Pen Fed Signature Loan Pre-Approval - how solid is it?

[gingerflower]

I checked my preapproval and interest rate for a $5000 personal loan which I got a rate of 7.49 fixed rate for 36 months I applied and got instant approval.  My funds will be deposited in my Penfed checking account in 2 business days. Good luck on your application.

[Anonymous]

I did the preapproval for 10k, got preapproved for max of 35k at 10.99%. Went ahead and applied for the 10k, and it went under review. I got denied bc of too many new accounts and lack of payment history. Fico 8 was around 720 at the time with very low DTI and 80k income. 

[Anonymous]

@Anonymous 
Did you have any open credit cards with PenFed at time of your loan app? Was just wondering because they could have used your cc payment history with them.

[Anonymous]

I didn't have any open trade lines with PenFed at the time of the app. However I did have several other credit cards but my history is short and they didn't like that.