Military Installment Loan
Most of the time, when someone refers to a "Military loan" they are most often talking about a small dollar installment loans. The reason being is legislation passed to protect Active Duty Servicemembers from other small dollar loan products, like pay day loans and title loans Military Loans typically range between $500.00 to $10,000.00 and have a term between 4 months to 36 months. The Interest Rate should also never be more than 36%, but varies from company to company and application to application. Click below to learn more:
Credit Cards
Responsible borrowring on a credit card can be a great way to build credit and are nice to have incase of an emergency or while traveling overseas.
AER & Other Options
If you are Active Duty you might qualify for an AER loan. Regardless of your employment status, if you have been turned down for a military loan or credit card more than two times in the last 30 days it might be time to check on some other options.