Updated April 2026Expert Reviewed
P
PenFed Credit Union Personal Loan Review
4.6
APR Range
7.74% - 17.99%
Loan Amounts
$600 - $50,000
Repayment Terms
1-5 years
Min. Credit Score
Not disclosed
Origination Fee
None
Funding Speed
1-2 days
4.6
Our Verdict
PenFed Credit Union is best for credit union members seeking low rates, offering competitive rates with 1-2 days funding.
Pros
- No origination fees
- Low rates
- Small loan amounts available
- 1-2 days funding available
Cons
- APR can go up to 17.99%
- Min credit score: Not disclosed
How PenFed Credit Union compares
| Lender | Rating | APR | Fees | Speed |
|---|---|---|---|---|
| PenFed Credit Union | 4.6 | 7.74%-17.99% | None | 1-2 days |
| SoFi | 4.9 | 8.99%-29.99% | Optional (0-7%) | Same day |
| Upgrade | 4.7 | 9.99%-35.99% | 1.85%-9.99% | Same day |
| LightStream | 4.9 | 6.49%-25.99% | None | Same day |
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PenFed Credit Union FAQ
PenFed Credit Union requires a minimum credit score of Not disclosed. However, the best rates are typically available to borrowers with excellent credit (720+).
PenFed Credit Union typically provides funding in 1-2 days. Actual funding times may vary depending on your bank and application completeness.
PenFed Credit Union's origination fee is None. This fee is typically deducted from the loan disbursement.
Most personal loan lenders, including PenFed Credit Union, offer a soft credit check for prequalification that does not impact your credit score. A hard inquiry only occurs when you formally submit a full application.
PenFed Credit Union offers personal loans ranging from $600 to $50,000 with terms of 1-5 years. The exact amount you qualify for depends on your creditworthiness, income, and debt-to-income ratio.
PenFed Credit Union earns a 4.6/5 rating in our analysis. It's best for credit union members seeking low rates. Key strengths include no origination fees and low rates. APR ranges from 7.74% to 17.99%, which is very competitive.
Lauren Vasquez
Senior Financial Analyst · CFP®, Former Loan Officer
Lauren Vasquez is a Certified Financial Planner with over 12 years of experience in personal lending and consumer finance. She spent eight years as a senior loan officer at Wells Fargo before joining Fast Loan Express to help everyday borrowers cut through the noise and make smarter decisions.
Read Lauren's articles on Medium →