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 loan amount?

Navy Federal Credit Union has a minimum loan amount of $2,000.

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 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 Navy Federal Credit Union charge prepayment fees?

No, Navy Federal Credit Union does not charge prepayment fees. 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
  • Cosigner Optional
  • Undergraduate Students
  • Graduate Students
  • No Origination Fee
  • No Prepayment Fee
  • Funding Time Range (in days)
    1 - 7
  • Good Student Rewards
  • Unemployment Protection
  • Loan Amount
    $2000 - $160000
  • Variable APR
    4% - 8.42%
  • Fixed APR
    5.58% - 9.07%
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