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USAA personal loans review

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USAA personal loans
Finder score
Max. Loan Amount
8.29% to 18.51%
Min. credit score

Our verdict

Small personal loans — but only for current and former members of the military.

USAA personal loans are ideal if you're an active or former member of the military. Its loans come with no origination fee, an autopay discount and the option to sign up for debt protection. And its turnaround is quick. You can apply online and hear back about approval within one to two business days.

But its rates start relatively high compared to other lenders, so you may be able to find a better deal if you have good to excellent credit. Its loans are also extremely limited: You can only borrow between $2,500 to $5,000. This narrow range may mean you aren't able to get a personal loan that may suit you.

Can't qualify for membership? Need more funds? You can use our table and compare your other options.


  • Online application and fast funding
  • Autopay discounts
  • No hidden fees

In this guide

  • Our verdict
  • Details
    • Product details
    • Contact info
  • Your reviews
  • Ask a question's rating: 3.8 / 5.0


Bottom line: USAA offers a range of personal loan options to members — and you can become a member as part of your application. But the loan term length you can receive depends on how much you borrow.


Product details

Min. Loan Amount $2,500
Loan Amount $100,000
APR 8.29% to 18.51%
Interest Rate Type Fixed
Min. credit score Varies
Origination Fee Starting from 0%
Loan term 1 to 3 years
Turnaround Time 24 to 48 hours to a USAA account (or longer if sending a bank check by FedEx)

Contact info

Phone number 800-531-8722
Email @USAA
Twitter @USAA_help
Facebook @USAA

Our take on USAA personal loans

USAA personal loans are best for active or former members of the military and their families. Eligible borrowers can take out a minimum of $2,500 up to $100,000 with repayment terms from one to seven years, depending on the amount of the loan. To get the longest term of seven years, you must borrow at least $20,000.

Unlike some lenders, USAA personal loans have no origination fee, an autopay discount and allow you add a coborrower. But even with USAA’s autopay discount, its lowest rate is still slightly higher than other lenders like Sofi or Marcus. But its turnaround is quick: apply online and hear back about approval within one to two business days.

But you’ll need strong credit to qualify for a personal loan with USAA, and only military members and their families are eligible. If you’re not a military member or have a fair credit, we suggest comparing more lenders to find one that works with your situation and credit score.

USAA personal loans rates, fees and terms

USAA offers personal loans from $2,500 to $100,000 with rates from the low 7% APR range and topping out at a maximum of 18.51% APR. Terms range from one to seven years, depending on how much you borrow. The more you borrow, the longer the term you’re eligible for.

Here’s how it works:

  • 12- to 36-year term. Borrow $2,500 or more.
  • 48-month term. Borrow $5,000 or more
  • 60-month term. Borrow $10,000 or more.
  • 72-month term. Borrow $15,000 or more.
  • 84-month term. Borrow $20,000 or more.

Use the calculator below to estimate your potential monthly payment with a small personal loan from USAA.

Monthly repayments calculator

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How USAA personal loans compare to other lenders

Here’s how USAA stacks up to the competition, in terms of cost, loan amounts and eligibility.

USAA personal loans

PenFed Credit Union personal loans


Finder rating 3.6 / 5


Finder rating 3.6 / 5

Go to site


8.29% to 18.51%


7.99% to 18%

Loan term

1 to 3 years

Loan term

1 to 5 years

Loan amount

$2,500 to $100,000

Loan amount

$600 to $50,000

Min. credit score


Min. credit score


How to qualify

To apply for a personal loan with USAA, you must meet a few requirements:

  • Be USAA member
  • Be an active or former military member, spouse or child
  • Have good to excellent credit
  • Be a US citizen or permanent resident
  • Be at least 18 years old

Am I eligible for USAA membership?

