Just click here and give us a little information for one of our representatives to respond.
Once we receive a completed application and documentation, we will contact you within 24 hours with a lending decision.
Once you have been approved we simply ACH deposit the money into your checking account, where it is often available the next day.
USPS, Federal Government and other eligible employees residing in Delaware, Illinois, Mississippi, Missouri, New Mexico, South Carolina, Tennessee, Texas, Utah, and Wisconsin only. Federal workers include employees of VA, TSA, HHS and other non-military governmental agencies. Other eligible employees include anyone who works for a non-federal government entity or company that provides direct payroll deductions for loan payments.
Our loan approval ranges from $500 to $3,000 – depending on laws in your state and our underwriting approval process.
You can apply directly through this website. To apply online click here. or Please contact our office at 1-855-236-1976.
Often by the next business day after we receive your signed loan agreement.
A one-time underwriting fee of $25.00 are charged to each loan and will be deducted from your loan amount when funded.
Once all documents have been received the information will be processed and verified. If your application is approved we will contact you by telephone or e-mail.
Once your application has been approved, we will send you formal loan documents. Once you sign and return the loan documents, your loan proceeds will be wired into your checking or savings account.
Payments are due bi-weekly. While the majority of our clients utilize their Federal Allotments, payments can also be made via payroll deduction, debit card, ACH, check or money order.
Yes. After 50% of your payments are made you can apply for a new loan. The new loan will be used to pay off the first loan and the net amount left over will be sent to you. For example, if your loan is 22 payments, you can apply again after 11 payments.
Federal Employee Loans abides by the Consumer Financial Services Association of America Best Practices and State laws regarding rescission, which enable you to rescind the transaction at no cost within a three-day time period by returning the full amount of the loan.
Once you have answered a few preliminary questions, an application will be emailed to you via DocuSign. This document can be viewed and answered through your computer, a personal device (I-pad), or smartphone. Upon receiving a completed application with requested supporting documents, an underwriting decision will be made, and you will be contacted. If acceptable, a promissory note and truth – in – lending disclosure will be again sent to you through DocuSign. Once those documents are returned, your funds will be ACH deposited if before 4:00 ET (if not the following day). The entire process can be completed on the same day if you provide what we request in a timely fashion.
Due to changes in the Military Lending Act effective October 3, 2016, Federal Employee Loans is not available to applicants listed as Covered Borrowers in the Military Lending Act database, including qualifying active duty service members and their dependents as defined in 32 C.F.R. 232. https://mla.dmdc.osd.mil/
30 + years experience in the Small Consumer Installment Loan Industry.
Federal Employee Loans is dedicated to providing small consumer installment loans to active employees of USPS and the Federal Government that reside in the following states: Delaware, Illinois, Mississippi, Missouri, New Mexico, South Carolina, Tennessee, Texas, Utah and Wisconsin. Our main goal is making you a happy, life-long customer.