Just Military Loans, Omni Financial, Pioneer Services, Bank of the West and Bank of America are companies that offer military member loans, according to the respective websites. Eligibility requirements, interest rates and loan terms vary among providers. For example, Just Military Loans offers short-term loans ranging from $1,000 to $10,000 to active-duty military personnel who have a minimum of nine months of service left.Continue Reading
Loan types vary as well, and may include loans for active-duty, retired and credit-challenged military personnel, as indicated on PioneerMilitaryLoans.com. Some companies may only offer loans to members of certain military branches. For example, Pioneer Services offers military loans to members of the Navy, Marines, Army, Coast Guard and Air Force, but not the National Guard.
Omni Financial offers loans to most active-duty military members, as well as career retired military members, as shown on the company's website, OmniMilitaryLoans.com. Loans are available from $500 to $10,000, and Omni Financial offers a 15-day guarantee.
Bank of America offers military loans for purchasing or refinancing a home and financing a car, details Bank of America. Home equity loans are also available for military personnel.
Bank of the West offers loans to members of all military branches, including the National Guard, as explained on the bank's website. Loans are available at Bank of the West in amounts from $1,000 to $5,000 with terms ranging from 12 to 36 months.Learn more about Credit & Lending