PenFed Credit Union Personal Loan
PenFed Credit Union
Expert VerdictExceptional APRs from a military-rooted credit union — open to everyone but especially compelling for veterans.
Best for
Military members and veterans seeking some of the lowest personal loan APRs available, though open to all Americans.
| Pros | Cons |
|---|---|
| APR as low as 6.09% with autopay — among the lowest available | Best rates require autopay enrollment |
| Loans up to $50,000 | Maximum of $50,000 may be limiting for larger needs |
| No prepayment penalties | Military-affiliated roots but now open to everyone |
| Rate check does not affect credit score | Terms capped at 60 months |
| Over 90 years serving military and defense communities | |
| Open to all Americans, not just military |
Honest take
PenFed offers some of the lowest personal loan APRs in the market, starting at 6.09% with autopay. While they have expanded beyond their Pentagon and military roots to welcome all Americans, their military heritage means veterans and service members will feel right at home. The rates genuinely compete with the best personal loan offers from any lender.
Personal loans up to $50,000 with APR as low as 6.09% with autopay. Military-rooted credit union open to all Americans. Terms up to 60 months, no prepayment penalties.
