If you’re a veteran that needs to pay bills, finance a large purchase or consolidate debt, a personal loan can cover your expenses. You can also find lenders that work specifically with veterans and their families, which can be a benefit when considering a personal loan. Nonprofit organizations can also be a valuable resource and provide some financial assistance.
Below, we cover some of the best personal loans to help veterans take control of their financial situation. We compared the annual percentage rate (APR), loan amounts, fees, funding times, and other factors from various lenders to come up with a list of the best personal loans for veterans.
Compare veteran loan rates of April 2024
Advertiser DisclosureOverview
Lightstream is one of three Credible partner lenders to offer loan amounts up to $100,000, which makes it ideal for financing large expenses like home improvements or weddings. Funds are available as soon as the same day you apply, and you'll have up to 12 years to repay certain types of loans, including home improvement loans, RV loans, and boat loans. There are no origination fees, and rates are low — Lightstream's lowest APR beats SoFi's advertised lowest APR by 1 percentage point. But you'll need good credit to qualify.
Unlike most lenders, Lightstream does not let you prequalify on its site. Nor does it provide a contact phone number next to its customer service hours on its website.
Repayment terms
2 - 12 years, depending on loan purpose
Eligibility
Available in all states except RI and VT
Time to get funds
As soon as the next business day
Loan uses
Credit card refinancing, debt consolidation, home improvement, and other purposes
Overview
Upstart has one of the lowest available APRs of Credible partner lenders and of all non-partners we reviewed, making it a good choice for well-qualified applicants. However, it's also is one of few lenders that doesn't have a minimum credit score requirement (if you apply on the lender's website), which makes it an option if you have bad credit or no credit history. Upstart may charge an origination fee as high as 12%, but good-credit borrowers may not be charged one at all.
Trustpilot gives Upstart 4.9 stars, which is the highest of all lenders we reviewed.
Time to get funds
As soon as 1 to 3 business days
Loan uses
Pay off credit cards, consolidate debt, relocate, make a large purchase, and other purposes
Overview
Discover Personal Loans offers low APRs, repayment terms up to seven years, no origination fees, nationwide availability, and doesn't require your Social Security number to prequalify on its site. You'll need to have an annual income of at least $40,000, and a FICO score 660 or higher, to be eligible. If your credit score is fair or poor, you'll need to go elsewhere, as Discover doesn't allow cosigners.
Funds are available as soon as the next business day after loan approval.
Eligibility
Available in all 50 states
Time to get funds
Funds can be sent as soon as the next business day after acceptance
Loan uses
Auto repair, credit card refinancing, debt consolidation, home remodel or repair, major purchase, medical expenses, taxes, vacation, and wedding
Overview
Upgrade has a suite of features that make it a very attractive lender: competitive interest rates, discounts for direct pay and autopay, as soon as same-day funding, up to seven-year repayment terms, and nationwide availability. Plus, loans are available to fair-credit borrowers, and you don't need to input your Social Security number to prequalify on the website. Upgrade even offers secured personal loans, which is not common among lenders.
However, Upgrade does charge an origination fee of 1.85% to 9.99%. You must have a FICO score of at least 600 and a minimum income of $25,000 annually to qualify.
Loan amount
$1,000 to $50,000 ($3,005 minimum in GA; $6,600 minimum in MA)
Loan uses
Credit card refinancing, debt consolidation, home improvement, major purchase, other
Overview
LendingClub is a solid lender for good credit borrowers and some fair credit borrowers that apply directly on its website. It's easy to prequalify with LendingClub, especially if you're uncomfortable providing your Social Security number, as the company doesn't require it at the prequalification stage. (You will need to provide it if you move forward with a full application.)
While prequalification is not a guarantee that you'll be approved for a loan, LendingClub does a better job than most other Credible partner lenders at approving applicants that have successfully prequalified. In other words, you're less likely to have your application declined once you apply (if you've already prequalified). LendingClub may charge an origination fee between 3% and 8%.
