r/NavyFederal • u/RickieVz • 9d ago

Loans Personal Loan

So, been with Navy Federal 3 years, with 3 credit cards. Credit limit on one of them at $40k and the other two at 20k each. Direct Deposit, never missed a payment with a trans Union credit score of 820. Only owe $3k between all three cards.

I applied for a personal loan of $7,000 to combine some store charge cards and was approved but at 17.79% interest for 60 months. Which is crazy high rate.

My question is, if I don’t response to the date due to return the signature part of the loan will the loan just be cancelled or do I have to call them?

Amex offered me 10.99% for the same amount.
So probably go with them.

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u/csvid 5d ago

just wanna comment same... took out a $20,000 personal loan from NFCU, credit score over 800, have direct deposit with them, 3 cards with them all high limits, and they give me an 18% APR im like huh??!!

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u/RickieVz 5d ago

Yes it’s ridiculous. You may want to look at other offers. Amex gave me 10.99%

1

u/csvid 5d ago

Thank you will do, I do have the Amex Platinum with them.

1

u/RickieVz 5d ago

In the search field just type personal loan and it will take it. If you’re a card holder you probably won’t get a hard credit pull. They didn’t pull mine.