Navy Federal Credit Union

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Navy Federal Credit Union loans

Auto, personal, student loans and more may be available to you at a low rate.

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Some seriously cute commercials have come out of Navy Federal Credit Union. But cute doesn’t really communicate what it offers. If you’re a servicemember, a Department of Defense (DoD) employee or a family member, you may qualify for a loan with Navy Federal. Choose from loans for auto, personal, mortgages and even student loans, all with fair rates.

Compare a selection of Navy Federal loans

Navy Federal Credit Union personal loans



7.49% to 18.00%

Navy Federal Credit Union Private Student Loans



Starting at 3.16%

Navy Federal Student Refinance Loan



Starting at 2.89%

Navy Federal Credit Union Auto Loans



1.79% (As low as)

Navy Federal Credit Union unsecured business loans

Not stated


11% to 18%

What types of loans does Navy Federal Credit Union offer?

Navy Federal hosts a variety of loans for its members, no matter if you’re looking to buy a new car or refinance your student loans. Interest rates and term lengths vary dramatically depending on the type of loan you’re looking for, but its rates are fairly solid when compared to traditional banks. Take a look at the different loan products Navy Federal has on offer to see if it can help you get the financing you need.

Auto loans

You’ll find options with Navy Federal to buy new or used cars, or to refinance your current auto loan. Up to 100% financing is available for as much as Varies. Auto loan terms are as high as 15 years with rates from 1.79% (As low as) APR. Though terms from 85 to 96 months need a minimum amount of Varies.

Motorcycle, boat and leisure vehicle loans

  • New and used boat loans. Terms go up to 180 months, with a starting APR of 5.95% for a new model. A $25,000 minimum is required for terms of 61 to 84 months, and a $30,000 minimum is required for any terms over 84 months.
  • New and used motorcycle loans. APR starts at 6.95% for a new motorcycle, with terms of up to 84 months. A $25,000 minimum is required for terms of 61 to 72 months, and a $30,000 minimum is required for terms over 73 months. Financing over 72 months is not available for used motorcycles.
  • Collateral loans. Up to 180 months with APRs starting at 7.99%. A $25,000 minimum is required for terms of 61 to 84 months, and a $30,000 minimum for any terms over 84 months.

Business loans

Navy FCU offers several types of business loans, including unsecured business term loans. These don’t require any collateral and range from $2,500 to $25,000. Rates on unsecured term loans run from 11% to 18% APR with terms up to 5 years. Your APR includes an origination fee that varies based on the amount you borrow.

Personal loans

Navy Federal offers three types of personal loans:

  • Unsecured personal loan. Borrow up to $50,000, with APRs between 7.49% to 18.00% for loans up to 36 months. Terms go as high as 5 years, with a $25,000 minimum for terms between 61 and 84 months, and a $30,000 minimum for terms over 84 months.
  • Shares Secured loan. Secured by shares in your Navy Federal account start as low as 2% APR plus Navy Federal’s share rate. Terms go as high as 180 months.
  • Certificate Pledged loan. Allows you to borrow against your certificate’s principal balance. Terms are shorter for this loan, only going up to 60 months. The lowest APR is 2% plus Navy Federal’s certificate rate.

Student loans

Private student loans and consolidation loans are available for Navy Federal customers.

  • Private student loan. Choose between a variable rate or fixed interest rates. Undergrads can borrow up to $120,000 a year, while graduate students can borrow up to $160,000 a year.
  • Consolidation or refinancing loan. Pick from variable rates or fixed rates. Both federal and private student loans may be consolidated. Undergrads can refinance up to $125,000 of student debt, while graduate students can refinance up to $175,000.


