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Embarking on a new adventure with a military move can bring both excitement and challenges. Among these challenges, the relocation costs can often catch military families off guard. From packing supplies to temporary accommodation and unexpected fees, the costs of a PCS (Permanent Change of Station) move can quickly add up. However, there are several ways to relieve some of the financial pressure, including personal loans for moving expenses.
Keep reading to learn more about the factors that contribute to the expense of moving and how Armed Forces Bank Access Loans are tailored for military families. Using an access loan for moving expenses could be the right solution for you.
PCS moves entail various expenses that can put a dent in any military family's budget. Packing supplies are essential but can be costly, with items like bubble wrap and packing tape adding up quickly. Hiring professional movers may seem like a luxury, but their services come at a price, based on factors such as the distance of the move and additional services needed.
You can expect to be making many upfront payments as part of the moving process until DLA (dislocation allowance) kicks in. And it’s also true that, no matter how well you plan, there will likely be expenses that DLA just won’t cover.
While a VA Loan could help you buy your new home, a personal loan, such as the Armed Forces Bank Access Loan, may be a better choice for the incidental moving expenses that pop up.
These types of loans can be a lifeline for military families facing the financial strain of a PCS move. Personal loans offer versatility, allowing you to use the funds for various moving expenses, including hiring movers, purchasing packing supplies, and more.
One major benefit of personal loans is that they typically come with competitive interest rates, especially for borrowers with good credit scores. This can translate to lower borrowing costs compared to using credit cards or other high-interest financing options to cover moving expenses. By securing a personal loan with a favorable interest rate, you can save money on interest charges over the life of the loan. And this means you could reduce your overall moving costs.
When life throws unexpected expenses your way or you're ready to tackle those big dreams and plans, having access to quick and reliable funds can make all the difference. With Armed Forces Bank's personal loans tailored for military members, active duty, retired personnel, and existing bank customers, you can get the fast funding you need, when you need it.
Whether it's making a major purchase, paying off debt, home improvements, or filling in the financial gaps during a PCS move, Armed Forces Bank is here to support you every step of the way.
We’re proud to offer fast approvals, easy funding, and flexible credit options to ensure you get the money you need when you need it. With our online application process, you can apply in minutes, see instant approval status, and receive and accept your personal loan offer – all from the comfort of your own home.
Keep in mind that direct deposit is required for this loan. There is also an origination fee of 10% of the loan amount or $100 – whichever is less.
Our personal loans offer a range of benefits designed to meet the unique needs of military members and their families:
As a family-owned military bank with a rich history of serving military personnel, spouses, and their families since 1907, Armed Forces Bank is committed to providing personalized service and support to our valued customers. Our unsecured personal loans come with flexible terms and no early repayment fees, ensuring you can access the cash you need without breaking your budget.
Existing customers can apply online in just minutes. We invite new customers to contact one of our expert loan advisors.
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Subject to credit approval. Restrictions Apply. Direct deposit relationship required. Origination fee, 10% or $100 whichever is less. Annual Percentage Rate (APR) is based on credit score. Only one personal loan allowed to any borrower at any time. Loan terms are based on the loan amount.