Grace Enfield, Content Writer
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Your PenFed approval odds are good if you have a low debt-to-income ratio and meet PenFed’s requirements to get a loan. Some requirements include being at least 18 years old, having enough income to make monthly payments and having a credit score of 600+, according to multiple third party sources. If you meet all the requirements, your approval odds are high, but approval is never guaranteed.
What You Need for Good PenFed Approval Odds
- Credit Score Requirement: 600+, according to multiple third party sources
- Age: 18+
- Identification: SSN or ITIN
- Bank Account: Verifiable bank account
- Residency: All states as long as you are a member of the Pentagon Federal Credit Union
- Citizenship: U.S. citizen or permanent resident
- Income: Not disclosed
Before applying for any personal loan, it’s a good idea to check to see if you pre-qualify in order to estimate your approval odds. You can use WalletHub’s free pre-qualification tool to check with multiple lenders at once.
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