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USAA personal loans review

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Members of USAA may benefit from a personal loan starting at $2,500.

finder.com’s rating: 3.8 / 5.0


  • Best for active and former members of the military who don't want to pay an origination fee.
  • Pick something else if you don't have the best credit.


Max. Loan Amount

6.99% to 17.65%



Min. Credit Score


Product NameUSAA Personal Loans
Min. Loan Amount$2,500
Max. Loan Amount$20,000
APR6.99% to 17.65%
Interest Rate TypeFixed
Min. Credit ScoreVaries
Late Fee5% of payment due
Maximum Loan Term6 years

Expert review

Aliyyah Camp

Review by

Aliyyah Camp is a writer and personal finance blogger who helps readers compare personal, student, car and business loans. Aliyyah earned a BA in communication from the University of Pennsylvania and is based in New York, where she enjoys movies and running outdoors.

Expert review

USAA personal loans are ideal if you’re an active or former member of the military — you won’t qualify otherwise. Its loans come with no origination fee, an autopay discount and the option to sign up for debt protection in case the unthinkable happens. You can apply online, and applicants typically hear back about approval within one to two business days.

But its rates start relatively high compared to other lenders out there — which is odd since it requires strong credit to even qualify. And its loans max out at $20,000, which means this might not be the best choice for covering larger projects or expenses. You also need to be a USAA member or join before you can apply.

Can’t qualify for membership? Compare your other options below.

First, am I eligible?

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

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


  • Online application
  • Autopay APR discount of 0.25%
  • No origination fee
  • USAA Debt Protection program


  • Must be a USAA member
  • Rates start higher than other lenders
  • Low maximum loan amounts
  • Strong credit required

Compare other personal loan providers

Updated January 25th, 2020
Name Product Filter Values APR Min. Credit Score Max. Loan Amount
Credible Personal Loans
3.99% 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 20.01%
A highly-rated lender with competitive rates, high loan amounts and no fees.

Compare up to 4 providers

How do I apply?

You can apply online by visiting USAA online and clicking Join USAA. If you’re already a member, log in to your USAA member account. From here, you can fill out the application by providing some basic information about yourself, including details about your finances.
USAA personal loan screenshot

What information do I need to apply?

  • Date of birth
  • Social Security number
  • Details about you or your family member’s military service
  • Current employment and financial information

What happens after I apply?

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.
More about USAA loans

How do repayments work with USAA?

Once you have your USAA personal loan, keep up with monthly payments to avoid paying the 5% penalty for late payments. And if you sign up for autopay with a USAA checking account, you’ll receive a discount of 0.25%.

If you run into any problems or have questions, visit a USAA branch or contact customer service.

If you can’t open an account with USAA, you can compare other personal loan options to find a good fit for you.

Frequently asked questions

Personal loan ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze top personal loan providers and rate them one to five stars based on factors that are most important to you. These factors include: rates and fees, customer reviews, loan amounts, loan processing and borrower experience.

Read the full methodology of how we rate personal loan providers.

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  1. Default Gravatar
    May 4, 2018

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

    • Avatarfinder Customer Care
      May 4, 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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