Best Military Personal Loans in 2026
Personal loans with low rates, better terms and perks for military members
| Lender | Best for | APR | Term | Amount | |
|---|---|---|---|---|---|
|
Military loans with repayment assistance | 7.99% to 24.99% | 36 to 84 months |
$2.5k – $40k |
|
|
Military loans for bad credit | 7.23% to 24.00% (Test) | 12 to 84 months | Up to $125M |
Read more about how we made our picks for the best military loans.
Best military personal loans at a glance
Best for: Military personal loans with repayment assistance – Discover
- APR
- 7.99% to 24.99%
The APR ranges from 7.99% to 24.99% APR based on creditworthiness at time of application. Loans up to $35,000. Fast & Easy Process. Terms are 36 to 84 months. No prepayment penalty. This is not a firm offer of credit. Any results displayed are estimates and we do not guarantee the applicability or accuracy to your specific circumstance. For example, for a $15,000 loan with an APR of 10.99% and 60 month term, the estimated monthly payment would be $326. The estimated total cost of the loan in this example would be $19,560.
Test
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test
- Willing to work with you if you’re having trouble making payments
- No fees
- Customer service is based in the U.S. and is available seven days a week
- Hard to qualify for
- Can’t get a loan with another person
Discover offers repayment assistance programs to get you back on track if you’re having trouble making payments on your military loan. Plus, its U.S.-based loan specialists are available until 11 p.m. Eastern time on weekdays and 6 p.m. on weekends if you have questions.
Borrowers with bad credit are typically not eligible for a Discover loan, and you can’t add a co-borrower, either.
You’ll need to meet these eligibility criteria to get a Discover loan:
- Age: Be at least 18
- Citizenship: Have a Social Security number
- Administrative: Have a physical address, an email address and internet access
- Income: Minimum income of $40,000 (individually or as a household)
- Credit score: +
Best for: Military personal loans for bad credit – Upstart
- APR
- 7.23% to 24.00%
The full range of available rates varies by state. A representative example of payment terms for a Personal Loan is as follows: a borrower receives a loan of $10,000 for a term of 60 months, with an interest rate of 21.58% and a 9.84% origination fee of $984, for an APR of 26.82%. In this example, the borrower will receive $9016 and will make 60 monthly payments of $275. APR is calculated based on 5-year rates offered in December 2023. There is no downpayment and no prepayment penalty. Your APR will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will be approved.
QA Test
- Might still qualify with bad credit
- Borrow as little as Not specified
- May charge a high upfront fee
- Bad-credit loans can be helpful, but they usually have high rates
- Only offers two repayment lengths (12 or 84 months)
Upstart isn’t military-specific, but this lending platform does serve non-traditional borrowers, including those with lower credit scores. If you need a bad-credit loan, you can qualify with Upstart with low or no credit. But watch out for Upstart ’s rates. If you have bad credit, you’ll likely pay rates close to 36%.
If you have excellent credit, lenders on the Upstart platform offer some of the most competitive starting interest rates. That said, Upstart may charge you a high upfront loan processing fee called an origination fee.
Upstart has transparent eligibility requirements, including:
- Age: Be 18 or older
- Administrative: Have a U.S. address, personal banking account, email address and Social Security number
- Income: Have a valid source of income, including a job, job offer or another regular income source
- Credit-related factors: No bankruptcies within the last three years, reasonable number of recent inquiries on your credit report and no current delinquencies
- Credit score:
What to know about military personal loans
Whether you’re looking to consolidate debt or you need cash for an unexpected expense, a personal loan can help you get back on your feet (when used responsibly).
Lenders like and specialize in serving military members, but members of the armed forces can get loans from any lender as long as they follow the rules in the Military Lending Act (MLA).
Some special rules and benefits apply to loans for military members and their eligible dependents. Here’s what you need to know:
| Loans opened during service | Loans opened pre-service |
|---|---|
Under the MLA, loans offered to active-duty military members, their spouses and certain dependents must not:
| The Servicemembers Civil Relief Act (SCRA) can help active-duty military (and at times, their dependents) by:
|
The MLA applies to most installment loans. This list of benefits and protections is just a general guideline. For more information regarding your specific situation, contact a legal professional who is well-versed in military law.
Applying for a military personal loan
Although the process of applying for a personal loan is similar for military members and civilians, there are two key differences:
- Some loans will not be available to you because of MLA restrictions, so your pool of potential lenders may be smaller. For instance, many no-credit-check loans come with APRs above 36%, making them unavailable to active military members.
- You’ll need to provide proof of service if you’re applying for a loan only open to military members. This may include providing information about your branch, rank and date of service.
How to compare military loans with LendingTree
When every dollar counts, comparing your options can make a big difference. LendingTree users can save around $1,659 on average by reviewing at least six personal loan offers and choosing the one with the lowest rate. Here’s how.
