Omni Financial military loans review

It claims to support servicemembers, but a recent lawsuit alleges it violated the Military Lending Act.

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.

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Max. Loan Amount

Up to 35.95%


Min. credit score


Min. Loan Amount$500
Loan Amount$10,000
APRUp to 35.95%
Interest Rate TypeVariable
Min. credit score
Loan term6 months to 3 years

Omni Financial may be in violation of the Military Lending Act (MLA)

In December 2020, the Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Omni Financial. It alleges that Omni Financial required military members pay by allotment, which is illegal under the MLA. It also alleges that Omni Financial is in violation of other laws put in place to protect consumers, including requiring current servicemembers and retirees to sign up for automatic payments to qualify for a loan.
While Omni Financial didn’t accept or deny these claims outright, it has agreed to the consent order and will pay a penalty of just over $2 million. In addition, all customers paying by allotment should receive a notice for alternative payment options.

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 to return loan
  • Apply from overseas
  • Offices on US bases

What to watch out for

  • Recent CFPB lawsuit alleges violations of the MLA
  • Difficult to reach customer support
  • Life and disability insurance suggestions
  • Negative online reviews

Compare more installment loan providers

If you’re stationed in the US, see other lenders you might qualify for by selecting your state — just be aware many short-term lenders don’t offer loans to members of the military.

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Fast5kLoans Short-term Loans Connection Service
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Fig Loans Installment Loans
$50 to $100, varies by state
As soon as the same business day
3 months of direct deposits, $1400 per month income, positive bank account balance
Get an affordable installment loan that comes with no fees, flexible terms and predictable monthly repayments.

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.

Omni Financial reviews and complaints

Omni Financial doesn’t receive many reviews on its BBB page — and it doesn’t have a Trustpilot page. When looking for reviews, confirm that you’ve found the correct company. There is also a tax company called Omni Financial that has a similar web address to Omni Financial for military members.

Be cautious 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.

Cities and military installations with Omni Financial offices

Omni Financial operates offices in 20 states and a handful of military installations around the world.
US cities with Omni Financial offices:

  • Clarksville, Tennessee
  • Colorado Springs, Colorado
  • Columbus, Georgia
  • El Paso, Texas
  • Evans Mills, New York
  • Fayetteville, North Carolina
  • Hinesville, Georgia
  • Jacksonville, Florida
  • Jacksonville, North Carolina
  • Junction City, Kansas
  • Killeen, Texas
  • Lakewood, Washington
  • Las Vegas, Nevada
  • Lawton, Oklahoma
  • Leesville, Louisiana
  • Newport News, Virginia
  • Norfolk, Virginia
  • Oceanside, California
  • Prince Georgia, Virginia
  • San Diego, California

US military installations with Omni Financial offices:

  • Camp Casey
  • Camp Castle
  • Camp Eagle
  • Camp Hovey
  • Camp Humphreys
  • Camp Lejeune
  • Camp Market
  • Camp Pendleton
  • Camp Stanley
  • Cheatham Annex
  • Dam Neck Fleet Training Center
  • Eielson AFB
  • European Theater
  • Fleet Activities Chinhae
  • Fort Benning
  • Fort Bliss
  • Fort Bragg
  • Fort Campbell
  • Fort Carson
  • Fort Drum
  • Fort Eustis
  • Fort Gordon
  • Fort Hood
  • Fort Huachuca
  • Fort Knox
  • Fort Leavenworth
  • Fort Lee
  • Fort Leonard Wood
  • Fort Lewis
  • Fort Polk
  • Fort Riley
  • Fort Sill
  • Fort Stewart
  • Fort Wainwright
  • Hawaiian islands
  • Hunter AAF
  • Joint Base Elmendorf — Richardson
  • Joint Base Langley — Eustis
  • Joint Base Lewis — McChord
  • Joint Expeditionary Base Little Creek-Fort Story
  • K-16 Air Base
  • Kunsan AFB
  • Langley Air Force Base
  • MCAS Cherry Point
  • MCAS New River
  • Marine Corps Air Station Miramar
  • Marine Corps Recruiting Depot San Diego
  • McConnell AFB
  • NCTC Corry Field
  • Naval Air Station Fallon
  • Naval Air Station Jacksonville
  • Naval Air Station Norfolk
  • Naval Air Station Oceana
  • Naval Air Station Pensacola
  • Naval Amphibious Base Coronado
  • Naval Base Point Loma
  • Naval Base San Diego
  • Naval Medical Center San Diego
  • Naval Operation Base Norfolk
  • Naval Station Mayport
  • Naval Submarine Base Kings Bay
  • Naval Weapons Station Yorktown
  • Nellis AFB
  • Newport News Shipyard
  • Norfolk Naval Shipyard
  • North American Aerospace Defense Command (NORAD)
  • North Island NAS Halsey Field
  • Osan AFB
  • Peterson AFB
  • Pope AAF
  • Portsmouth Naval Hospital
  • Schriever Air Force Base
  • USAG Daegu
  • United States Air Force Academy
  • White Sands Missile Range
  • Whiteman Air Force Base
  • Whiteman Air Force Base Exchange
  • Yorktown Coast Guard Training Center

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

Our answers to questions commonly asked about Omni Financial.

Can I apply for a new loan while I’m still paying off my Omni Financial loan?

Yes, as long as you’ve already completed four repayments and meet Omni Financial’s requirements, which could be more stringent for larger amounts.

My application was denied. Can I qualify for a smaller amount?

Possibly, though it depends on the reason for your first application’s rejection. Reach out to Omni Financial before reapplying to learn more about your specific situation.

Can I submit a LES in the middle of the month?

No. Omni Financial accepts end-of-month LESs only.

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