You can choose from seven different mortgage options with Navy Federal:

  • VA loan. Get 100% financing with a fixed-rate loan backed by the Department of Veterans Affairs (VA). APRs start at 4.149% with terms between 10 to 30 years. No down payment or mortgage insurance (MI) is required for this type of loan.
  • Military Choice loan. Apply for 100% financing with this fixed-rate mortgage with APRs starting at 5.547% and loan terms between 16 to 30 years. No down payment or private mortgage insurance (PMI) is required.
  • Conventional fixed-rate loan. With a minimum down payment of 5%, this fixed-rate mortgage has APRs starting at 4.010% with terms between 10 to 30 years. No PMI is necessary, and jumbo loan options are also available.
  • 100% Financing HomeBuyers Choice loan. A great option for first-time homebuyers, this fixed-rate loan offers 100% financing with APRs starting at 5.252% and terms between 10 to 30 years. No down payment or PMI is required.
  • FHA loan. Backed by the Federal Housing Administration (FHA), this option is ideal for first-time homebuyers looking for a low down payment. Fixed and adjustable rates are available with APRs starting at 4.888% with terms between 10 to 30 years. Buyers will need a 3.5% minimum down payment for this loan.
  • Adjustable rate mortgage (ARM). With terms of 10 to 30 years, the APR for an ARM starts at 4.544%. The minimum down payment could be anywhere between 0% and 10%, with no PMI required for many loans. Jumbo, conforming and interest-only options are available.
  • Interest-only mortgage. A 30-year loan available in both fixed and adjustable rates, with a minimum down payment of 20% and no PMI required. You’ll need to contact Navy Federal for its rates.

Refinancing, second home financing and investment property loans are also available. Investment property loans are at a fixed rate with a 15-year term and no prepayment penalties.

Home equity loans

Navy Federal offers loans and line of credit based on equity in your home.

  • Fixed-rate equity loan. Allows you to borrow up to 100% of your property’s value and can be taken out for 5, 10, 15 or 20 years. Rates can be as low as 4.87% APR for qualified borrowers.
  • Interest-only fixed-rate equity loan. Available for 15- and 20-year terms and allows you to borrow up to 80% of your property’s value. The lowest rate for this loan is 7.75% APR for those who qualify. These aren’t available in Texas.
  • Home equity line of credit. Borrow up to 95% of your property’s value, with APRs starting at 5% for qualified borrowers. Rates are variable and can change on the first business day of every month. You’ll only be charged interest on the money your withdraw from your credit line. These aren’t available in Texas.
  • Interest-only home equity line of credit. Allows you to borrow up to 80% of your property’s value, up to $250,000. Similar to the Home Equity line of credit, rates are variable but start at 6% APR. Additional payments can lower the principal balance. (Not available in Texas)

Why should I consider taking out a loan with Navy Federal Credit Union?

  • Keep your finances all in one place. Navy Federal offers a host of other products, including checking and savings accounts, certificates, money market accounts, IRAs, credit cards and prepaid cards.
  • Easy to borrow. Applying for a Navy Federal account only takes around 10 minutes online if you have the information available. But not all loans can be completed online. You can also apply for loans by phone and in a local Navy Federal offices.
  • 24-hour customer service, seven days a week. You can access your online account at any point from any Internet-capable device, but Navy Federal also provides support by phone from three of its contact centers.
  • Cosigners allowed. Student loans allow for cosigners. Request a release after 24 consecutive, on-time repayments for student loans and after 12 consecutive, on-time repayments for consolidation loans. You may also apply for a personal loan or auto loan with a coapplicant.

Are Navy Federal Credit Union loans safe?

Yes. A full suite of security tools can be accessed by members, including a 24-hour service line. Navy Federal states that accounts are monitored for suspicious behavior and that it tests its security features on a regular basis to keep them up to date. All security measures are in compliance with federal laws and regulations.

What do customers say about Navy Federal Credit Union?

Online customer reviews of Navy FCU are mostly negative as of September 2018. Over 80% of the 56 customer reviews on its Better Business Bureau (BBB) page are negative and 617 customers have filed complaints against the business. It only does slightly better on Trustpilot, scoring a 6.9 out of 10 based on 11 reviews.

It also gets an A- rating from the BBB due to a Consumer Financial Protection Bureau (CFPB) action against the credit union over its debt collection practices.

