Last Updated: 04/18/2025
SuperMoney User Recommendation Score -60
Strongly not recommended15 total votes
Explore a similar product
Try this top product in Personal Loans
Avant Loans
Strongly recommended703 reviews
Community Recommended Products
View AllSponsored
Strongly recommended703 Reviews
Learn MoreSponsored
Strongly recommended326 Reviews
Learn MoreSponsored
Strongly recommended314 Reviews
Learn MoreGet Competing Personal Loan Offers
Compare personal loan offers from multiple vetted lenders.
Discover your lowest eligible rate in minutes.
See how much you qualify for and what your monthly payment will be.
Get Personalized Rates
It's quick, easy, and won't hurt your credit score.
Highlights
Community Rating
Strongly not recommended
APR
7% - 35.95%(Verified 06/21/2024)
Disclaimer popup with additional information
Amount Range
$500 - $10,000
Loan Term (Months)
N/A
Number of Reviews
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 are available in 41 states and Washington, DC.
Key Takeaways
- Fast access to funds. If approved, Omni Financial Inc. will send the money in as little as 24 hours.
- Origination fees of up to 10%. This is on the high end for lenders on SuperMoney's database. Origination fees are deducted from the loan amount, so consider them when deciding how much you need to borrow.
Omni Financial Pros & Cons
| Pros | Cons |
|
|
Omni Financial FAQ
What interest rates and personal loan terms does Omni Financial offer?
Omni Financial has lower than average interest rates for lenders reviewed on SuperMoney.
What interest rates does Omni Financial offer?
Omni Financial offers a personal loan product that ranges from 7% APR up to 35.95% APR.
How much can you borrow via Omni Financial?
Personal loan amounts start at $500 and go up to $10,000
| Personal Loan Amount | $500 - $10000 |
| Loan Term | N/A |
| APR | 7% - 35.95% |
What fees does Omni Financial charge?
Does Omni Financial charge an origination fee?
Omni Financial may charge a personal loan origination fee of up to 10% of the personal loan amount .
Does Omni Financial charge a late fee?
Yes, Omni Financial may charge a late payment fee if you miss one of the regularly scheduled payments of up to $15.
Does Omni Financial charge prepayment fees?
No, Omni Financial 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 | up to 10% |
| Prepayment Fee | N/A |
| Late Payment Fee | $15 |
What do you need to qualify for Omni Financial Military Loans?
Applicants with a credit score of at least 560 and up to 750 may be 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.
To qualify, applicants may need to provide the following documentation:
- Recent pay stubs
- Proof of citizenship or residence permit
| Minimum Age | 18 |
| Bank Account Required? | No |
| Application Types Accepted |
|
| Credit Score | 560 - 750 |
What is the estimated funding time for a personal loan via Omni Financial?
Omni Financial will typically fund loans within 1 to 7 business days of approval and clearing necessary verifications.
Does Omni Financial Inc. perform a hard credit pull?
Yes, Omni Financial performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
Are Omni Financial Military Loans legit?
Omni Financial Inc. was founded in 1950, it is a well-established company that has been in business for 76 years. Omni Financial Military Loans is strongly not recommended by SuperMoney community users.
SuperMoney Disclosure: 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...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Other Services by Omni Financial Inc.
Community Recommended Products
View AllSponsored
Strongly recommended703 Reviews
Learn MoreSponsored
Strongly recommended326 Reviews
Learn MoreSponsored
Strongly recommended314 Reviews
Learn MoreSuperMoney Net Recommendation Score
SuperMoney users don't recommend this product, giving it a user recommendation score of -60, or 1.8 on a 5-point rating scale.
-60
-1000+100
No one recommends
Everyone recommends
Omni Financial Military Loans Community Reviews
Would you recommend Omni Financial Military Loans to your friends?
DC
Dylan C.
Oct 31, 2023
May or may not recommend
I care so much about taking care of those who served, especially in my family. With these loans, just a little bit of money and more importantly, a low APR rate, allows me to accomplish this mission amazingly! I could not recommend these loans enough!
MC
Mazhar C.
Nov 25, 2022
May or may not recommend
People that complain have no idea what goes into a personal loan. If your not paying the loans you currently have, why would you expect a new loan? This company reports to all three credit bureaus monthly, which will build your credit, not hurt it (unless your not paying). There are ZERO prepayment fees, in fact if your not happy with the loan, you can return it within 15 days ...Show More
U
Anonymous
Aug 19, 2022
May or may not recommend
People that complain have no idea what goes into a personal loan. If your not paying the loans you currently have, why would you expect a new loan? This company reports to all three credit bureaus monthly, which will build your credit, not hurt it (unless your not paying). There are ZERO prepayment fees, in fact if your not happy with the loan, you can return it within 15 days ...Show More
Raymond L.