Eligibility
Available in all 50 states
Loan uses
Debt consolidation, paying off credit cards
Overview
SoFi stands out for offering no-fee personal loans with competitive rates, high loan amounts, long loan terms, discounts for autopay and direct pay, and funding as soon as the same day. Plus, SoFi prioritizes convenience for existing and potential customers with features like live chat and an easy prequalification process that doesn't require your Social Security number. Once you have a loan with SoFi, you may be eligible for unemployment protection and unemployment assistance.
The main catch is that you need to qualify for a loan with SoFi, which can be hard to do if you don't have good credit. You also won't be able to apply with a cosigner, since SoFi doesn't accept cosigners; nor does it offer secured personal loans.
Fees
Option to pay an origination fee (up to 6%) in exchange for a lower rate
Time to get funds
Typically within a few days, given approval and bank account verification, but sometimes within the same day
Loan uses
Solely for personal, family, or household uses
Overview
Best Egg is a solid lender for a wide range of borrowers and, notably, scored second for personal loan satisfaction in J.D. Power's Consumer Lending Study. It offers competitive rates, reasonable loan terms and amounts, and personal loans for fair credit. You'll need a FICO score of at least 600 to qualify, but the lower your score, the higher your APR may be. The APR includes the interest rate and origination fees, which range from 0.99% to 8.99% with Best Egg.
Note that if you successfully prequalify with Best Egg, you may be more likely to be approved for the loan relative to other lenders you prequalify with. Based on Credible data, borrowers who chose to apply for a loan with Best Egg were more than twice as likely to be approved (relative to most other Credible partners).
Fees
Origination fee, late fee, unsuccessful payment fee, check processing fee
Eligibility
Available in all states except DC, IA, VT, and WV
Time to get funds
As soon as 1 to 3 business days after successful verification
Loan uses
Credit card refinancing, debt consolidation, home improvement, and other purposes
Overview
Avant personal loans are a good choice for borrowers with bad credit looking for small- to moderate-sized personal loans. Loans are available up to $35,000 and you could get the money as soon as the next business day after approval. Plus, Avant is more likely than some lenders to approve the applications of borrowers who've prequalified with Avant. However, the lender charges an origination fee up to 9.99%, and its top-range interest rates are among the highest of the lenders we reviewed.
Fees
Origination fee, late fee, dishonored payment fee
Eligibility
Available in all states except HI, IA, MA, ME, NY, VT, and WV
Time to get funds
As soon as the next business day (if approved by 4:30 p.m. CT on a weekday)
Loan uses
Debt consolidation, emergency expense, life event, home improvement, and other purposes
Repayment terms
1 to 5 years (2 to 5 years through Credible)
Overview
Universal Credit is one of a handful of lenders that offers personal loans for bad credit. If your FICO credit score is at least 560, you may be eligible for a Universal Credit personal loan. It offers loan amounts up to $50,000, repayment terms up to seven years, and discounts for direct pay and autopay. Funds are available as soon as the next business day after loan approval.
Note that rates and fees can be relatively high — you may pay an origination fee from 5.25% to 9.99%, and APRs start at 11.69%. If you get a loan with a high interest rate, consider refinancing your personal loan at a lower rate once you've improved your credit score.
Eligibility
A U.S. citizen or permanent resident; not available in DC, IA, SC, WV
Time to get funds
As soon as 1 business day after acceptance
Loan uses
Debt consolidation, pay off credit cards, home improvements, unexpected expenses, home and auto repairs, weddings, and other major purchases
Overview
OneMain Financial has multiple options for bad-credit personal loans. There is no minimum credit score required (if you apply directly with OneMain), which means you could get a loan with bad credit (FICO below 580). Plus, cosigners are allowed — a cosigner is someone (ideally, with good credit) who promises to repay the loan if you can't, which can make it easier to qualify or lower your rate. And, secured personal loans are available. You secure a loan with collateral, which may also help you qualify or lower your rate.