A large portion of online reviews are about its mortgage department or personal banking services, however — not business loans. But one them across all complaints was customer service. Customers complained that the credit union was unable to handle accounts for deployed service members on multiple occasions. Several also had trouble getting help when something went wrong with their loan payments.

Must read: Government action against Navy Federal Credit Union

The Consumer Financial Protection Bureau (CFPB) filed a consent order against Navy Federal Credit Union over its debt collection practices in 2016. The CFPB alleged that Navy Federal Credit Union threatened to take delinquent borrowers to court or garnish their wages if they couldn’t pay back the loan. It also alleged that delinquent had restricted access to their accounts.

Navy Federal Credit Union paid a $23 million in customer compensation and a $5 million fine.

Name Product Filter Values APR Min. Credit Score Loan Amount
BHG personal loans
$20,000 – $200,000
A highly-rated lender with quick turnaround and reliable customer service.
Credible personal loans
2.49% to 35.99%
Fair to excellent credit
$600 – $100,000
Get personalized rates in minutes and then choose an offer from a selection of top online lenders.
Best Egg personal loans
5.99% to 29.99%
$2,000 – $50,000
A prime online lending platform with multiple repayment methods.
PenFed Credit Union personal loans
5.99% to 17.99%
$600 – $50,000
With over 80 years of lending experience, this credit union offers personal loans for a variety of expenses.
SoFi personal loans
4.99% to 19.63%
$5,000 – $100,000
A highly-rated lender with competitive rates, high loan amounts and no fees.
Monevo personal loans
1.99% to 35.99%
$500 – $100,000
Quickly compare multiple online lenders with competitive rates depending on your credit.
Tally+ Express
7.9% to 29.99%
$2,000 – $30,000

Only available for Line of Credit and Debt consolidation

Upgrade personal loans
5.94% to 35.97%
$1,000 – $50,000
Affordable loans with two simple repayment terms and no prepayment penalties.
Upstart personal loans
5.55% to 35.99%
580 or 600 depending on state of residence
$1,000 – $50,000
This service looks beyond your credit score to get you a competitive-rate personal loan.

Compare up to 4 providers

Name Product APR Min. Credit Score Loan amount Loan Term
Purefy Student Loan Refinancing (Variable Rate)
1.88% to 5.54%
$5,000 – $300,000
5 to 20 years
Refinance all types of student loans — including federal and parent PLUS loans.
Credible Student Loan Refinancing
1.80% to 8.90%
Good to excellent credit
Starting at $5,000
5 to 20 years
Get prequalified offers from top student loan refinancing providers in one place.
SoFi Student Loan Refinancing Variable Rate (with Autopay)
2.25% to 6.59%
Starting at $5,000
5 to 20 years
A leader in student loan refinancing, SoFi can help you refinance your loans and pay them off sooner.
Splash Financial Student Loan Refinancing
1.89% to 6.66%
Starting at $7,500
5 to 25 years
Save on your student loans with this market-leading newcomer.
Education Loan Finance Student Loan Refinancing
2.39% to 6.01%
Starting at $15,000
5 to 20 years
Lower your student debt costs with manageable payments, affordable rates and flexible terms.
Earnest Student Loan Refinancing
1.88% to 5.64% APR with autopay
$5,000 – $500,000
5 to 20 years
Get a tailored interest rate and repayment plan with no hidden fees.
Supermoney student loan refinancing
Starting at 1.9%
No minimum credit score
$5,000 – $300,000
5 to 20 years
Compare options to combine both private and federal debts into one monthly payment.

Compare up to 4 providers

Name Product APR Min. Credit Score Loan amount Loan Term
EDvestinU Private Student Loans
4.092% to 8.609% with autopay
$1,000 – $200,000
7 to 20 years
Straightforward student loans for undergraduate and graduate students.
CommonBond Private Student Loans
3.74% to 10.74%
$5,000 – $500,000
5 to 15 years
Finance your college education through this lender with a strong social mission and terms that fit your budget.
Edvisors Private Student Loan Marketplace
Varies by lender
Varies by lender
Varies by lender
Varies by lender
Quickly compare private lenders for your school and apply for the right student loan.
Credible Labs Inc. (Student Loan Platform)
Starting at 0.99% with autopay
Good to excellent credit
Starting at $1,000
5 to 20 years
Get prequalified rates from private lenders offering student loans with no origination or prepayment fees.

