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Military Personal Loans and Other Financial Help Options

Credit card debt. Emergency expenses. Monthly mortgage payments. These are but a small handful of financial pressures military members experience regularly. Add in the stresses of never knowing when you might be deployed. Taking out a loan is often possible to alleviate these stresses, but actually being approved for a loan is easier said than done, as the underwriting and approval process are frequently quite restrictive and inconsiderate of the military lifestyle. And even if your application is accepted, the terms and conditions of the loan – not to mention its amount – may often be less than accommodating.

But what if there were a lender out there who understands military lifestyle? Not only that but what if that lender could even approve your loan request despite bad credit? All of these you may find with Omni Financial.

For more than 50 years, Omni Financial has served those who serve the nation, providing loan applicants – more specifically, military members – with the installment funds they need to address the financial stresses of military life. Our military personal loans are not only designed for armed forces and veterans, but they were founded by a former service member. He recognized this ongoing need and launched a company that has helped hundreds of thousands of service members obtain funds quickly and simply.

What are installment loans and how can military personnel get them?

Military personal loans are essentially installment loans. An installment loan pairs the principal amount being borrowed with an interest rate. In return for the lump sum, a borrower repays the loan on a regularly occurring basis. Repayment terms are arranged prior to approval, but it is usually once every month.

At Omni Financial, after assessing your financial situation, we’ll work with you to design a repayment plan that aligns with your financial capabilities and needs. Our specialists will work with you to create a financing plan that best meets your goals and budget, with a focus to get you back on track and on your way to a more secure financial future.

Do loans for military members require a good credit score?

Not necessarily. One of the reasons why we work with you to obtain information at Omni Financial is because we understand that your financial situation – much like a baseball, basketball, or football game – can’t be summed up by looking at the score alone. You have to look at the other statistics. The short answer: No, you most definitely do not need a sterling credit score to apply. We examine each and every application methodically, in context with the other items we request for the underwriting process. If there is something on your credit report that looks problematic, we’ll work with you so we can consider possible solutions.

What personal loans are available to veterans with bad credit?

While most of our current and former customers sought financial assistance from Omni Financial while on active duty, veterans comprise a significant portion of our customer base as well. If you’ve long since retired from the armed forces – whether you were in the Navy, Army, Marines, Coast Guard, or Air Force – you know full well that financial pressures don’t end once you leave the service.

But fear not, you have recourse, the following are potential solutions to your current dilemma: unsecured loans, fixed-rate financing, and secured personal loans. The ability to get one of the above-mentioned solutions, though, may be challenging due to bad credit.

That’s not the case with Omni Financial. While we look into each applicant individually, we don’t like to classify our loans beyond simply military installment loans. That’s because once you’re granted approval, you’re free to use the funds for any need and/or emergency such as travel, addressing a medical bill, or for a PCS-related cost.

Can a military spouse get a military loan?

It’s not a coincidence that when military personnel participate in polls or surveys, military spouses are frequently included. That’s because spouses are frequently the first ones military members turn to for emotional support or to share news. They are the heroes behind the heroes.

It’s for these reasons and more that although Omni only serves active duty, veterans, or past Omni customers, we’re more than happy to assist and explain to a military spouse the process of an application so that you and your partner can walk through the application process together and easier. Reach out to our loan specialists to learn more about ways your service members can obtain a loan from Omni.

Life can be a real rollercoaster of ups and downs, especially when it comes to finances. Choose Omni Financial for a truly smooth financial assistance experience. From quick approvals to the simplicity of applying, Omni Financial is your go-to source for military personal loans done right. Contact us today.