Omni Financial Military Loans
in Personal Loans from Omni Financial Inc.Unaffiliated
Omni Financial Military LoansUnaffiliated
in Personal Loans from Omni Financial Inc.
Strongly not recommended
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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).
- 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:
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 APR rate does Omni Financial Military Loans offer?
Omni Financial Military Loans offers a personal loan product that ranges from 7% APR up to 35.95% APR.
Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.
How much can you borrow via Omni Financial Military Loans?
Loan amounts start at $500 and go up to $10,000.
|Loan Amount||$500 - $10000|
|APR||7% - 35.95%|
What fees does Omni Financial Military Loans charge?
Does Omni Financial Military Loans charge an origination fee?
Omni Financial Military Loans may charge a loan origination fee of up to 10% of the loan amount.
Does Omni Financial Military Loans charge a late fee?
Yes, Omni Financial Military Loans may charge borrowers a late payment fee of up to $15, which is triggered if you're 15 days late.
Does Omni Financial Military Loans charge prepayment fees?
Yes, Omni Financial Military Loans may charge additional fees to borrowers who pay off their loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a loan early.
|Origination Fee||up to 10%|
|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 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
|Bank Account Required?||No|
|Application Types Accepted||
|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.
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
|Late Fee After||15 days|
|Late Fee Amount||$15|
|Origination Fee (%)||Up to 10%|
|Immigration Status Considered||U.S. Permanent Resident|
|Joint Loan Applications Accepted||Individual Applications|
|Military Status||Active Duty Military|
|Verification Documents Required||
|Credit Score Range||
560 - 750
|Loan Amount||$500 - $10,000|
|APR||7% - 35.95%|