Rates are higher than competitors and OneMain charges origination fees as either a flat fee up to $500, or a percentage from 1% to 10% (depending on your state of residence). Note that even if you prequalify for a personal loan with OneMain, getting approved isn't a given.
Fees
Origination fee, unsuccessful payment fee, late fee
Eligibility
Must have photo I.D. issued by U.S. federal, state or local government
Time to get funds
As soon as 1 to 2 days after acceptance
Loan use
All except business, and education
Lenders that work specifically with veterans
These lenders can cater to active-duty service members, military veterans, and their families. However, they aren’t Credible partner lenders.
Navy Federal Credit Union
If you have bad credit, you may have a better chance of qualifying for a loan from a credit union than a traditional bank. That’s because credit unions typically aren’t as strict with their requirements. Navy Federal Credit Union offers membership to veterans, active-duty military, Department of Defense civilian employees, and their family members.
Navy Federal Credit Union offers loan amounts up to $50,000 and loan terms of five years for a personal loan. It also offers home improvement loans with loan amounts up to $30,000 and loan terms as long as 15 years. You can expect funds as soon as the same day.
USAA
USAA offers membership to military service members, veterans, and their families. You can take out loans up to $100,000 and repayment terms range from one to seven years. Funds can be deposited into your account within two business days after documents have been verified.
Loans for veterans with good credit
If you have a credit score of 670 or higher, these are the best lenders to consider:
Loan Amount
$5000 to $100000
Min. Credit Score
Does not disclose
No fees required
Large loan amounts available
Autopay and direct pay discounts
Same day funding
Long loan terms available
Good credit required
5,000 minimum loan amount
Overview
SoFi stands out for offering no-fee personal loans with competitive rates, high loan amounts, long loan terms, discounts for autopay and direct pay, and funding as soon as the same day. Plus, SoFi prioritizes convenience for existing and potential customers with features like live chat and an easy prequalification process that doesn't require your Social Security number. Once you have a loan with SoFi, you may be eligible for unemployment protection and unemployment assistance.
The main catch is that you need to qualify for a loan with SoFi, which can be hard to do if you don't have good credit. You also won't be able to apply with a cosigner, since SoFi doesn't accept cosigners; nor does it offer secured personal loans.
Fees
Option to pay an origination fee (up to 6%) in exchange for a lower rate
Time to get funds
Typically within a few days, given approval and bank account verification, but sometimes within the same day
Loan uses
Solely for personal, family, or household uses
Best for no origination fees (and low rates)
Loan Amount
$2500 to $40000
Low minimum APR
May fund the next business day
Long loan terms available
Direct pay to creditors
No origination fee
No discounts offered
Secured loans not available
Overview
Discover Personal Loans offers low APRs, repayment terms up to seven years, no origination fees, nationwide availability, and doesn't require your Social Security number to prequalify on its site. You'll need to have an annual income of at least $40,000, and a FICO score 660 or higher, to be eligible. If your credit score is fair or poor, you'll need to go elsewhere, as Discover doesn't allow cosigners.
Funds are available as soon as the next business day after loan approval.
Eligibility
Available in all 50 states
Time to get funds
Funds can be sent as soon as the next business day after acceptance
Loan uses
Auto repair, credit card refinancing, debt consolidation, home remodel or repair, major purchase, medical expenses, taxes, vacation, and wedding
Best home improvement loans and low rates
Loan Amount
$5000 to $100000
Same-day funding available
High maximum loan amount
No origination fee
Good credit required
No prequalification process
Not available in Vermont
Overview
Lightstream is one of three Credible partner lenders to offer loan amounts up to $100,000, which makes it ideal for financing large expenses like home improvements or weddings. Funds are available as soon as the same day you apply, and you'll have up to 12 years to repay certain types of loans, including home improvement loans, RV loans, and boat loans. There are no origination fees, and rates are low — Lightstream's lowest APR beats SoFi's advertised lowest APR by 1 percentage point. But you'll need good credit to qualify.
