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NFCU (Navy Federal) Personal Loan Approval - 12Hours

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Valued Member

NFCU (Navy Federal) Personal Loan Approval - 12Hours

Just wanted to share the good news and why I love NFCU so much... Applied for a NFCU Personal Loan this morning in the amount of $35,000 and received the funds in my checking account by 8PM this evening. Overall Credit Utilization: 28% |Annual Income: $150,000 |Inquiries: 18 Credit: Mid/High 600s Interest Rate: 15% Terms: 60 month (hoping to pay off in 2 years which is when I plan to purchase my first home) | Purpose: $25k Debt consolidation and $10k is sitting in my savings (I'll move the $10k back onto the loan next month after the first report) Background: I received an email this morning from NFCU inviting me to apply for the personal loan and said, why not. They didn't ask me to verify income (I did however verify my income a year ago when I asked for a credit limit increase on my credit card so they may still have those pay stubs) but they did ask why I needed the loan. I told them it was for debt consolidation but I told the rep to note my account to say, "if they want me to close any of my accounts once paid, they can cancel the loan application." Fast forward to a few hours later and I received a notification saying $35k was sitting in my checking account, even prior to me e-signing any forms. I paid off all my credit cards afterward and transferred the $10k to my savings. Note: I asked for $10k more then what I needed because I saw on other forums that people were getting approved for less than what they requested. Needless to say, I was surprised I received the full amount requested.
Starting Score [February 2018]:
Current Score:
Goal Score [January2020]:


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NFCU GO Rewards $50k | NFCU LOC $15k | CareCredit $15k | Wayfair $14.2k | Neiman Marcus $12k | Amazon Store $10k | Macy's $10k | Home Depot $8k | Ashley $7.5k | PayPal Credit $4.5K | NIH Platinum $3.8k | DiscoverIT $2.3k | Citibank (AU) $1.5k | ScoreCard (Dick's Sporting Goods) $1.2k | Pier 1 $1k |
Message 1 of 6
5 REPLIES 5
Super Contributor

Re: NFCU (Navy Federal) Personal Loan Approval - 12Hours

That's awesome!  Yay you!

 

12/01/19 Fico 8: EX 732, EQ 732, TU 755.
11/08/19 Fico 9: EX 733, EQ 740, TU no idea...
Zero percent financing is where the devil lives...

Firmly in the garden until the next pre-approval arrives!
Message 2 of 6
Frequent Contributor

Re: NFCU (Navy Federal) Personal Loan Approval - 12Hours

Congrats! Nice loan.
Message 3 of 6
Senior Contributor

Re: NFCU (Navy Federal) Personal Loan Approval - 12Hours

Congrats on approval !!!

 

 

8-2019 / Fico 8 EX 8013 , EQ 8016 , TR 810
Amex ED 22k , CSP 17k , Discover iT 12.5k , Fifth Third Bank S2C 12k , BofA Cash Rewards 10k , Avianca Vida 10k , State Farm Good Neighbor Visa 10k , Citi DD 6k , Union Bank Rewards 5k
Message 4 of 6
Valued Member

Re: NFCU (Navy Federal) Personal Loan Approval - 12Hours

Thank you!
Starting Score [February 2018]:
Current Score:
Goal Score [January2020]:


Take the myFICO Fitness Challenge

NFCU GO Rewards $50k | NFCU LOC $15k | CareCredit $15k | Wayfair $14.2k | Neiman Marcus $12k | Amazon Store $10k | Macy's $10k | Home Depot $8k | Ashley $7.5k | PayPal Credit $4.5K | NIH Platinum $3.8k | DiscoverIT $2.3k | Citibank (AU) $1.5k | ScoreCard (Dick's Sporting Goods) $1.2k | Pier 1 $1k |
Message 5 of 6
Valued Member

Re: NFCU (Navy Federal) Personal Loan Approval - 12Hours

Thanks
Starting Score [February 2018]:
Current Score:
Goal Score [January2020]:


Take the myFICO Fitness Challenge

NFCU GO Rewards $50k | NFCU LOC $15k | CareCredit $15k | Wayfair $14.2k | Neiman Marcus $12k | Amazon Store $10k | Macy's $10k | Home Depot $8k | Ashley $7.5k | PayPal Credit $4.5K | NIH Platinum $3.8k | DiscoverIT $2.3k | Citibank (AU) $1.5k | ScoreCard (Dick's Sporting Goods) $1.2k | Pier 1 $1k |
Message 6 of 6
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