Rates

Credit and collateral subject to approval. Advertised “as low as” annual percentage rates (APR) assume excellent borrower credit history. Your actual APR may differ and will be based upon several factors, including credit history, loan type, model year, mileage, term, and loan amount. Rates subject to change.

New Vehicles: 2024 and newer model years with (a) under 7,500 miles, or (b) between 7,500 and 30,000 miles (late model used vehicles). NOTE: Vehicles with 7,500 or more miles are not eligible for loan terms greater than 72 months and may incur rates that differ from vehicles with fewer than 7,500 miles.

Payment example: New auto loan of $20,000 for 36 months at 4.09% APR will have a monthly payment of $593.

Used Vehicles: 2023 and older model years or any model year with over 30,000 miles. Vehicles 20 years or older (based on model year) are considered classic or antique and subject to Other Eligible Vehicle rates. 

Credit and collateral subject to approval. Advertised “as low as” annual percentage rates (APR) assume excellent borrower credit history. Your actual APR may differ and will be based upon several factors, including credit history, model year, term, and loan amount. Rates subject to change. Boat and recreational vehicles must be used for recreational purposes only.

Boats: $25,000 minimum amount financed for terms of 61-84 months. $30,000 minimum amount financed for terms over 84 months. Payment example: New boat loan of $20,000 for 3 years at 8.45% APR will have a monthly payment of $635. 

New Motorcycles: New Motorcycles: 2024 and newer model years with less than 1,000 miles. $25,000 minimum amount financed for terms of 61-72 months. $30,000 minimum amount financed for terms of 73-84 months. Payment example: New motorcycle loan of $15,000 for 3 years at 8.95% APR will have a monthly payment of $480.

Used Motorcycles: 2023 and older model years, or more than 1,000 miles, regardless of title history. $25,000 minimum amount financed for terms of 61-72 months.

Other Collateral: $25,000 minimum amount financed for terms of 61-84 months. $30,000 minimum amount financed for terms over 84 months. Payment example: Loan for other collateral of $15,000 for 3 years at 8.95% APR will have a monthly payment of $480.

Limit one Special EasyStart Certificate per member. The Special EasyStart Certificate has a $50 minimum balance and a $3,000 maximum contribution limit. Additional deposits are allowed at any time subject to the maximum contribution limit. Certificate owner(s) age 18 and older must have direct deposit and a Navy Federal checking account within 90 days of the certificate issue date. If these requirements have not been satisfied by the 90th day, your Special EasyStart Certificate dividend rate will be adjusted to the prevailing dividend rate of the 12-month EasyStart Certificate for the remainder of the certificate's term. At maturity, the Special EasyStart Certificate will automatically renew and any amount exceeding the $3,000 maximum contribution limit will be transferred to your Membership Savings Account unless instructed otherwise.

You may qualify for direct deposit if you have (1) a recurring ACH from employer, military pay, or certain government agency pay or benefits in your name that is deposited into a Navy Federal deposit account where you are Primary or Secondary Owner; OR (2) Mobile deposits, ATM deposits, or Branch deposits totaling at least $500 and recurring for at least three out of four consecutive months that are deposited into Navy Federal deposit accounts where you are Primary Owner; OR (3) monthly Non-payroll ACH or payroll allotment totaling at least $500 and recurring for at least three out of four consecutive months that are deposited into Navy Federal deposit accounts where you are Primary Owner; OR (4) monthly Non-payroll ACH or payroll allotment totaling at least $500 and recurring for at least three out of four consecutive months that are deposited into Navy Federal deposit accounts where you are Secondary Owner.

Limit one 10-Month Special Certificate per product type per member. Product types include Share, IRA (either Traditional, Roth, or SEP), and ESA. This offer, including the stated Annual Percentage Yield (APY), is effective January 6, 2025. Navy Federal reserves the right to end or modify this offer at any time. The 10-Month Special Certificate (Share/IRA/ESA) has a $50 minimum balance and a $250K maximum balance. Additional deposits are allowed at any time, subject to the maximum balance. Dividends earned are not included in the maximum balance allowed. Once the promotional rate is applied to a purchased certificate, it will remain in effect for the length of the product term. IRA/ESA certificates are subject to IRS contribution limits. Penalties apply for early withdrawals from certificate accounts. Other restrictions may apply.