Unlike most lenders, Lightstream does not let you prequalify on its site. Nor does it provide a contact phone number next to its customer service hours on its website.
Repayment terms
2 - 12 years, depending on loan purpose
Eligibility
Available in all states except RI and VT
Time to get funds
As soon as the next business day
Loan uses
Credit card refinancing, debt consolidation, home improvement, and other purposes
High Close Rates if Pre-approved
Loan Amount
$2000 to $50000
Secured loans available
Low minimum income requirement
Scored second in J.D. Power's Consumer Lending Satisfaction Study
Funds in 1-3 business days
High close rate on loans through Credible platform
Origination fees
No discounts
Not available in DC, IA, VT, or WV
Overview
Best Egg is a solid lender for a wide range of borrowers and, notably, scored second for personal loan satisfaction in J.D. Power's Consumer Lending Study. It offers competitive rates, reasonable loan terms and amounts, and personal loans for fair credit. You'll need a FICO score of at least 600 to qualify, but the lower your score, the higher your APR may be. The APR includes the interest rate and origination fees, which range from 0.99% to 8.99% with Best Egg.
Note that if you successfully prequalify with Best Egg, you may be more likely to be approved for the loan relative to other lenders you prequalify with. Based on Credible data, borrowers who chose to apply for a loan with Best Egg were more than twice as likely to be approved (relative to most other Credible partners).
Fees
Origination fee, late fee, unsuccessful payment fee, check processing fee
Eligibility
Available in all states except DC, IA, VT, and WV
Time to get funds
As soon as 1 to 3 business days after successful verification
Loan uses
Credit card refinancing, debt consolidation, home improvement, and other purposes
Loan Amount
$1000 to $40000
Mobile app
Low minimum income requirement
High close rate on loans made through Credible
Available in all states
Origination fee
No discounts
Funding not as fast as some competitors
Overview
LendingClub is a solid lender for good credit borrowers and some fair credit borrowers that apply directly on its website. It's easy to prequalify with LendingClub, especially if you're uncomfortable providing your Social Security number, as the company doesn't require it at the prequalification stage. (You will need to provide it if you move forward with a full application.)
While prequalification is not a guarantee that you'll be approved for a loan, LendingClub does a better job than most other Credible partner lenders at approving applicants that have successfully prequalified. In other words, you're less likely to have your application declined once you apply (if you've already prequalified). LendingClub may charge an origination fee between 3% and 8%.
Eligibility
Available in all 50 states
Loan uses
Debt consolidation, paying off credit cards
Loans for veterans with bad credit
You can find lenders who specialize in bad credit loans, but you’ll likely receive a higher APR.
Loan Amount
$1000 to $50000
Fair credit borrowers eligible
Autopay and direct pay discounts
Can fund in as little as 1 business day
Mobile app
Secured loans available
High maximum origination fee
Cosigners not accepted on home improvement loans
Low J.D. Power ranking
Overview
Upgrade has a suite of features that make it a very attractive lender: competitive interest rates, discounts for direct pay and autopay, as soon as same-day funding, up to seven-year repayment terms, and nationwide availability. Plus, loans are available to fair-credit borrowers, and you don't need to input your Social Security number to prequalify on the website. Upgrade even offers secured personal loans, which is not common among lenders.
However, Upgrade does charge an origination fee of 1.85% to 9.99%. You must have a FICO score of at least 600 and a minimum income of $25,000 annually to qualify.
Loan amount
$1,000 to $50,000 ($3,005 minimum in GA; $6,600 minimum in MA)
Loan uses
Credit card refinancing, debt consolidation, home improvement, major purchase, other
Best debt consolidation loans for bad credit
Loan Amount
$1000 to $50000
Borrowers with bad credit considered
No minimum income requirement
Autopay and direct pay discounts available
Can fund in one business day
High APRs
Potentially high origination fees
Not available in Iowa
Overview
Universal Credit is one of a handful of lenders that offers personal loans for bad credit. If your FICO credit score is at least 560, you may be eligible for a Universal Credit personal loan. It offers loan amounts up to $50,000, repayment terms up to seven years, and discounts for direct pay and autopay. Funds are available as soon as the next business day after loan approval.
