According to Investopedia, “personal loans are typically designed for anyone to apply, not just veterans” or their eligible spouses. While this is broadly true, at The Federal Savings Bank we believe it is our mission to support the families of the heroes who protect our country. The Federal Savings Bank is proud to offer veteran personal loans, and we are proud to stand apart from the field to support our veterans in this way.
I’m the Surviving Spouse of a Veteran. Do I Qualify for a Veteran Personal Loan at The Federal Savings Bank?
Here’s the short answer – if you qualify for a Veteran Affairs (VA) loan it is possible that you will qualify for a veteran personal loan offered by The Federal Savings Bank. Just as for non-veterans, these funds might be used for whatever means you see fit. Whether or not you qualify will depend on a number of factors, including the length of your spouse’s service.
Personal loans for military spouses or surviving spouses of veterans could be an excellent resource for managing your existing debt or for covering sudden expenses. So long as they meet certain qualifying criteria, veteran borrowers and their spouses could be eligible for veteran personal loans.
How Else Can I Lower the Costs of my Personal Loan?
Some lenders may offer additional discounts that you may be able to apply to your unsecured personal loan, such as a discount for customers who turn on AutoPay to make their personal loan payments from their checking accounts. Returning personal loan borrowers may also be eligible for a discount on their veteran personal loan. Your loan officer should be a resource to you while you plan for your financial future.
Get in touch with The Federal Savings Bank today to learn more about unsecured personal loans, or speak with one of our loan officers who are ready to help you begin the process today.
Subject to credit approval. Terms and conditions may apply. Subject to VA eligibility requirements. Property insurance is required on all loans secured by property.
This article is intended for general informational and educational purposes only and should not be construed as financial or tax advice. For more information on financial planning or investment advice, consult a registered investment advisor or financial planner. For tax advice, please consult a tax professional.
This information is intended for educational purposes only. Products and interest rates subject to change without notice. Loan products are subject to credit approval and include terms and conditions, fees and other costs. Terms and conditions may apply. Property insurance is required on all loans secured by property. VA loan products are subject to VA eligibility requirements. Adjustable Rate Mortgage (ARM) interest rates and monthly payment are subject to adjustment. Upon submission of a full application, a mortgage banker will review and provide you with the terms, conditions, disclosures, and additional details on the interest rates that apply to you individual situation.
