Need more money in your pocket to manage your day to day expenses?
Lower your monthly loan payments with Omni PAL.
$160
Consolidate what you owe into one affordable payment to fit your budget.
Address near term financial challenges with additional funds in hand.
Simplify managing your finances with one monthly bill.
Move away from never ending bills and create a path to financial wellness.
Apply online or at a branch.
Get a decision promptly.
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We provide a personalized offer to consolidate your loans and receive additional cash in hand.
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Omni takes care of the paperwork. We print and mail checks directly to your lenders.
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Juggling several due dates and bills gets heavy fast. A Payment Affordability Loan (PAL) can roll your debts into one simple monthly payment, so more of your paycheck goes toward the things that matter.
~$1,050 / month
~$640 / month
After our PCS move and a car repair, I was paying four different bills. Every payday I was moving money around just to cover them all, and it felt like my paycheck was gone before I ever saw it.
With an Omni PAL, I have just one payment and one due date—and more flexibility in my budget. I was able to give my daughter the birthday party she’d dreamed of. It wasn’t just about the money; it was about not having to worry about it every single day.”
Illustrative example only. An $9,800 loan at an annual percentage rate (APR) of 19.99% requires 18 monthly payments of $640. Of the loan proceeds, $7,500 is paid directly to eligible creditors and $1,300 is disbursed to the borrower. Actual approval, proceeds, APR, and payments vary. A lower monthly payment does not necessarily mean a lower total borrowing cost. Extending repayment may increase the total interest paid. Marcus is not a real customer, and his quotes are fictional.
An Omni PAL is an installment loan that uses part of your loan proceeds to pay eligible existing debts directly to your creditors. You then repay Omni through one monthly loan payment. Debts that are not paid off remain your responsibility. Depending on your approval, you may also get extra cash in hand.
An Omni PAL directs loan proceeds to eligible creditors. Any remaining proceeds available to you are disbursed as shown in your loan documents. Direct payment to certain creditors may be a condition of approval.
You can consolidate eligible unsecured debts, such as credit cards and personal installment loans, subject to Omni’s review. Mortgages, auto loans and other secured debts, child support, judgements, tax debts, and medical debts are not eligible.
There is no fixed limit on the number of eligible debts you can consolidate. The debts and payment amounts must meet program requirements and fit within your approved loan amount.
Omni PAL is available to applicants who meet Omni’s eligibility and underwriting requirements in states where Omni PAL is offered. Availability and loan terms vary by state.
You do not need perfect credit to apply. We consider factors such as your credit history, income, existing debts, and ability to repay. Applying does not guarantee approval.
Eligibility may depend on your location, state of residence, and ability to complete the application and closing requirements.
Omni PAL amounts range from $500 to $10,000, Subject to state availability, underwriting, and program requirements. The amount approved may differ from the amount requested.
Rates depend on your credit qualifications,l, loan amount, and state. Under the Military Lending Act, the Military Annual Percentage Rate (MAPR) on loans to covered borrowers can’t exceed 36% APR. Your annual percentage rate (APR), finance charge, payment schedule, and other required disclosures will be provided before you sign. MAPR and APR are different measures of borrowing cost.
Your payment may go down because your new loan may have a lower rate, a longer repayment term, or both. . A longer repayment term may reduce your monthly payment while increasing the total interest you pay. A lower payment or interest rate is not guaranteed. Your loan documents show your total cost so you can compare it with what you pay now. Include any extra cash you borrow and any debts that remain unpaid when making your comparison.
There’s no penalty for paying off your loan early. Any applicable fees will be disclosed before you sign.
Available repayment terms depend on your approved loan and state requirements. Your offer will show your term, payment amount, and scheduled final payment date.
You provide the creditor information and payoff documentation needed for the debts being repaid. After closing, Omni sends checks directly to the approved creditors using the information you provide. Any remaining proceeds available to you are disbursed as shown in your loan documents. You are responsible for providing accurate numbers, payment addresses, and payoff information.
Sending a payment does not mean your creditor has received or applied it. Mail and lender processing times vary. Continue making required payments until each creditor confirms the payment has been applied and any remaining balance has been resolved.
Yes. Keep making your scheduled payments until each lender confirms your account is paid in full. This helps protect your credit from late payments.
Check with each creditor directly to confirm that it received and applied the payment and whether any balance remains. Contact Omni if a creditor reports that it has not received the payment. Paying off a credit card balance does not automatically close the account.
Payoff amounts can change because of interest accruing or recent payments. You remain responsible for any balance left after the creditor applies Omni’s payment. If the payment creates an overpayment, contact the creditor directly about any credit or refund.
Yes, subject to credit underwriting qualifications.
No, Omni PA is a loan, not a debt settlement, debt management, or financial advisory service. Omni sends payments to approved creditors as part of your loan disbursement; it does not negotiate reductions in what you owe or act as your financial advisor.
Apply online or contact an Omni branch. You will need an acceptable government-issued photo ID, income documentation, and statements or payoff information for the debts you want to consolidate. Do not upload or submit copies of a military ID or Common Access Card (CAC).
Decision times vary based on verification requirements and whether we have all the information needed to review your application.
If your approved loan includes funds payable to you, availability depends on completion of closing, the disbursement method, and processing ties. Omni will explain the available disbursement options before closing.
Have recent statements or payoff letters for each debt you want to consolidate. These show the lender name, account number, and payoff amount and payment address. Also have an acceptable government-issued photo ID and recent income documentation, such as a Leave and Earnings Statement (LES), retiree account statement, or pay stubs, as applicable. Additional documentation may be requested.
For covered borrowers, the MLA caps the MAPR at 36%. It also bans prepayment penalties and mandatory arbitration, and it doesn’t allow lenders to require a military allotment as a condition of the loan. Covered borrowers generally include eligible active-duty servicemembers and their covered dependants, Omni provides the required MLA disclosures to covered borrowers.
Omni does not routinely notify your chain of command when you apply for or receive a loan. Information may be disclosed as required or permitted by law and as described in our Privacy Notice.
Free help is available through your installation’s Personal Financial Manager, Military OneSource, and your branch’s relief society.
Omni will explain the payment methods available for your loan. Automatic electronic payments and military allotments are optional and are not required to obtain a loan.
Contact us at 1-877-OMNI-USA as soon as possible. We’ll work with you on options.
The effect on your credit will depend on your circumstances. Applying for and opening a new loan may affect your credit score. Making on-time payments and reducing credit card balances may help over time, while missed payments or taking on additional debt may hurt your credit. Omni does not guarantee an improvement in your credit score.
