Military Personal Loan

Career Assistance Program (CAP) Loan

Servicemembers and recent Veterans can access $5,000 at just 2.5% APR* — a valuable Armed Forces Mutual Membership benefit with no fees or prepayment penalties, trusted by over 50,000 servicemembers.

CAP FAQs

Access the Benefits of a CAP Loan

Get a financial boost when you need it most. You can use the funds when and where you want — help pay for your next PCS, cover higher education costs, get extra financial support during a deployment, or make a big purchase easier to manage. It’s all up to you.

$5,000 Personal Loan

Financial support you can use as you see fit for the next step in your military life.

2.5% Fixed APR

Enjoy one of the lowest interest rates on a personal loan available anywhere.

60-Month Repayment

Manageable, easy monthly payments made over 5 years by allotment or direct bank withdrawal.

No Surprises

No fees. No collateral. No prepayment penalties.

How the CAP Loan Works

Quick financial support with transparent terms and simple requirements.

The CAP Loan is a benefit of Armed Forces Mutual Membership. It’s available to those currently serving on Active Duty, or in the Reserves or National Guard, in ranks E4-O5, including all Warrant Officers, as well as Veterans who have separated from the military at one of these ranks in the last 12 months. Additionally, applicants must be in good standing with at least $250,000 of Armed Forces Mutual term life insurance, $25,000 of whole life insurance, or $100,000 of BeyondBasic^®life insurance in force.*

Learn More About Membership

To secure your CAP Loan, simply complete the online form, provide basic documentation, and receive a decision quickly.

Apply in 15 Minutes

The CAP Loan offers $5,000 at just 2.5% APR with a 60-month repayment schedule. There are no hidden fees, no prepayment penalties, and no additional charges.

Get Started

Use your CAP Loan funds for whatever you need — education expenses, home repairs, debt consolidation, emergency costs, or other financial needs. The choice is yours with no restrictions on how you use the funds.

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Eligibility

Who Qualifies?

Learn More About Membership

Application Process

Fast, Easy Online Application

To secure your CAP Loan, simply complete the online form, provide basic documentation, and receive a decision quickly.

Apply in 15 Minutes

Loans Terms

Straightforward and Transparent

The CAP Loan offers $5,000 at just 2.5% APR with a 60-month repayment schedule. There are no hidden fees, no prepayment penalties, and no additional charges.

Get Started

Using Your Loan

Financial Freedom

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Member Stories

Our Members Say It Best

Want to Know More?

Look below for answers to some of the most frequently asked questions about the CAP Loan.

What happens after I submit my CAP Loan application?

After submitting your completed application and meeting eligibility requirements, Armed Forces Mutual will review your documents, process your premium payment, and deposit your CAP Loan proceeds.

Why does Armed Forces Mutual need my medical records for a financial loan?

The CAP Loan is a benefit available to Armed Forces Mutual Members. You become a Member by obtaining Armed Forces Mutual life insurance, a process that sometimes requires a detailed review of your medical history.

Can I take out a second CAP Loan with Armed Forces Mutual?

Please call us after you have successfully paid off your first CAP Loan to determine whether you are eligible for a second CAP Loan opportunity.

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Ready for Financial Flexibility?

Military life presents you with unique challenges — everyone needs a financial boost once in a while. Become part of Armed Forces Mutual to gain access to reliable financial products and services, like the CAP Loan, and discover what we can do for you.