

Does Navy Federal Credit Union charge prepayment penalties?

No, Navy Federal Credit Union does not charge prepayment penalties. This means you will not have to pay additional fees if you decide to pay the loan off early.

What terms does Navy Federal Credit Union offer?

Navy Federal Credit Union provides loans of 5 to 20 years.

Borrowers can add a cosigner to the loan to either meet eligibility requirements or qualify for lower interest rates.

Navy Federal Credit Union offers borrowers unemployment protection. This means that if you lose your job -- or you have just finished school -- your loan payments are placed on a temporary hold.

What type of borrowers will Navy Federal Credit Union consider?

Navy Federal Credit Union considers loans applications from:

  • undergraduate students
  • graduate students

 

  • Loan Term (Years)
    5 - 20
  • Min Loan
    $2000
  • Fixed APR
    5.58% - 9.07%
  • Cosigner Optional
  • Undergraduate Students
  • Graduate Students
  • No Origination Fee
  • No Prepayment Fee
  • Variable APR
    4% - 8.42%
  • Funding Time Range (in days)
    1 - 7
  • Good Student Rewards
  • Unemployment Protection
  • Loan Amount
    $2000 - $160000
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...

No reviews found.

Be the first to write a review for this company!

Write a Review

New Review for Navy Federal Credit Union

In category:  

Rate your experience:

Cancel