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AAFMAA CAP Loan Review

AAFMAA CAP Loan is offered by AAFMAA, a direct lender founded in 1879 and based in Ft. Myer, VA. AAFMAA CAP Loan is available in 50 states (and Washington, DC).

Key Takeaways
  • APRs starting at 1.5%. Personal loan interest rates typically range between 5% and 36%. The starting rates for AAFMAA CAP Loan are on the lower end of the spectrum.
  • Prequalified rate. You can check your prequalified rate at AAFMAA with a soft pull that will not affect your credit score.
  • No origination fee. AAFMAA CAP Loan does not charge a loan origination fee.
  • No late fees. Missing a payment can seriously damage your credit, but AAFMAA CAP Loan will not charge additional fees if you miss the due date on a payment.
AAFMAA CAP Loan Pros & Cons
Pros Cons
  • Low APRs available to qualified borrowers.
  • $0 prepayment fee.
  • Loan options with $0 origination fee.
  • AAFMAA Membership, term or whole life insurance enrollment, and checking account with AAFMAA partner bank required for CAP Loan.
  • AAFMAA Membership benefit criteria limited to Active duty, National Guard, and Reserve servicemembers in ranks E5 to O4.
  • Applicants must be AAFMAA Members in good standing with $250,000 of term life insurance or $50,000 of whole life insurance in force.
  • AAFMAA CAP Loan does not report to credit bureaus.

What interest rates and personal loan terms does AAFMAA CAP Loan offer?

AAFMAA CAP Loan has lower than average interest rates for lenders reviewed on SuperMoney.

What interest rates does AAFMAA CAP Loan offer?

AAFMAA CAP Loan offers a fixed APR personal loan product of 1.5%.

How much can you borrow via AAFMAA CAP Loan?

AAFMAA CAP Loan offers $5,000 loans.

What is the maximum loan term you can get with AAFMAA CAP Loan?

AAFMAA CAP Loan offers loans with terms of 60 months.

AAFMAA CAP Loan Interest Rates & Loan Terms
Personal Loan Amount $5000
Loan Term 60 months
APR 1.5%

What fees does AAFMAA CAP Loan charge?

Does AAFMAA CAP Loan charge an origination fee?

AAFMAA CAP Loan does not charge a personal loan origination fee.

A personal loan origination fee is what some lenders charge for processing, underwriting, and funding a personal loan. Typically origination fees range from 0.5% to 5% of the personal loan amount. Whenever possible, go with lenders that don’t charge origination fees.

Does AAFMAA CAP Loan charge a late fee?

No, AAFMAA CAP Loan will not charge you a late fee if you miss one of the monthly payments.

Does AAFMAA CAP Loan charge prepayment fees?

No, AAFMAA CAP Loan does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the personal loan off early.

Origination Fee No
Prepayment Fee No
Late Payment Fee No

What do you need to qualify for AAFMAA CAP Loan?

AAFMAA CAP Loan does not require or does not disclose a credit score minimum. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

AAFMAA CAP Loan does not have or does not disclose a minimum annual income eligibility requirement. AAFMAA CAP Loan only considers borrowers who are employed.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members are eligible to apply for a loan via AAFMAA CAP Loan. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by AAFMAA CAP Loan. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

  • Applicants must have an active and valid personal checking account
  • Driver's license
  • Government issued photo ID
  • Proof of identity
  • Proof of citizenship or residence permit
AAFMAA CAP Loan Eligibility Criteria
Minimum Age 18
Bank Account Required? Yes
Application Types Accepted
  • Individual Applications
  • Credit Score N/A
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    Hours of Operation

    • Sunday Closed
    • Monday 8:30am - 5:30pm
    • Tuesday 8:30am - 5:30pm
    • Wednesday 8:30am - 5:30pm
    • Thursday 8:30am - 5:30pm
    • Friday 8:30am - 5:30pm
    • Saturday Closed

    About AAFMAA CAP Loan


      Available in 50 states and Washington, D.C.
    • Alaska
    • Alabama
    • Arkansas
    • Arizona
    • California
    • Colorado
    • Connecticut
    • Washington, DC
    • Delaware
    • Florida
    • Georgia
    • Hawaii
    • Iowa
    • Idaho
    • Illinois
    • Indiana
    • Kansas
    • Kentucky
    • Louisiana
    • Massachusetts
    • Maryland
    • Maine
    • Michigan
    • Minnesota
    • Missouri
    • Mississippi
    • Montana
    • North Carolina
    • North Dakota
    • Nebraska
    • New Hampshire
    • New Jersey
    • New Mexico
    • Nevada
    • New York
    • Ohio
    • Oklahoma
    • Oregon
    • Pennsylvania
    • Rhode Island
    • South Carolina
    • South Dakota
    • Tennessee
    • Texas
    • Utah
    • Virginia
    • Vermont
    • Washington
    • Wisconsin
    • West Virginia
    • Wyoming

    Feature Breakdown

    No Late Fees
    No Origination Fee
    No Prepayment Fee
    Checking Account Required
    Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Joint Loan Applications Accepted
    • Individual Applications
    Military Status
    • Active Duty Military
    Minimum Age 18
    Supported Income Types
    • Direct Deposit (W2, SSA, SSDI)
    • Cash
    • Payroll Check or Prepaid Card
    • 1099 Misc. Income
    Verification Documents Required
    • Driver License (or other photo ID)
    • Proof of citizenship/residence (Green Card)
    • Proof of Identity
    • Government Issued Photo ID
    • Social Security Number
    APR Type Fixed APR
    Loan Amount $5,000
    APR (Fixed APR) 1.5%
    Loan Term 60 months

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