PenFed usually looks for 2-4 years of perfect payment history as far as current auto loans on your record are concerned. A strong payment history is necessary and a low CU is a must although the specifics are more than sketchy. That is the basic straightline of the matter. A buddy of mine got denied with a CU of 5 percent while on the other hand, I tried for the same deal and got approved for $50,000 at 1.99 percent for 5 years. My CU was 15 percent. The only difference was that my buddy had a BofA charge off on an auto loan from 3 years ago.
