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PenFed loan approval

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Nikiamarie74
Established Member

PenFed loan approval

Edit: Was initially pre approved for 20k, but took 5k as it was all that was needed!

 

Just applied and was approved for a PenFed personal loan of $5k for 48 months @Anonymous %

I was also prequalified for a U.S. bank loan same amount with slightly higher rate. 



I chose PenFed

Also called to see if I could use the pull for a cli on my PenFed PCR and was told it may be a separate HP so I declined to go through with it. My EX report was pulled and PenFed usually pulls EQ for me? 
3 inquiries on EX
uti@ 7%

649 Ex fico 8

Message 1 of 16
15 REPLIES 15
gingerflower
Senior Contributor

Re: PenFed loan approval

Congratulations on your personal loan with penfed. 16 % apr is pretty high. But, Congratulations!

Message 2 of 16
JoeRockhead
Community Leader
Super Contributor

Re: PenFed loan approval

Congratulations on your approval!

Message 3 of 16
TheRedHat
Established Contributor

Re: PenFed loan approval

Congrats on your approval! Pay that loan off as soon as you possibly can.

Last update: 6/14/2025

Goal Cards
Message 4 of 16
Nikiamarie74
Established Member

Re: PenFed loan approval

Absolutely will be paid off in the next few months!

Message 5 of 16
PNWRambler
Frequent Contributor

Re: PenFed loan approval

Congrats on the approval!  If you pay it off in a few months, then the interest rate won't be so significant.  That's a good plan!

Message 6 of 16
OmarGB9
Community Leader
Super Contributor

Re: PenFed loan approval

Congrats! And the double dip using one pull only works for two credit cards. As you said, they pull EQ for credit cards, but EX for loans.


Last App: 1/10/2023
Penfed Gold Visa Card

Currently rebuilding as of 04/11/2019.

Starting FICO 8 Scores:




Current FICO 8 scores:


Message 7 of 16
difringe
Established Contributor

Re: PenFed loan approval

congrats on your approval! did they clarify which experian report they pulled?

Message 8 of 16
Bippy_33
Regular Contributor

Re: PenFed loan approval

Congrats !!! I just got approved for a $16,000 personal from pendfed today. No POI was requested and the money will be in my account by Tuesday next week !

Message 9 of 16
Nikiamarie74
Established Member

Re: PenFed loan approval

I'm not sure what version other than it was an Experian pull 

Message 10 of 16
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