PenFed Federal Credit Union: Best Credit Union Emergency Loan

PenFed Credit Union provides affordable personal bank loan choices if you want to borrow cash for a crisis cost. Loan APRs begin at only 6.49% and maximum out at 17.99per cent. In addition to this competitive APR range, the credit union charges no origination charges on signature loans.

Minimal loan quantities available, as low as $500

Co-borrowers allowed, but workout care

Limited charges — no origination charges, application charges, or prepayment penalties

Just PenFed people permitted to borrow

$20,000 optimum loan quantity low weighed against other loan providers

No prequalification choice available, meaning a mandatory credit inquiry that is hard

Other important info:

  • Maximum/minimum quantity you are able to borrow – $500 to $20,000
  • APR range – 6.49% to 17.99percent
  • Terms – as much as 60 months
  • Suggested minimal credit score – Reported become 580 although not verified on site
  • Time for you to receive funds – perhaps by the business day that is next

    • Most useful Peer-to-Peer Emergency Loan for Bad Credit

    In the event that you don’t wish to borrow funds from a conventional bank or an on-line lender, this alternative may be valued at considering.