Military payday loans might seem like a good option when facing a financial emergency. AFAS, however, provides emergency assistance to military Airmen and Air Force familes when unexpected financial emergencies arise with no-interest loans and grants to help military families meet immediate needs and make a positive step toward a lasting financial solution.
Types of Assistance
AFAS Standard Assistance is an important alternative to a military payday loans and is intended to help Airmen stabilize emergency situations such as rental or utility emergencies with a substantial financial impact. The collaborative process includes establishing a budget for long term financial stability. Standard Assistance can be in the form of a no-interest loan, a financial grant or a combination of the two.
Another important alternative to military payday loans is the AFAS Falcon Loan. The Falcon Loan is an expedited, no-interest loan of up to $1,000. The streamlined application process allows for quick support when time and resources are limited. Many times military members turn to payday loans as a quick financial alternative. The Falcon Loan approval process is designed to provide quick emergency financial support when it is needed.
Which Loan Is Right For Me?
AFAS offers two distinct loans – Standard Assistance and Falcon Loans – to help cover a wide variety of potential emergency situations. Consider which loan is right for your situation before you start the application process.
What The AFAS Emergency Loans and Grants Can Help With
- Rental and utility bill emergency assistance
- Vehicle Expenses
- Emergency Travel
- Emergency Medical and Dental Expenses
- Child Care Expenses