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NAVY FEDERAL PERSONAL LOAN UNDER REVIEW

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Member

NAVY FEDERAL PERSONAL LOAN UNDER REVIEW

While applying online for NFCU personal loan, previously I have been stopped at the middle tab and it will tell me that my application doesn't meet NFCU's standards, etc.  This time I did get past the get approved tab and it gave me the APR and monthly payment range and asking where I want proceeds deposited and if I want automatic payments.  It didn't say approved, it said under review for 2 hours.  Is this normal?  Will I get a notification either way?

Angel70
Message 1 of 13
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Mega Contributor

Re: NAVY FEDERAL PERSONAL LOAN UNDER REVIEW


@angel70 wrote:

While applying online for NFCU personal loan, previously I have been stopped at the middle tab and it will tell me that my application doesn't meet NFCU's standards, etc.  This time I did get past the get approved tab and it gave me the APR and monthly payment range and asking where I want proceeds deposited and if I want automatic payments.  It didn't say approved, it said under review for 2 hours.  Is this normal?  Will I get a notification either way?


Hi @angel70 , Pretty standard for NFCU to do a manual review, yes they will notify you!

Sometimes you can log-In and see it under "messages".

 

If you do not hear back within say 24 hours?, I would call them.

 

Good Luck and Keep us posted.

Message 2 of 13
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Established Contributor

Re: NAVY FEDERAL PERSONAL LOAN UNDER REVIEW

You can also check the application status on their website or within their app. 

Personal Credit -
AMEX: Platinum, Green, Blue Cash Preferred, Schwab Investor
PNC: Cash Rewards, Points
NFCU: Flaghship Rewards, Cash Rewards, More Rewards, CLOC
PSECU: Founders
BB&T: Spectrum Cash Rewards
CapOne: Quicksilver
Discover: IT Chrome, IT
Synchrony: PayPal 2%, PayPal Credit
Barclays: Uber
PenFed: Power Cash Rewards
Store Cards: Target
AU Cards: Citi Rewards+

Business Credit-
AMEX: Delta Gold, Amazon Prime, Simply Cash Plus
Message 3 of 13
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Community Leader
Super Contributor

Re: NAVY FEDERAL PERSONAL LOAN UNDER REVIEW

It's normal. For my latest app, it went to review, then looked like it was approved, then I got an email that they needed info from me, but they didn't, then I got an email that I need to agree to their stipulations which was actually a counteroffer, then I was approved, then I had to e-sign documents.







Message 4 of 13
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Mega Contributor

Re: NAVY FEDERAL PERSONAL LOAN UNDER REVIEW


@angel70 wrote:

While applying online for NFCU personal loan, previously I have been stopped at the middle tab and it will tell me that my application doesn't meet NFCU's standards, etc.  This time I did get past the get approved tab and it gave me the APR and monthly payment range and asking where I want proceeds deposited and if I want automatic payments.  It didn't say approved, it said under review for 2 hours.  Is this normal?  Will I get a notification either way?


@angel70   .. Did you receive any updates?

Message 5 of 13
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Member

Re: NAVY FEDERAL PERSONAL LOAN UNDER REVIEW

No, I'm too scared.  I figure I'll see a denial letter soon.  I just thought I had a chance since I didn't get a flat out denial.  I'll let you know if I get any updates, thanks.

Angel70
Message 6 of 13
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Valued Contributor

Re: NAVY FEDERAL PERSONAL LOAN UNDER REVIEW

@angel70 

Any updates on whether you got approved for your personal loan? 

Message 7 of 13
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Mega Contributor

Re: NAVY FEDERAL PERSONAL LOAN UNDER REVIEW


@gingerflower wrote:

@angel70 

Any updates on whether you got approved for your personal loan? 


+1

Message 8 of 13
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Established Contributor

Re: NAVY FEDERAL PERSONAL LOAN UNDER REVIEW


@Brian_Earl_Spilner wrote:

It's normal. For my latest app, it went to review, then looked like it was approved, then I got an email that they needed info from me, but they didn't, then I got an email that I need to agree to their stipulations which was actually a counteroffer, then I was approved, then I had to e-sign documents.


This is exactly my experience with my recent CLOC app.









Message 9 of 13
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Member

Re: NAVY FEDERAL PERSONAL LOAN UNDER REVIEW

Denied...DTI is heavy..score not ideal.  I don't have the letter yet.  Oh well, going to hide under a rock for a while.  Thanks guys.

Angel70
Message 10 of 13
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