Tell us what you need
Take two minutes to tell us who you are and how much money you need. It’s free, simple and secure.
Shop your offers
LendingTree users get 11 personal loan offers on average. Compare your offers side by side to get the best deal.
Get your money
Pick a lender and sign your loan paperwork. You could see money in your account in as soon as 24 hours.
Grants for veterans and other financial assistance
The MLA and SCRA provide protections for active-duty military, but they don’t apply to personal loans for veterans. For that reason, it’s especially important for veterans to ensure they aren’t taking out a loan with predatory rates and terms.
When personal loans aren’t an option, veterans can find financial help through nonprofit organizations and government programs.
If you think you may be eligible for VA benefits but are having a hard time navigating the system, make an appointment with your local Veteran Service Officer (VSO). A VSO’s main duty is to help veterans find and use their benefits.
Operation First Response
Open to: Disabled veterans, first responders and their families
Disabled veterans and their families can get financial assistance through Operation First Response. This charity’s Family Assistance Program provides funds for groceries, utility bills, mortgage payments and other everyday items.
USA Cares
Open to: Post-9/11 military members and their families
USA Cares provides emergency financial assistance for military members who served after 9/11. This organization also focuses on getting veterans set up for a successful post-military life by providing career transition training.
VFW’s Unmet Needs
Open to: Active-duty servicemembers and their families
Active-duty servicemembers experiencing financial hardship due to deployment or military-related activity and/or injury could qualify for a grant of up to $2,500 through VFW’s Unmet Needs program. These funds can be used for “daily necessities,” which could include mortgage payments, child care, vehicle repairs and other expenses.
HUD-Veterans Affairs Supportive Housing
Open to: Homeless veterans and their families
The United States Department of Housing and Urban Development (HUD) has partnered with the Department of Veterans Affairs (VA) to create the HUD-Veterans Affairs Supportive Housing program, otherwise known as HUD-VASH.
HUD-VASH helps homeless veterans and their families by providing housing assistance through a dedicated case manager.
How we chose the best military loans
We reviewed more than 40 lenders and loan marketplaces to determine the overall best seven military loans. To make our list, lenders must offer personal loans with competitive APRs. From there, we prioritized lenders that cater to military members.
From there, we assessed each lender across four categories: eligibility and access; cost to borrow; loan terms and options; repayment support and tools.
According to our systematic rating and review process, the best military loans come from Navy Federal Credit Union, USAA, Achieve, Discover, LightStream, SoFi and Upstart.
While they didn’t make our shortlist, Omni Military Loans, Armed Forces Bank and Service Credit Union offer loans specifically for military members.
Our categories
We assess how easy it is for people to qualify and apply. This includes state availability, soft-credit prequalification, membership requirements, funding speed and whether borrowers with less-than-excellent credit can get a loan.
We evaluate how affordable the loans are based on minimum and maximum APRs, loan fees and rate discounts. Lenders with unclear or potentially predatory costs receive lower scores.
We consider repayment term flexibility, loan amount ranges and whether options like secured loans, joint loans or direct-to-creditor payments are offered — plus whether the lender clearly communicates these options.
We evaluate borrower experience after funding: customer service access, hardship or forbearance programs, payment flexibility and digital tools like mobile apps or credit monitoring.
Our process
We gather data directly from lenders through their websites, disclosures and direct communication with company representatives. Our editorial team verifies and updates information regularly. We value transparency and award less favorable scores when lenders obscure or omit details.
Our editorial team applies the same scoring model and standards to every lender. Lenders cannot pay to influence our ratings. Read more about our editorial guidelines.
Why trust LendingTree’s methodology
Our writers and editors dig through the facts, contact lenders directly and even go through the application process ourselves if it helps better explain what you can expect. As a Certified Financial Education Instructor℠, I’m committed to breaking down complex financial details so people can make confident, informed decisions with their money.
Jessica’s experience in editing and financial education helps shape LendingTree articles that are clear, accurate and truly useful to readers. Her certification means our recommendations are built on a foundation of consumer-first financial knowledge — not just numbers.
Frequently asked questions
You can get a loan in the military, as long as the lender follows the MLA. That means you aren’t allowed to get a loan that has a rate higher than 36%, and lenders can’t charge you prepayment penalties.
If you’re looking to get a loan from the military, note that the VA itself doesn’t provide personal loans (just home loans).
Regardless of your military status, the credit score you need for a personal loan varies from lender to lender. Upstart is a good lender to start with if you have bad credit. It only requires a credit score of , and it waives its credit requirements for eligible college students and grads. Upstart also caps its rates at 24.00%, so it falls under MLA guidelines.
The Military Lending Act makes it illegal for lenders to offer loans with interest rates above 36% to members of the military. Since payday loans come with high rates, military members can’t get them.