Note that rates and fees can be relatively high — you may pay an origination fee from 5.25% to 9.99%, and APRs start at 11.69%. If you get a loan with a high interest rate, consider refinancing your personal loan at a lower rate once you've improved your credit score.
Eligibility
A U.S. citizen or permanent resident; not available in DC, IA, SC, WV
Time to get funds
As soon as 1 business day after acceptance
Loan uses
Debt consolidation, pay off credit cards, home improvements, unexpected expenses, home and auto repairs, weddings, and other major purchases
Best bad credit personal loans
Loan Amount
$1500 to $20000
Borrowers with poor credit may be eligible
Secured loans available
Allows cosigners
Can fund as soon as one business day after approval
High minimum APR
Process not 100% digital
Not available in AK, AR, CT, DC, MA, RI or VT
High maximum origination fee
Overview
OneMain Financial has multiple options for bad-credit personal loans. There is no minimum credit score required (if you apply directly with OneMain), which means you could get a loan with bad credit (FICO below 580). Plus, cosigners are allowed — a cosigner is someone (ideally, with good credit) who promises to repay the loan if you can't, which can make it easier to qualify or lower your rate. And, secured personal loans are available. You secure a loan with collateral, which may also help you qualify or lower your rate.
Rates are higher than competitors and OneMain charges origination fees as either a flat fee up to $500, or a percentage from 1% to 10% (depending on your state of residence). Note that even if you prequalify for a personal loan with OneMain, getting approved isn't a given.
Fees
Origination fee, unsuccessful payment fee, late fee
Eligibility
Must have photo I.D. issued by U.S. federal, state or local government
Time to get funds
As soon as 1 to 2 days after acceptance
Loan use
All except business, and education
Best fast personal loans for all credit types
Loan Amount
$1000 to $50000
May fund in 1 business day
No minimum credit score requirement on lender site
Low minimum APR
Trustpilot score of 4.9/5 stars
May charge a high origination fee
No discounts offered
Overview
Upstart has one of the lowest available APRs of Credible partner lenders and of all non-partners we reviewed, making it a good choice for well-qualified applicants. However, it's also is one of few lenders that doesn't have a minimum credit score requirement (if you apply on the lender's website), which makes it an option if you have bad credit or no credit history. Upstart may charge an origination fee as high as 12%, but good-credit borrowers may not be charged one at all.
Trustpilot gives Upstart 4.9 stars, which is the highest of all lenders we reviewed.
Time to get funds
As soon as 1 to 3 business days
Loan uses
Pay off credit cards, consolidate debt, relocate, make a large purchase, and other purposes
Best for all credit types
Loan Amount
$2000 to $35000
Borrowers with bad credit considered
Funds as soon as the next business day
1-year loan terms available on Avant's website
No discounts offered
Origination fee
Not available in HI, IA, MA, ME, NY, VT, or WV
Overview
Avant personal loans are a good choice for borrowers with bad credit looking for small- to moderate-sized personal loans. Loans are available up to $35,000 and you could get the money as soon as the next business day after approval. Plus, Avant is more likely than some lenders to approve the applications of borrowers who've prequalified with Avant. However, the lender charges an origination fee up to 9.99%, and its top-range interest rates are among the highest of the lenders we reviewed.
