The Exclusive Military payday loans

Posted by Kania Mazdar | 11:15 AM | 0 comments »

military loan
by jm3

Military Loans to help Military Families

Militaries have always been denied for a payday loan. The military loans usually are denied to active US armed forces or to the retired military members, and it is unfair for them since they also have their salary same as with other people who have a different career. However, you should know that you as a military can avail of the military payday loans now. There are different payday loan companies which offer military loans, so you need not to worry if you encounter an emergency case that demands a certain amount of money and payday is still a week ahead of you.

A lot of payday lenders provide a special loan for military personnel, while there are some which only cater solely to employees of the armed forces. There are lots of options to choose from in the military loan services. It ranges from payday loans to other types of loans more suited for someone in the service.


However, be advised that the rules applied to military personnel in terms of financial matters are more strict than that of the others. Refer to the Uniform Code of Military Justice in article 123a, it is said that military personnel or borrower that do not meet their financial obligation can be subjected to confinement, clearance, court marshal, transfer or worst be discharge.

Amount you can get for a military payday loans

The amount you can get for a military payday loans usually ranges for up to 40 % of the monthly take home pay of the military, and depending on his rank.

Getting the money from the payday loan depends on whether you are based in the US or overseas, the US-based military who will borrow can have their money through their checking accounts anytime between 1 to 5 business days. Now, for those who are serving overseas, the options would be through Western Union or wire transfer. If you opt for Western Union, that would be good for you since the fund will be available to you immediately, however, if you choose Wire Transfer, the fund will be available in the next business morning.

Another thing that is good about the military payday loans is that the lenders do not run credit checks due to the high ethical codes of military personnel, and because of the Uniform Code of Military Justice, thus military payday lenders will not subject you for a credit check.

Find More Military Loan Articles