USAA members can get Personal Loans up to $50,000, but if you don’t qualify for a USAA membership then you’ll need to find a different loan provider. For a Small and Flexible Personal Loan check out the Check City Personal Loan where no membership is required!
USAA Membership Requirements: USAA membership eligibility depends on who you are since USAA memberships are only available to certain people. In order to qualify for a USAA membership you must be one of the following:
- Active duty officers
- National Guards
- Reserve officers
- Officer candidates in commissioning programs
- Enlisted personnel
- Spouse of a USAA member
- Adult children of a USAA member
Personal loans are often used in financial emergencies when you suddenly need funds to pay for bills and other unexpected expenses. Because of this it’s a good idea to shop ahead of time for the loan provider that best fits you and your needs so you’re not making any rushed decisions when it comes to your loan options. After all, you have your own requirements for the perfect personal loan.
USAA Personal Loans: A Quick Look
A personal loan from USAA can be anywhere from $2,500 to $50,000 with an APR range between 8.99% and 18.00%. USAA personal loans have no origination fee, no application fee, and no early repayment fees. USAA members with a personal loan can get loan terms between 1 and 7 years. USAA personal loans are most often used for home repairs or improvements and emergency bills.
Maximum Personal Loan: $50,000
Minimum Personal Loan: $2,500
Rates: 8.99% to 18.00% APR
Fees: no origination fee, no application fee, no prepayment fee
Terms: 12 to 84 months (1 to 7 years)
When: you can get your loan funds as soon as 24 hours after application approval
Basically, USAA personal loans are a great loan choice for USAA members. They are a medium sized personal loan with flexible loan repayment terms. They also offer lower rates for their members, making this loan a good option for anyone who already has a USAA membership and needs a loan for emergency expenses.
Who are USAA Personal Loans Perfect For?
The USAA personal loan is great if you already have a membership with USAA and have some sudden expenses you need to take care of. They are most often used for making home improvements or taking care of home repairs. If you meet USAA’s membership requirements, and just need a loan to help with the house or other unplanned bills, then this loan may be perfect for you. Here are some other indicators that you should get a USAA personal loan:
- If you already have a USAA membership
- If you have good credit
- If you need a large loan amount
- If you want a longer loan term option
Who Should NOT Get a USAA Personal Loan?
A membership with USAA comes with special requirements that not everyone can meet. USAA memberships are available to anyone serving (or those who have served in the past) in the U.S. Air Force, Army, Coast Guard, Marines, Navy, National Guard, or Reserves, and to close family members. If you don’t qualify for a USAA membership or you can’t afford a hard credit pull loan application, then consider a personal loan with Check City instead. Here are a few more reasons you should think about a Check City personal loan instead of a USAA personal loan:
- If you need a small loan
- If you want to pay back the loan in 6 months
- If you don’t qualify for a USAA membership
- If you need same day funds
- If your credit score can’t afford a hard credit pull
USAA Personal Loans Pros and Cons List
|Flexible terms||Hard credit pull that will affect your credit score|
|No fees||Must be a USAA member|
An Alternative to USAA Personal Loans
USAA personal loans may not meet your requirements as a loan customer. If this is the case for you then check out the Check City personal loan! It might be exactly what you’re looking for.
Reasons to Get a Check City Personal Loan:
- Check City is a direct lender
- Check City is a state licensed lender
- Our application process is quick and simple
- You can still apply if you have a low credit score
- No origination fees
- Get your loan TODAY
- You can pay back your loan in 6 months
How to Apply for a Check City Personal Loan
The application process for a Check City Personal Loan is fast and simple. All you have to do to apply for a personal loan with Check City is go to our Personal Loan Page and fill out the application form on the side of the page. It only takes a few minutes! We have other loan application options available as well if you don’t want to apply online. You can also visit your local Check City store
or talk to a representative on the phone to apply.
What You’ll Need to Apply:
- A government ID
- Proof of bank account
- Proof of direct deposit
- Proof of income
- A valid phone number
Or call Check City’s Loans By Phone number: 800-404-0254
The online application for a Check City Personal Loan is incredibly easy to do, but if you want your funds even sooner, you can apply in person at a Check City store and walk out with your personal loan funds the SAME DAY! Our personal loans are perfect for anyone who needs a fast, small loan that you can pay off in a matter of months instead of years. Check City Personal Loans are also a helpful option for anyone with a low credit score, or who can’t afford a hard pull on their credit score right now, because we don’t use a traditional credit report when processing a loan application. If this personal loan option sounds right for you, don’t hesitate to give us a call, visit our website, or visit our stores and get your funds now.
LOAN COMPARISON CHART
|Check City Personal Loans||Discover Personal Loans||Wells Fargo Personal Loans||SoFi Personal Loans||American Express Personal Loans||USAA Personal Loan|
|Amount||$300 to $3,000||$2,500 to $35,000||$3,000 to $100,000||$5,000 to $100,000||$3,500 to $40,000||$2,500 to $50,000|
|Rates||lower APR than our payday loans||6.99% to 24.99% APR||5.49% to 22.99% APR||5.99% to 20.01% APR||6.90% to 19.98% APR||8.99% to 18.00% APR|
|Fees||no origination fees||no origination fees, no closing costs||no origination fees, no prepayment penalties||no fees||no origination fee, there are late fees||no origination, application, or prepayment fees|
|Terms||6 months||36 to 84 months (3 to 7 years)||12 to 84 months (1 to 7 years)||24 to 84 months (2 to 7 years)||12 to 48 months (1 to 4 years)||12 to 84 months (1 to 7 years)|
|Min. Credit Score||none||660||600||680||660||high credit score|
When you think of loans you often think about the requirements you need to meet in order for your application to get approved. But you have loan requirements too! Everyone is looking for something different in a personal loan, like the ability to refinance the loan later, or the ability to get the loan right away. You can find all these key qualities with a Check City Personal Loan!
Whatever your own personal loan requirements might be, you should always study up on what features each loan provides before making a choice.
Learn more about the usefulness of loans, “The Usefulness of Loans from Large to Small.”
Budget like a boss by reading, “Budgeting in 4 Easy Steps.”
*The information found in this article comes from the lenders’ websites and NerdWallet reviews at the time of posting.