Fees
Origination fee, late fee, dishonored payment fee
Eligibility
Available in all states except HI, IA, MA, ME, NY, VT, and WV
Time to get funds
As soon as the next business day (if approved by 4:30 p.m. CT on a weekday)
Loan uses
Debt consolidation, emergency expense, life event, home improvement, and other purposes
Repayment terms
1 to 5 years (2 to 5 years through Credible)
Related: Best Bad Credit Loans
Methodology
Credible evaluated the best personal loan lenders for veterans based on factors such as customer experience, minimum fixed rate, maximum loan amount, funding time, loan terms, fees, discounts, and whether cosigners are accepted. Credible’s team of experts gathered information from each lender’s website, customer service department, in-house resources, and via email support. Each data point was verified to make sure it was accurate at the time of publication.
Learn more about how Credible rates lenders by exploring our Personal Loans Lender Rating Methodology.
Compare personal loans for veterans
When comparing personal loans, there are several factors to look out for, including:
- APR: The APR represents the total cost of borrowing, including the interest rate and upfront fees, expressed as a percentage. It’s more common for lenders to show the APR than just the interest rate and can be a better tool for comparison purposes. The average APR on a 24-month personal loan was 12.49% in February 2024, according to the latest data from The Federal Reserve.
- Loan amounts: Personal loan amounts vary by lender but can be between $1,000 and $100,000 or more. You should choose a loan amount based on your needs. For example, if you want a debt consolidation loan, you may want a personal loan that covers the amount of your debt. The loan amount you qualify for depends on the lender, your credit score, and your income.
- Repayment terms: Review the repayment terms, such as the amount of time you have to repay the loan, payment frequency and amount. Generally, loans with longer repayment periods have lower monthly payments but may cost you more in interest over time. Common terms can range from one to seven years.
- Fees: Loan origination fees, late fees, and returned payment fees are a few costs to consider. You may want to choose a loan with minimal fees, as they can add to the overall cost. Origination fees can be 1% to 12% of the loan, depending on the lender.
- Cosigner option: Some personal loans allow you to add a cosigner to your application to boost your approval odds. This is especially helpful for veterans with bad credit who might have trouble qualifying for a personal loan on their own. However, keep in mind that a cosigner can be responsible for making payments if you default.
- Secured or unsecured: Personal loans can be secured or unsecured. Secured loans require collateral, like your house or car, to secure the loan. However, if you default, the lender can seize your collateral to recoup their money. Unsecured loans don’t require collateral, but they typically have a higher APR as a result.
- Time to fund: The time it takes to receive personal loan funds after approval varies by lender but can generally take anywhere from one day to one week. Some lenders can even offer same-day funding.
- Lender reputation: It’s best to choose a lender with a good reputation, especially in terms of fee transparency, security, and customer service. You can get a good idea of a company’s reputation by looking at its customer reviews. Trustpilot and Better Business Bureau (BBB) are good resources to check.
How to qualify for veteran loans
Veterans may need to meet certain eligibility requirements to qualify for personal loans. Eligibility criteria vary by lender but can generally include:
- Credit score: Your credit score is a three-digit number, typically between 300 and 850, that represents your credit profile. Your credit score is one of the main factors lenders look at to decide whether to lend you money, but exact credit score requirements can vary by lender. If you have a good credit score, you may generally have the best approval odds and qualify for the lowest APRs.
- Income: Some lenders have minimum income requirements to qualify for personal loans. For example, Upstart requires borrowers to have a minimum income of $12,000. You may be asked to verify your income with pay stubs or bank statements as part of your loan application.
- Debt-to-income ratio (DTI): Your DTI represents the portion of your gross monthly income that’s used to pay debts. Lenders use your DTI ratio to determine if you can afford an additional loan payment. A high ratio means more of your income is going toward debts, while a lower ratio means you have fewer debt payments. Most lenders prefer a DTI of 35% or less.
How to get a personal loan for veterans
Here are general steps you can take to get a personal loan.
- Check your credit: You can check your credit before comparing lenders by visiting AnnualCreditReport.com for a free credit report. If you find any errors, you can report them to the credit bureaus and potentially improve your score.
- Compare lenders: Comparing personal loan lenders is crucial because APRs, repayment terms, loan amounts, and eligibility requirements can vary widely between companies. The best personal loan lenders can offer flexible loan terms, reasonable APRs, and low fees.
