Loans For Military | Top 10 Best Loans For Armed Forces - CreditRaters.com page
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  • Loan Amount
    $1000 - $10000
  • Loan Term
    60 Months
  • APR Range
    34% - 155%
Net Credit
  • Personal Loans $1,000 - $10,000
  • Line of Credit up to $3,500
  • 14 States Covered
  • Loan Amount
    $1000 - $5000
  • Loan Term
    48 Months
  • APR Range
    29% – 299%
Loan Now
  • Lightning fast online applications
  • Funds typically deposited within 24 hours of acceptance
  • Repay the balance over multiple months to reduce each repayment
  • Loan Amount
    $100 - $1000
  • Loan Term
    30 Months
  • APR Range
    26.88% - 1303.57%
Amount $200, Finance Charge $35.20, APR: 229.43%, Repayment $235.20 on 30 days Lend Up
  • Loans available within 1 business day of acceptance
  • Multiple repayment options including debit card, MoneyGram and check
  • Clear your outstanding balance early without early repayment charges
  • Loan Amount
    $300 - $750
  • Loan Term
    6 Months
  • APR Range
    190%
Loan Amount $400, 120 days. Total of payments $569.88, APR 190%. Fig Loans
  • 9.7 TrustPilot Score
  • Instalment loans and credit lines
  • Fast acceptance rate
  • Loan Amount
    $100 - $1500
  • Loan Term
    12 Months
  • APR Range
    390%
Check Into Cash
  • Providing short term loans for more than 25 years
  • Excellent selection of short term loans
  • Outstanding customer service
  • Loan Amount
    $100 - $1000
  • Loan Term
    6 Months
  • APR Range
    618%
A $500 loan over a period of 182 days with 13 bi-weekly payments (every 14 days) would have a payment of $89.24 with an APR of 387.92%. Check City
  • Online and in store loans available
  • Payday loans from 1 – 40 days
  • Loans paid within 24 hours of acceptance
  • Loan Amount
    $1 - $2400
  • Loan Term
    35 Months
  • APR Range
    90% - 805%
Cash Net USA
  • Multiple products to choose from
  • Quick and easy online application
  • Instant decision and same day cash transfer available
  • Loan Amount
    $100 - $500
  • Loan Term
    24 Months
  • APR Range
    150% - 450%
24-month installment loan of $2,501 would require 24 monthly installments of $400.39 per month, which totals $9,609.36 when all is said and done. Cash Central
  • Competitively priced against similar short term loans
  • Confidential online service
  • Get a decision in seconds and funds in minutes (if accepted by 7.45pm EST Mon - Thur)
  • Loan Amount
    $100 - $2500
  • Loan Term
    9 Months
  • APR Range
    471% - 841%
Blue Trust Loans
  • A higher maximum borrowing limit of up to $2,500
  • Longer repayment periods of up to 10 months
  • Reduced fees of up to $16.00 per $100 borrowed
  • Loan Amount
    $200 - $1500
  • Loan Term
    18 Months
  • APR Range
    35% - 600%
Repay $1,000 over 13 bi-weekly payments at an APR of 344.85%, this would be made up of 12 payments of $175.95 and a final one off repayment of $175.08 upon completion. Big Picture Loans
  • Tribal status means they're able to offer their own lending terms without state restrictions
  • 91% of accepted applications paid within 24 hours
  • Customer service team available 24/7
  • Loan Amount
    $500 - $5000
  • Loan Term
    36 Months
  • APR Range
    187% - 412%
Borrow $2,000 for 12 months with a 19.9% representative APR and a monthly repayment of $183.63. Total repayment will be $2,203.56 Bad Credit Loans
  • Able to assist borrowers from all credit backgrounds
  • Loans are unsecured meaning none of your assets are at risk
  • Accepted loans typically deposited within 24 hours
  • Loan Amount
    $50 - $4000
  • Loan Term
    18 Months
  • APR Range
    400% - 521%
AmeriCash
  • Excellent customer service track record
  • Lightning fast online application
  • High acceptance rates
  • Loan Amount
    $100 - $5000
  • Loan Term
    12 Months
  • APR Range
    143% - 688%
Advance America
  • Lightning quick deposits
  • High acceptance rates
  • Broad range of lending products
  • Loan Amount
    $100 - $1500
  • Loan Term
    30 Months
  • APR Range
    214.62% - 611%
Ace Cash Express
  • More than 50 years of experience providing short term loans
  • Wide range of lending products available
  • Excellent customer service record
  • Loan Amount
    $2600 - $100000
  • Loan Term
    180 Months
  • APR Range
    13.33%
The Loan Exchange
  • Complete an application for free! Applying does not impact your credit score!
  • Select the offer that works best for you and save your offers for up to 30 days!
  • Your funds will be deposited right into your account in as little as one business day!
  • Loan Amount
    $500 - $5000
  • Loan Term
    18 Months
  • APR Range
    59% - 160%
Loan Amount $2000, 9 monthly payments of $395,58. Total of payments $3,560.22, APR 160%. OppLoans
  • Get approved today with an easy online loan application!
  • Once approved, receive money in your account as soon as the next business day!
  • Payday loans average an APR of 400%. Compare to maximum 199% APR offered through OppLoans!
  • Loan Amount
    $400 - $50000
  • Loan Term
    24 Months
  • APR Range
    521.43% - 1173.21%
Representative Example: If you borrow $5,000 on a 36 month repayment term and at a 10% APR, the monthly repayment will be $161.34. Total repayment will be $5,808.24. Total interest paid will be $808.24. Honest Loans
  • Submit to borrow up to $50,000!
  • Works with wide range of lenders!
  • Friendly and fast loan broker!
  • Loan Amount
    $100 - $5000
  • Loan Term
    6 Months
  • APR Range
    18.23%
Representative Example: If you borrowed $5,000 over a 48 month period and the loan had a 8% arrangement fee ($400), your monthly repayments would be $131.67, with a total pay back amount of $6320.12 which including the 8% fee paid from the loan amount, would have a total cost of $1720.12. Representative 18.23% APR. Credit Clock
  • Same day credit available!
  • Lends to most states in America!
  • Repay your loan early anytime!
  • Loan Amount
    $100 - $5000
  • Loan Term
    12 Months
  • APR Range
    18.23%
Representative Example: If you borrowed $5,000 over a 48 month period and the loan had a 8% arrangement fee ($400), your monthly repayments would be $131.67, with a total pay back amount of $6320.12 which including the 8% fee paid from the loan amount, would have a total cost of $1720.12. Representative 18.23% APR. Money Lender Squad
  • New 2019 American loan broker!
  • Access over 30 lenders in 1 application!
  • Low APR rates and cheap monthly installments!
  • Loan Amount
    $100 - $5000
  • Loan Term
    12 Months
  • APR Range
    18.23%
Representative Example: If you borrowed $5,000 over a 48 month period and the loan had a 8% arrangement fee ($400), your monthly repayments would be $131.67, with a total pay back amount of $6320.12 which including the 8% fee paid from the loan amount, would have a total cost of $1720.12. Representative 18.23% APR. Viva PaydayLoans
  • No previous credit history required!
  • Same day funding as quick as 10 minutes!
  • All employment types considered, even military!

