porgie25 The United States Military Lending Corp (USMLC) is a privately owned corporation based in Las Vegas, Nevada. The corporation specifically deals with lending the military officers with loans ranging from $1,000 and $2500. The amount of money given to the applicant depends on the urgency as well as the rank and service offered by the military personnel. The Military personnel’s that are covered by the corporation include: Army, Navy, Marines, Coast Guard and Air Force. National Guards however are not covered by the plan.
How to Qualify
Any U.S Military personnel willing to apply for the loan MUST meet the following requirements.
-He/she must be a full time military personnel who has at least fifteen (15) months of remaining duty under his/her belt.
-Have a valid email address.
-Any bankruptcy proceedings available must be discharged for at least a year prior to the application.
How to Apply and Receive
Applications can be done online by simply filling up the application and sending it electronically as well as downloading the application form and filling it naturally and later sending it by fax or post office. Once the recipient has provided USMLC with the relevant information, he/she can start on the application process.
The applicant is required to log into the USMLC website and click on the “Apply Now” option. Once the “Apply Now” option is open, the applicant will be required to fill out the form which includes the amount requested, term of the loan, and reason for the loan application, us military lending corp service information and finally the personal information of the applicant.
Once the required spaces have been filled out completely and correctly, the applicant is then required to send the application electronically. After the application forms have been submitted, the applicant will be required to file his/her Leave and Earnings Statements (LES) and send them via fax or email address.
Bankruptcy files should also be filed and discharged for at least a year before the application. Once each and every required document have been submitted to USMLC, the loan documents will be emailed back to the applicant where he/she will be required to review, confirm and sign where applicable. Terms and conditions of the loan as well as the loan repayment method and time will be included in these documents.
Once the applicant has read, understood and signed the documents, he/she is required to mail them via post office to the company’s headquarters in Nevada. After USMLC has confirmed that everything is in order, the applied amount of loan will be wired via mail and wire transfer.
The amount of time required to receive the loan is usually 1 or 2 days maximum. An interest rate of 15.75% is charged as well as a loan fee based on the amount of loan applied for.
Benefits of Applying for the USMLC Loan
It’s easy to access the loans depending on your urgency.
A high chance of having your loan approved within the first day of application is highly guaranteed.
You have the choice to choose the best preferred way of receiving your money.
It’s easy and fast to apply for the loans.
Military personnel with bad credit can also receive the loans.
