Do you have a pressing financial need? Is your credit score in need of a boost? Did the credit union where you applied for a personal loan deny your request? These are all problems, and if you’re in the active duty military, it may feel like you’re out of options given your busy schedule and mission-critical commitments.
Omni Financial specializes in active duty military loans, turning time-sensitive financial problems into long-lasting, customized solutions.
What is an active duty military loan?
For over 50 years, Omni Financial has proudly served those who currently serve in the United States armed forces with active duty military loans. Active duty military are similar to personal loans in terms of what you can use them for — just about anything — only they’re exclusively for military members who are in one of the five branches on a full-time basis. Whether you’re in the Army, Navy, Marines Corps, Coast Guard or Air Force, you’re eligible for an active duty military loan.
While we have personal loans designed for retired military personnel (20+ years), career-retired military are also free to submit an application if they’re in need of funds fast. If you’re approved, you may be surprised as to how quickly you’ll get your money.
What are some of the highlights of an active duty military loan?
If you’ve ever applied for a personal loan with another lender, such as a credit union, you may have been restricted in terms of what you could use the funds for. At Omni Financial, we don’t think that’s anyone’s business but your own, which is why you have free rein to use the personal loan wherever and however you see fit. We’re flexible that way.
We also offer wide ranging loan amounts. Unlike other lenders, who may have a high floor on how much you have to take out to be considered eligible, you can borrow as little as $500 with Omni Financial. But if your financial need requires more than that, we can accommodate up to $10,000. From $500 to $10,000 or any number in between, Omni Financial has your six.
Additionally, we aim for maximum flexibility with regard to repayment. We fully understand how difficult it can be to pay back a loan when you have other financial considerations on your plate. That’s why we’ll work with you as best as we can to set up a repayment schedule that works for everyone, most especially you.
How does the loan application process work?
From trust to empathy to convenience, there are a number of reasons why Omni Financial has maintained its status as a leader in military lending for over a half-century. Among the other superlatives applied to us over the years is simplicity, particularly as it pertains to applying for a personal loan.
It can be summed up in five steps:
1. Apply in person, over the phone or online
With 18 locations throughout the United States, Omni Financial likely has offices in your area, as we’re conveniently located near dozens of installations, including bases like Fort Benning, Fort Hood, Fort Bragg and Camp Pendleton. Feel free to drop in to apply. If you’d rather call us, our toll-free number is 1-877-OMNI-USA; we can call you too if you leave us your number. Or you can apply by our most popular method, which is online. Just follow the on-screen instructions, starting with creating a new account. Setting up an account makes the application process even faster if you ever need a personal loan again.
2. Upload an end of month LES or RAS statement
With a Leave and Earnings Statement (LES), our team can get a sense of how much money you earn on a monthly basis. If you go the online route, uploading your LES will provide us with the context we need to assess your financial situation and your ability to repay the loan. Alternatively, if you’re a veteran you can upload your Retiree Account (RAS). Be sure to bring this paperwork with you if you prefer to apply in person. You can trust that we’ll keep your sensitive information confidential and secure.
3. Our lending specialists will review and process all your information
Once we have the details related to your personal loan application, we’ll examine it thoroughly. If we need more information or have additional questions, we’ll be in touch.
4. Receive your loan decision within hours
Submitting your application takes minutes and the decision on approval isn’t much longer. We won’t leave you hanging; the Omni Financial team will reach out within hours of receipt to let you know the status of your application.
5. Funds will be deposited into your bank account
Assuming you’re approved, we’ll hustle to get you your money. How you receive the proceeds of the military loan is up to you, whether that’s by wiring the funds into your bank account via direct deposit, in-office pickup or by utilizing a prepaid debit card. The Money Network Card is accepted just about everywhere and has no activation fee or funding fee.
If you’ve applied for a personal loan and were denied or simply want a lender that’s better, turn to Omni Financial. You serve the country; it’s our privilege to serve you. Contact us today to learn more or to apply now.