Rates as of 05/25/2025

A fixed loan of $300,000 for 15 years at 5.625% interest and 5.820% APR will have a monthly payment of $2,471. 
A fixed-rate loan of $300,000 for 30 years at 6.500% interest and 6.646% APR will have a monthly payment of $1,896.
Taxes and insurance not included; therefore, the actual payment obligation will be greater. Includes a 1.00% loan origination fee, which may be waived for a 0.25% increase in the interest rate. Discount points are included. Occupancy restriction applies. All loans subject to credit approval.

$300,000 mortgage for 30 years at 5.875% (6.352% APR) will result in a monthly payment of $1,774. Taxes and insurance not included; therefore the actual payment obligation will be greater. Includes a 1.00% loan origination fee, which may be waived for a 0.25% increase in the interest rate. Discount points are included. All VA rules, guidelines, and additional program requirements will apply. All loans subject to approval. Navy Federal has no affiliation with U.S. Department of Veterans Affairs or any other government agency.

Adjustable Rate Mortgages are variable, and your Annual Percentage Rate (APR) may increase after the original fixed-rate period. The First Adjusted Payments displayed are based on the current Constant Maturity Treasury (CMT) index, plus the margin (fully indexed rate) as of the stated effective date rounded to nearest 1/8th of one percent. All loans subject to credit approval.

A Homebuyers Choice loan of $300,000 for 30 years at 7.375% interest and 7.713% APR will have a monthly payment of $2,072. Taxes and insurance not included; therefore, the actual payment obligation will be greater. Includes a 1.00% loan origination fee, which may be waived for a 0.25% increase in the interest rate. Discount points are included. Occupancy restriction applies. All loans subject to credit approval.

A Jumbo Homebuyers Choice loan of $1,000,000 for 30 years at 7.750% interest and 8.096% APR will have a monthly payment of $7,164. Taxes and insurance not included; therefore, the actual payment obligation will be greater. All loans subject to credit approval. Jumbo loans: Loan amounts greater than $806,500 in most states. The jumbo rates quoted above are for loan amounts above $806,500 up to $1,000,000.

Rates displayed are “as low as” and effective 05/25/2025 for purchase and refinance loans, and require a 1.00% loan origination fee, which may be waived for a 0.25% increase in the interest rate. Displayed rate may include discount points. Rates are subject to change. Rates vary based on creditworthiness, loan-to-value (LTV), occupancy, property type and loan purpose, and/or other factors. All loans subject to credit approval.

A Military Choice loan of $300,000 for 30 years at 7.250% interest and 7.586% APR will have a monthly payment of $2,046. Taxes and insurance not included; therefore, the actual payment obligation will be greater. Includes a 1.00% loan origination fee, which may be waived for a 0.25% increase in the interest rate. Discount points are included. Occupancy restriction applies. All loans subject to credit approval.

Home Equity Loans are fixed-rate loans. Rates are as low as 7.340% APR and are based on an evaluation of credit history, CLTV (combined loan-to-value) ratio, loan amount, and occupancy, so your rate may differ. A sample Fixed-Rate Equity Loan monthly payment based on $100,000 at 7.650% APR for 20 years is $814.79. Taxes and insurance not included; therefore, the actual payment obligation will be greater. Navy Federal will pay for all closing costs on new Fixed-Rate Equity Loan applications dated on or after June 1, 2023. Covered closing costs include lender fees and fees paid to third parties, such as settlement fees, credit reports, flood determinations, property valuations (including appraisals, if required), title searches, lender’s title insurance, recording, mortgage transfer taxes, and government charges. For loan amounts of up to $250,000, closing costs that members may pay typically range between $300 and $2,000. The member is responsible for escrow payments and/or prepaid costs, if required, including property taxes and assessments, homeowners’ and flood insurance premiums, association fees/dues and assessments, and prepaid interest. You must carry homeowners’ insurance on the property that secures this plan. All loans subject to approval. Offer is subject to change or cancellation without notice.

