Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our opinions or reviews. Learn how we make money.

Omni Financial military loans review

Last updated:  

It claims to support servicemembers, but take caution with poor reviews.

Founded by a World War II vet who understands the unique needs of servicemembers, Omni Financial may be able to help with a short-term installment loan — but negative customer reviews raise many red flags.


Max. Loan Amount

Up to 35.95%



Product NameOmni Financial military loans
Min. Loan Amount$500
Max. Loan Amount$10,000
APRUp to 35.95%
Interest Rate TypeVariable
Loan Term6 months to 3 years

What type of lending will I find at Omni Financial?

Omni Financial offers short-term installment loans to members of the military. Loans start as low as $500 and can reach up to $10,000, depending on your creditworthiness.

You’ll have from 0.5 years to 3 years to repay what you borrow, and interest rates top out at Up to 35.95% — just under the 36% cap imposed by the Military Lending Act. You won’t pay a fee to apply or receive your funds, but Omni may charge origination, late and prepayment fees on your loan.

Applying either online, in person or over the phone takes a few minutes, and required documentation is minimal compared with similar lenders — generally, you’ll need to submit your most recent Leave and Earnings Statement. You might even see approval on the same day, with the option to pick up your loan loaded on a prepaid debit card or transfer funds to your bank account, which could take more time.

What are the benefits of an Omni Financial military loan?

  • 15-day satisfaction guarantee. If you change your mind within 15 days of receiving your loan, you can return the funds at no cost.
  • Apply from overseas. Even if you’re stationed outside of the US, you could be eligible for a loan.
  • Friendship rewards program. Earn a $25 Amazon or Walmart gift card each time you refer a qualified friend to Omni Financial.
  • Offices on US bases. If you’re on a military base in the US, you may not have to travel far to apply for a loan in person.

What to watch out for

  • Hard-to-reach support. We had trouble reaching Omni Financial through its customer service line.
  • Life and disability insurance suggested. Omni suggests that applicants take out life and disability insurance to receive their loans, which isn’t standard practice with other lenders.
  • Many unhappy customers. The reviews you’ll find online are overwhelmingly negative, which means your mileage with this lender may vary.

Compare more installment loan providers

Data indicated here is updated regularly
Name Product Filter Values Max. Loan Amount Turnaround time Requirements
OppLoans Installment Loans
1 business day
Direct deposit, meet minimum income requirements, live in eligible state
Comes with the option to change your due date so you won’t fall behind on repayments.
 Check Into Cash Installment Loans
1 to 2 business days
Bank account, email address, phone number, US citizen or permanent resident, ages 21+, $3,500 minimum income in California
Borrow money with lower payments and more time to pay than a traditional payday loan.
Fast5kLoans Short-term Loans Connection Service
As soon as the next business day
Regular source of income, verifiable bank account, US citizen, ages 18+
Get connected with multiple lenders you might qualify with — even if you have bad credit.
LendYou Short-term Loans
Same business day to 1 business days
$1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+
Get offers from potential lenders in minutes by filling out just one online form.
Possible Finance Mobile Installment Loans
As fast as 1 business day
Checking account with 3+ months of banking history, $750+ monthly income, live in eligible state, ages 18+
Borrow up to $500 with just a few swipes — but only for residents of 5 states.

Compare up to 4 providers

Is it safe to apply with Omni Financial?

Generally, yes. Omni Financial protects your personal and financial details with industry-standard SSL encryption, which makes it difficult to intercept information you submit online. Its site is also protected by McAfee Secure against malware and phishing.

If you’re not comfortable applying online, you have the option of calling or visiting a branch.

What does the Internet say about Omni Financial?

Omni Financial doesn’t have much of an online reputation as of September 2018. On the Better Business Bureau page Omni links to from its site, the company appears to earn an A+ rating based on factors like transparency and the way it handles customer complaints.

Curiously, you won’t find customer reviews or complaints on that page. But you’ll find two other Omni Financial pages with the BBB, each receiving A- ratings and garnering four customer complaints filed against the company.

Omni Financial’s Trustpilot page is similarly empty. The company earns a meaningless 6.1 out of 10 rating based on one negative customer review.

In the reviews you’ll find on sites and forums, many customers warn about lengthy turnaround and even paying more interest due to Omni mailing their documents, rather than emailing. Some go as far as to call the company a scam outright and one that targets servicemembers with deceptive advertising. That it’s hard to find positive reviews about Omni Financial says a lot to us.

Beware of Omni Financia's life and disability insurance suggestion

Life and disability insurance might sound like a good idea if you’re in the military. But if you’re not participating in life-threatening operations in the near future, it’s typically not worth it. Some short-term lenders use insurance add-ons to get around interest rate limits — the Military Lending Act prohibits lenders from charging more than 36% in interest on loans to servicemembers.

Omni Financial clearly states the insurance is optional, though at least one borrower believes they were misled to believe that insurance is required to qualify for a loan. Read your contract carefully to make sure you aren’t paying for unnecessary additional services like insurance.

Am I eligible?

Eligibility for a loan from Omni Financial is open to:

  • Members of the Army, Air Force, Navy, Marine Corps or Coast Guard.
  • Career retired members of the US military.
  • Spouses of United States Armed Forces members.

You might also qualify for a loan if you’re no longer in the military but have previously qualified through Omni Financial.

How do I apply?

Apply online, in person or over the phone. It’s typically faster to apply at a branch, with the option to get your funds loaded on a prepaid debit card on the same day you’re approved. Otherwise, your funds are deposited to your bank account.

How to apply by phone depends on where you’re located:

  • US — 877-666-4872
  • Germany 0800-937-5626
  • Italy or Belgium 00800-937-56267
  • All other European countries — 702-437-6057
  • Japan 012-099-8513
  • Korea — 003-0813-2055

To apply online:

  1. Go to the Omni Financial website and click Apply Now at top right.
  2. Select your status, military service branch and rank.
  3. Complete required fields and review your full info before submitting your application.
  4. Follow the directions to upload your most recent earnings statement.
  5. Wait for a loan specialist to reach out with the specifics of your offer.
  6. Carefully review your application, asking to opt out of add-ons like insurance if you don’t think it’s necessary.
  7. Sign your loan documents.
  8. Wait to receive your funds.

The whole process can take 24 hours, depending on how fast you upload your statement and how quickly you’re approved.

I got an Omni Financial military loan. Now what?

Omni Financial loans come with regular monthly repayments over 0.5 years to 3 years. You can repay your loan by:

  • Cash
  • Money order
  • Check
  • ACH bank transfer
  • Military allotment

Military allotment might be the simplest way to pay off your loan, because repayments are automatic. If you overpay, you can ask for a refund by calling Omni Financial or emailing through its site.

Bottom line

Omni Financial’s short-term loans are designed for the military and could be a good option for servicemembers who’ve had trouble finding fast financing in the past. All credit scores are considered, but watch for add-ons that can make your loan a lot more expensive than you expected.

With so many negative complaints online, you may want to find another lender altogether. Start with our guide to short-term military loans to learn more about how short-term loans work for members of the United States Armed Forces.

Frequently asked questions

Ask an expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use and Privacy and Cookies Policy.
Go to site