Personal Loans
Personal and Home Improvement Loans
Personal and Home Improvement Loans
Get access to the money you need, when you need it.
Secure the Money You Need
A loan from Navy Federal can be a great way to consolidate debt, finance home improvements or cover unexpected expenses. Applying is fast and easy, and you can enjoy a fixed monthly payment at a competitive rate. Plus, you won’t pay any origination or prepayment fees. In most cases, you’ll receive same-day funding.
Personal Loan Options
Personal Expense Loan
Navy Federal has an option to fit your unique needs—and we may even be able to deposit funds directly into your checking or savings account.
Features:
- Simplified financing for unplanned and planned expenses such as auto repairs, vacations and other major purchases
- $250 to $50,000 loan amounts
| Terms | APR1 |
|---|---|
| Up to 36 mos. | 7.49-18.00% |
| 37 to 60 mos. | 14.79-18.00% |
Home Improvement Loan
Get quick cash to finance your home improvement or repair projects.
Features:
- Great for home repairs, remodeling or efficiency upgrades
- No collateral required
- $25,000 minimum loan amount for 61 to 84 months and $30,000 minimum loan amount for 85 to 180 months
| Terms | APR2 |
|---|---|
| Up to 36 mos. | 7.49-18.00% |
| 37 to 60 mos. | 14.79-18.00% |
| 61 to 180 mos. | 15.29-18.00% |
Debt Consolidation Loan
Simplify your finances by consolidating high interest debt at a competitive, fixed rate.
Features:
- Affordable monthly payments
- $250 to $50,000 loan amounts
| Terms | APR1 |
|---|---|
| Up to 36 mos. | 7.49-18.00% |
| 37 to 60 mos. | 14.79-18.00% |
Savings Secured Loan
Secure financing without dipping into your savings, and at a lower rate.
Features:
- Fully secured by your Navy Federal savings account
- Savings continue to earn dividends and become available to you as the loan is paid off
- $25,000 minimum loan amount for 61 to 84 months and $30,000 minimum loan amount for 85 to 180 months
| Terms | APR3 |
|---|---|
| 61 to 180 mos. | Share rate + 3.00% |
| Up to 60 mos. | Share rate + 2.00% |
Certificate Secured Loan
Borrow 100% of your certificate's principal balance for a variety of terms at 2.00% APR above the certificate's rate.
Features:
- Loan amount cannot exceed the certificate balance
- Loan term must be equal to or less than the certificate term
| Terms | APR4 |
|---|---|
| Up to 60 mos. | Certificate rate + 2.00% |
Application Checklist
Here are a few things we'll need to know to apply for a personal loan:
- How much you want to borrow for your loan
- How long you'd like to finance your loan
- Current employment and income (including your employer's name and contact information)
- Your contact information, including phone number and email (If you'd like your loan documents sent to an address other than your address of record or to a Navy Federal branch, please call 1-888-842-6328.)
- Information about your co-applicant, if applicable (date of birth, address, phone number, email, income, employer's name and phone number, Social Security Number, NFCU Access Number)
Why Choose Navy Federal
Low Rates
Our personal loan rates are competitively low so your payments can be affordable.
Digital Account Management
Our simple online application and digital banking* options make it easy to manage your personal loan.
Member Benefits
Navy Federal members receive exclusive benefits and support.
How Personal Loans Work
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1. Apply
It’s easy to apply online, and only takes a few minutes.
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2. Sign Your Loan
After approval, you can electronically sign your loan to save time—and paper.
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3. Receive Your Money
Your funds will be automatically deposited into your account in as little as 24 hours.
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Disclosures
Rates are based on creditworthiness, so your rate may change. Personal Loan rates range from 7.49% to 18.00% APR.
Payment Example: A loan amount of $5,000 for 36 months has a payment range from $156 to $183 and finance charge range from $623 to $1,598.
Rates are based on creditworthiness, so your rate may change. Home Improvement Loan rates range from 7.49% to 18.00% APR.
Payment Example: A loan amount of $5,000 for 36 months has a payment range from $156 to $183 and finance charge range from $623 to $1,598.
Savings Secured Loan Payment Example: Share rate plus 2.00%. Loan amount of $3,000 at 2.25% APR for 36 months has a payment of $86.
↵Certificate Secured Loan Payment Example: Certificate rate plus 2.00%. Loan amount of $3,000 at 4.05% APR for 60 months has a payment of $56.
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