Debt Consolidation Loan from PenFed
Debt Consolidation Loan from PenFed - see full info about rates, terms, credit score.
Updated September 18, 2023
This personal loan currently unavailable on Myfin.us
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Options
- Loan purpose:Debt Consolidation Loan
- Lender:
- Credit Level:Good (670-739)
- When funds are available:1-2 business days.
Fees
- Origination feeNo origination fee.
- Early payment feeNo early payment fees.
- Late fee$29
- Returned check fees$30
Pros & Cons
Pros:
- Fast approval and funding
- Simple application process
- No Origination Fees
Cons:
- No Autopay Discount
- For PenFed customers only
- Extra Fees
Rates
Rates
7.74 - 17.99%
Term
12 - 60 months
Loan Amount
$600 - $50,000
For example, if you apply for a 2-year $5,000 personal loan with an interest rate of 15% and an origination fee of 5% you would receive $4,750 and make 24 payments of $242.43. The total amount paid would be $5,818.
View all Rates & Fees Requirements
- What you need to get approved (Qualifications)FICO® score 700 or higher.
- Ages
To qualify, you must be at least 18 years old and a U.S. citizen or resident alien.
- Requirements Description
- Name, date of birth, and Social Security number
- Home address
- Employment information
- Income sources
- Amount of loan requested
- Reason for the loan
- Identification, such as a driver’s license or passport
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Description
PenFed Credit Union offers personal loans in all 50 states.
PenFed’s debt consolidation loan allows quick funds and low monthly payments at an affordable fixed rate.
All loans are subject to a minimum monthly payment of $50.
PenFed Credit Union offers personal loans up to $50,000, with terms of 36 - 60 months. The interest rates range from 7.74% to 17.99%.
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