# PenFed Has Stopped Accepting Payment Saver Auto Loan Applications

**URL:** <https://forum.leasehackr.com/t/penfed-has-stopped-accepting-payment-saver-auto-loan-applications/398436>\
**Category:** Off-Ramp\
**Created:** [December 5, 2021, 5:02pm UTC](https://forum.leasehackr.com/t/penfed-has-stopped-accepting-payment-saver-auto-loan-applications/398436 "2021-12-05T17:02:52Z")\
**Posts on this page:** 1\
**Showing post:** 40

<div class="post-metadata">

**Author:** ![z0lt3c](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/z0lt3c/32/240006_2.png) [@z0lt3c](https://forum.leasehackr.com/u/z0lt3c)\
**Post date:** [February 14, 2022, 11:35pm UTC](https://forum.leasehackr.com/t/penfed-has-stopped-accepting-payment-saver-auto-loan-applications/398436/40 "2022-02-14T23:35:14Z")

</div>

Latest BALLON LOAN options (best to worst):

**CapEd Credit Union** ([https://capedcu.com/](https://capedcu.com/))  
They offer a payment saver loan option (via AFG) at a 3.84% rate. Membership to the CU is possible via a $20 donation to CapEd Foundation. Also offers a 2.14% rate for 96 months, so one application gives you both options. Uses transunion credit for initial score

**Hanscom Federal Credit Union** ([https://hfcu.org/](https://hfcu.org/))  
Better then a lease loan offering is backed by AFG at a 3.74% rate. Membership to the CU is possible via a $35 donation to Nashua River Watershed Association. Uses transunion credit for score.

**AmeriCU Credit Union** ([https://americu.org/](https://americu.org/))  
Membership via $15 one-time donation to American Consumer Council. Uses experian for credit score. Payment came back very high, not sure what rates/fees they used.

**Teachers Federal Credit Union** ([https://teachersfcu.org/](https://teachersfcu.org/))  
Open membership, anyone can join. Paysaver rates not posted, but you can apply for paysaver loan via the website. Uses transunion credit for score. Came back with a rate over 5%

Regional options (not-open-membership) to consider:  
SEFCU (NY),  
MountainCrest FCU (WA),  
Vermont FCU (VT),  
Frankenmuth CU (MI)

Lowest available BALLON LOAN rate found was 2.49% but I did not qualify. Note that fees charged between providers can vary. At minimum, expect a $725 origination fee for vehicles over $75K. In one case, I was quoted $1500 for origination. Expect a hard pull immediately after submitting your application online.

---

_[View the full topic](https://forum.leasehackr.com/t/penfed-has-stopped-accepting-payment-saver-auto-loan-applications/398436)._