How Military Loans Can Help with Disaster Relief
Military loans are available to members of the armed forces including Army, Navy, Air Force and Marine Corps. The loans can also help meet the needs of those associated with the effects of a disaster such as fire, hurricane, tornado or flood.
Loan Providers
A military loan is available through private lenders that provide amounts under guarantees made through the U.S. Department of Defense (DOD). Each branch of the armed forces sets limits as to the amount available through the loans and makes provisions for disaster relief loans to be provided to qualifying military families.
Reduced Strain on Service Member
Having this lending facility eases the burden of a military family and also provides relief for a service member, particular those who are serving in an overseas capacity. This relief reduces the emotional and psychological strain on a service member and gives peace of mind in knowing that their family members and loved ones are being taken care of.
