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> Best Military Loan Rates |
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Military loan
rates are notoriously hard to find, notably because the loan rates
are so high military loan companies will go to great lengths to
not reveal the rates. That's a problem we ran into in compiling
this list, however, it does provide some insight into finding the
best rates on military loans. Keep in mind, the advertised lowest
rates may not be the rate you get, owing to other factors that
loan companies use to determine individual rates, including credit
scores, etc. A DoD regulation has capped cash loans to military
personnel at 36% APR, however, some companies are finding creative
financing methods to circumvent this cap. |
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Pioneer
Military Loans:
Advertises "low rate personal loans as low as 9.95% APR."
(Recommended by this website.) |
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Military Financial:
Military Financial advertises a "revolving line of credit" which
they say is not subject to the 36% APR cap as noted above. |
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Omni
Military Loans: Omni has
stated they make loans from 9.95% to 34.95%. |
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Security Service Federal Credit Union:
Security Service Federal Credit Union (SSFCU) advertises "a
pre-approved loan up to $500 at a fixed rate of 3.99% APR that is
limited to one open military loan per member." |
