How to Get Military Loans

June 12th, 2011
How to Get Military Loans

Military loans are an excellent resource that allows you to receive funding for school by making school more affordable. A military loan allows you to begin or continue your education. To receive a military loan, you must be enrolled in the military. Unlike traditional loans, military loans are paid back to the military, usually in installments over a certain period of time. As an option, you can elect to have the loan paid back directly from your pay. Read on to learn how to get military loans.

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      There are several websites that you can go to in order to find military loans. http://www.usmilitaryloans.org/ is one of them.

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      To apply for a loan through US Military Loans, Inc., you must be a member of the US military OR a federal employee. If you have a credit score above 700 and can establish a monthly allotment, you have an excellent chance of being approved for a loan. Send them an email at usmlusa@aol.com to get the process rolling.

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      After you fill out the loan form, you will be emailed a Unit Commander Authorization. You will need to email or fax a copy of your most recent LES or pay voucher. Once approved, sign and return the contract and the money will be deposited within your checking or savings account.

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      If you want to complete the form online, right now that is not an option at http://www.usmilitaryloans.org, that page is currently under construction. Instead, you can visit https://secure.pioneermilitarylending.com/PMLcom_sec/beginLoanApplication.do?partner=127540&tpcustom1=c-military_loans&CTSession=null

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      For this website, you must be a full time active duty member of the US military OR 20 year retired member OR Department of Defense GS-6 + This site also requires LES.

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      When you get your military loan, know that you can now afford a wonderful education that will only serve to further enrich your life and allow you to be all that you can be.