Penfed Loans Only For Military, Gov, Etc?

hl0m4n · 08-20-2010, 07:48 PM

is penfed loans such as auto, etc only for military, vets, etc or is available to everyone to apply? help much appreciated, thanks guys.

FStop7 · 08-20-2010, 08:04 PM

Anyone can join Penfed. If you don't qualify through the government/military you can join the national military family association and that will qualify you to join penfed.

be aware that penfed is really picky about loans, though.

stimpy · 08-21-2010, 02:42 PM

I've sent several coworkers/friends there to get auto loans - was an easy process with kick ass interest rates. They had no problems signing up although they had a good credit score.

lib · 08-21-2010, 03:51 PM

^ +1

I needed to join the association and open an account before obtaining a loan through Penfed but the entire process was ridiculously simple. Very quick, great rates and easy to work with in my experience.

08-20-2010, 07:48 PM	#1
hl0m4n Major General 2291 Rep 5,627 Posts Drives: BMW Join Date: Nov 2006 Location: NY iTrader: (58)	Penfed Loans Only For Military, Gov, Etc? is penfed loans such as auto, etc only for military, vets, etc or is available to everyone to apply? help much appreciated, thanks guys. __________________ Cars: 07 335i ► 08 328i ► 11 328xi ► 13 M3 ► 17 M4 ► 14 M6
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08-20-2010, 08:04 PM	#2
FStop7 I like cars 338 Rep 5,051 Posts Drives: M6 Join Date: Oct 2008 Location: Newbury Park, CA iTrader: (3)	Anyone can join Penfed. If you don't qualify through the government/military you can join the national military family association and that will qualify you to join penfed. be aware that penfed is really picky about loans, though.
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08-21-2010, 02:42 PM	#3
stimpy Colonel 180 Rep 2,210 Posts Drives: E92 335i Join Date: Feb 2008 Location: Phoenix AZ iTrader: (7)	I've sent several coworkers/friends there to get auto loans - was an easy process with kick ass interest rates. They had no problems signing up although they had a good credit score.
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08-21-2010, 03:51 PM	#4
lib Major 145 Rep 1,401 Posts Drives: <This space for rent> Join Date: Apr 2008 Location: ATX iTrader: (0)	^ +1 I needed to join the association and open an account before obtaining a loan through Penfed but the entire process was ridiculously simple. Very quick, great rates and easy to work with in my experience.
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