Military Loans for Active Duty & Career Retired
Are you or have you been involved in the United States military? Do you need a loan? Whether you are currently in active duty with the military or a retired veteran of war, the good news is that there are many different military loans that you could qualify for.
Military loans (also referred to as personal military loans, military cash loans or personal loans) are meant strictly for military personnel, and are specifically (and exclusively) geared toward the financial needs and goals of military members—both active and retired.
Army loans, Navy loans, Air Force loans, VA loans are all viable alternatives to traditional payday loans for military personnel. These loans are available to both men and women who serve in the Army, Navy, Air Force, Marines and Coast Guard. In addition, military loans are available for 20-year, career-retired military veterans. Further, current DOD workers over Grade 6 are also often eligible to apply for certain military loans.
Application is easy, and there are many different military lending sites and military lenders online that offer simple, straightforward and convenient online application forms. You could be approved for up to $10,000 in less than 24 hours!
Of course, several qualifications and even restrictions are involved with military lending. For example, you will need to provide proof of your rank and grade, of your military ID and sometimes LES, as well as a stable and high enough income, and acceptable credit. There are also generally terms and conditions for married, separated and divorced members. But most military personnel are approved and accepted to use the loan for whatever they need it for!
Some military personnel require mortgages with low interest rates, and military lenders can help with that. VA (Veteran Affairs) loans, for example, are mortgage loans meant for retired veterans. VA loans are generally given without any down payment or collateral necessary, and often carry significantly lower interest rates than other conventional loans.
Other possible reasons for officers, soldiers, sailors and veterans to opt for military lending include car loans, car and home repairs, medical bills and other unexpected bills and expenses, debt consolidation, education or other career-training advancement opportunities, vacation, and more.
No matter what sector of the military you are involved in, and whether you are in current active duty or you’ve been retired for 30 years, you will be able to find a military loan that suits your preferences, needs and goals.
Comment from Larry Purcell (retired)
Time May 7, 2010 at 6:21 pm
I was wondering if I can get a VA Loan to purchace a house. If so, I can use my full retirement pay (which is 1200 a month) to pay back. 205-790-8105 is my number; please feel free to call anytime. Thank you in advance.
Larry Purcell, Staff Sergeant retired.