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How to apply for navy federal loan

Navy federal loan offers its members a flexible loan product with multiple loan amounts and repayment terms to choose from, plus 24/7 customer support.

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.

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Things you need to Apply for Navy Federal loans

The documents or details required from you before you can apply for a navy Federal loan depend on the type of loan you want, which are Auto loan, Credit card, mortgage, personal, and student loan. Below are a few things you will need to know to apply for any loan

navy federal loan

  • Must be Navy Federal member
  • How much do you want to borrow for your loan
  • How long cloudlike to finance your loan
  • Current employment and income (including your eemployer’sname and contact information)
  • Your contact information, including phone number and email (If you yyou’dlike your loan documents sent to an address other than your address of record or a Navy Federal branch, please call 1-888-842-6328.)

Application Process for Navy Federal loans

You can apply online, by phone, or in-person for a Navy Federal loan. You will need to be a member of Navy Federal to use. Once you begin the application process, you will need to tell them how much you want to borrow and how long you would like to repay the loan. You’ll alYou’lld to provide your current employment information and annual income, contact and personal information, and your Social Security Number.

Application Process                                              Online, by phone, or in person.

Time to Get Funds                                            3+ days

Credit Check                                                         Hard credit check when you apply

Credit Reporting                                                   Yes

Cosigners/Co-borrowers Allowed?                      Yes

Navy Federal allows you to apply with a cosigner who is also a member. If you choose this route, your cosigner will need to provide their date of birth, address, phone number, email, annual income, employer’s employer’s, Social Security Number, and NFCU access number. In most cosigning situations, the lender will use the higher credit score of your cosigner to determine the loan rate.

How to access business loan without collateral

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Pros & Cons


No origination fee.

Offers a wide range of loan amounts and repayment terms.

Able to fund loans same-day

Offers cosign joint and secure loan options.


Exclusive to credit union members

No option to pre-qualify.

No rate discount for autopay

No option to change your payment date.

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Term availability: Repayment terms range from one to five years for most loans, but borrowers funding a home improvement project have more choices. With a $25,000 minimum loan amount, you could qualify for a term from five to seven years, and with a $30,000 minimum, you could be eligible for a period up to 15 years.

Why Choose Navy Federal

Low Rates

Personal loan rates are competitively low, so your payments can be affordable.

Digital Account Management

Their simple online application and digital banking* options make it easy to manage your loan.

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