PenFed is committed to providing accessible credit services to active-duty and veteran service members.
Though you don’t have to be in the military to be a member, they aim to provide the tools that help their members realize their dreams.
Why Get an Installment Loan from PenFed?
More and more consumers are finding themselves in debt, requiring personal loans, or needing funds for home improvement.
PenFed can assist with all these needs and more. Here are a few of the key reasons why you should consider PenFed Credit Union.
- The online application form makes it easier for you to apply for a loan.
- The offered APR range is between 6.49% and 17.99%, which is determined by your application and credit score.
- You will not incur any hidden surprises in terms of application or origination fees.
What Does PenFed Credit Union Offer?
PenFed Credit Union has a variety of financial solutions available to its members. These options range from checking and savings accounts to home equity loans and credit cards.
They also offer installment loans to cover things like debt consolidation, special events, health care, or home improvement.
While PenFed Credit Union is ideal for veterans or active service members, the services are available to everyone.
However, this does not mean that they approve every application. To qualify, you must be a US citizen or permanent resident and be 18 years or older.
The provider requires that you have a credit score of at least 650 to apply for an installment loan.
Should your application be approved and decide to proceed, you must be a PenFed member to finalize the application.