The conclusion: Navy Federal Borrowing from the bank Relationship also offers a remarkable range of loan numbers, specifically for consumers exactly who just need a tiny amount of cash. Although not, you can find stringent registration requirements that produce the credit union unreachable to some consumers.
Navy Federal consumer loan quantity and you may rates of interest
Navy Government Credit Connection provides unsecured loan amounts one to consist of $250 in order to $50,100. Navy Government have among the lower minimums up to, and equivalent maximums to other borrowing unions . Such as, PenFed’s loan amount range is actually $600 to help you $50,100000, and also the range to possess Alliant’s personal loans was $1,one hundred thousand in order to $50,000. Very on line loan providers has actually highest minimum mortgage quantity.
Navy Federal offers title fees lengths away from six months in order to five decades. There are no prepayment punishment on the loan.
Navy Federal’s interest levels vary from seven.49% to help you % Apr. Navy Federal have a top lowest interest rate than simply PenFed (5.99% APR) and you may Alliant, and this initiate at the six.24% Annual percentage rate. You may also think an alternate bank that have straight down lowest costs if the your own credit is during expert contour.