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USAA Personal Loan Review 2021 – Forbes Advisor


The best personal loans offer competitive rates, flexible loan amounts, and a wide range of terms. Here is how USAA personal loans compare to other popular lenders:

USAA vs. Navy Federal

Navy Federal, like USAA, is a personal lender that caters to veterans and military personnel. However, Navy Federal is offering more than double the maximum loan amount: $ 50,000 compared to the USAA’s $ 20,000.

To become a member of the Federal Navy, you must be a current or former member of the service or a family member, including minor children or grandchildren. You can also be an employee of the Ministry of Defense.

USAA vs. PenFed

PenFen is a credit union that offers personal loans up to $ 50,000. In addition, PenFed’s membership criteria are much easier to meet than those of the USAA. Although PenFed was originally created to serve the U.S. military and veterans, in addition to federal employees and retirees, it has extended its membership to non-military members. If you need a personal loan and don’t have military status, PenFed is a better choice than USAA.

Related: Review of PenFed Personal Loans

USAA vs. SoFi

SoFi is one of the best traditional personal loan lenders, offering loans of up to $ 100,000 – five times that of the USAA. If you need to borrow a large amount and you are ready to apply from a lender that is not aimed specifically at veterans or the military, a SoFi personal loan may be your best option.

Related: Review of SoFi Personal Loans