And because the perceived level of risk is so much smaller, the interest rate that is charged on military loans is much lower than
on civilian loans.
Not exact matches
Many Lenders Offering Military
Loans Many folks have taken dings
on their credit reports, service members, veterans and
civilians alike.
When military
loans to purchase cars are compared with the corresponding
civilian loans, there is little doubt that the best deals are available to service men and women, but there is still a condition to make repayments
on time.
Perhaps the most similar factor between military auto
loans and
civilian auto
loans is that the best deals are often found
on the internet.
Because the VA
loan program does not call for a down payment, has no minimum credit requirement and features relaxed qualifying standards, eligible active duty military members and veterans have a leg up
on their
civilian counterparts in terms of purchasing a home.
The quick and seemingly painless solution is the same one most
civilian students use: take
on a student
loan.