Finder makes money from featured partners, but editorial opinions are our own. Advertiser disclosure

USAA loans

Competitive rates and terms for current and form US military members and their families.

No reviews yet. Write a review
USAA personal loans

USAA has a solid reputation for competitive rates and flexible payment plans that are typically among the best in the industry. But with some government action taken against it, you might want to weigh a good deal with the risk of a bank that has a not-so-great reputation.

What types of loans does USAA offer?

USAA offers a variety of loans for military members and their families.

Does USAA offer student loans?

No. USAA used to have a referral program that provided a rate discount to USAA members who borrowed a student loan from Wells Fargo, but it has since stopped offering this option. If you’d like borrow for school, compare the best alternatives to a USAA student loan.

Why should I consider taking out a USAA loan?

  • Autopay discount.When you sign up for autopay from a USAA checking account, you may be eligible for a rate discount of 0.25% for most of its loan options.
  • No hidden fees.There are no prepayment, application or other hidden fees with USAA.
  • Low APRs.Get competitive APRs for loans in just about every category.
  • USAA debt protection.With USAA, you can pay a fee to protect yourself from unforeseen financial difficulties.
  • Considers all credit scores.You won’t be turned down for poor credit, but you also may not be able to get the best rates with a lower score.

Where does USAA fall short?

  • Undergoing government action. According to the Better Business Bureau (BBB), USAA has been ordered by the Consumer Financial Protection Bureau (CFPB) to pay $12 million after it failed to honor stop payment requests on electronic transfers.
  • Best rates reserved for excellent credit. If you have less-than-perfect credit, you may be offered a higher APR — or may not be approved at all.
  • Requires membership. You can only borrow from USAA if you are a current or former member of the US military or part of their family.

Compare USAA to other lenders

Narrow down top business loan providers by APR, minimum credit score and more to find the best for your budget and financial goals. Select Compare for up to four products to see their benefits side by side.

1 – 6 of 6
Name Product Filter Values APR Min. credit score Loan amount
Upstart personal loans
Finder Score: 4.2 / 5: ★★★★★
Upstart personal loans
7.80% to 35.99%
300
$1,000 to $50,000
This service looks beyond your credit score to get you a competitive-rate personal loan.
SoFi personal loans
Finder Score: 4.4 / 5: ★★★★★
SoFi personal loans
8.99% to 29.99%
680
$5,000 to $100,000
A highly-rated lender with competitive rates, high loan amounts and no required fees.
Best Egg personal loans
Finder Score: 3.8 / 5: ★★★★★
Best Egg personal loans
8.99% to 35.99%
640
$2,000 to $50,000
Fast and easy personal loan application process. See options first without affecting your credit score.
Upgrade
Finder Score: 4 / 5: ★★★★★
Upgrade
8.49% to 35.99%
620
$1,000 to $50,000
Check your rates with this online lender without impacting your credit score.
LendingPoint personal loans
Finder Score: 3.3 / 5: ★★★★★
LendingPoint personal loans
7.99% to 35.99%
620
$2,000 to $36,500
Get a personal loan with reasonable rates even if you have a fair credit score in the 600s.
Happy Money
Finder Score: 3.8 / 5: ★★★★★
Happy Money
11.72% to 24.50%
640
$5,000 to $40,000
Pay down your debt with a fixed APR and predictable monthly payments.
loading

How much does it cost to borrow with USAA?

USAA charges minimal fees for its loans and doesn’t have any origination, application or prepayment fees. But if you’re late on your payments, you’ll typically pay a penalty equal to 5% of the payment due.

In addition to fees, you’ll also have to repay your loan with interest. While USAA has competitive rates, it may not be the best choice for those with excellent credit who could qualify for a lower rate from another lender. Consider your options carefully, and read our dedicated review pages to get a clear idea on the rate you can expect with a loan from USAA.

What do borrowers say about USAA?

USAA isn’t accredited with the BBB and receives a relatively low rating of C+ due to the recent government actions taken against it. In addition to these, it also has a low overall rating from customer reviews and nearly 1,500 complaints filed against it.

