Bank or credit union · United States

PenFed Credit Union personal loan: what you repay on $10,000

At its lowest published APR of 6.09%, PenFed Credit Union costs $304.63 a month on $10,000 over 36 months, or $10,967 in total — $967 of interest.

The lender publishes a floor but not a ceiling, so the top of the range is not knowable from its page.

What does the lender publish?

PenFed Credit Union publishes the terms below on its own site; the wording of its rate disclosure is quoted further down.

Source: PenFed Credit Union rates page. checked 2026-08-25
Term	As published
Lowest published APR	6.09% with autopay; +0.25 without
Highest published APR	not published
Origination or arrangement fee	none, as published
Loan amounts	$600 to $50,000
Terms	up to 60 months
Early-repayment charge	none, as published
Late fee	If you do not make your monthly installment payment on time, you may incur late payment fees.
Rate check without a hard credit search	yes, as published

Highest published APR: not stated in the provider's published documentation (checked 2026-08-25).

Shortest term: not stated in the provider's published documentation (checked 2026-08-25).

Minimum credit score: not stated in the provider's published documentation (checked 2026-08-25).

States not served: not stated in the provider's published documentation (checked 2026-08-25).

Ownership: not stated in the provider's published documentation (checked 2026-08-25).

What does it come to at other amounts and terms?

Each row re-computes the loan at the lowest and highest published APR, with the lowest and highest published fee.

Computed from the published APR range and fee range. Best case is the lowest APR with the lowest fee; worst case the highest of each. “You sign for” is the loan amount needed for $10,000 to reach your account after the highest published fee is deducted; interest on the fee is inside the APR. checked 2026-08-25
Borrow	Over	You sign for (worst fee)	Monthly, best case	Total repayable, best case	Monthly, worst case	Total repayable, worst case
$5,000	36 months	$5,000	$152.31	$5,483	top of range not published	—
$5,000	60 months	$5,000	$96.87	$5,812	top of range not published	—
$10,000	36 months	$10,000	$304.63	$10,967	top of range not published	—
$10,000	60 months	$10,000	$193.75	$11,625	top of range not published	—
$20,000	36 months	$20,000	$609.25	$21,933	top of range not published	—
$20,000	60 months	$20,000	$387.49	$23,250	top of range not published	—
$35,000	36 months	$35,000	$1,066.20	$38,383	top of range not published	—
$35,000	60 months	$35,000	$678.11	$40,687	top of range not published	—

Scroll sideways on a phone.

How that is worked out

amount received = the amount you want in your account (10,000 on most pages) amount signed for = amount received / (1 - origination fee %) monthly rate = APR / 12 (United States) or (1 + APR)^(1/12) - 1 (United Kingdom) monthly payment = amount received x monthly rate / (1 - (1 + monthly rate)^(-months)) total repayable = monthly payment x months cost of credit = total repayable - amount received cost per 1,000 = cost of credit / (amount received / 1,000)

Nothing else is added. The APR already includes the origination fee by law in both markets, so the payment is worked out on the amount you actually receive, at the APR, over the term — which is exactly how the lender's own representative example is built. The fee shows up as the larger amount you sign for, and the interest on it is inside the APR. Late fees, optional insurance and early-settlement charges are not in any figure on this site, because they depend on what happens after you sign. Best case uses the lowest published APR and the lowest published fee; worst case the highest of each. The full method is at Method.

Is there an origination fee?

PenFed Credit Union states that it charges no origination or arrangement fee, so the amount you borrow is the amount that reaches you. checked 2026-08-25

The APR published by the lender already includes the origination fee, which is why the payment here is worked out on the amount you receive at the published APR, not on the larger amount you sign for at a lower interest rate. Both routes give the same payment; the lender's own example, where it publishes one, is the check.

What does the rate disclosure say?

Rates as low as 6.09% APR* with autopay. Terms up to 60 months. No origination fee, no early payoff fee, no balance transfer fee. Rates without autopay are 0.25% points higher.

Quoted from the lender's page. checked 2026-08-25

What we recorded when we read the page

The checker's notes for this row, kept as written so that you can see what was read, what was quoted and what could not be read. Wording in quotation marks is the lender's.

The rates page's APR figures are populated dynamically; the fetched HTML on 2026-08-25 contained only placeholder alt-text ("Personal Loan T1 Rate Range Low/High") instead of numeric values, so APR is treated as not_readable. Membership required (can be established during the application). Source: https://www.penfed.org/personal-loans 'Loan Payment Example: A $10,000 personal loan financed at 6.09% APR would amount to 24 monthly payments of approximately $445.46 each.' Maximum APR not shown on the page read. Read in the requester's Chrome (Claude in Chrome) on 2026-08-25.

Who owns it?

Who owns this lender is not stated on its own site, and we could not confirm it from a primary source. We have left it blank rather than repeat what other sites say.

Where this leaves you

If you will not set up autopay, the published rate does not apply: it is 0.25 percentage points higher.
Do not decide yet if you are choosing the term to get the payment down: the same $10,000 over 60 months is $193.75 a month instead of $304.63, but $11,625 in total instead of $10,967 — the term is the number you control.

Who this page is not for

This is not a review and it is not an offer. We have not borrowed from PenFed Credit Union, we hold no opinion on its service, and nothing here is a recommendation or advice. It answers one question: what the published range turns into as a monthly payment and a total, before you apply.

Sources

PenFed Credit Union rates page — every figure on this page. checked 2026-08-25
data.json — the row behind this page, with the source URL and check date on every figure.

Written by Kaz (pen name). Figures are copied from providers' published pricing pages on the dates shown. We have not used these products. Corrections: contact form.