PenFed Credit Union Personal Loans
Personal loans from $600 to $50,000 with APR starting at 8.49%. No origination fees. Available to all — anyone can join PenFed.
Last checked on September 4, 2026. We may earn a commission when you click through.
PenFed Credit Union Personal Loans
Updated 1 month agoAPR Range
6.09–17.99%
Amount
$600–$50k
Term
12–60 months
Type
Personal (Credit Union)
You'll be redirected to penfed.org
Our Verdict
PenFed offers competitive personal loans with flexible terms, making it a solid choice for those in need of financing.
Best For
These loans are best for individuals looking for amounts between $600 and $50,000 without any origination fees and a straightforward application process.
Watch Out
Keep in mind that the minimum credit score requirement is 650, which may exclude some potential borrowers.
Full Review
PenFed Credit Union provides personal loans ranging from $600 to $50,000 with competitive APRs starting at 6.09% for autopay enrollees. One of the standout features is the absence of origination fees, which can save borrowers money upfront. With terms spanning from 12 to 60 months, users can tailor their repayment plans to fit their financial situations.
The loans are available to anyone, as membership with PenFed is accessible to all, which broadens its appeal. However, it's important to note that a minimum credit score of 650 is required, potentially limiting options for those with lower credit ratings. Compared to other lenders, PenFed's rates are relatively competitive, particularly when considering the autopay discount.
Nonetheless, borrowers should compare offers from other credit unions and online lenders, as there are alternatives with lower minimum credit score requirements or more favorable terms for specific needs such as debt consolidation or home improvement projects. Overall, PenFed's personal loans are a viable option for eligible borrowers seeking flexibility and simplicity in their financing solutions.
Requirements
- PenFed membership required (open to all via Voices for Americas Troops association)
- US citizen or permanent resident
- Age 18+
- Valid SSN
- Verifiable income
- Good credit history
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