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Penfed Rate Check

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CivalV
Established Contributor

Penfed Pre-approved Loan Review?

I was conditionally approved for $20K at 17%. I was told I needed to upload 2 paystubs. I applied 2 days ago and its been in review since then.. It will more than likely be a denial but has anyone experienced a good outcome after the application taking long to be approved? Not holding my breath but it was nice being preapproved for $20k. Makes me feel like I am headed in the right direction lol

Message 11 of 21
CivalV
Established Contributor

Penfed Signature Loan APPROVED!!!

Approved for $20,000 at 17% which is not terrible since I plan on paying $10,000 within the first year of this loan since I already have two installment loans. I am shocked it was approved. They called me for about 2 weeks and the application was stalled lol 

Message 12 of 21
blindambition
Senior Contributor

Re: Penfed Signature Loan APPROVED!!!

Congrats on the Signature loan approval!!! Glad you plan to pay a good chunk this year. 17% is a little steep!!

Smiley Happy

Message 13 of 21
CivalV
Established Contributor

Re: Penfed Signature Loan APPROVED!!!


@blindambition wrote:

Congrats on the Signature loan approval!!! Glad you plan to pay a good chunk this year. 17% is a little steep!!

Smiley Happy


Thank you! It's definitely high BUT not higher than my credit card interest rates 🤣😩

Message 14 of 21
AllZero
Mega Contributor

Re: Penfed Signature Loan APPROVED!!!

Congratulations on your approval!
Message 15 of 21
CivalV
Established Contributor

Re: Penfed Signature Loan APPROVED!!!


@AllZero wrote:
Congratulations on your approval!

Thank you! 

Message 16 of 21
M_Smart007
Legendary Contributor

Re: Penfed Signature Loan APPROVED!!!

Congratulations on your approval! ...

Message 17 of 21
CivalV
Established Contributor

Re: Penfed Signature Loan APPROVED!!!


@M_Smart007 wrote:

Congratulations on your approval! ...


Thank you so much! 

Message 18 of 21
cashorcharge
Community Leader
Super Contributor

Re: Penfed Signature Loan APPROVED!!!

That's terrific!  Congratulations on your approval!! 🎉🥂

Message 19 of 21
Mr_Mojo_Risin
Senior Contributor

Re: Penfed Signature Loan APPROVED!!!

I'm remember you posting about this a few weeks back. 

I'm glad you got worked out, congratulations!

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Message 20 of 21
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