Pioneer Military Loans

Pioneer Military Loans Review

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Pioneer Military Loans is offered by Pioneer Financial Services Inc., a direct lender founded in 1932 and based in Kansas City, MO. Pioneer Military Loans is available in 50 states (and Washington, DC).

Key Takeaways

• APRs starting at 10%. Personal loan interest rates typically range between 5% and 36%. The starting rates for Pioneer Military Loans are on the higher end of the spectrum.
• Fast access to funds. In some cases, you can get your money within 1 business day*.

Pioneer loans Pros & Cons

Pros	Cons
$0 prepayment fee. Considers applicants with fair credit.	APRs as high as 36%. Charges an origination fee. Do not offer pre-approval with soft credit pull. Pioneer Military Loans does not report to credit bureaus. Charges a late fee.

Pioneer loans FAQ

What interest rates and personal loan terms does Pioneer loans offer?

What fees does Pioneer loans charge?

What do you need to qualify for Pioneer Military Loans?

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

Pioneer 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 are eligible to apply for a loan via Pioneer 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

Pioneer 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 Pioneer loans?

Pioneer loans will typically approve (or deny) a loan application within 24 hours and fund loans within 7 business days of approval.

Is Pioneer Financial Services Inc. a legit company?

Pioneer Financial Services Inc. was founded in 1932, it is a well-established company that has been in business for 90 years. Based on their "mostly recommended" SuperMoney community rating, they seem to be a reputable company.