Pre-qualifications and pre-approvals are NEVER a guarntee. Yes, your chances for approval are better, but don't bank on it. Yes, it should require a hard-pull, underwriter, etc ...
As for the terms. I would be questioning the 14.5% APR. However, there are no data points. If your scores are less than 700, 14.5% is OK. If your scores are 700+ 14.5% is not that good. To put this in perspective, I have a personal loan through Upstart at 8.36% APR. At the time I had 780+ FICO scores.
I hope this helps.
@Anonymous wrote:I got the same Pre-approval check last week for up to 25K. I deposited it the next day, and money was in my account the next day. There was no HP since you were SP’d for the offer. The loan is already showing in my Penfed account.
No fees associated with it?
I would've been tempted to take it and turn around and pay 99% of it right back... big honking FICO reindeer games!
Actually that would push my aggregate installment utilization under 80% immediately which might be the breakpoint heh.
@Revelate wrote:
@Anonymous wrote:I got the same Pre-approval check last week for up to 25K. I deposited it the next day, and money was in my account the next day. There was no HP since you were SP’d for the offer. The loan is already showing in my Penfed account.
No fees associated with it?
I would've been tempted to take it and turn around and pay 99% of it right back... big honking FICO reindeer games!
Actually that would push my aggregate installment utilization under 80% immediately which might be the breakpoint heh.
No fees no hp It was very very easy. You just put the check in any of your bank accounts On the check you have to check on how many months you want the loan for etc. It was the easiest loan i have ever taken out 
. I have made future payments 4 months and it did push the payment due date
@JoeLuvsHisCredit wrote:
@Revelate wrote:
@Anonymous wrote:I got the same Pre-approval check last week for up to 25K. I deposited it the next day, and money was in my account the next day. There was no HP since you were SP’d for the offer. The loan is already showing in my Penfed account.
No fees associated with it?
I would've been tempted to take it and turn around and pay 99% of it right back... big honking FICO reindeer games!
Actually that would push my aggregate installment utilization under 80% immediately which might be the breakpoint heh.
No fees no hp It was very very easy. You just put the check in any of your bank accounts On the check you have to check on how many months you want the loan for etc. It was the easiest loan i have ever taken out
That's awesome!
I thought the SSL trick would work with Penfed as I saw old posts from around 2011 when I looked for them suggesting they did move things ahead on a regular payment. Shoot no fees I probably would've just taken it... sorta tempted to go looking around at some slightly old mail I might not have really taken a close look at to see if I got a similar offer, even though Penfed has never offered me anything heh.
Just look in the mail for future offer with lower APR. I was kinda upset 1 week after i took the offer I received another offer (check) in the mail with a 3% lower APR 
lol. Many people on here like Bella told me that if i didn't take the offer they will send new offer most of the time with lower APR
Yup the offers do get better when you don't take advantage of them. At the beginning of the year my offer was around 12%. By the time summer hit, it was down to 6.xx%.
I still haven't taken them up on the offer. lol
Maybe one day, I'll give it a go!
I still haven't taken them up on the offer. lol
Maybe one day, I'll give it a go!
@Revelate wrote:
@JoeLuvsHisCredit wrote:
@Revelate wrote:
@Anonymous wrote:I got the same Pre-approval check last week for up to 25K. I deposited it the next day, and money was in my account the next day. There was no HP since you were SP’d for the offer. The loan is already showing in my Penfed account.
No fees associated with it?
I would've been tempted to take it and turn around and pay 99% of it right back... big honking FICO reindeer games!
Actually that would push my aggregate installment utilization under 80% immediately which might be the breakpoint heh.
No fees no hp It was very very easy. You just put the check in any of your bank accounts On the check you have to check on how many months you want the loan for etc. It was the easiest loan i have ever taken out
That's awesome!
I thought the SSL trick would work with Penfed as I saw old posts from around 2011 when I looked for them suggesting they did move things ahead on a regular payment. Shoot no fees I probably would've just taken it... sorta tempted to go looking around at some slightly old mail I might not have really taken a close look at to see if I got a similar offer, even though Penfed has never offered me anything heh.
I just paid $11480.00 on my PL and it pushed my payment to 09/2021 