Types of Military Loans
Pioneermilitaryloans.com -- works exclusively with the military community, so they understand your unique financial situation. They have designed several military loans specifically for the needs of today's service member.
And remember: every military loan features a 15-day no-cost return policy—if you are unsatisfied for any reason, simply return your military loan within 15 days at no cost.
Standard installment loan --- With an installment loan you repay the debt over a specific period of time (term) with set monthly payments that don't change.
- Military Loans for all ranks and branches
- Loans from $500 to $10,000 - 24 hour service
- Get back on track with affordable monthly payments
- Easy, secure and confidential online application
- Competitive interest rates
- Reduce debt from high interest credit cards and/or payday loans
HELP Loan --Pioneer Military Lending understands that service members can find themselves in difficult financial situations. And many times, when you need a little extra cash to make ends meet or to pay for unexpected expenses, visiting a payday loan company may seem like your best option. However, with high fees and automatic rollover practices, payday loans can put service members into an endless debt cycle. They have developed a safe, low-cost alternative to payday loans—the Help Loan. The Help Loan is a short-term, non-renewable loan designed to meet immediate cash needs.
- One time loan of $500 (non-renewable, non-rollover)
- Four equal monthly payments of $131.31
- Total fees and interest $25.24
- Maximum APR of 24%
Home Leave Assistance Loan -- The Home Leave Assistance Loan is designed to help get you, our American military heroes, home to your family by providing needed funds for airfare, gas money, a hotel room, or other necessities while on the road. Your application will receive priority processing.
- Get up to $1,000 at 9.95% APR
- Available for active-duty military members of all ranks who participate in the current R&R program in Iraq and Afghanistan (Operation Iraqi Freedom or Enduring Freedom)
- Easy monthly payments
- Spouses of military service members who have General Power of Attorney can apply
Bereavement Loan -- Designed to help you cope with the loss of a loved one or family emergency. It requires a direct referral from your commander or the Red Cross describing the emergency. You will receive priority processing.
- Up to $1000 interest free for three months
- Or 9.95% with a longer term
Disaster Relief Loan -- When you are affected by a disaster, getting emergency funds fast can be difficult. Pioneer Military Lending offers a product that provides those living in a disaster area (as declared by state or federal government).
- Up to $1,000 interest free for three months
- Or 9.95% with a longer term
Convalescent Leave Loan -- Two types of convalescent leave loans are available that can cover expenses of wounded service members and their families. If you are verified as wounded in combat by your leadership or chaplain and have a financial need, you are eligible.
- $1000 interest free for six months
- Or $1500 at 9.95%