Membership with USAA is limited to a select few groups of people:

  • Active and former members of the military
  • Family members of those in the US armed forces
  • Military cadets
  • Midshipmen

See other personal loan options

Name Product Filter Values APR Min. credit score Loan amount
LightStream personal loans
Finder Score: 4.8 / 5: ★★★★★
LightStream personal loans
7.49% to 25.99%
Good to excellent credit
$5,000 to $100,000
Borrow up to $100,000 with low rates and no fees.
PenFed Credit Union personal loans
Finder Score: 3.6 / 5: ★★★★★
PenFed Credit Union personal loans
7.99% to 18%
$600 to $50,000
With over 80 years of lending experience, this credit union offers personal loans for a variety of expenses.
Finder Score: 4 / 5: ★★★★★
8.49% to 35.99%
$1,000 to $50,000
Check your rates with this online lender without impacting your credit score.
Best Egg personal loans
Finder Score: 3.8 / 5: ★★★★★
Best Egg personal loans
8.99% to 35.99%
$2,000 to $50,000
Fast and easy personal loan application process. See options first without affecting your credit score.
Credible personal loans
Finder Score: 4.3 / 5: ★★★★★
Credible personal loans
4.60% to 35.99%
Fair to excellent credit
$600 to $100,000
Get personalized prequalified rates in minutes and then choose an offer from a selection of top online lenders.
Freedom Debt Relief
Not rated yet
Freedom Debt Relief
Starting at $4,000
Freedom Debt Relief works to help people with unmanageable, unsecured debt get back on their feet.

USAA personal loan reviews and complaints

BBB accredited No
BBB rating A-
BBB customer reviews 1.2 out of 5 stars, based on 834 customer reviews
Trustpilot Score 1.3 out of 5 stars, based on 1,467 customer reviews
Customer reviews verified as of 12 July 2022

USAA gets mostly negative reviews on sites like Trustpilot and the BBB website, with only a small percentage of reviewers reporting good experiences.

While the most recent reviews don’t focus on USAA’s personal loans, many customers complain that USAA’s customer service has degraded over the years and that the company doesn’t offer any significant benefits to veterans compared to providers like State Farm. Several complaints on the BBB website mention disagreements over insurance claims and billing errors on accounts.

More positive reviews mention good customer service experiences and low rates on insurance, with a few customers recommending USAA’s banking products.

Government actions against USAA

The Consumer Financial Protection Bureau (CFPB) sued USAA for continuing to charge customers after they’d submitted a stop payment request on electronic funds transfers. It also charged the bank with failing to sufficiently investigate the solution. USAA paid out $12 million to customers and a $3.5 million fine after it reached a settlement with the CFPB in 2019.

USAA also entered a Consent Order with the Office of Comptroller of the Currency (OCC) in 2019, after the OCC found that the bank did not have adequate risk management systems in place to protect customers. USAA neither admitted to or denied the OCC’s assessment. But it agreed to create a committee to monitor its compliance with the OCC and submit a written action plan to correct the problems.

How the application works

You can apply for a USAA personal loan online. If you aren’t a member, you’ll have to join first. Otherwise you can get started by logging on to your USAA account.

Once you’ve submitted your info, a specialist considers your loan request. You’re usually notified of the loan decision within one to two business days. If approved, you may have your loan funded within 24 hours.

Browse more loans offered by USAA. And if you can’t open an account, compare other personal loan options to find a good fit for you.

How USAA debt consolidation works

Unlike lenders like Discover, USAA doesn’t directly send your loan proceeds to your creditors. Instead, you’ll need to contact your creditors and ask for a pay off amount on the date you expect to send the funds. This can also take longer than if you use a lender that directly pays creditors for you, because you have to wait for two transfers:

  • One to receive your loan funds after approval (about 24 to 48 hours to a USAA account, and longer if by bank check via FedEx)
  • One for your creditors to receive the payment

If you’d rather your lender pay your creditors for you, you’ll need to choose another lender. And as always, be sure to shop around to find the best rate and terms for your debt consolidation needs.

Frequently asked questions

Does USAA allow cosigners?

No, but it does allow you to file a joint application.

Are USAA personal loans available to nonmilitary families?

No. USAA personal loans are reserved for USAA members who meet the eligibility criteria. You can, however, use some of USAA’s other services, including investment guidance, life insurance and shopping discounts.

How much does USAA Debt Protection cost?

The cost depends on your loan amount and the level of protection you choose. Basic, Standard and Premium plans are available, and fees are included in your monthly loan payment.

Personal loan ratings

★★★★★ Excellent
★★★★★ Good
★★★★★ Average
★★★★★ Subpar
★★★★★ Poor
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Aliyyah Finder


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May 03, 2018

Do I need a savings or checking account with USAA to get a personal loan?


Jhezelyn Finder

May 04, 2018

Hello Alokoa,

Thank you for your comment.

USAA personal loans are reserved for USAA members who meet the eligibility criteria. So you must be a member first and yes, you need a USAA checking account since you will use that for repayments.



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