PenFed Auto Loan
PenFed
4.4
5.99%–17.99% APR$500–$150,000Fee: NoneMin credit: 650+
APR Range
5.99%–17.99%
Loan Amount
$500–$150,000
Term
36–84 mo
Origination Fee
None
Our take
PenFed offers credit-union-level rates with a very low $500 minimum. Open to anyone who joins the credit union.
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Full details
| Minimum loan amount | $500 |
| Maximum loan amount | $150,000 |
| Lowest APR | 5.99% |
| Highest APR | 17.99% |
| Shortest term | 36 months |
| Longest term | 84 months |
| Origination fee | None |
| Minimum credit score | 650+ |
| Funding speed | 1–2 days |
Frequently asked questions
What is the APR range for PenFed Auto Loan?
PenFed Auto Loan offers APR from 5.99% to 17.99%. Your actual rate depends on creditworthiness, loan amount, and term length.
How much can I borrow with PenFed Auto Loan?
Loan amounts range from $500 to $150,000. The amount you qualify for depends on your income, credit score, and existing debt.
What credit score do I need for PenFed Auto Loan?
A minimum credit score of 650 is typically required. However, meeting the minimum doesn't guarantee approval — lenders also consider income, debt-to-income ratio, and employment history.
Does PenFed Auto Loan charge an origination fee?
No, PenFed Auto Loan does not charge an origination fee, which means 100% of your approved loan amount is disbursed to you.
How fast can I get funded with PenFed Auto Loan?
PenFed Auto Loan typically funds loans within 1–2 days. Actual funding time may vary based on verification requirements and your bank.
Is PenFed Auto Loan worth it?
PenFed offers credit-union-level rates with a very low $500 minimum. Open to anyone who joins the credit union.
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Verified Apr 2026
PenFed Auto Loan