Omni Financial is a leading provider of personal loans to members of the armed forces. It is based in Nevada and has offices at major military installations in the United States, Europe and Korea. The company was founded in 1950 by Fred Nives, a World War II veteran, who vowed to start a company that catered for the special needs of the military when we was denied a loan while stationed in France in 1945.

As well as on-site offices and representatives, Omni Financial offers online lending. In fact, it was the first military lender to offer loans online when it launched militaryloans.com back in 1991.

How Does Omni Financial Military Loans Work

Customers can apply online at one of their offices or over the phone. Applicants must upload their LES (Leave and Earning Statement) or RAS (Retirement Account Statement) to qualify. Once approved, borrowers can choose to collect their cash by direct deposit, in-office pickup or instantly through a prepaid online virtual Visa card.

What Are Omni Financial Military Loans' Rates and Fees?

Omni Financial offers loans with a maximum APR of 35.95% APR. The minimum APR offered is a "low single digit," but the site does not explicitly specify what that digit is. 

How Much Money Can I Borrow from Omni Financial?

Omni Financial offers military loans ranging from $500 to $10,000.

Which States Does Omni Financial Operate In?

Omni operates in all 50 states and most overseas military assignments.

What Is Omni Financial's Application Process Like?

Borrowers can apply online or over the phone. All applicants must be active duty military, retired with 20 or more years of service. Proof of income is provided through a copy of their leave and earnings statement (LES) or their retiree account statement (RAS). Omni Financial usually replies to loan applications within 24 hours.

How Is Omni Financial Better Than Other Lenders?

Omni Financial has over 75 years' experience in military loans and was the first to Offer military loans online. The application process can be performed entirely online, including the uploading of proof of income documents. Omni doesn't provide a range of rates or a schedule fees, which does bring under question its transparency as a lender. However, loan approval decisions are fast and you can access your money instantly through a virtual Visa card. Those who prefer to do business face to face can visit one of their many loan offices, which are strategically placed at or close to military bases.

  • Institution Type
    Direct Lender
  • Credit Score Range
    560 - 750
  • Immigration Status Considered
    U.S. Permanent Resident
  • Joint Loan Applications Accepted
    Only Individual Applications
  • Military Status
    Active Duty Military
  • Minimum Age
  • Verification Documents Required?
    • Recent Pay Stubs
    • Proof of citizenship/residence
  • Late Fee After (number of days)
  • Late Fee Amount
  • Origination Fee
    Up to 10%
  • Approval Speed (Hours)
  • Funding Time Range (in days)
    1 - 7
  • Payment Options
    • Automatic Payments
    • Check by mail
  • Loan Amount
    $500 - $10000
  • APR
    7% - 35.95%
SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

New Review for Omni Financial Military Loans

Rate your experience: