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Military Heroes Fund

Interest-Free Loan

Interest-Free Loans, known as Asset Recovery Kit Loans, provide a no-interest alternative to predatory lending for active duty, reserve, and National Guard military. Through Interest-Free Loans, one can borrow up to $500 with a flat fee of $5 and no interest for one month.

What You’ll Need

  • No credit report is pulled because those with emergency cash needs have already exhausted their options.
  •  No interest is charged, just an application fee of $5. With Interest-Free Loans, you don’t fall further into debt.
  • Immediate cash loans for up to 80 percent of net pay (not to exceed $500) are available for one month.
  • There’s minimal paperwork just a simple one-page form.
  • It’s completely confidential, meaning we don’t tell anyone who has come to see us.
  •  Up to three loans in six months are available, but after the first Interest-Free Loan, the recipient must sit down with a local Consumer Credit Counselor identified by the foundation.

What We Support

Active duty, reserve, and National Guard military are eligible.

Eligibility Requirements

We partner with Credit Unions across the country to bring the Interest-Free Loan program to military men and women. We welcome new credit union partners.