Because of this, most
unsecured military loans carry a higher rate of interest than their secured counterparts.
The unsecured military loan relies simply on your honor and integrity to pay the lender - and therefore is seen as a greater risk to your lender or lending institution.
Not exact matches
In addition, all of these types of
military loans are
unsecured.
Most commonly,
military loans are written out as personal
loans, and can be either secured or
unsecured.
USAA, best known for offering insurance products to
military members, offers an
unsecured personal
loan of up to 48 months with an annual percentage rate as low as 12 percent for customers with an excellent credit history.