USAA Personal Loans Review 2022 – Forbes Advisor

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

USAA vs. Federal Navy

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

To become a member of the Navy Federal, you must be a current or former service member or family member, including minor children or grandchildren. They can also be employees of the Department of Defense.

USAA vs PenFed

PenFen is a credit union that offers personal loans up to $50,000. Also, PenFed’s membership criteria are much easier to achieve than USAA’s. Although PenFed was originally founded to serve US service members and veterans in addition to federal employees and retirees, it has expanded its membership to include 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 top traditional personal loan lenders, offering loan amounts up to $100,000 – five times that of USAA. If you need to borrow a large sum and are willing to apply to a lender that doesn’t specifically cater to veterans or military personnel, a SoFi personal loan may be your best option.

Related: Review of SoFi Personal Loans

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