Many complaints involved having accounts dropped or loans suddenly canceled with seemingly no warning. Others complained that USAA wasn’t totally forthcoming about loan costs. Its excellent customer service, however, seems to make up for its shortcomings.

Are USAA loans safe?

Yes. USAA takes every reasonable precaution to make sure your information is secure and protected from unauthorized access. Its site uses multilayer security to protect your financial and banking information, including onsite security and antivirus software. Throughout the loan process, only you and USAA employees whose jobs require it can access your information. And to top it all off, USAA is backed by the US Department of Veterans Affairs.

You can report suspicious emails, phone calls, texts or other activity to USAA at abuse@usaa.com or 877-762-7256.

How to apply for a USAA loan

To apply for a loan with USAA, you must first become a USAA member. Visit USAA online and click Join USAA to get started.

USAA loans

Once you’re a member, you’ll have access to an easy online application to start the process of obtaining a loan with USAA. Simply visit the page for the type of loan you need by using the navigation bar, then fill out the application with information about yourself and your finances. After you submit, USAA will contact you with a loan decision and any further steps you might need to take.

Eligibility requirements

To apply for a loan with USAA, you must

  • Be a USAA member
  • Have good to excellent credit
  • Be a US citizen or permanent resident
  • Be at least 18 years old

Bottom line

USAA loans offer competitive rates with quick access to funds and flexible repayment terms. But you must be eligible for USAA membership, which is only open to members of the military or those who are part of a military family. If you’d like to consider more options, compare the best loans for service members or explore our comprehensive personal loans guide.

Frequently asked questions

How much does USAA Debt Protection cost?

The cost of USAA debt protection will depend on your loan and plan. There are multiple plans available for you to choose from, and your fee will be included in your total loan amount.

Are USAA loans available to non–military families?

No. In order to borrow from USAA, you’ll need to be part of a military family.

Do I need to sign up for autopay with a USAA loan?

No, but you are eligible for a discounted APR by signing up for autopay from a USAA checking account.

More guides on Finder

  • Loans Like Kashable

    Compare cash advance apps or personal loans as alternatives to allotment loans like Kashable.

  • Loans Like BMG Money

    Compare other loan options or cash advance apps as alternatives to allotment loans like BMG Money.

  • Get a $2,500 loan

    Eligibility requirements and where to look for $2,500 loans.

  • Get a $4,000 loan

    Where to shop for $4,000 loans and the requirements needed to qualify.

  • SoFi competitors: Top sites like SoFi

    Those with good credit can apply for a personal loan in minutes with SoFi’s simple online application. Learn about similar online lenders.

  • Get a $3,000 loan

    Compare lenders that offer $3,000 loans for varying credit situations.

  • Find a loan for $2,000

    Compare lenders that offer $2,000 loans for different credit situations.

  • Get a $1,500 loan

    If you need cash for an emergency or to last you until payday, a $1,500 short-term loan could help — but with potential drawbacks.

  • Get a $1,000 loan

    If you’re in need of $1,000 for an emergency, start a comparison of these bad credit lenders offering quick, unsecured $1,000 loans.

  • Get a $5,000 loan

    Compare lenders that offer $5,000 loans for good, fair and bad credit.

Ask a Question

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

2 Responses

    Default Gravatar
    NessaFebruary 20, 2019

    I need a loan within an hour.

      AvatarFinder
      JhezelynFebruary 21, 2019Finder

      Hello Nessa,

      Thank you for your comment.

      I understand that you needed to loan very quickly. Please take note that online applications may take as early as a few minutes for approval if all requirements are met.

      You can apply for USAA personal loans and can be approved quickly. You may enter your credit score and your state and see loan options for you. After comparing the loans and you have decided to apply, please click the Go to Site button.

      Please make sure that you’ve read the relevant T&Cs or PDS of the loan products before making a decision and consider whether the product is right for you.

      Regards,
      Jhezelyn

Go to site