Can I Qualify for an Allotment Loan if I Have Bad Credit?
Yes! Federal and USPS employees can qualify for allotment loans regardless of credit history. These loans are based on your stable employment, not your credit score.
How Long Does It Take to Get Approved for an Allotment Loan?
Approval typically happens within the same day, sometimes in as little as one hour. The process is quick because the decision is based on your employment status, not credit history.
What Is the Repayment Process for Allotment Loans?
Repayments are automatically deducted from your paycheck, ensuring timely payments and simplifying the loan process.
How Much Can I Borrow?
You can borrow between $500 and $25,000, depending on your financial needs and eligibility.