Aug 10, 2021
May or may not recommend
Absolutely do not recommend!!! The slogan is “where we love to say yes to the military” this might be true, but only when it is in there best interest.
They aren’t their to help in tough times. It’s based solely on credit score. If you have ok or bad credit just stay far away and don’t waste your time! Got one loan a while payback, have never been a day late ...Show More
Trey K.
Jul 31, 2019
May or may not recommend
The decision is understood. What is irritating is how long it took and everything you all ask for just to make that decision. Everyone has hard times and the last thing someone needs it to be holding on to false hope for a company that prolongs everything. Even with the horrible reviews I read about this company i still gave them a chance and I'm not upset because I got ...Show More
Michelle O.
Mar 1, 2019
May or may not recommend
Do not use them! Get an AER loan, borrow from ANYONE other than Omni! They are SO incredibly difficult to deal with and will call every reference BUT YOU if there's ever an issue. Their system will just NOT run your payment, then that'll cause you to be late, even when they send you an email apologizing that there will be a delay, and then they'll try to process the ...Show More
JM
Juan M.
Oct 11, 2018
May or may not recommend
They took their sweet time to provide me with an answer. I do not recommend for someone who needs the money as soon as possible.
Lee W.
Jul 9, 2018
May or may not recommend
Worst loan company in history, Just like many people have stated, requests lots of documents for a loans, then repeat asking you for the same documents over and over, they act like a fraud/scam. I how have to check my credit report constantly dealing with this fake ass company! Do not waste your time, they are lie.
LH
Lerone H.
Jun 21, 2018
May or may not recommend
I tried to apply for a loan from them & they gave me a run around. Everyday I was told too upload a document that they didn't tell me from the start that I needed. The application process is very long tedious frustrating & ridiculous. They ran my credit ask for All these documents made me believe I was going to get the loan & then after all that ...Show More
Sauly K.
May 10, 2018
May or may not recommend
Things were great until we called to Payoff our loan. Before deploying, my husband called to make sure that I would be able to payoff the loan myself, he was told, "of course!" (We needed to pay it off per our home lender's request.) When the time came to call to pay I called the El Paso office and was told that the Service member was the one who had ...Show More
U
Anonymous
Oct 29, 2016
May or may not recommend
If you're looking for a loan, use Omni as a last resource. The MLA caps lenders out at an apr of 36%... I don't have a perfect credit score but it is in the low 700 range. I was given an apr of 35.954%. They like to say yes because they like to squeeze every penny they can out of that Uncle Sam pay. If you're looking for a loan ...Show More
U
Anonymous
Oct 18, 2016
May or may not recommend
this business is not all it says it is. Stay away from it and go somewhere else. Just another predatory lending machine towards military personnel. When I applied through them it sounded very promising and helpful until the end. You have to provide too much information for them to tell you "they can't help". They told me it would be based on a income ration under $1,000 loan. That was ...Show More
U
Anonymous
Jul 22, 2016
May or may not recommend
I know it sounds good but its not. If you are in desperate need of cash and poor credit then this the place for you. This place is the epitome of predatory lending preying on the military. The interest rates are extremely high and your first several years of payments go to interest alone. If you are able, avoid this place like the plague. They do not give you regular ...Show More
U
Anonymous
Feb 12, 2016
May or may not recommend
Not happy with this Lender. If you are medically retired you aren't able to set up a payment by allotment. So you have to set up a payment by EFT. However what they don't tell you is that it will take 3 days for them to verify your banking information which is sent to some institution in NY. That needs to be a disclaimer online. I've cancelled my application. Medical ...Show More
U
Anonymous
Feb 26, 2015
May or may not recommend
I had an odd application experience with Omni. I initially applied, gave them the information they needed, and waited patiently. A few days later I received a call requesting they speak with my commander. Sure, no problem. After speaking with my commander, we both realized that they told us the date the funds were supposed to be released were different. So, I tried calling again to figure it out. After ...Show More
Showing 15 of 15 reviews
You might also like
Best Personal Loans
SuperMoney
Personal Loans With No Credit Check: A Very Bad Idea
Allison Martin
Are Pawn Shop Loans Ever a Good Idea?
Julie Bawden-Davis
9 Ways To Get a Loan With No Credit
Lee Huffman