Compare up to 4 providers

Name Product Filter Values Minimum credit score APR Loan term Requirements
PenFed Auto Loans
Starting at 1.79%
3 to 7 years
Active membership with PenFed
Low APR car loans from a well-known credit union.
No minimum credit score
3.9% to 27.9%
18+ years old, annual income of $4,000+, no active bankruptcies
Get pre-qualified for used car financing and receive competitive, personalized rates. Car Loans
Varies by network lender
Varies by lender
Must be a US citizen with a current US address and employed full-time or have guaranteed fixed income.
Apply with a simple online application to get paired with a local auto lender. No credit and bad credit accepted.
CarsDirect auto loans
No minimum credit score
Varies by network lender
Varies by network lender
Must provide proof of income, proof of residence, and proof of insurance.
Save time and effort with this lending service specializing in beginner-friendly or subprime car loan.
Auto Credit Express Car Loans
Must be employed full-time or have guaranteed fixed income of at least $1,500/month and be a current resident of the US or Canada.
Get connected with an auto lender near you, even if you have bad credit.
Monevo Auto Loans
3.99% to 35.99%
3 months to 12 years
Credit score of 500+, legal US resident and ages 18+.
Quickly compare multiple online lenders with competitive rates depending on your credit.
Good to excellent credit
Starting at 0.99%
Varies by lender
18+ years old, good to excellent credit, US citizen
Compare multiple financing options for auto refinance, new car purchase, used car purchase and lease buy out. Car Loans
Starting at 1.89%
550+ credit score, no open bankruptcies, $24,000+ annual income, US citizen or permanent resident, 18+ years old
Get up to four offers in minutes through one simple application. Multiple financing types available including new cars, used cars and refinancing.

Compare up to 4 providers

How to apply for a loan with Navy Federal Credit Union

Have your Social Security number, driver’s license or government ID, current home address, phone number and email address on hand. If you’re joining through a family member, also have the family member’s last name, access number or the last four digits of their Social Security number and their affiliation.

You’ll first need to be a Navy Federal member to apply for a loan. Apply for membership by following these steps:

  1. Go to the Navy Federal Credit Union website.
  2. Hover your cursor over Membership in the upper, right-hand corner of the page.
  3. Select Become a Member.
  4. Click Join Now.
  5. Follow the prompts, selecting the answers that apply to you.
  6. Fill out the requested information about yourself and your sponsor, if applicable.
  7. Wait for a decision.

The application itself should only take 10 minutes. You may apply for a loan through your online account, by phone or in person at a local branch. Please note that some loans may not be available to apply for online.

Pros and cons of Navy Federal loans


  • Solid rates. Loan rates are fairly solid when compared to traditional banks.
  • No origination fees for student loans. Origination fees can be upwards of 5% depending on the lender. Not having one can potentially save you hundreds of dollars.
  • Options upon options. Navy Federal has a wide breadth of choices when it comes to loan types, mortgages and credit offerings that rivals traditional banks.
  • Membership includes benefits. Special discounts on insurance products and other deals are available to Navy Federal members.


  • Limited membership. You must be a current or former member of the armed forces or an employee of the DoD to qualify for an account. Certain family members and household members may also qualify.
  • Membership required. An existing membership is required to apply for a loan.
  • Trouble with the Consumer Financial Protection Bureau in 2016. Navy Federal was found in violation of the Consumer Financial Protection Act of 2010 by the Consumer Financial Protection Bureau (CFPB) for uncouth debt-collection practices.

Bottom line

Servicemembers and Department of Defense workers — past and present — and their families have access to a wide range of products through Navy Federal Credit Union. Everything from auto to home loans can be found, with varying rates and terms that may fit your needs. Loan options aren’t limited to specialty credit unions though, so make sure to compare your options before getting financed.

Read our guide on credit union loans to compare other similar providers.

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