Does Navy Federal Credit Union offer medical loans?

Yes, Navy Federal Credit Union will verify your income when you apply for a personal loan. If you do not have any income, you can apply for a Navy Federal Credit Union personal loan with a co-signer, and Navy Federal Credit Union will verify that person's income instead.

Navy Federal Credit Union may verify income by requesting financial information like pay stubs, bank statements, or W-2 forms. In other cases, they'll just use credit report information. Either way, you will also have to meet other Navy Federal Credit Union requirements to be considered for loan approval.... read full answer

Navy Federal Credit Union Personal Loan Requirements

• Be at least 18 years old
• Be a US citizen or permanent resident, or immigration visa holder
• Have a Social Security number or ITIN
• Must be a Navy Federal Credit Union member

You have a good chance of getting approved for a loan from Navy Federal Credit Union if you meet all of these requirements.

If you want a better idea of what other personal loans you may qualify for with your income, you can use WalletHub's free pre-qualification tool.

Navy Federal Credit Union does not disclose a specific credit score needed to get a personal loan, unlike many personal loan providers. Although there isn't a specified Navy Federal Credit Union credit score requirement, Navy Federal Credit Union will consider people who have bad credit, according to customer service. Most other lenders' credit score requirements for personal loans range between 585 and 700.... read full answer

Keep in mind that Navy Federal Credit Union will look at more than just your credit score when evaluating your application for a personal loan. Navy Federal Credit Union will consider your entire financial profile, including things like your income, existing debts and recent credit inquiries, when deciding whether to approve you.

If you're unsure of what your current credit score is, you can check it for free on WalletHub.

To apply for a Navy Federal Credit Union personal loan, first decide which way you will apply (online, by phone or in person), then enter your personal and financial information on the application. Next, verify the accuracy of the information, submit the application and wait to receive a decision.

How to Apply for a Navy Federal Credit Union Personal Loan... read full answer

1. Decide which way to apply. You can apply for a Navy Federal Credit Union personal loan online, by phone or in person. Applying online is the best way because it typically offers the fastest decision.
2. Enter your personal information on the application. Navy Federal Credit Union requires the following personal information on the application: full name, driver’s license or government ID, current home address, email address, phone number, date of birth and Social Security number.
3. Enter your financial information on the application. Navy Federal Credit Union requires the following financial information on the application: your current employment and income, employer’s name and contact information, and NFCU Access Number.
4. Double check the application for accuracy. To ensure that your Navy Federal Credit Union personal loan application gets processed as quickly as possible, make sure that all the information is correct and complete before you submit it.
5. Submit your application. Navy Federal Credit Union will typically provide a decision on your application within 3 to 11 business days.

If you are approved for a Navy Federal Credit Union personal loan, you will generally receive the funds within 1 to 3 business days after approval. After that, it’s your responsibility to make monthly payments until you have fully paid back your loan, including interest.