Home Improvement Loan from PenFed
Home Improvement Loan from PenFed - see full info about rates, terms, credit score.
Updated September 18, 2023
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Check your personal loan rates
APR Range
7.99 - 17.99%
Amount
up to $50,000
Term
up to 60 months
Minimum credit score:
Good (670-739)
No early payoff penalty
No origination fee
See full info about rates in different states
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Options
- Loan purpose:Home Improvement 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
7.99 - 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 home improvement loan will help you finance home renovations or repairs. 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 7.99% to 17.99%.
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