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Omni Financial handles delivery much quicker. Generally speaking, an emergency financial assistance loan from AER takes at a bare minimum 48 hours between the time your application is processed and you actually obtain the funds. Get cash super fast: In an emergency situation, every second counts.Our AER loan alternatives can also be used for expenses you may incur while on regular leave. At Omni Financial, we say it’s your money – you should be able to use it the way you want to. For example, AER prevents you from using the proceeds for debt consolidation, credit card bills or for vacationing purposes. No limits on what the loan can fund: The AER office is very particular about what the proceeds of an AER loan can and cannot go toward.

#OTHER PLACES LIKE ARMY AER FREE#

Additionally, those in the Marine Corps, Army National Guard, Navy, Air Force and Coast Guard are free to apply. Omni Financial accepts applications from all active duty service members as well as career retired soldiers. Newly minted soldiers – those with 12 months or fewer in the service – are ineligible, as are soldiers and families who have made a loan or grant request within the previous year. More far-reaching eligibility: AER is notoriously strict in regard to who can and cannot apply for an emergency relief loan.We specialize in speed, so we only request very basic billing or repair estimates. Minimal documentation necessary for approval: A classic AER loan tends to be more strict in terms of what documents you need to verify the expense.This is one of several aspects of Army Emergency Relief loans that can make them difficult to navigate and be deemed eligible for, which may make Omni Financial a better alternative. There is no floor or ceiling on how much you can borrow, so long as you can come up with the financial statements, documents or bills that corroborate the nature of the financial emergency. Made possible through generous donations, which frequently come from service members as well as charitable aid societies throughout the U.S., AER loans are interest-free and can be used for a variety of costs that may be unexpected in nature, such as for late car payments, repairs, funeral expenses, medical bills and emergency travel, among others. What is an AER loan and how does it work?Īvailable through the nonprofit organization Army Emergency Relief (AER), an AER loan is borrowed funds designed exclusively for active-duty soldiers and their dependents. Omni Financial offers a convenient, inclusive AER loan alternative that can help support you in crisis situations that require cash fast.

In short, AER assistance may not be an available option in all cases of emergency. An Army Emergency Relief loan can provide emergency financial assistance, but only if you qualify and/or the structure of the loan meets your needs. Whether you have family members to support or you live on your own, emergencies can happen to anyone and at any time, including active-duty or career retired soldiers or officers such as yourself. Army Emergency Relief (AER) Loan Army Emergency Relief (AER) Loan

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