Traditionally, loans for active military personnel used to be difficult to apply for with stringent measures in place to help staff avoid getting into debt whilst on duty.

The reality is that just because you’re involved with the military, you won’t be shielded from life’s unforeseen financial emergencies.

Whether you’re currently serving in the American armed forces, are a veteran, or are even the partner of someone on active duty, there are countless reasons why you may need short term funding to help you through a cash crisis.

Today, things are very different. There are now hundreds of specialist military loans available, many of which can be applied for online in minutes.

Read on to learn more about the most popular loans for military personnel and how you can apply today.

How Do Military Loans Work?

You guessed it – military loans are specifically designed for those employed or associated with the American armed forces. They cover the length and breadth of the defense spectrum including, but not limited to:

Loans for military staff share many commonalities with traditional loans in that you’ll be able to choose a lump sum you’d like to borrow and the term over which you’d like to repay it. This could be in a few weeks on your next payday or over the longer term to reduce repayments.

Either way, military loans are subject to their own unique laws thanks to the Military Lending Act which caps interest rates and protects personnel from high interest debt. There are also laws in place to defend against excessive fees and charges, helping our servicemen to borrow safely and responsibly.

What Loans For Military Staff Are Available?

As part of the military protections in place for short term lending, you won’t be able to set up a traditional payday loan. Instead, instalment loans for military are the most common loan type used to cover short term borrowing.

Instalment loans work by offering credit over longer repayment periods which tend to come with lower interest rates and lower monthly repayments attached when compared to payday loans.

You’ll have the freedom to choose a comfortable repayment period that fits in with your monthly budget. The amount you’ll be able to borrow will depend on your income and creditworthiness, although some lenders are able to offer instalment loans for military of up to $5,000.

What Can Military Loans Be Used For?

There are a myriad of reasons why you may need to take on short term credit whilst serving in the American military. Some of the most common applications for these loans include:

Don’t see the reason for your loan here? The good news is that once you’ve been approved for your loan you’ll be free to spend the funds any way you choose.

Am I Eligible For Military Loans?

Each military lender uses their own in house eligibility requirements, in line with state and federal law, to determine whether you’ll be accepted for a loan.

Some of the most important factors used when building up a picture of your eligibility can include:

You’ll also need to make sure that you’ve got a checking account set up to receive your funds as well as being able to provide documents verifying your identity and military status.

My Credit Score Isn’t Great. Can I Still Apply For Military Loans?

Yes! Just because you’ve had issues with credit in the past doesn’t mean that you can’t successfully apply for military loans today.

Specialist military lenders understand the unique financial and residential circumstances faced by those in the armed forces, helping them to say yes where other lenders have been unable to offer credit.

How Can I Apply For Military Loans?

Those in the military need to take extra care when applying for loans due to the restrictions and limits in place that we’ve already covered. Not only are rejected applications time consuming, being declined for credit can leave a negative imprint on your credit history.

The first step is to get a personalised comparison online so you can start to discover lenders best suited to short term loans for military. You’ll be able to quickly and easily compare eligibility requirements, interest rates and loan amounts from some of the country’s most reputable military lenders, helping you to find a rate that meets your needs and budget.

It’s then down to you to complete the final steps of the application with your chosen lender by letting them know more about you, your income and the loan you need. If accepted, funds can often be transferred straight into your checking account within 24 hours.