Home Equity Lines of Credit (HELOC) are variable-rate lines. Rates are as low as 7.750% APR and 8.750% for Interest-Only Home Equity Lines of Credit and are based on an evaluation of credit history, CLTV (combined loan-to-value) ratio, line amount, and occupancy, so your rate may differ. HELOC has a minimum APR of 3.99% and a maximum APR of 18%. Members who choose to proceed with an Interest-Only HELOC may experience significant monthly payment increases when the line of credit enters the repayment phase. Navy Federal will pay for all closing costs on HELOC applications dated on or after June 3, 2024. Covered closing costs paid to 3rd parties include settlement fees, credit reports, flood determinations, property valuations (including appraisals, if required), title searches, lender’s title insurance, recording, and government charges. The member is responsible for prepaid interest and escrow payments for 1st lien HELOCs. Member must carry homeowners’ insurance on the property that secures the HELOC. For loan amounts up to $250,000, closing costs typically range between $300 and $2,000. Applications for a HELOC include a request for a HELOC Platinum Credit Card. All loans subject to approval. Offer is subject to change or cancellation without notice. Rates are subject to change. HELOC loans are not available in Texas.

APR = Annual Percentage Rate. Rates are based on creditworthiness and subject to change. Advertised "as low as" APRs assume excellent borrower credit history. Your actual APR may differ and will be based on several factors, including credit history and loan term. The “as low as” rate displayed above is available for the 5-year term and assumes a 0.25% rate reduction upon borrower enrolling in automatic payments (subject to the floor rate). For more information about the automatic payment borrower benefit, see the Automatic Payments Discount disclosure.

Variable-Rate Loans: Annual Interest Rate = Base Rate + Loan Margin. The Base Rate is the 90-day average of the daily SOFR published by the Federal Reserve Bank of New York as of two business days immediately preceding the quarterly adjustment date. The APR is variable and may change as the Annual Interest Rate varies with the 90-day SOFR, and therefore, may increase during the life of the loan. 

Fixed-Rate Loans: The Interest Rate charged and the APR are constant for the life of the loan.

Variable-Rate Loan Payment Example: Loan repayment depends on the repayment option elected by the borrower.

A) $25 Monthly Payment Option: Assuming a $10,000 loan amount, a 10-year term and a 7.88% APR, you would make 54 (48 months in school + 6-month grace period) monthly payments of $25 while enrolled in school followed by 120 monthly payments of $152.36 to repay this loan. If the APR is 14.38% and the loan amount remains $10,000, you would make 54 monthly payments of $25 while you are enrolled in school followed by 120 monthly payments of $270.06 to repay this loan. The APR may increase during the life of the loan and can result in higher monthly payments.

B) Interest-Only Option: You would pay the amount of interest that accrued during each month while you are enrolled in school, with a minimum of $25. Thereafter, you would make 120 monthly payments calculated based on the principal balance and accruing interest.

Fixed-Rate Payment Example: Loan repayment depends on the repayment option elected by the borrower.

A) $25 Monthly Payment Option: Assuming a $10,000 loan amount, a 10-year term and a 7.91% APR, you would make 54 (48 months in school + 6-month grace period) monthly payments of $25 while enrolled in school followed by 120 monthly payments of $152.84 to repay this loan. If the APR is 12.85% and the loan amount remains $10,000, you would make 54 monthly payments of $25 while you are enrolled in school followed by 120 monthly payments of $236.95 to repay this loan.

B) Interest-Only Option: You would pay the amount of interest that accrued during each month while you are enrolled in school, with a minimum of $25. Thereafter, you would make 120 monthly payments calculated based on the principal balance and accruing interest.

Variable-Rate Payment Example: Assuming a $10,000 loan amount, a 6.29% APR, and a 15-year term, you would make 180 monthly payments of $85.96 to repay this loan. If the APR is 12.04% and the loan amount remains $10,000, you would make 180 monthly payments of $120.27. The APR may increase during the life of the loan and can result in higher monthly payments.

Fixed-Rate Payment Example: Assuming a $10,000 loan amount, a 15-year term, and a 6.35% APR, you would make 180 monthly payments of $86.29. If the APR is 11.80% and the loan amount remains $10,000, you would make 180 monthly payments of $118.73.