- Prequalify: Some lenders offer the ability to prequalify for personal loans, which won’t impact your credit score. But applying for the loan may. Prequalification gives you an idea of the potential loan amount and rate you may qualify for, but doesn’t guarantee approval. Prequalification is not an offer of credit, and your final rate may be different.
- Pick a loan option: Choosing the right loan involves understanding your financial situation and specific funding needs. For example, if your priority is getting cash as quickly as possible, a lender with same-day funding might be right for you.
- Complete the application: Personal loan applications vary slightly between lenders, but generally ask for your personal information, such as your name, date of birth, contact information, and income. You can complete your application online or in-person at a branch, depending on the lender. Once you formally apply, the lender will run a hard credit pull to confirm the information on your application before making a final lending decision. This can temporarily impact your credit score.
- Get your funds: If you’re approved for a loan, the next step is to get your funds. Depending on the type of loan, the money might be delivered directly to your checking account. If you’re getting a debt consolidation loan, the money may be sent directly to your creditors. Expect funds to arrive as soon as the same or next business day.
Keep Reading: How To Get a Personal Loan
Pros and cons of personal loans for veterans
There are pros and cons to consider with personal loans for veterans.
Pros
- Fast funding
- Long repayment terms
- Can have large loan amounts
- Options for borrowers with bad credit scores
- Lower average APRs than credit cards
Cons
- Can be difficult to get approved for a loan if you have bad credit
- Some loans may have higher fees than others
- Unsecured loans have higher APRs
- Collateral is required for secured loans
Alternative financial options for veterans
Aside from personal loans, there are other financial resources available for veterans to tap into:
The National Veterans Foundation
The National Veterans Foundation offers a vet-to-vet helpline for veterans and their families to learn about available benefits and resources, such as education funding and VA home loans. The foundation also has a job board to help connect veterans to employment opportunities.
Coalition to Salute America’s Heroes
This nonprofit organization provides various resources, such as emergency financial aid and employment resources to veterans. If you’re struggling to afford your mortgage, utility bills, groceries, or other urgent expenses, you can fill out this application form to be considered for aid.
Department of Veterans Affairs
The U.S. Department of Veterans Affairs is your home base for veteran-related information and resources. The website can help direct you to VA resources in your community.
211
Depending on your area, you can contact 211 to be connected to essential veterans services and resources in your community.
Veterans of Foreign Wars
Veterans of Foreign Wars, perhaps better known by its acronym, VFW, is the nation’s oldest major war veteran’s organization. It offers various services, such as benefits counseling, financial assistance, and help filing VA claims.
Personal loans for veterans FAQ
Can veterans with bad credit get a personal loan?
Veterans with bad credit can get a personal loan, but it might be more challenging. The first step is to check your credit score. Once you know your score, you can use online loan comparison tools to search for loans in your credit score range. You can visit AnnualCreditReport.com for a free credit report and report any errors to potentially boost your score.
Are there any benefits or discounts for veterans when applying for a personal loan?
Some lenders may offer additional benefits and discounts for veterans. For example, Navy Federal Credit Union provides 0.25% APR off on select loans for veterans and active-duty military members.
Where to get personal loans for veterans?
Personal loans for veterans are available at traditional banks, online lenders, and credit unions.
What credit score is required for veterans?
It varies from lender to lender. Some companies may not have minimum credit score requirements, while others may require a score in the 600s or 700s. To qualify for personal loans with the best rates and terms, you may likely need a credit score in the good or excellent range (generally 670 or higher.)
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Meet the expert:
Theresa Stevens
Theresa Stevens is a personal finance writer based in Boston. Her areas of specialty include credit cards, banking, and insurance. She has written for various personal finance websites, such as Forbes Advisor, Bankrate, and USA Today Blueprint.
When she's not writing, Theresa enjoys live music, traveling, and cozy days at home with her husband and dog.
