Credit score needed for usaa personal loan: USAA offers medium loans, flexible terms, and minimal fees to active and retired military members and their families.
USAA Personal Loans : Required to apply for a personal loan.
- Anyone serving in the U.S. Air Force, Army, Coast Guard, Marines, Navy, National Guard and Reserves.
- Former military members who have retired or been honorably discharged.
- Widows, widowers and former spouses (who have not remarried) of USAA members who joined USAA prior to or during the marriage, and children of members.
- Cadets and midshipmen at U.S. service academies, in advanced ROTC or on ROTC scholarship, and officer candidates within 24 months of commissioning.
Who can borrow PERSONAL LOAN from USAA.
- Are current or eligible USAA members.
- Have good credit (690 FICO or higher).
- Would like to add a co-signer.
- Want fast funding.
- Offers a small range of loan amounts.
- Allows changes to payment date.
- Funds loans the next business day.
- Does not offer direct payment to creditors for debt consolidation loans.
- Available in all 50 states and Washington, D.C.
Offers limited customer contact channels and hours.
Offers mobile app to manage loans.
Provides financial education
USAA offers a fully online process. Fast funding is common among lenders. Borrowers can add a co-signer to their application to help them qualify for the loan and potentially receive a lower rate.USAA offers a discount of 0.25% on its annual percentage rate to borrowers who set up automatic payments. This discount encourages borrowers to pay on time and can be as high as 0.50% for some lenders. USAA ALSO has a mobile app.
USAA does not publicly disclose any of its borrower requirements. Borrowers with good and excellent credit scores will likely qualify for the lowest rates.
Members can fill out an application on USAA’s website.
How It Works
- Apply Online-It only takes a few minutes to fill out the application.
- Learn Your Rate-If you’re approved, in most cases we’ll show your rate right away.
- Get Your Money-Once approved, receive funds in your USAA Bank account within 24 hours Monday through Friday.