USAA members can apply for a personal loan ranging from $2,500 to $100,000. The company offers flexible loan terms and has no application or early repayment fees. USAA products are only available to members. Members must be active duty military, guard, reserves, veterans, cadets, midshipmen or a qualified family member.

At a Glance: USAA Personal Loans

  • USAA

    • 7.24% to 17.15%APR Range
    • NoneMinimum Credit Score
    • $2,500 to $20,000Loan Amount Range
    • 12 to 84 monthsRepayment Terms
    • Next DayTime to Receive Funds

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MoneyGeek Breakdown - USAA Personal Loan Details and Requirements


The annual percentage rate for USAA’s personal loan goes up to 17.15%

Credit Score Requirements

USAA does not disclose the minimum credit score requirement for its personal loans.

Income Requirements

USAA does not publish the minimum income requirements for its personal loans.

Loan Amounts

Borrowers can take out a personal loan amount from $2,500–$20,000.

Loan Terms

There are seven loan terms for USAA personal loans. However, availability depends on the loan amount.

  • $2,500 or greater –12, 24 and 36 months
  • $5,000 or greater – 48 months
  • $10,000 or greater – 60 months
  • $15,000 or greater – 72 months
  • $20,000 or greater – 84 months

Permitted Uses

Borrowers can use USAA personal loans for bills payment, home remodeling or repair and emergency expenses.

Prohibited Uses

You cannot use USAA personal loans to finance higher education expenses.

Time to Receive Funds

Typically, approved borrowers receive funds 24 hours after the loan closing.

Origination Fees

USAA does not charge origination fees. The application for a personal loan is free.

Late Fees

USAA’s website does not disclose its late fee policy.

Prepayment Penalty Fees

USAA does not charge prepayment penalty fees.

Co-signers and Co-applicants

There is no information on the USAA website regarding co-signers and co-applicants.


You can get a 0.25% deduction from your APR for choosing auto payment.

Mobile Application

USAA has a mobile application that allows users to access various USAA products and manage their accounts.

Is USAA Right for You?
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When looking for a lender, it is important to consider the different criteria and requirements. Consider your circumstances and needs to determine whether a USAA personal loan is for you.

Who USAA Is Perfect For

MoneyGeek’s USAA personal loan review found that the lender is best for active-duty military, veterans and eligible family members in need of immediate access to funds. The online application process can be completed in a few minutes. The company typically sends the funds to approved borrowers within 24 hours.

Having a mobile application makes the company ideal for borrowers who want easy access to services. You can manage your account and complete transactions anywhere and anytime.

Who Should Not Choose USAA

While USAA offers high loan amounts and flexible repayment terms, it is not the best option for some borrowers. The company only caters to military members and their eligible family members. Non-military individuals cannot apply for a personal loan from USAA.

Individuals looking for a personal loan to fund their higher education should not choose USAA. The company does not allow borrowers to use the funds for this purpose.

If you want longer repayment terms but only need a small amount, USAA may not be the right option for you. The company only offers longer terms to higher loan amounts.

How to Apply for a USAA Personal Loan



USAA personal loans are only available to members. That means you need to apply for membership first before you can apply for a personal loan. Membership is free. You only need to create an account.

That said, USAA membership is exclusive to individuals with a military background. These include the following:

  • Active duty, guard or reserve
  • Veterans
  • Eligible family members, which includes children, current spouses, widows, widowers and un-remarried former spouses of USAA members
  • Cadets and midshipmen

Fill Out Application Form

After becoming a USAA member, you can proceed with a personal loan application. You can complete the process online. You only need to log in to your account and fill out the form.


Wait for Approval

Once you submit the form, your application will be under review. If your loan application is approved, you will receive the rate and agreement from USAA.


Review Loan Agreement

The loan agreement includes the rates and terms for your personal loan. Make sure you review all details and take note of all fees.


Sign Loan Agreement

If you think that the loan package and rates are suitable, you can sign the agreement. Send the signed document back to USAA.


Receive or Direct Funds

Borrowers receive the loan amount directly in their USAA Bank accounts. This typically takes 24 hours after the loan closing.


Make Payments

Depending on the loan amount and repayment term, you may have to make repayments for 12, 24, 36, 48, 60, 72 or 84 months. You can also choose to make automatic payments, which can lower your APR.

What to Do if You Are Rejected From USAA

There are various reasons why a loan application is denied. In most cases, it is because of a low credit score, not enough income or not enough credit history. That is why it is best to find out the specific qualification requirements of a lender before proceeding with an application.

If USAA rejects your loan application, the first thing you need to do is to contact the lender. Ask them the specific reason why you did not pass their loan review. Clarify whether there is a way to modify your application to make it acceptable to them.

Despite being rejected in the past, you may still apply for a personal loan in the future. That said, it is best not to apply until you improve the factor that caused your application to be rejected in the first place.

While it is possible to apply for a personal loan from a different lender, you should avoid doing this unless it is necessary. That is because loan applications may affect your credit score.

Frequently Asked Questions About Personal Loans

MoneyGeek answers some of the frequently asked questions about USAA personal loans to provide more information you can use to decide whether USAA is the right lender for you or not.


The content on this page is accurate as of the posting/last updated date; however, some of the rates mentioned may have changed. We recommend visiting the lender's website for the most up-to-date information available.

Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, lender or other entity. Learn more about our editorial policies and expert editorial team.