Personal Loan - NFCU or Penfed??

[NYFan63]

I am looking to app for a personal loan to pay off my CC debt - looking for approx $20k to pay off over 4-5 years?  I have had relationship with NFCU for 2+ years now and with Penfed since May?  I sense I should app with NFCU...thoughts?

[Anonymous]

Sounds like you have a longer relationship with NFCU based on your profile.    NFCU Personal Loan Stats

Depending on your income and credit history, Navy Federal has an option to fit your unique needs and may even be able to deposit funds directly into your checking or savings account. Rates differ based on creditworthiness.

APR as low as

10.49 - 18.00%%1

for up to 36 months

13.750 - 18.00%%

for 37 to 60 months

14.250 - 18.00%%

for 61 to 180 months

• $50,000 maximum loan amount for terms up to 60 months
• Terms greater than 60 months available for home improvement. Must apply through a representative. $25,000 minimum loan amount for terms 61 to 84 months and $30,000 minimum loan amount for terms 84 to 180 months.

[NYFan63]

Thanks brownie - I was thinking the same thing. Makes sense to app with NFCU. Now just have to decide when I want to pull the trigger 😀

[SouthJamaica]

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@NYFan63 wrote:

I am looking to app for a personal loan to pay off my CC debt - looking for approx $20k to pay off over 4-5 years?  I have had relationship with NFCU for 2+ years now and with Penfed since May?  I sense I should app with NFCU...thoughts?

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Navy is more likely to give you the amount you need but Pentagon is more likely to give you a decent interest rate.

[NYFan63]

SJ - that is my dilemma - haha

[Appleman]

Don't forget to check out the SoFi.com pre-qualification site. It will do a SP of credit and give you potential terms and rates. I have found them to beat PFCU and NFCU.

[Anonymous]

Yes, I have a personal loan with SoFi that Penfed could not match. Can't have any baddies for ultimate approval.

[Anonymous]

Those are very high percentage rates listed for that amount. High APR to borrow under for such a long time.