Omni Financial Military Loans Review

Omni Financial Military Loans is offered by Omni Financial Inc., a direct lender founded in 1950 and based in Las Vegas, NV. Omni Financial Military Loans is available in 41 states (and Washington, DC).

Key takeaways

• Fast access to cash. In some cases you can get your money within 1 business day.
• Poor credit accepted. Even if you have bad or poor credit, you can apply. Borrowers with a credit score as low as 560 are considered for Omni Financial Military Loans.
• Hard credit pull required. You can't check your rates or see if you prequalify for Omni Financial Military Loans without a hard pull on your credit report. Most lenders give you the option of a soft pull on you credit report.
• Charges a prepayment fee. This is rare for personal loans. It means you will have to pay a fee if you pay off your Omni Financial Military Loans early.

Omni Financial Military Loans Pros and Cons:

Pros	Cons
Considers applicants with poor credit. Fast funding.	APRs as high as 35.95%. Charges an origination fee of up to 10% of the loan amount. Do not offer pre-approval with soft credit pull. Omni Financial Military Loans does not report to credit bureaus. Charges prepayment fees. Charges a late fee of up to $15. No co-sign option.

What rates and terms does Omni Financial Military Loans offer?

Omni Financial Military Loans has lower interest rates than the average for lenders reviewed on SuperMoney.

What fees does Omni Financial Military Loans charge?

What do you need to qualify for Omni Financial Military Loans?

Applicants with a credit score of at least 560 and up to 750 are eligible for Omni Financial Military Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Omni Financial Military Loans does not have or does not disclose a minimum annual income eligibility requirement.

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 and their covered dependents are eligible to apply for a loan via Omni Financial Military Loans. Their rates fall within the limits of The Military Lending Act.

Permanent resident / green card holders are also eligible to apply.

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

• Recent pay stubs
• Proof of citizenship or residence permit

Omni Financial Military Loans Eligibility Criteria

Minimum Age	18
Bank Account Required?	No
Application Types Accepted	Individual Applications
Credit Score	560 - 750

What is the estimated funding time for a personal loan via Omni Financial Military Loans?

Omni Financial Military Loans will typically approve (or deny) a loan application within 24 hours and fund personal loans within 7 business days of approval.