First Term Military Loan Program
Tyndall has special loans for active duty military who are on their first term.
Our First Term Military Loan Program offers special auto, motorcycle and credit card loans to active duty military members. This program is perfect for all armed forces that need access to credit and transportation with limited or no credit.
Check out the features of the First Term Military Loan Program
- Max loan amount for Auto Loans is $20,000
- Max loan amount for Motorcycle Loans is $10,000
- Max limit of Credit Cards is $500
Have a question about the First Term Military Loan Program?
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First Term Military Loan Program is for military members in all armed forces. Auto, motorcycle and credit card products only. Subject to completed application and approval. Qualifying interest rate, term, and loan-to-value (LTV) are based on creditworthiness. Ask for your specific rate. For used vehicles, the term and loan-to-value may also be determined by the vehicle’s model year and/or mileage. Must not have any prior derogatory credit (including medical collections) and no prior securitized collateral loans to qualify, authorized user accounts will be excluded. Members must be an E2 or higher rank (completed basic training) to qualify. Income must be verified by a LES statement or direct deposit. Auto: Must be a purchase only. Max loan amount is $20,000, max mileage 75,000, max vehicle age of 8 years, max LTV 100% and interest rate based on credit up to 6.00% APR. The payment amount per $20,000 on an Auto Loan originated at 6.00% APR financed for 60 months would be $387.58. Motorcycle: Must be a purchase only. Max loan amount is $10,000, max mileage 30,000, max vehicle age of 8 years, max LTV 85% and interest rate based on credit. Credit Card: Max limit is $500. LATE CHARGE - If your payment is more than 10 days late, we may collect a late payment charge from you of 10% of the payment then due, with a minimum of $5.00. Membership required; NO membership fee applies.