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PenFed Credit Union Personal Loan

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About PenFed Credit Union Personal Loans

The PenFed Credit Union Personal Loan from PenFed Credit Union is one of the top-rated Personal Loans options evaluated on MoneyCompared, earning an overall product score of 9.2/10. Low-cost credit union personal loan for loans from $600 up to $50,000 with a federal credit union APR cap of 17.99% and zero origination fees.

Key highlights include 8.99% - 17.99% Fixed APR, a fee structure of $0 Origination Fee, $0 Early Payoff Penalty, and Capped Maximum APR of 17.99% + Joint Co-Borrower Option. Accounts are backed by NCUA Regulated Credit Union and supported by PenFed Credit Union's 4.8 / 5.0-rated digital banking experience.

Features

Annual Fee	$0 Origination Fee, $0 Early Payoff Penalty
Regular APR / Rate	8.99% - 17.99% Fixed APR
Intro Offer / Welcome Bonus	Capped Maximum APR of 17.99% + Joint Co-Borrower Option
Savings APY / AER	Loans from $600 to $50,000 over 1 to 5 Years + Next-Day Funding
Minimum Deposit	$600 Minimum Loan Amount
Foreign Transaction Fee	N/A (U.S. USD Loan)
Deposit Insurance	NCUA Regulated Credit Union
Mobile App Rating	4.8 / 5.0
Overall Rating	9.2 / 10

About Product

Annual / Monthly Fee: $0 Origination Fee, $0 Early Payoff Penalty
APR / APY Rate: 8.99% - 17.99% Fixed APR
Intro Offer / Bonus: Capped Maximum APR of 17.99% + Joint Co-Borrower Option
Key Benefits: Loans from $600 to $50,000 over 1 to 5 Years + Next-Day Funding
Minimum Requirement: $600 Minimum Loan Amount
Foreign Transaction Fee: N/A (U.S. USD Loan)
Protection: NCUA Regulated Credit Union

Pros

Rate / APR / APY: 8.99% - 17.99% Fixed APR
Fee Structure: $0 Origination Fee, $0 Early Payoff Penalty
Welcome Offer / Benefit: Capped Maximum APR of 17.99% + Joint Co-Borrower Option
Rewards & Highlights: Loans from $600 to $50,000 over 1 to 5 Years + Next-Day Funding

Cons