Personal Loans
Access the cash you need — fast
Most personal loans fund in 24 hours or less.
Stay on top of your finances with rates as low as 8.74% APR for 36 months
When life throws a curve ball, a personal loan can cover a large expense while keeping your budget under control. Most fund the same day, as a lump sum paid straight into your account.
You can use a personal loan for
- Debt consolidation
- Home improvements
- Unexpected expenses
- Weddings
- Travel and holidays
- Medical bills
Personal loan types and rates
Personal Expense Loan
Cover planned or unplanned costs — car repairs, moving, a major purchase or an emergency. Fixed rates, predictable payments and no fees keep your budget intact.
Features
- Same-day funding available
- $250 to $150,000; above $50,000 requires a qualified co-applicant
- No fees and no early repayment penalties
- Apply in the app or online in minutes
Tiered rates for the Personal Expense Loan Terms APR Up to 36 months 8.74–18.00% 37 to 60 months 10.69–18.00% Home Improvement Loan
Finance bigger projects — an extension, a new roof, rewiring or landscaping — without putting your home up as collateral.
Features
- $250 to $150,000; above $50,000 requires a qualified co-applicant
- No collateral required
- No fees and no early repayment penalties
- Fixed rates for predictable payments
Tiered rates for the Home Improvement Loan Terms APR Up to 36 months 8.74–18.00% 37 to 60 months 10.69–18.00% 61 to 180 months 13.29–18.00% Call our loans team or visit a branch to apply.
Debt Consolidation Loan
Simplify how you pay down higher-interest debt. Combine several balances into one payment, and you may lower your rate or monthly outgoing in the process.
Features
- $250 to $50,000 for individual applicants
- Fixed rates for predictable payments
- No collateral required
- No fees and no early repayment penalties
Tiered rates for the Debt Consolidation Loan Terms APR Up to 36 months 8.74–18.00% 37 to 60 months 10.69–18.00% Call our loans team or visit a branch to apply.
Savings Secured Loan
Borrow against your own savings. You keep earning interest on the balance while you repay, and you can build credit history at a low rate.
Features
- No credit check required
- Low interest rate
- Fully secured by your Navy Federal savings account
- Extended terms available for qualifying purposes
Tiered rates for the Savings Secured Loan Terms APR Up to 60 months Savings rate + 2.00% 61 to 180 months Savings rate + 3.00% Call our loans team or visit a branch to apply.
Deposit Secured Loan
Borrow up to 100% of your fixed deposit's balance without triggering an early withdrawal penalty — and keep earning interest while you repay.
Features
- No credit check required
- Low interest rate
- Fully secured by your Navy Federal fixed deposit
- Not every deposit account is eligible as collateral
Tiered rates for the Deposit Secured Loan Terms APR Up to 60 months Deposit rate + 2.00% Call our loans team or visit a branch to apply.
It’s easy to apply and get cash fast
1. Apply
It takes a few minutes online, by phone or in a branch. The checklist below covers what you'll need.
2. Sign your loan
Once approved, sign electronically — no printing, no posting, no waiting on the post.
3. Receive your money
Funds land in your account automatically, in as little as 24 hours.
Application checklist
Here’s what we’ll ask for when you apply:
- How much you want to borrow
- How long you'd like to repay over
- Current employment and income, including your employer's name and contact details
- Your contact details, including phone number and email
- Details of your co-applicant, if you're applying jointly
Frequently asked questions
Most personal loans fund within 24 hours of signing, and same-day funding is available on the Personal Expense Loan. Secured loans can take a little longer while we confirm the collateral account.
Ready when you are — apply for a personal loan.