[dropcap]T[/dropcap]here are a lot of reasons that people take out a loan. Of all the types of loans you can get, though, a personal loan is one that is likely to come with the least attractive terms, interest rates, and so on. They often have a lot more financial and eligibility requirements, and they are often a high-interest rate loan.
For military personnel, it can be difficult to transition from active duty service to civilian life. You may also simply come upon a rough patch. As an active or retired military personnel, you are likely aware of the many different programs, discounts, and rewards that are available for those who are currently serving or formerly served.
And it makes a lot of sense. Our service people put their lives on the line. They sacrifice time away from their family and put themselves in danger, all for the good of the citizens of our country. Some of them pay the ultimate price of their lives in the course of their service. It is for these and many other reasons that we have so much respect for and are forever grateful for our men and women in uniform.
These rewards and discounts, while not much, give public and private institutions a chance to give back to our men and women in uniform, giving little perks or savings as a way of continually thanking them for their valiant service.
There are special services and programs available for active duty and former military personnel for a whole host of different things, including financial services. There are banks and credit unions that have the express purpose of providing financial services and VA loans to active and former military personnel and their families.
So, it shouldn't come as too big of a shock that there are a few special programs for personal loans for active or former military personnel, allowing them to make the transition back to civilian life—or get them through that rough patch—a little bit easier to manage. Many of these loan programs offer more favorable terms than a traditional personal loan and may be extended to active duty or former military service people who have bad credit.
Pioneer Services, which is a division of MidCountry Bank, is just one financial institution that offers personal loans, especially for veterans. These loans are for use for any number of purposes, whether it is to help aid the transition from active duty life to civilian life, or if you need the funds to make your financial obligations for a few months.
Both active duty and retired veterans can qualify for a personal loan from Pioneer Services.[highlight color="green"] Even members of the National Guard and Reserves are eligible for loans via the veteran’s personal VA loan program. [/highlight]
With this personal loan, you simply fill out a simple application. You get results quick and Pioneer Services has a 15-day guarantee in case you change your mind about the loan. Veterans personal loans can be for amounts ranging from $500–10,000, so these loans can easily help you meet your obligations or transition back to family and home life.
Another option for a completely online military loan specifically designed for military veterans is the MilitaryFinancial.com personal loan. This is an incredibly convenient loan as you don't even have to leave your home to apply and qualify. In fact, the entire loan application is paperless, meaning all aspects of the application process are handled online.
With a personal loan from MilitaryFinancial.com, you can receive funds in your bank account in as little as two business days, making this an excellent alternative to a payday loan. A personal loan like this has far more favorable terms, far less prohibitive interest rates and fees, and more.
In order to qualify for a veteran’s loan from this lender, you must have served at least 181 consecutive days in peacetime or 90 days during wartime. If you are in the Reserves or National Guard, you must have served at least six years in service. Spouses of service members who died in the course of the military service are also eligible for a veteran’s military loan through this lender.
This personal loan comes with flexible repayment options and much lower interest rates than with a traditional personal loan.
For veterans who are looking for a personal loan, but that have bad credit, Omni Financial is an excellent choice. They have been providing loans for military service members for some 45 years, with a time-honored history of providing excellent terms and service to military personnel and their family.
Loans can be helpful for any number of reasons from allowing you to make a large purchase, get by for a few months, the transition from military to civilian life, or even to help boost your credit rating. An outstanding loan that is in good financial standing is an excellent way to help rebuild or build your credit.
At Omni Financial, they look at each application individually, meaning that you are not necessarily going to be rejected outright if you have bad or even no credit history. There are tons of locations for Omni Financial lenders across the country and you can pick up your loan payment in person or have it directly deposited into your bank account.
To ensure that you make the smartest financial decisions, Omni Financial has a 15-day guarantee, where you have the option to return the loan within 15 days, nullifying the loan without any hassle.
If you are an active member of the armed forces, a veteran, or the spouse of a service member who died in the course of their service, you may be eligible for a veteran-specific personal loan. Personal loans are small loans that are designed to be used for any number of reasons from making a large purchase to simply paying off debts or bills. With traditional lenders, the terms and interest rates of these loans are often rather prohibitive, especially to a service member who has bad credit. A veteran or military-specific personal loan is one that is only available for military personnel and their families and provides much-needed cash for whatever you need, at far better rates and terms than with a traditional personal loan.