Loans
PenFed Credit Union Personal Loan application: do it online easily
Read this PenFed Credit Union Personal Loan application guide and learn how to get this loan quickly and easily.
Advertisement
PenFed Credit Union Personal Loan: apply in minutes and get a fast approval
The PenFed Credit Union Personal Loan is especially good for borrowers with good credit (690 FICO points or better) and who are PenFed members.
This loan is also an excellent option for those seeking to secure a loan or add a co-borrower to their application. This is our guide to the PenFed Credit Union Personal Loan application.
How to apply for the PenFed Credit Union Personal Loan
Before we start the PenFed Credit Union Personal Loan application, let’s have a look at what are the lender’s requirements for applicants.
Keep in mind that meeting the requirements does not guarantee you will get approved for the loan, but it does highly increase your chances.
You will be redirected to another website
By submitting this form, I agree that I am 18+ years old and I agree to the Privacy Policy and Terms and Conditions. I also provide my signature giving express consent to receive marketing communications via automated emails, SMS or MMS text messages and other forms of communication regarding financial products such as credit card and loans. Message frequency varies and represents our good faith effort to reach you regarding your inquiry. Message and data rates may apply. Text HELP for help or text STOP to cancel. I understand that my consent to receive communications is not a condition of purchase and I may revoke my consent at any time.
Eligibility requirements
In order to qualify for a PenFed Credit Union Personal Loan you must have a 2-year-long credit history which the lender can look into. Also, your debt-to-income ratio must be below 55%.
On top of that, having good to excellent credit will highly increase your chances of getting approved for this loan.
Apply online by filling up the form
If you are on your desktop computer, go to PenFed’s website and locate the “Loans” option at the top right third of the page to start your PenFed Credit Union Personal Loan application.
It is between “Mortgage $ Home Equity” and “Learn”. Then, run your mouse cursor over the option to reveal a dropdown menu.
If you are applying from your mobile phone, tap the three-line menu at the top right corner of the page.
Then tap the “Loans” option, which will reveal the types of loans. Tap “Personal Loans” and then tap “Personal Loans” again.
Now, regardless of your device, locate the green “Check Your Rate” button on the page and click on it.
If you are already a member, you can log in on the next screen. If not, you can click on “check your rate” again.
For this guide, we will click on “Check Your Rate”. Now, select the reason for your loan, the loan term, and how much you would like to borrow at PenFed Credit Union Personal Loan.
Then, scroll down and enter your first and last names, along with your date of birth, Social Security Number, email address, and mobile phone number.
After that, scroll further down and enter your address information. This must include street address, country, Zip Code, city, and state.
Further down below, you will enter your financial information, including personal annual income and monthly housing payments.
Then, below, read the text before checking the three boxes to certify you agree.
At this point, you may select the option to apply with a co-borrower if you wish.
Then, check the box to confirm you are not a robot and click Continue. You’re just one step far from your PenFed Credit Union Personal Loan.
Submit and wait for your loan offer
Now the website will send you a one-time passcode to verify your identity. Once you have confirmed it, PenFed Credit Union will analyze your information and make a personal loan offer.
If you are happy with the offer, you may choose to take the loan. Congratulations!
Another recommendation: LendingPoint Personal Loans
But maybe you have less-than-perfect credit, and the previously mentioned loan does not suit you. Do not worry, we have another recommendation made for people with poor credit.
LendingPoint Personal Loans only requires a soft credit check for you to pre-qualify. With it, you get fast access to funding, access to a free credit score, and you can even change your payment date.
LendingPoint Personal Loans review
With LendingPoint Personal Loans you do not need perfect credit to get approved for a loan, and applying only takes a few minutes.
About the author / Danilo Pereira
Trending Topics
Binance Crypto Card application process: use crypto in everyday purchases!
In this Binance Crypto Card application guide we are going to show you how to get this card to make real-world transactions with crypto.
Keep ReadingTotal Visa® Card application
Applying for the Total Visa® Card is easy and can be done in a few simple steps. Learn more about how you can get started today.
Keep ReadingPetal 1 credit card review
Get a real Visa credit card with cashback like the Petal 1 with every benefit you'll see in this review. No credit check and no annual fee!
Keep ReadingYou may also like
The best credit cards for small businesses in 2023
Learn which are the best credit cards for small businesses and how finding the right one can help your business grow and thrive!
Keep ReadingFamZoo Prepaid card application: no credit check
In this FamZoo Prepaid card application guide, you will learn how to get this card within minutes to start teaching your kids about money!
Keep ReadingMarriott Bonvoy Bevy™ American Express® Card review: Premium Rewards
In this Marriott Bonvoy Bevy™ American Express® Card review you will see how this card helps you get luxury hotel stays, and much more!
Keep Reading