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Navy Federal Credit Union personal loans review

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APRs capped at 18% for servicemembers and DoD employees.

  • Best for actived or retired members of the armed forces.
  • Pick something else if you can't become a member.


Max. Loan Amount

8.19% to 18.00%



Min. Credit Score


Product NameNavy Federal Credit Union Personal Loans
Max. Loan Amount$50,000
APR8.19% to 18.00%
Interest Rate TypeFixed
Min. Credit ScoreVaries
Maximum Loan Term5 years

First, am I eligible?

To get the best APR on a personal loan, good to excellent credit is recommended. NFCU allows coapplicants to aid individuals with less-than-perfect credit. You can also apply for a secured loan to help you build your score.

To apply, you must:

  • Have an active NFCU checking or savings account.
  • Have a regular source of income.
  • Be at least 18 years old.

How can I become a member of Navy Federal Credit Union?

Membership for Navy Federal Credit Union is open to current and former members of the military, employees of the Department of Defense (DoD) and immediate family member of those who are eligible to join.

Here’s how NFCU defines service members, civilians and immediate family members:


  • Active-duty members of any branch of the US military
  • Army or Air Force National Guards
  • DoD officer candidates, members of an ROTC program or members of the Reserves
  • Veterans and retirees
  • DoD civilian employees
  • US government employees assigned to DoD installations
  • DoD contractors
  • DoD civilians and retirees
Immediate family members
  • Spouses
  • Parents and grandparents
  • Children and grandchildren
  • Siblings
  • Household members


  • Discount for active duty or retired military. If you’re currently on active duty or retired from the military, you’re eligible for a 0.50% discount on your interest rate.
  • 18% interest rate cap. If you’re approved for a loan, 18% is the highest interest you’ll pay — even on loans with terms of 5 years. That’s competitive compared to other lenders with maximum APRs as high 36%.
  • Multiple branch locations. While many credit unions stay local to its communities, Navy Federal Credit Union has branch locations in 30 states, DC and Guam to meet the needs of all its members.


  • Membership required. To qualify for a personal loan from NFCU, you must be a member — common for credit unions, but the membership criteria is strict for NFCU.
  • Longer terms only for home improvement. You can only get that 15-year term if you need funds to fix up your living space.
  • Mixed reviews. Depending on where you look, you’ll find both negative and positive reviews on NFCU. Be sure to understand how borrowing from a credit union works before you apply.

Compare other personal loan providers

Updated December 14th, 2019
Name Product Filter Values APR Min. Credit Score Max. Loan Amount
Credible Personal Loans
5.95% to 35.99%
Fair to excellent credit
Get personalized rates in minutes and then choose an offer from a selection of top online lenders.
Fiona Personal Loans
3.84% to 35.99%
Good to excellent credit
Get loan offers from multiple lenders at once without affecting your credit score.
Upgrade Personal Loans*
6.98% to 35.89%
Affordable loans with two simple repayment terms and no prepayment penalties.
Even Financial Personal Loans
3.84% to 35.99%
Get connected to competitive loan offers instantly from top online consumer lenders.
NetCredit Personal Loans
34% to 155% (Varies by state)
No minimum
Check eligibility in minutes and get a personalized quote without affecting your credit score.
Monevo Personal Loans
3.99% to 35.99%
Quickly compare multiple online lenders with competitive rates depending on your credit.
PenFed Credit Union Personal Loans
6.49% to 17.99%
With over 80 years of lending experience, this credit union offers personal loans for a variety of expenses.
LendingClub Personal Loan
6.95% to 35.89%
A peer-to-peer lender offering fair rates based on your credit score.
SoFi Personal Loan Fixed Rate (with Autopay)
5.99% to 17.88%
A highly-rated lender with competitive rates, high loan amounts and no fees.

Compare up to 4 providers

How do I apply?

If you’re a member of the Navy Federal Credit Union, you can apply for a personal loan with NFCU in four easy steps.

  1. Go the NFCU’s website and visit the personal loan page.
    Navy federal credit union banner with family on the background
  2. Click Apply Now.
  3. Sign in to your account
  4. Enter your personal information, including income and employment details.

If you’re looking for a debt consolidation loan or a home improvement loan, you can visit a nearby branch or call 1-888-842-6328 to speak with an NFCU representative.

More about Navy Federal Credit Union loans

How do repayments work with Navy Federal Credit Union?

Once you have your NFCU personal loan, keep up with monthly payments to avoid paying unnecessary fees. Missing even one payment can damage your credit score. Check out our budgeting guide if you want to learn how to budget your money and ensure your bills are paid on time.

Before you choose a lender, be sure to compare more personal loan options or explore other loan options for military members.

Frequently asked questions

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